Hints and tips:
...Company results: Goldman Sachs and Morgan Stanley will be the latest Wall Street banks to report fourth-quarter results....
...So, W Brian Arthur, in his famous paper on this topic, talks about the “halls of production”, which is like the stable world of production businesses, and the “casino of technology” where you just don’t...
...Edward de Mallet Morgan, head of Knight Frank’s global super prime residential team, says the rising cost of living is adding to Monaco’s appeal....
...Edward de Mallet Morgan, a partner in super-prime international property at estate agent Knight Frank, points to one British family who took remote working to the limit in a Barbados villa....
...Catching up with Morgan Stanley’s former key man Colm Kelleher eschewed personal interviews for his 30 years at Morgan Stanley....
...In an example of correlation not causation, the latest from Albert Edwards of SocGen dropped shortly before the selloff got going....
...We view this as sustainable given its diverse range of growth drivers, namely; (i) China driven by premiumisation but also local brands, (ii) further mix improvement in W Europe, and (iii) stabilisation...
...Here’s JP Morgan Cazenove: Lloyds’ Q2 results are significantly below consensus and our expectations with underlying Op loss of £0.7bn driven by impairments of £2.4bn vs company cons £1.5bn....
...W? At this point who even knows....
...We expect F/W volume contraction as MONC focuses on profitability (possible Gross Mg mid-70s again, EBIT pre-IP at 29%) but still 24% below H219....
...Here’s JP Morgan Cazenove: Summary of H1-2020 Results....
...Job moves Kirkland & Ellis has hired Edward Lee as a partner. He joins from Wachtell, Lipton, Rosen & Katz....
...Here’s JP Morgan Cazenove: China represented 7% of group revenue in 2019....
...Thomas Stanley features prominently in Shakespeare’s Richard III, in which he crowns Henry VII on the battlefield at Bosworth....
...To non results sellside, and BAT’s upgraded at Morgan Stanley in a sector note, which also downgrades Unilever....
...Robert Shrimsley imagines how past royals, including Richard III or Henry II, would have responded to a BBC Newsnight grilling....
...In practice, the only successful instance, other than Nixon, of Americans removing a leader was George III....
...III to Victoria, as well as her husband, Prince Albert, who commissioned the set....
...Back to Goldman: [W]e maintain the view that the Chancellor is likely to announce targeted measures to: (i) boost NHS readiness to deal with COVID-19; (ii) allow for SME loan forbearance; (iii) offer tax...
...He also served on the Basel Committee on Banking Supervision from 2007 to 2009, while the committee was finalising the “Basel III” regulatory framework....
...In the demoralised Democratic rubble of George W Bush’s 2004 re-election, it was hard to imagine Kerry staging a comeback....
...(iii) Such a property wealth tax would cause a large industry of tax avoidance....
...Morgan Chase’s Jamie Dimon, IBM’s Ginni Rometty, and even Carlyle’s David Rubinstein. The difference between this cycle and all its predecessors is Trump. All things are now possible....
...edward.luce@ft.com Letter in response to this column: American republic and the right to dissent / From Jonathan P Kahn...
...The Sport of Kings, by CE Morgan, Fourth Estate, RRP£16.99/Farrar, Straus and Giroux, RRP$27 This epic feat of storytelling about the lives of a horse-breeding dynasty in Kentucky confirms Morgan as a torchbearer...
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