Hints and tips:
...Luxury Australian marque Aesop was sold to L’Oréal for $2.5bn in April and last month Natura agreed to sell The Body Shop to private equity firm Aurelius for a fraction of the price it paid in 2017, after...
...But what’s most entertaining is that the government goes ahead and shows the professor’s ongoing work calculating Alameda’s historical balances with FTX — basically the firm’s net P&L — from last year:...
...As Bolgona puts it: From a high level, relative to electing to account for loans at amortised cost, electing the fair value option provides a P&L tailwind during periods of loan growth due to recognising...
...However, in order to size the potential maximum impact to banks’ P&L, a scenario we think would be unlikely but possible, for example in times of financial distress, we have assumed that everyone older than...
...Meanwhile, Lex reckons net interest margins, a handy measure of the benefit banks derive from rising rates, are peaking....
...Global luxury brands LVMH and L’Oréal collectively account for almost a quarter of the returns from French stocks. These are not outliers....
...In both instances, a gain is recorded and runs through the P&L to create income and then equity capital boosts at essentially no cost....
...You would not stay there very long unless you boosted the P&L....
...The FTSE 100 is up just 5 per cent while the S&P 500 and the Nasdaq Composite have lost about 1 per cent over the same period....
...For example, the SSGA SPDR MSCI World UCITS ETF tracks the MSCI World index for an ongoing charge of 0.12 per cent, while the Xtrackers S&P 500 UCITS ETF tracks the S&P 500 index of US stocks for 0.06 per...
...The S&P Global Clean Energy Index, made up of 100 of the biggest such companies, is set for its worst annual performance since 2013....
...There are actually a few levers investors can yank to try to enhance their net returns....
...On one hand they have a balance sheet and a P&L like anyone else, and right now they’re not looking great....
...Plot the S&P 500 index return against the Nikkei 225 from just before the pandemic....
...Net inflows into these have contrasted with outflows from their mutual fund rivals each year since 2006, according to Bank of America research....
...You can’t just look at the L part of the P&L. Secondly, who really cares anyway? Normal accounting rules don’t apply to central banks. The Fed can create money and operate with negative equity....
...However, BlackRock’s net income still took a hit in the first quarter, dropping by a fifth year-on-year to $1.1bn....
...Some can establish discretionary loss-absorbing buffers before accounting P&L is calculated (eg NBB and DNB)....
...The First Trust and L&G funds in the list have notably fewer holdings, but it’s the HAN S&P Global Clean Energy Select HANZero Ucits ETF (ZERP) that is most concentrated by this metric, with just 30 holdings...
...Most derivatives are settled on a net basis: on the settlement date, the “winner” of the trade receives a payment from the “loser” reflecting the P&L....
...L’Oréal....
...Or if you’ve just got a lot of leveraged repo or interest rate swaps without huge amounts of excess collateral and your collateral value drops at the time that your P&L starts to stink and variation margin...
...The company has had a net annual return on acquisitions between 11 and 13 per cent since 2018, “with a large majority of transactions at or above their business plans”, the company said....
...This should add to pressure on an equity story that we see beset by; 1) skepticism on mid-term growth rate, 2) earnings risks from an already well optimized P&L, 3) overhang from potential disposal by major...
...So while the revenue side of the house is doing extremely well . . . the cost has also been significant, so that has put pressure on us from a P&L perspective,” he said....
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