Hints and tips:
...In 2017, a 37m-high rocket inscribed with Chanel’s double-C logo almost did, rising up like a NASA simulator at the end of its AW17 presentation....
...Fund manager M&G is to close its £565mn property fund following sustained outflows by UK retail investors looking to get out of the ailing real estate market....
...“I love what I do and I’m very fortunate to have the business . . . but you have to be very passionate about it,” he says....
...Thanks to these recyclable vitamin C sachets, skincare packaging takes up less space....
...“We shouldn’t give up on DB because the average duration is still 15 years,” says Nigel Wilson, chief executive of L&G....
...Yeah, G-O-U-L-D. I didn’t know terribly much about this guy....
...The Stories She Wears is a six-month programme focusing on teaching practical techniques in local styles, upcycled fashion, traditional textile design and financial literacy. pradagroup.com; unfpa.org G...
...C Coaching After Wimbledon, the men’s tour will trial allowing coaching during matches....
...That’s F-L-I-C. For more information about your rights as a tenant, do check out the Generation Rent website. Jason Butler is on Instagram and Twitter. He’s @jbthewealthman. Timi is @mrmoneyjar....
...Anyway, here are names and links — we’ll let you make your own mind up: Liquid 2 Venture Fund III L.P . . . . Lake Nona Fund / LN Sports & Health Tech Fund I, LP . . ....
...“We’ve got to spend two years delivering and demonstrating that, and if we do and we get our vote out, I’m confident we will win.”...
...L&G said there were no defaults and just 0.6% downgraded to high yield (vs market which saw 1.5%). We note L&G has a very high quality corporate bond portfolio with an average rating of single-As....
...Mackay, Delaware, USA Crossword 16,069: Steve Abel, York; Alan Cruse, Stockport; M McQuillan, Edinburgh Polymath 1,005: Mrs SM Fraser, Middlesbrough Crossword 16,057: G Dennis, Stratford-upon-Avon; Joanne...
...“L&G offers a 6.3% 2020E dividend yield, 1.2% above the sector average. Pre-2016 L&G's yield averaged 0.4% above the sector.”...
...This reflects an overweight position in L&H Re, where exposure needs clarification, and uncertainty over the cancelled FY 2019 dividend....
...A lower EBIT margin online vs C&H as a whole also means that if M&S does grow online to 30% of C&H sales by FY22e, the impact on margins will still be negative....
...We estimate Primark is discounted at £5.7bn, 10x 12m FWD EBIT less than half that of Inditex and H&M, despite superior growth prospects....
...Clothing: very poor – The Clothing and Home (C&H) performance is disappointing, even if online sales growth is better than usual....
...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....
...Credit uncertainty remains the greatest risk for UK life insurers, including L&G, with COVID and Brexit both likely to exacerbate credit concerns....
...Professional landlords such as Grainger, L&G and Invesco have received 95 per cent of the value of residential rents over lockdown and say they are managing arrears through agreed repayment plans....
...at the ‘C-suite’....
...Hence Total S/H return will remain low considering low L-T ROE generation....
...G)....
...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...
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