Hints and tips:
...But, of course, there’s a reason why it’s widely called Shitibank; the sprawling, gormless Citi has for a v v v very long time proven adept at blithely ambling onto various rakes around the world....
...Chinese property completions in the first six months of the year are higher than the first half of 2019, says Morgan Stanley....
...” said Georgia O’Keeffe, America’s first great Modern painter....
...Yet roughly one-third of the market’s rally since the start of the fourth quarter last year stems from burgeoning investor interest in Hermès, Kering, LVMH and L’Oréal....
...“Not every [board] member has to be an expert in financial risk, but has to be able to read a spread sheet or a P&L [profit and loss account],” Richdale points out....
...For fans of nuance and classicism. To be enjoyed with food that’s not too assertive; turkey would do it. £52.68 J&B More stockists from Wine-searcher.com....
...From First Boston came Kapito, Fink’s right-hand man on the mortgage trading desk; Barbara Novick, the formidable head of portfolio products; Ben Golub, a maths wizard who had designed many of the bank’s...
...net of large central banks....
...Economists trying to forecast the impact of coronavirus often sound more like geographers. Or typographers. Bank of England governor Andrew Bailey maps a depression that is “V-shaped”....
...I mean, the World Bank is saying that we might need over 3bn b tonnes of new metal to achieve the 2-degree C future. But where's all this copper, cobalt going to come from?...
...L.P. (“KKR”) and GK Investment Holding Group SA (“GKI”) (each a “Potential Offeror”) regarding possible offers for the Company....
...[B]anks are a port in the storm this time. First of all, they’re all very well capitalized. They all have very healthy earnings streams. They all are more diversified....
...P review out....
...This is however negligible in the wider context of the P&L and the land bank, with the impact on future gross margin of 17bps small and which will likely be mitigated....
...The value of a property depends as much on the ability of people to pay for it, ie on the health of the economy, as in the actions of the property owner....
...The bulls will point to a P/B below 1, FY21e EV/EBITDA of 4x and EFCF Yield of 8% as evidence of clear value....
...Valuations – The sector P/TNAV has dropped to an average of c1.0x for CY20....
...Against the general trend, yesterday Ferrari confidently guided to a V-shaped recovery in its P&L from H2/20....
...We value IAG at a P/B 2019 of 0.4x (as for AF-KLM / at a 20% discount to Lufthansa’s P/B multiple in the lows in 2009; IAG was formed in 2011)....
...What is the likely shape of the growth trajectory? V, U, or L?...
..., from Australia to Georgia....
...When we come out of this period of lockdown, we believe it will be into a V-shaped recovery (which remains our core case), and we will eventually end up with higher inflation as governments and central banks...
...It gets straight to the point: We now assume an L-shaped RevPAR recovery (previously V-shaped), based on Jefdata consumer surveys, corporate guidance and industry forecasts. .....
...The organic growth decline is similar to 2009 but we assume a more muted margin impact of 200 b.p’s vs 300 b.p.s’ – this reflects WPP has anticipated the slowdown & the likely availability of some Government...
...Company commentary supports our view of limited direct impact to P&C : Hannover Re: noted a potential €200m loss across P&C and L&H; Munich Re: noted a €500m loss should all the events it covers for communicable...
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