Hints and tips:
...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 . . ....
...Email us at imani.moise@ft.com and sid.v@ft.com....
...In the US, S&P 500 non-financial companies were sitting on $1.35tn of cash and equivalents at the end of June....
...If you are looking to predict the shape of the US economic recovery — be it V, W, L or even K — don’t look at the markets....
...With its ultra-low costs and the benefit of lower fuel prices, we expect Wizz to return to robust double-digit margins in the next financial year....
...It will certainly require evidence of a V-shaped economic recovery to ignite demand for cyclical and value stocks....
...The issue for Europe is that the economies are dominated by services. For instance, European airport passenger traffic is currently down 97% y-y. The services industry also provides the bulk of jobs....
...We also note S&P’s CreditWatch on the BBBrating will be resolved when ‘financial performance and liquidity resulting from COVID-19 can be assessed’....
...Against the general trend, yesterday Ferrari confidently guided to a V-shaped recovery in its P&L from H2/20....
...V, U, or L? The nature of Covid-19 growth impact means that some elements – e.g., production resumption, inventory restocking, and travel normalisation – would lend a natural rebound to growth....
...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....
...One mystery here is the identity of the investment consortia buyers, “Gemstone Investment Holding Ltd” and “Allied Cigar Corporation, S.L”....
...With the slowest profit recovery in Business Services, we initiate at Underweight....
...L, until the final CMA decision, expected on 11 May....
...With top-line beat flowing through the P&L, core op. profit was +8% vs cons and core EPS +12%. ¾ of the EBIT beat seems inventory related. Q: What were the most noteworthy areas in the results?...
...They said Plus500 had not made any losses from “market P&L” — risk assumed on its customers’ trades — when it had actually suffered losses of $103m in that year....
...Stobart, the infrastructure and support services company, financial services business Just and Hochschild Mining, the metals producer, received bad scores for gender diversity, meaning they will receive...
...In 2016 it cancelled a $1.8bn order for a floating production and offloading (FPSO) vessel to service the field....
...Those costs will be absorbed in Vanguard’s P&L.”...
...And, finally, support services and construction group Interserve has warned that 2 will become 1 – on its bottom line....
...“The more the market gets used to [fund managers] paying for research from their own P&L, the more it gets harder for people not to do that.”...
...Australia’s S&P/ASX was up 0.7 per cent. Hong Kong’s Hang Seng Index was up 1 per cent....
...Despite the legal advice at the time, it now seems that the cap didn’t fit after all, and the result is a nasty hangover in the p & l....
...They refer to “further improvements to style and fit”, but not how a redesigned bottom line will look — in a pair of slacks or a P & L....
...But while customers can go three-and-half years with no interest billed, Virgin Money’s P&L does not have to....
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