Hints and tips:
...Rudy Kessinger, of D.A. Davidson & Co, on the Akamai May 2023 call....
...Alliance Pharma, M&C Saatchi and YouGov all fall in this zone. But it’s not only about individual companies....
...They understood that you need to offer voters a degree of reassurance because voters are quite small c conservative, even if they’re not Conservatives with a capital C and they’re concerned about the things...
...It is, finally, coronation time for the new king, 74-year old Charles III....
...So basically it is somewhere between pay-to-play and gambling, though we’d be delighted to know what “non-economic conditions” entails....
...And as George and I wrote about in the FT recently, we landed back from the IMF conference and read on Twitter he’d been fired and goes and see Liz Truss and she says, “I’m sorry, I don’t need your services...
...And then, in the shade of a row of peach trees, there was a patch of plants with dramatic clusters of spear-like leaves, vivid as a Rousseau painting....
...They rarely add that, from the beginning, when Harold Macmillan negotiated with Kennedy to buy the Polaris missile system, Washington has insisted on a big say in its deployment....
...He’d say, c’mon, over the top.” At half-time of a game in 1989, while England’s captain Terry Butcher was having his bleeding head wound bandaged, Robson told the team: “Have a look at your skipper....
...I’d have found it difficult not to gush. I’d read her electric novel in a day and felt simultaneously affirmed and attacked by it....
...with is a hand-carved door by American sculptor Harold Balazs....
...I’m lucky to live in a Unesco City of Music, a place where music is at the heart of everyday life....
...This is broadly in-line with JPMe $15bn pa 2021-25, c$14bn pa 2026-30. iii) Returns/Breakeven....
...question on the M&A front following the decision to exit milkrite I InterPuls in July for £180m....
...If the bondholders call in their debt, M&B could sell some of its 1,356 securitised pubs (last valued at c£4bn) to pay off c£1.7bn of notes and c£0.3bn of MTM swaps....
...i) biggest decoupling between earnings revisions and market performance since 1998; ii) credit spreads now appear fair (and equity and credit have been very closely correlated); iii) recent rise in bond...
...In recent weeks Next has been trading on its biggest ever valuation premium to both Kingfisher and M&S....
...Sometimes from our investor conversations, GILD internal R&D gets less credit than it probably should....
...culture that’s as precise and clear eyed as you’d expect....
...(d) Price/mix of only 1.4% in core tobacco business suggests acute pressure from down-trading –this has been highlighted by Altria and PM as well....
...This action frees up c£2.5bn in cash flow for other uses and protects the BBB+ credit rating, according to the company....
...Miller was a sort of one-man refutation of C P Snow’s 1959 claim in The Two Cultures that there was a “gulf of mutual incomprehension” between the arts and science....
...We keep our preference for LHN, CRH and KSP, and remain cautious on HEI and TPK which we d/g to relative UW....
...M&A in TV....
...We’d also note that the company’s US CEO (Dr. Wolfgang Baiker) will be retiring effective 1st August 2020 (announcement made on 15th June 2020)....
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