Hints and tips:
...Todd H Baker is a senior fellow at Richman Center for Business, Law and Public Policy at Columbia Business School and Columbia Law School Loan accounting in a bank should be straightforward, delivering...
...A decade later, even Gene Fama, the father of the efficient markets hypothesis, grudgingly incorporated it into his models....
...A recent report by analysts at S&P Global made clear how little incentive these companies have to change their ways....
...The run of economic statistics this week is more of a trickle, starting with the international comparator of service industry purchasing managers’ index (PMI) data....
...Data provider CFRA noted that the SPDR S&P China ETF (GXC) lost 12 per cent in the year to December 11 while the iShares MSCI Emerging Markets ex China ETF (EMXC) was up 12 per cent over the same period....
...Monday The 25th anniversary of Google being incorporated as a privately held company....
...On the industry’s side, progress has been slow....
...Among the 24 major industry groups, banks came in dead last, with annualised total returns over that period of less than 6 per cent, less than half the return on the wider market (these are the S&P 500 indices...
...The MSCI China is broader and includes H shares and foreign listings, as well as mid-cap companies....
...S&P Global said it was reviewing the FCA’s letter and would continue to engage with the regulator....
...As Lex notes, Tapestry’s dealmaking record isn’t great and analysts at S&P cut the company’s outlook to negative on the deal....
...We can confirm that Microsoft is involved — LSEG’s head of capital markets Murray Roos told mainFT in world exclusive, previously-unreported comments (h/t Laura Noonan): We’ve been investigating some of...
...The S&P 500 index of big US stocks climbed more than 5 per cent, while Europe’s Stoxx 600 was up almost 7 per cent....
...As Alex Matturri, the former CEO of S&P Dow Jones Indices — one of the industry’s own “Big Three” alongside MSCI and FTSE Russell — put it in an LinkedIn post yesterday (our emphasis below): India has become...
...Elsewhere in retail we have numbers from Inditex and H&M, the latter being a trading update rather than a results call....
...Thomas H Lee, a billionaire financier who led some of the private equity industry’s most successful deals during its early rise in the 1980s and 1990s, has died at the age of 78....
...(H/T the FT’s Antoine Gara for the below slide): You can see the shift here in SVB’s 2022 annual report. By the end of last year it only had $563mn worth of hedges left on its books....
...Others in the industry also point to Russia’s capacity to make trouble elsewhere....
...H&M reported an 87 per cent collapse in earnings to SKr820mn ($80mn) in the quarter to the end of November from a year earlier....
...The Invesco S&P China A 300 Swap and Invesco S&P China A MidCap 500 Swap Ucits ETFs have been launched on exchanges in the UK, Germany, Italy and Switzerland....
...Stocks subsequently rose on Wednesday, with the S&P recording its best day since May 2020....
...Brad H Birmingham, AL, US Thank you for all the responses and do keep them coming. They may feature in a future edition of FirstFT....
...Others are trimming their product offerings in ways resembling H&H Bagels’ menu rethink....
...Consumer-facing brands from clothing retailer H&M to drinks giant Coca-Cola and airline KLM all faced private lawsuits last year over allegedly overheated green claims....
...The company began trading in 2014 with just eight employees and was incorporated in its current guise in 2017....
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