Hints and tips:
...“Previously, older borrowers may have used [mortgages] for home improvement, travel or to help a younger family member get on the property ladder,” said David Hollingworth, associate director at L&C, a mortgage...
...On an interest-only deal, that would fall to £917 a month, according to broker L&C Mortgages....
...“What’s opened the door to these improvements is the better than expected inflation figures,” said David Hollingworth, director at broker L&C Mortgages....
...Companies in the space hiked prices by 10 per cent on average in the fourth quarter of 2022, according to Bernstein analysis, with volumes only 2 per cent lower....
...However, “If people do lock in a rate, it doesn’t mean they have to take it when the time comes,” says David Hollingworth, associate director at L&C Mortgages....
...In its fourth-quarter quarter results, WeWork bragged about finally turning a profit in December (real adjusted ebitda, not community-adjusted), which is an elaborate way of saying they lost almost $2.3bn...
...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....
...Its model has been widely adopted across Canada’s public sector — CPP Investments, established in 1999 to oversee and invest the assets of the Canada Pension Plan, has grown from just C$12mn to C$536bn and...
...CS’s liquidity coverage ratio fell from a 192 per cent average in the third quarter 2022 to as low as 120-130 per cent in the fourth, and that was when market funding was a lot cheaper....
...Forthcoming highlights include, on May 16, Cimarosa’s rarely heard L’Olimpiade (not strictly an opera about the Olympics, though Paris 2024 is clearly its peg and the games are alluded to in its libretto...
...It warned that inflation was likely to soar to 10.2 per cent by the fourth quarter and that the British economy would go into recession, with real incomes declining and unemployment rising....
...L’Oréal releases its full-year results. GlaxoSmithKline: The UK drugmaker publishes its fourth-quarter results. GSK raised its full-year profit forecast in October....
...“Anything below 1 per cent is really just clinging on now,” says David Hollingworth, associate director at broker L&C Mortgages....
...Under the same logic, it has also decided to defer a decision on whether we should pay any interim dividend in respect of 2020 until the fourth quarter as well.”...
...LFL sales growth slowed to 1.2 per cent from 1.8 per cent in the fourth quarter but management had already flagged French strikes and Hong Kong protests as a hindrance to sales of ham baguettes....
...France L&S and Italy will not pay dividends this year, and XL Bermuda is unlikely to. The slack is only partly taken up by France P&C which is over distributing....
...Apart from negative l-f-l rental and value growth, we assume recapitalizations to an LTV of c.35% by 2021 lowering the EPS and NAV by c.49% and c.61%....
...Yet it does contain a cheerful point: the second quarter of 2020 should be the nadir of the Covid-19 economic crisis....
...According to Bloomberg, consensus is currently forecasting PBT of c£185m (giving EPS of c6.9p) in FY 2020/21 and c.£340m (12.7p) in FY 2021/22....
...Tongcheng Life, an online Chinese platform that facilitates group buying of fresh produce, has raised $200m in Series C funding....
...Also disappointing was the announcement from Air Partner that profits would be below expectations as a result of disappointing fourth quarter trading....
...We value Sumo based on a PE multiple of c.36x FY20E, a c.10-15% premium to the global peer group average (falling to 27x in FY21E)....
...While concerns regarding C&H and success of the Ocado JV remain…: The shift in spending trends to online is not new but no less damaging for retailers with challenged property portfolios and inefficient/...
...But Diageo says to expect a gradual improvement throughout the fourth quarter of fiscal 2020, based on nothing in particular....
...Q2 is likely to be a tough quarter for many, but given our positive 12-month view, we think any weakness could be a buying opportunity....
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