Hints and tips:
...“I enjoy reading the FT every day even if it doesn’t tell me what its owner is likely to do next.”...
...Driverless car company Cruise is to pause self-driving operations across its fleet....
...The headline FDI number for EU companies was boosted by one long-planned corporate acquisition, but the value of new greenfield projects slipped to its lowest level in years....
...“I don’t think that we’re serious.”...
...I certainly wouldn’t turn down any opportunity to get out of the house, and I do miss meeting people face-to-face....
...HomeServe spent £47m on nine acquisitions during the half, pushing net debt up 15 per cent from the March year-end position to £587m....
...SocGen’s Albert Edwards is incredulous: I am incredulous....
...Merger candidates from our coverage include: Pharos Energy#/Transglobe Energy and Gulf Keystone Petroleum#/Genel Energy....
...First and foremost, today’s news increases upside risk (i.e., tighter spreads) relative to our forecasts....
...Unilever “needs to reinvent itself” and “needs to look more like P&G” by adding “later income cycle adopted products.”...
...FLTR(PT £130): u/g to OW, high valuation but high-quality compounder....
...In some ways, they’re even better capitalized than people think because no one actually looks at operational risk capital, which I don’t really think belongs there; or how G-SIFI is calculated, which has...
...Charts via Kepler Cheuvreux: And here’s HSBC on what it all means for the Gulf states....
...Finally, to take advantage within equity markets we look for companies that are relatively lowly levered compared to history but who have high price volatility i.e. the opposite of the trends described above...
...On 16 March many major airlines around the world announced the grounding of much of their fleets for the next several months....
...identified “a strange pattern” of trading in Casino’s stock on four occasions in the past three months before negative analyst notes then pushed the price down He says he doesn’t remember the yo-yo story: “I...
...The next one is a little easier:A year ago, a buyout fund financed the acquisition of company G by one of its portfolio companies with 100% debt and took out a dividend for itself....
...He will replace Fred G Weiss, who plans to step down in October....
...(FT) A Tale of Two Saudis Two different looks at recent events in the Gulf country....
...Renova, Sothic and M&G did not respond to requests for comment about Petropavlovsk. Mr Hambro said he suspected M&G and Sothic were upset about not being consulted over a proposed acquisition....
...P&G challenged that outcome. The final tally showed Mr Peltz lost by a few seats, but the company granted him his board seat anyway....
...Despite the spate of acquisitions, the balance sheet remains in good trim. G&H generated cash from operations of £7.9m, compared with £2.9m in the same period of 2016....
...However, the increased reinsurance is still well below a full P&I insurance cover of $7.8bn per tanker....
...Pensions Sir Philip pledged to “resolve” the gulf in BHS’s insolvent pension scheme that appeared under his ownership....
...Borgesian email folders might include: a) coming from the boss, b) tedious, c) containing appointments, d) sent to the entire company, e) urgent, f) sexually explicit, g) complaints, h) personal, i) pertaining...
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