Hints and tips:
...T, a construction and engineering business, during the merger to help cement the billionaire scion’s control of the conglomerate....
...Real Return fund, which avoids companies incompatible with the aim of limiting global warming to 2°C....
...Fixed income funds tend to do a bit better, thanks to the inefficiency of bond markets and flaws in bond index construction....
...In the UK, buildings receive an energy performance certificate, or EPC, with a top grade of A and a bottom of G....
...That may have led to weak governance standards, hurting Japanese companies’ performance on the ‘G’ element of ESG....
...Its founder, Paul Singer, was caricatured on Samsung C&T’s website as a bespectacled vulture....
...The manufacturing and construction sectors are both likely to take a hit too....
...at the ‘C-suite’....
...A Gazprom director profited from a secret scheme linked to the construction of a multibillion-dollar gas pipeline between central Asia and China, according to documents seen by the Financial Times....
...However the shares are up c.30% in the last month and have rerated by c.15pp compared to our FY22 PBT estimate....
...The reduction in earnings for 2020E is largely driven by LGC, which paused traditional construction during lockdown....
...And with value likely to outperform both in the mild and severe scenarios, AXA is the pick among the multilines, L&G’s favoured in life, plus Prudential....
...The company admitted that its subsidiary paid C$48m to public officials in the Libyan regime of Moammar Gadhafi between 2001 and 2011, in return for construction contracts....
...Ibstock reports brick volumes are currently c.-70% YoY and concrete c.-50%, while Forterra reports bricks and blocks currently c.-50% YoY....
...Bill Michael wants KPMG back in the good books After construction group Carillion collapsed in 2018, one UK MP declared that he “wouldn’t hire KPMG to audit the contents of my fridge”....
...M&G, in our view, now screens as the next most likely defer its dividend given the reported poor flow picture YTD and that includes a de-merger special of 3.9p (M&G under pressure as investors flee flagship...
...INDV currently has a c.$650m net cash balance....
...Coaching tips The Performance Consultants International approach develops coaching skills based on active listening, powerful questions, and a G-R-O-W model: GOAL: What do you want?...
...Store openings resumed post lockdown: As expected, some store openings (e.g....
...The mutual fund format was copied in the UK with the brave establishment in 1931 of the first unit trust by M&G....
...There are early signs that parts of the construction industry are starting to reopen. For this sub-sector, we assume a 25% loss of revenue and cut our earnings by around 50% on average for 2020....
...Here’s Goodbody: Cranswick provided a Q1 trading update this morning reporting a strong start to the year with c.19% LFL sales growth (25% inc. acquisitions)....
...Andrew Garthwaite and team at Credit Suisse are buying digitalisation, telecom equipment and construction (on expectations of infrastructure QE)....
...John Cecil (possibly second left) of Kallo Inc, an American healthtech thing that has had some dealings in Ghana....
...Other sectors in the economy are likely to be less affected, including manufacturing, construction government and business services....
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