Hints and tips:
...kadhim@ft.com / sid.v@ft.com...
...“It’s an interesting circular economy story,” says V&A festivals curator Meneesha Kellay....
...Earlier data increases our economists conviction in a V-shaped recovery: Economic data in aggregate have continued to surprise to the upside, building our confidence in a V-shaped recovery....
...Here’s RBC on Dixons Carphone: Leveraged to a softer macro outlook....
...DC expects to comply with bank covenants unless all operations close for an extended period....
...Builders, miners and banks who tapped investors for cash during the financial crisis a decade ago, raising £76bn in 2009, have stronger balance sheets....
...And Compass Group, which supplies food to events, companies and the leisure industry, says it expects half year operating profits to be up to £225m lower because of Coronavirus effects....
...Wong held a tablet with a compass needle over the artwork to prove his point: “This compass just whirled. So I took the sculpture and put it outside.”...
...Compass also said it had secured waivers on net debt covenant tests due September 2020 and March 2021....
...Yes, the numbers are bigger, but the shock, while not a V is shorter and sharper than that crash, and the pre-crisis fiscal situation was strong....
...The shares are trading on a c30% EV/EBITDA 20e discount to Compass. Stifel on Aveva? Sure, if we must....
...On trading there’s no profit guidance while the sales metrics suggest things have been getting better as customers used the bank holiday to stock up on chic knobs....
...The quarrel between the Reserve Bank of India and Prime Minister Narendra Modi has been escalating for weeks, after the government threatened the central bank’s independence in the run up to next spring’...
...Anthony Fitzsimmons opted for On the Psychology of Military Incompetence by Norman Dixon, “because it applies timelessly to incompetence everywhere, not just in the military”....
...DD’s Indap v NYU’s Damodaran: Is stock compensation good or bad?...
...The biggest activist fight — Nelson Peltz v Procter & Gamble — was only recently settled, two months after a shareholder vote....
...David Blanchflower, Bruce V. Rauner professor, Dartmouth College Most unlikely....
...Peter Dixon, Commerzbank By end 2017 I expect CPI inflation to be north of 2.5%, with a peak of around 3% in mid-2018....
...The 10 long picks for this quarter are: Hargreaves Lansdown, Sage, Fresnillo, Randgold Resources, Compass, Experian, Dixons Carphone, BT, Associated British Foods, Merlin Entertainments....
...David Blanchflower, Bruce V. Rauner professor, Dartmouth College My guess is he will be too timorous to do the right thing....
...Peter Dixon, Commerzbank Relative to the expected 2016 outcome, I reckon we will lose around 0.6 percentage points of growth as it slows to 1.4%....
...(FT) Dixons Carphone, which will report results for its first full year of trading since the merger of Dixons and Carphone Warehouse....
...(FT) Dixons Carphone which will report results for its first fullyear of trading since the merger of Dixons and Carphone Warehouse....
...David Blanchflower, Bruce V. Rauner professor, Dartmouth College Open question. Depends if he injects a major fiscal stimulus....
...Peter Dixon, Commerzbank More pessimistic than 12 months ago I have long held the view that the UK will suffer economically from being outside the EU and nothing has changed there....
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