Hints and tips:
...Neither the monster national players (JPMorgan Chase, Bank of America, Wells Fargo, Citigroup) nor the regionals (PNC, M&T, et al) have had much to say about the economy’s effect on credit quality....
...The suites vary, but all are 50sq m with courtyard entrances, and furnished with pieces by – or at least inspired by – Arne Jacobsen, Eero Saarinen, Joe Colombo, Isamu Noguchi, Charles and Ray Eames et al...
...I’d put something on and I’d go to work and maybe I’d be late because I spent so long trying to figure something out or . . . and I just didn’t feel confident in what I was wearing....
...store....
...Given all that it’d be theoretically possible to construct a bid from Accor for IHG made of around one third cash and two-thirds paper -- though it’d be a very tough sell from both an operational and value...
...al) with buildings by Ando, Rogers, Piano, Niemeyer and Nouvel....
...al), which improves SONG’s negotiating position. . . . . uh, great?...
...Declines in France were greater (Castorama LFL -44%, B-D -39%) with a slower pace of store re-openings. Poland was also robust (-9.6% LFL) as were Russia and Romania....
...Social distancing more challenging for H&M: As stores open up for trading, social distancing regulations will limit the flow of customers into retail locations....
...); (v) the EU taxonomy; and (vi) a possible carbon border tax....
...(FT) ‘Muppets v Sharks’ Small-time retail investors who ploughed money into the oil market thinking they’d spotted an opportunity to make money as prices crashed were left holding the bag, so to speak,...
...Recent medical literature suggests that severe manifestations of COVID19 may be due to tissue damage caused by severe immune dysregulation (Li H, et al; The Lancet; April 2020)....
...Much further down the market, there’s M&AAA....
...Andrew Garthwaite et al at Credit Suisse has had a fiddle about with the model portfolio, resulting in insurers getting a push....
...a chat feature with store colleagues....
...(Incidentally, for my money, Cronenberg’s scuffed aesthetic has dated at least a little better than the gleaming postmodernism of Neo and Trinity et al.)...
...There’s not much precedent to support the idea that Shina et al can walk away based on a MAC clause: WPP was forced against its will to buy Tempus in 2001, Guy Hands couldn’t scrap a bid for East Surrey...
...Time for a recovery multiple: Hays is trading on 1.8x FY22 EV/GP, which is a 20% discount to the mid-cycle average of 2.2x....
...al, with just $9bn on legacy oil and gas....
...Valuation - Renault trades at c.4.2x 2021E P/E, a c.10% discount to its 3-year median....
...And Robinson et al (2006) suggested that politicians tend to over-extract resources — they discount the future too much — and that a commodity boom raises both the value of being in power for politicians...
...The designer Kai D Fan — previously creative director at Nautica as well as a consultant for Lacoste and John Varvatos — runs the Brooklyn-based store and label Kai D Utility....
...Just Eat, Domino’s, Deliveroo, UberEats, Amazon et al, have grown very rapidly but it is too early to call them winners, indeed we believe that the battle has only just begun.”...
...“Uncertainty around Homebase, Poundworld et al presents opportunity for B&M from both a property and a capacity withdrawal perspective....
...She describes the brands as “idiosyncratic to the Australian way of life”, which might explain her success in standing up to the relentless march of Zara, Topshop et al....
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