Hints and tips:
...And that is before the recent surge in new Covid-19 cases in a number of countries, which heightens the challenge facing many companies and their bottom lines....
...UBS takes the cynical line and runs with it: At first sight that seems somewhat strange given there is hardly any therapeutic (Gilead is mainly antivirals) and strategic overlap between the companies....
...WPP will also reduce is planned capex from £400m to v£300m....
...Virtually all payment for order flow drops straight to the bottom line, since there is no need for advertising, help lines or legal support....
...Shire said its second-quarter performance had resulted in operating cash flow of $1.2bn that had enabled it to reduce non-GAAP net debt by $880m in the quarter....
...We view such actions as mandatory in that they must be done to preserve the long-term value of the franchise irrespective of the pressure on near-term cash flow....
...Related reading: Growth expectations highest since July, FT EM Fund flows: hungry for risk, beyondbrics Blindfold metrics: EMs v the world, beyondbrics Egypt: equities soar on political hopes, beyondbrics...
...In Comcast v. FCC – the “network neutrality” case – the agency was found to be making up the law as it went....
...But many agree with the Supreme Court of the United States in Ebay v....
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