Hints and tips:
...Amazon is investing $115mn in exchange for a minority stake in the television networks that screen some of America’s biggest sports....
...First in line is the spin-off of GSK’s consumer health business due to be completed next year....
...Is America heading for a V-shaped economic trajectory after the Covid-19 shock? Or does a U, W — or dreaded L — shape loom instead?...
...Mr Corbat says banks must walk a “fine line” between “being as supportive as we can be” without “in any way calling into question the soundness” of the bank or the financial system....
...Causeway Capital Management LLC, the LA hedge fund, has declared 4.88 per cent of Micro Focus....
...Ashtead, a £6bn company, is down by a fifth with no news on the tape other than Bank of America repeating “buy” advice....
...The V-shaped recovery in consumer spending feels too bullish in our view....
...Flat sales in the Americas have compensated for weakness in Asia but that’s likely to be a timing issue....
...Here’s Numis: New business wins were ahead of expectations due to gains in C.Europe (stations in Holland and France) and N.America (three airports)....
...(v) Restructuring continues. Of course it does. But what about that Tesla, eh?...
...We think the revenue growth outlook for Europe is as bad as the GFC, N. America could fare slightly better. Preference for FCF, superior ROIC in challenging macro. CRH joins LHN and KSP at Overweight....
...Consider the “N”: Netflix. The video streaming service is still riding high, despite losing some of its mojo with a shortfall in subscriber growth last quarter....
...France v Denmark was an outlier: possibly the World Cup’s dullest match since the deadly Switzerland v Ukraine game in 2006....
...A representative for the actress told USA Today: “Fran and Oscar are happily reunited and are enjoying an In-N-Out burger together.”...
...The Dow Jones Industrial Average is expected to open above the 22,000 mark for the first time when New York trade starts, with Apple set to help the 30-member benchmark over the line....
...Virtually all payment for order flow drops straight to the bottom line, since there is no need for advertising, help lines or legal support....
...With the launch of the offer for all preference shares in Unilever N.V. we are also taking important steps to simplify our capital structure and improve corporate governance....
...With the launch of the offer for all preference shares in Unilever N.V. we are also taking important steps to simplify our capital structure and improve corporate governance.”...
...The lead arrangers on the RCF signed this week were ABN AMRO, Crédit Agricole, Credit Suisse, DBS Bank Ltd, ING Bank N.V., Natixis, Rabobank, Société Générale, UBS and UniCredit....
...Drop us a line at whitehouse@ft.com and we’ll do our best to answer them in an upcoming dispatch....
...(NBC) Numbers of the day $49.6m v $29.9m The amount the Clinton and Trump camps spent, respectively, in August – yet the race remains tight....
...The in-line Chinese data today provided some respite for the commodity-exposed currencies, which had fallen sharply on Monday....
...The labour market remains buoyant, employment levels may be little changed and the price of houses will continue to rise modestly by zero n to 3 per cent....
...Detractors pointed to a public image that was subject to the same curation as her product lines....
...From the steps, we can see the skinny 50ft-tall palm trees that line the nearby streets swaying gently in the breeze and stretching into the distance....
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