Hints and tips:
...SELL: Marshalls (MSLH) The company is less confident about the path of a housing and construction market recovery, writes Christopher Akers....
...Additional reporting by Wenjie Ding in Beijing This article has been amended since publication to correct the attribution of an analyst’s quote....
...His mother worked in the local government, figuring out how traffic flows were affected by road construction....
...This article has been amended to correct the capacity of the cement plant CRH is acquiring....
...This article was amended after first publication to correct Home Depot’s annual revenue figure to $150bn...
...There is no one correct method to construct a portfolio. Each investor needs to find an approach that suits their temperament, time and talent....
...It has previously divested from companies including China Construction Bank and ExxonMobil. However, the moves by LGIM are limited....
...Keeping fresh food at the correct temperature in transit adds expense in what is a low-margin business....
...Now it’s all about just finalising the engineering package to get that ready to break ground on construction,” he said....
...Egypt, Ethiopia and Sudan are engaged in last-ditch talks to resolve a dispute over Addis Ababa’s construction of a giant dam on the river Nile that Cairo fears could lead to damaging water shortages....
...It just made sense to me that prices aren’t necessarily correct,” recalls Mr Greenblatt, whose hedge fund Gotham Capital clocked up one of the industry’s greatest ever winning streaks until it was closed...
...Follow John Reed on Twitter: @JohnReedwrites This story has been amended to correct the amount of long-term debt that Pace plans to issue...
...The signals emanating from the bond market are correct....
...There are early signs that parts of the construction industry are starting to reopen. For this sub-sector, we assume a 25% loss of revenue and cut our earnings by around 50% on average for 2020....
...But Mr Manifold described the sale to Beacon Roofing Supply as a “unique opportunity” because the price represented 16 times the unit’s earnings before interest, taxes, depreciation and amortisation....
...And if UBS is correct, among the biggest winners could be downtrodden value investors....
...Mr Harrison is correct that the long-term return on stocks is driven by economic fundamentals, not portfolio construction, but for the time being the move to passive investing has in fact increased the valuation...
...This article has been updated to correct the name of the co-founder EHang...
...A courtroom showdown is now set for Monday after US building group Standard Industries obtained an injunction to stop German roofing company Braas Monier from issuing new shares that would force Standard...
...*This story has been amended to correct the month of the housing data Letter in response to this story Shoot first…/ From Dr Stuart Wineberg...
...mamta.badkar@ft.com Twitter: @mamtabadkar *This article has been amended from an earlier version to correct the share price of Twitter...
...Laudable, says China bank chairman The chairman of China Construction Bank, the country’s second-largest lender, lauded a 50 per cent pay cut for him and his colleagues as “extremely correct”, seeking to...
...Mr Almunia’s team argues that this is not necessary – and, strictly, they are correct....
...More so, the bet is that the property market is just waaay too important and connected to be allowed to correct aggressively....
...This story has been updated to correct the number of US mutual fund categories Morningstar follows and to correct the amount of assets it has under management or advisement in the year to June 30....
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