Hints and tips:
...Spencer Hill of Goldman Sachs (who forecasted yesterday’s core CPI reading almost exactly) spots this “January effect” in labour-intensive price categories such as medical services, personal care and daycare...
...“They want to pay a quid a book and don’t care what’s in them,” he told me. “Nothing too valuable because it’ll probably get nicked.” He should know....
...If the starting prices in Beverly Hills of $10mn are any indication, they’re succeeding....
...What will business want — and should Labour care?...
...Morgan Stanley veteran Jeff Hogan has joined Wells Fargo as co-head of global mergers and acquisitions....
...Yet, if production numbers estimated by Morgan Stanley are correct, Rolex made an estimated 1.05mn watches in 2021. Where were they?...
...Former president Bill Clinton and actor Morgan Freeman pitched the US; supermodel Elle Macpherson championed Australia’s efforts. Then there was Qatar....
...They didn’t care where you came from.” That Schwarzman looks likely to retain the historic integrity of Miramar is a relief to the community....
...Not least at the charity Maggie’s, which provides walk-in support for anyone affected by cancer, and where the gardens are an integral part of their care....
...The medical tradition emphasises the expertise of the doctor and the care of the patient as an individual....
...Walnut Hill is a nondenominational, evangelical megachurch, with four campuses across the state....
...The pet care industry in China is still in the early stages....
...He seems not to care. He lives between Normal and Laguna Beach, where Rivian is restoring an old movie-theatre complex....
...Rio Tinto said it has reached a binding agreement with Turquoise Hill Resources to close a $2.3bn funding gap for completion of their Oyu Tolgoi copper mine in Mongolia....
...Card Factory said it has secured temporary waivers from its banking syndicate to avoid an imminent breach of loan covenants....
...“But there’s a reason we care about this. Facebook is about putting power in people’s hands.”...
...The essentials The new world of hybrid work that emerged by necessity during the pandemic will need to be handled with care when “normal business” resumes, writes management editor Andrew Hill....
...Covenants have been waived, raised or pushed out for Flutter, GVC and William Hill, and similar treatment for Playtech seems likely on that basis....
...Trump couldn’t care less about policy unless it coincides with the interests of his super-rich business mates....
...Cineworld, the aggressively shorted pan-continental multiplex rollup, gets an upgrade to “equal weight” from Morgan Stanley....
...But following the resignation of Labour MP Mike Hill, triggering a by-election, Hartlepool is now up for grabs....
...Of all of the UK’s mis-steps in tackling coronavirus, the epidemic in care homes is the worst, Sebastian Payne writes....
...Here’s one from JP Morgan Cazenove: Global equities were, at last Monday’s low, down as much as 34% from the highs, and some of the hoped for stimulus measures began to ramp up....
...The operator that still has the most upside is William Hill, in our view (Buy, 230p TP)....
...Last CINE update: Liquidity extended, covenants waived. CINE’s 28 May update showed that lenders will waive leverage covenants....
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