Hints and tips:
...Chanel, too, has invested in biotech company Evolved by Nature, which last summer raised $120mn in series-C financing, as well as Arcaea (which also received investment from fragrance manufacturer Givaudan...
...capital and expand....
...Real Return fund, which avoids companies incompatible with the aim of limiting global warming to 2°C....
...Its model has been widely adopted across Canada’s public sector — CPP Investments, established in 1999 to oversee and invest the assets of the Canada Pension Plan, has grown from just C$12mn to C$536bn and...
...Here’s what L&G shares have done year-to-date: L&G’s been under the microscope because of the size of its LDI solutions business....
...) Confirm Solutions, founded by Dr....
...David Hollingworth, associate director at broker L&C Mortgages, said the rise to 1 per cent could leave borrowers on a 25-year repayment mortgage at a standard variable rate of 4.24 per cent paying an extra...
...So therefore, we're going to have to find a solution to the problem. But do you think... And price isn't the solution... isn't the only solution....
...Capital & Counties, the owner of two plots in the capital and none whatsoever in the counties, is down a bit on a gloomy outlook....
...Refining capacity is to shrink c.30% by 2030, from c.1.7mbd to 1.5mbd by 2025 then to 1.2mbd by 2030....
...The raise does also have the backing of its two largest shareholder APG (c.20%) and Lighthouse Capital (c.14%)....
...L’Oreal’s been downgraded at Credit Suisse. Stock priced for a V-shaped recovery that’s looking increasingly unlikely, they say: Downgrade to Underperform (from Neutral)....
...Because of its merger with Sprint in Apr-20, TMUS's portfolio of spectrum below 6 GHz is now c.3x that of Verizon and c.2x that of AT&T....
...Causeway Capital Management LLC, the LA hedge fund, has declared 4.88 per cent of Micro Focus....
...France L&S and Italy will not pay dividends this year, and XL Bermuda is unlikely to. The slack is only partly taken up by France P&C which is over distributing....
...EV/EBITDA of 270x FY21 BBG consensus); after all, IFRS 15 means that the new Solutions contracts are only reflected in the P&L with a lag....
...FCF of £175mn benefited from c.£80mn of exceptional working capital benefits, which are expected to largely reverse in FY21....
...Capital: Expects half of the c.80bp transitional relief from 2Q20 to unwind over the course of 2H20. Mortgages: Notes that attrition has recently reduced from c. 15% to 11-12%....
...The energy transition strategy update in March is key to becoming more positive on the stock, absent a V-shaped recovery for their O&G customers. Glaring value?...
...A dividend cut would free up capital to help pivot the business more quickly in the energy transition....
...We believe SDR benefited from investors’ demand for strong balance sheet firms, thanks to its c.£1bn of excess capital....
...Table 1 starts with RR’s u/l EBITA in 2022E and then deducts the utilisation of cash provisions, the excess of investment over D&A, then interest and tax....
...We value Sumo based on a PE multiple of c.36x FY20E, a c.10-15% premium to the global peer group average (falling to 27x in FY21E)....
...It gets straight to the point: We now assume an L-shaped RevPAR recovery (previously V-shaped), based on Jefdata consumer surveys, corporate guidance and industry forecasts. .....
...Capital allocation will now become a more significant part of the investment case. INDV currently has a c.$650m net cash balance....
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