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...Sing, Muse, of a nasty piece of work. “The face that launched a thousand ships,” wrote Marlowe — not to praise Helen of Troy’s beauty, but condemn it as the mask of a succubus....
...L’Occitane trades at 15 times next year’s earnings; Paris-listed L’Oréal is above 30, according to S&P Capital IQ....
...Good hair and a lofty valuation: a rare stumble poses the question, is L’Oréal worth it? Have a great week, Helen ThomasHead of Lexhelen.thomas@ft.com...
...The price of gold rose 0.9 per cent to $2,382.79 per troy ounce, flirting with a record closing high set earlier this week....
...The benchmark S&P 500 closed 0.7 per cent lower on Tuesday, its biggest one-day drop since early March. About 80 per cent of the index’s constituent stocks finished lower on the day....
...The price of gold hit a record high for the third session in a row, climbing 1.2 per cent to $2,277 per troy ounce....
...Have a great weekend,Helen ThomasHead of Lex...
...Gold continued to rally, hitting a record intraday high of $2,353.79 a troy ounce....
...Is there a scam out there that would get all of us? And why don’t people see it in the moment? Don’t fall for anything this weekend, Helen ThomasHead of Lex...
...The benchmark S&P 500 fell 1 per cent, with nine of its 11 sectors sliding. Gold rose 0.7 per cent to $2,129 a troy ounce, moderating from a record high reached earlier in the day....
...But what’s most entertaining is that the government goes ahead and shows the professor’s ongoing work calculating Alameda’s historical balances with FTX — basically the firm’s net P&L — from last year:...
...Also on a multiple of sales, L Catterton’s offer looks underwhelming — just 1.7 times this year’s revenues. For reference, the buyout group recently floated Birkenstock at 5.5 times sales....
...While the S&P 500 has advanced steadily since October 27 (+22.1%), stock leadership has flipped 180° since the start of the year on shifting Fed policy forecasts....
...In our view, this probably explains their strong re-rating (forward P/E of 27.2x), and why they are trading at a 110% premium to the STOXX 600 (13.0x)” wrote....
...The metal was trading at $2,239.3 a troy ounce in New York on Monday, according to LSEG data, after hitting an intraday high of $2,265.49 earlier....
...S&P noted in a March 5 note that the company had just $44mn left of cash on hand and it expected Equinox “to be unable to generate sufficient cash flow over the next year to cover fixed charges” if it were...
...The price of gold fell 2.2 per cent after hitting a record high of $2,135.40 a troy ounce earlier in the day....
...The Granolas’ share of the Stoxx Europe 600 index has climbed to 25 per cent, approaching the Magnificent Seven’s 28 per cent weighting in the S&P 500....
...The mythological Helen of Troy maligns herself with this odd turn of phrase in Emily Wilson’s new translation of Homer’s Iliad....
...Free cash flow, however, reconciles those book accounting accruals of the P&L ledger to capture the real flows of actual dollars coming in and out....
...“Weak consumer demand led retail sales growth to slow,” said BRC chief executive Helen Dickinson....
...Wall Street’s benchmark S&P 500 index reversed an early gain of 0.8 per cent to close down 1.2 per cent as investors fretted over the impact of higher tensions in the oil-rich region....
...The price of gold, which has rallied more than 8 per cent since Hamas’s attack on Israel on October 7, fell 0.6 per cent to $1,980.58 a troy ounce....
...Investors sought safety and bought the haven asset, which rose 1.1 per cent to $2005.39 per troy ounce, its highest level since May....
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