Hints and tips:
...Blackstone in September became the first private equity group to be included in the S&P 500 index and its rivals Apollo Global and KKR are hoping they are not far behind....
...Read on for why boards and executives need to oversee corporate culture as well as the P&L, and in Office Therapy I advise a worker without children doing a lot of extra cover for the mothers on her team...
...“We’re in a rough patch right now with the global economic situation,” says Kevin Murphy, principal metals and mining analyst at S&P Global Commodity Insights....
...When l made the point to her about coping so well, she answered, ‘well l work for a **** company where nothing works, so I’m used to broken equipment and being stress-tested by game-playing stupid senior...
...They illustrate their argument by comparing the paths to success of the richest people in Mexico and the USA (p. 39)....
...What happens further down the P&L is largely a question of capital structure, but it appears most will be either loss-making or make only marginal PBT....
...This means a short-term pain in the p&l for long-term gain, the way responsible managements are supposed to behave. Oh no, it’s a profit warning! The shares fell by a fifth in disappointment....
...Producers such as ConocoPhillips and EOG Resources temporarily halted production there....
...In addition, Land’s fledgling company decided to hire a few contemporary photographers to use its equipment and to report their findings....
...L&G would like to invest a lot more in such properties, which serve the dual purpose of reducing housing need and giving patient investors a steady yield....
...Third, the efficient reallocation of scarce resources to underpin the growth of innovative firms....
...However, Mr Gilbert is not one to dwell on macro economic trends when there are pips to be squeezed on the P&L....
...Holiday figures released last week from retailers have also been encouraging, with JC Penney, Macy’s, Urban Outfitters, Victoria’s Secret owner L Brands, and Gap Inc reporting same-store sales growth....
...But he adds: “The way Nokia was organised, the actual business responsibility – the hard P&L [profit and loss] responsibility – was only with a very few people....
...The over-riding theme, even accounting for the adoption of electric vehicles, is that western economies are doing more with fewer resources....
...Mining equipment accounts for between 10 and 12 per cent of group earnings, according to Panmure Gordon....
...“We are not selling equipment. We are not selling power plants. We don’t care that much. If we just consider the P&L of EDF, we are not selling anything. We are operating [plants],” he says....
...Arm Holdings lost 1.5 per cent to 577½p to profit taking after semiconductor industry data unexpectedly showed equipment sales falling in January....
...At 8am last Friday, Gordon Brown was at the Group of Eight rich nations summit in L’Aquila, Italy, preparing for a bilateral meeting with Libyan leader Colonel Muammer Gaddafi....
...HBOS improved 0.6 per cent to 465¼p, while Royal Bank of Scotland faded just 0.8 per cent to 254p....
...The S&P 500 was up 0.2 per cent or 2.79 points at 1,334.11; the Nasdaq Composite was up 0.3 per cent, or 6.05 points, at 2,243.65....
...The tools can be computer resources, advanced laboratories, specialized equipment, capital intensive facilities, etc....
...Novellus Systems appeared to validate concerns about high inventories as it warned of slowing demand for its chip manufacturing equipment. The news sent the stock 8.9 per cent l ower on Thursday....
...Ciena, a maker of telecommunications equipment, saw shares add 1.6 per cent to $1.97 after it reported a wider loss than forecast, citing languid demand as areason....
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