Hints and tips:
...Unquestionably, China (14% of group sales in FY19) continues to be a stand-out success story for L’Oréal; we expect the beauty category in China to register HSD growth this year and for L’Oréal to outperform...
...Weighing in at ~7,000 words and with 84 references, G4S’s Wiki “controversies surrounding . . .” rap sheet is longer than the ones for the Legion of Christ and Grand Theft Auto V, though not quite as long...
...(WSJ) What else we’re reading Just one in 10 fund managers expect V-shaped recovery V, U, W, L — just a handful of the letter-shaped recoveries that investors have put forward as possible paths for the...
...Here’s Investec (sell) to summarise: [L]ockdowns are impacting consumption in North America (c. 30% of sales), Europe (c. 20% of sales), India (c. 10% of sales), Africa (12% of sales) and many countries...
...The shares currently trade on a 2020E PE multiple of c.17 times and an EV:Sales multiple of c.0.92 times in the context of Group margins of c.7.6%....
...The V-shaped recovery in consumer spending feels too bullish in our view....
...And GTA V’s publisher Rockstar has a history of delaying titles in the name of quality; GTA V, Red Dead Redemption, RDR2, Max Payne and L.A. Noire were all delayed....
...L’Oréal Sector: cosmetics / HQ: Paris, France Key stat: Online sales jumped 53 per cent in the first quarter....
...Nathan Coe will become chief executive of UK-listed Auto Trader following Trevor Mather’s retirement after six years at the helm....
...Call it what you will — but it’s more L-like than V....
...Slightly more recently, the sale to Edward Knoblock in 1917 of most of Hope’s furniture from Deepdene, and its subsequent public display, did much to spark a significant revival of regency style during the...
...It ends in tears with Edward VIII’s abdication....
...THE MARCH by E.L....
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