Hints and tips:
...His family still goes to Drummond Street for special occasions – and it’s still a treat....
...The nascent competition between Uber and Alphabet has become significant enough to force David Drummond, a top Alphabet executive, to resign from the Uber board last month....
...“A chief executive in the biosciences industry told me that every time he drives past the university, he says: ‘There’s my research lab’,” says Drummond Bone, vice-chancellor....
...Some hedge funds, particularly specialists in credit and convertible bond arbitrage, had suffered after the downgrades of Ford and General Motors debt in May....
...The downgrades of the US carmakers, which pushed GM to “junk” status in early May, rattled hedge funds that had exposures to GM- and Ford-related credit derivatives....
...Convertible bond arbitrage and credit funds have been particularly badly hit in recent months because of overcrowding and unexpected turmoil when the debt of Ford and General Motors was downgraded last month...
...standing yesterday at 12.75, a low level by historical standards, indicating the market’s expectations for volatility have fallen after a two-week spike in May following the credit rating downgrades of Ford...
...The downgrades of the US carmakers, which pushed GM to “junk” status in early May, rattled hedge funds which had exposures to GM- and Ford-related credit derivatives....
...The downgrading of Ford and GM, for example, was widely foreseen and credit spreads generally were viewed as tight by historical standards, they say....
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