Hints and tips:
...HR positions are now more likely to be considered part of the “C-suite” than five years ago....
...Gregg Moskowitz, Mizuho, on the Microsoft April 2023 call On the exceptional growth in Europe: “[C]urious to hear or maybe if you can double-click on what’s driving the exceptional growth here in Europe...
...Alliance Pharma, M&C Saatchi and YouGov all fall in this zone. But it’s not only about individual companies....
...As a result, we see end-2020E net debt rising to c.€15 bn for IAG and €17.8 bn for LHA, and remaining at c.4x EBITDAR in 2021E (vs. 2x/3x for IAG/LHA respectively in 2019)....
...Once you start typing, for example the letter “C”, the form will jump to all companies starting with C to make the selection easier....
...Here’s Goldman: MCRO released a mixed 1HFY20 trading update today, with revenues at c.$1.45bn down -11% yoy ex-fx, and c.5% below GS/Reuters consensus expectations....
...Since stores started to reopen, Greggs said sales trends had been “encouraging”: last week sales were back to 72 per cent of the equivalent 2019 level....
...FY20 consensus sales & EBITA have come down by c. £160m & £30m respectively. That implies an H2 sales decline of c.20% and a drop-through margin on lost sales of c.19%....
...there will be a reduction of around 75 senior management head office roles . . . the plan will ultimately lead to an overall cost saving of c. £100m.”...
...Here’s Morgan Stanley: We estimate that Jumpshot accounts for c. 4% of group revenues and this has been growing c. 50% (thus contributing c. 2% to group growth in FY20 on our estimates)....
...There’s a liveblog on Ghosn over here and some write-ups of Sainsbury and Greggs updates, which both look much as expected....
...He is rescued by a WHO military team that swoops in on the body’s C-130 jet. In reality, the agency has no police powers at all. “We are not like Interpol,” says Schwartländer....
...Gregg Alton, a senior Gilead executive, will serve as interim chief executive until Mr O’Day starts his new job in March....
...C Directors buying shares after a major announcement is often viewed as an attempt to signal confidence to the market....
...Greggs hopes to mitigate the rises by investing £125m in efficiencies....
...Burberry also said its targeted cost savings were £20m in the full year and will increase to c.£50m next year and at least £100m annualised by 2019....
...Its market capitalisation has increased from C$340m in 1999, when it floated, to C$3.16bn today. In 2013, it launched a regional airline called WestJet Encore using Bombardier Q400 NextGen planes....
...“We are not going to prevent people coming and bringing a couple of bottles or even a box back in their suitcase, or a person from the US or Europe coming and seeking to access the product,” says Gregg Alton...
...Gregg Sando, a former investment banker who founded biotech company Cell Medica, said the situation was improving....
...Gregg Alton, executive vice-president of Gilead, said he believed the agreement would create a competitive marketplace that would help bring down the price and ensure widespread access....
...Gregg Alton, executive vice-president in charge of access at Gilead Sciences, Sovaldi’s developer, stresses that his company is working on a pricing policy that will make the drug available far more affordably...
...Also among the mid-caps, Greggs and Marston’s were 2.5 per cent and 0.6 per cent higher, respectively. The baker and brewer both reported improved trading in better weather....
...Gregg McClymont, shadow pensions minister, described the news as a “concrete Labour win on pensions” – the opposition Labour party has campaigned for months against the industry....
...edward.luce@ft.com ——————————————- Letters in response to this article: Reload the gun ahead of next crisis / From Mr Daniel J Aronoff Credible debt plan would boost the US economy / From Mr Judd Gregg...
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