Hints and tips:
...All the King’s Men by Robert Penn WarrenEverything you need to know about demagoguery America-style, via a thinly disguised portrait of Huey Long of Louisiana....
...at the Association of British Insurers Annual Dinner UK, Office for National Statistics publishes its evidence review on hidden homelessness Tuesday EU, S&P Global manufacturing PMI flash data EU, Zew...
...H: Commerzbank, L: Coinbase What was the name of the New Jersey deli that was at one point worth $100m?...
...“Just by being on T-Mall, some 700m people have access to our products for the first time in China, making the sky the limit in terms of growth,” she said....
...With an oil price war between Saudi Arabia and rival producers thrown into this already heady mix, the S&P 500 index of US blue-chip stocks had plummeted more than a third in a little over a month by March...
...L Brands also reduced its outlook, saying it expected to produce fourth-quarter earnings of about $1.85 per share compared with previous guidance of about $2....
...But the 82-year-old is also the longest-serving chief executive of an S&P 500 company, having run Victoria’s Secret’s parent company L Brands since 1963. This can lead to some strange views....
...Tens of thousands of retail workers are already being furloughed without pay at Victoria’s Secret owner L Brands, while Macy’s warned its workforce of about 125,000 on Monday that it was unclear when stores...
...UK national statistician Ian Diamond can even see a cliff edge in the form of an “L”. But stock market commentators have started using the language of psychiatrists....
...L-f-l rents down 27%: net rental income fell down to just £87.3m which represents a l-f-l fall of 27% (excluding premium outlets), as a result of covid and the reduced rent collection rate....
...L Brands was the worst performer in the S&P 500 on Friday, falling more than 7 per cent after Credit Suisse downgraded the Victoria’s Secret owner along with Macy’s and Gap to “underperform” from “neutral...
...to S&P’s credit analytics data that show they have the highest one-year probability of default....
...company within The Square Mile’s stupidest shopping mall....
...The ecommerce group benefited as hundreds of millions of Chinese turned to shopping from their smartphones rather than going to malls....
...Wall Street is reviving a “big short” of the US retail sector ahead of a raft of earnings reports this week, even though earlier bets on a mall “apocalypse” have failed to pay off....
...Among other laggards, Victoria’s Secret-owner L Brands, also mall-based, posted a dip in net revenues for the festive season....
...Consider what it would do to Bandersnatch’s P&L. “Don’t mind institutional investors. They’ll mouth off about price and earnings dilution and the rest. Yada yada yada. Call their bluff....
...At the other end of the retail spectrum, L Brands, which sells women’s clothing and beauty products, is down 39.5 per cent since the year began, the S&P 500’s worst performer....
...Department stores, clothing specialists and general merchandise chains are the three single worst-performing subsectors of the S&P 500 over the period....
...The traditional “merger Monday” shaped Wall Street at the start of the new trading week, with Mattel and shopping mall giant GGP jumping on plans by rivals to acquire the two companies....
...Brookfield is seeking to privatise GGP, and convert some of the mall space bought as part of the deal to other uses — such as commercial office space....
...Shares of some of the largest US retailers advanced, propelling the S&P 500 retail sub-index to an all-time high on Monday buoyed by indications of a strong start to the holiday shopping season....
...the UK’s Hammerson has bid for its smaller rival Intu and Canada’s Brookfield is trying to buy out US mall owner GGP....
...L Brands, the owner of lingerie chain Victoria’s Secret, is the largest single tenant for prime operator GGP, according to company filings....
...GGP, another large mall operator, dropped 2 per cent. Thursday’s fall deepens this year’s slide for the retail Reits index to 10.4 per cent, according to Reuters data....
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