Hints and tips:
...Revenues have been flat for the past seven years, according to S&P CIQ data, which means they are falling in real terms....
...Global fast-fashion retailer Inditex accounts for more than a sixth of Spanish stock returns....
...One day I spotted the 1,130-page book resting on a table at Daunt....
...On est dans une stratégie phase 1, phase 2....
...We do not think that management would have referred to “strong cash conversion” and emphasized delivering if the beat in the P&L were not flowing through well to cashflow, so we believe that the commentary...
...) estimates i.e. an attractive valuation, however: i.) preprovision profit in our base case is declining -2% CAGR ‘19-22E and ii.) our L-T recession scenario sees only 1% p.a....
...Increased focus on the home, reversing some L-T adverse trends....
...The 12m forward P/E has hit the average recession P/E at trough at 9.7x, but has not taken the usual path to get there (Figure 1)....
...Based on company commentary so far, we still believe potential COVID-19 claims (including BI) are a manageable P&L event for the sector, although the devil will be in the detail when it comes to BI policy...
...“A better than expected P&L, with good results from Brazil and a stronger contribution from the US,” noted Daragh Quinn, a banking analyst at Keefe, Bruyette & Woods....
...The Stoxx Europe 600, a broad benchmark for the region, gained 1.7 per cent on Wednesday as good earnings from companies such as cosmetics maker L’Oréal, Spanish bank Santander and UK-listed bank Standard...
...The largest, Block P, housed 1 per cent of the entire national population and initially suffered from drains blocked with coagulated blood, the result of fishermen gutting their catch in the baths....
...A Spanish visitor overhears me, and says I’m right to pull them up on it; she is equally exhausted by the number of servers waiting on her every move....
...Meanwhile, on June 21 and June 22 2010, Sotheby’s New York auctioned most of the 1,270 high-value photographs that had been cherry-picked from the collection....
...At the close, the S&P 500 and Dow Jones Industrial Average were flat at 2,050.6 and 17,660.7, respectively, while the Nasdaq Composite retreated 0.2 per cent to 4,717.1....
...The bank is looking to the UK for growth after acquiring TSB for £1.7bn last year. It also plans to expand in Mexico having been granted a banking licence there last August....
...Actress Sarah Bernhardt visited in the 1890s and fell for its rugged beauty, buying an abandoned fort on a cliff top....
...The outcome looks very binary to risk P&L now. The interesting spin in this story this week is the Fed’s reaction function....
...“They probably made 5-10 times their normal daily P&L [profit and loss].”...
...Markets Asian markets Nikkei 225 up +455.02 (+2.72%) at 17,164 Topix up +40.47 (+2.98%) at 1,401 Hang Seng up +181.79 (+0.96%) at 19,043 US markets S&P 500 up +26.55 (+1.41%) at 1,904 DJIA up +282.01 (...
...But there it was, arrayed in the shade of a cypress tree, dead in the middle of the road. Yet very much alive: 6ft of slithering Pacific gopher snake, stridently patterned, beautiful and menacing....
...Letter in response to this report: New York City has its own long-running saga / From J M L Stone...
...He added: “With these changes, it has become clear that, looking beyond certain aspects of P&L, the company’s core business (aeronautics) is not profitable at this time, despite management’s repeated claims...
...Have some mint tea and a corne de gazelle by the fountain, after a walk in the Jardin des Plantes nearby. 2bis Place du Puits de l’Ermite, 5th arr Le P’tit Fernand This restaurant is an institution and...
...Revving up There is nothing like revenue recognition – the booking of income on the P&L – to get creative accountants’ juices flowing, writes Kate Burgess....
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