Hints and tips:
...On an interest-only deal, that would fall to £917 a month, according to broker L&C Mortgages....
...By forcing inherently uncertain long-term pension promises to become — at least notionally — certain, huge damage has been inflicted on UK capital markets and done to the country’s corporate sector....
...“There wasn’t really any access to long-term scale-up capital in the UK ecosystem,” he recalls....
...Whether markets have the stomach for another complicated and long-dated restructuring plan is the bigger question, to which the answer is probably no. 7....
...She tried to let the debt pledge flex, with disastrous consequences for her premiership and quite possibly the long-term prospects of the Conservative party as a whole....
...David Hollingworth, associate director at broker L&C Mortgages, notes that several lenders have increased their stress rates this month, and expects others to follow....
...And so, yeah, in terms of content, I mean, learning what it means to recession-proof your investments and really understanding that investing is a long-term strategy....
...L’état, c’est moi’ The personalisation of postwar French politics can be traced back to the domineering de Gaulle, who oversaw the creation of the system that has endowed the president with substantial...
...The term “blue wall” was coined in April last year by Steve Akehurst, an independent campaign strategist with a background in housing policy....
...“It was there, over many summer holidays, that I began to understand that the way Karl created his homes was like the way he wanted us to feel around him,” says Lady Amanda Harlech, his long-term muse and...
...And I think there's also probably, there was a lot of long term planning, but also a lot of short term opportunism that likely went into that....
...However, these contradictions were unlikely to damage the movement in the long term, warned Mr Carusone....
...We would note that given Freenet has a long-term leverage target of c.3.5x Net debt/EBITDA, the transaction as currently proposed could support upside to shareholder returns....
...As a reference point, a USD10/bbl move in our long term oil prices impacts our fair value on Shell by c. USD35bn....
...plan which includes a 30% headcount reduction and plans to shrink/close underperforming bases....
...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....
...Apart from negative l-f-l rental and value growth, we assume recapitalizations to an LTV of c.35% by 2021 lowering the EPS and NAV by c.49% and c.61%....
...The same could be argued of the other two non-executives, Edward Koopman of Sofina and Iain McDonald of Belerion Capital, given their firms are both long-term investors....
...However, at c.12x CY21e lease adj. EV/EBITDAR, the valuation looks fairly full for a UK-only retailer and we see potential for some profit taking short term....
...According to Bloomberg, consensus is currently forecasting PBT of c£185m (giving EPS of c6.9p) in FY 2020/21 and c.£340m (12.7p) in FY 2021/22....
...Longer-term market outlook: Continue to expect an infra bill in the US; Europe already has certainty on its recovery plan post COVID....
...Potential to accelerate the transformation plan is a positive. We expect C&H to benefit from the re-opening of stores in the UK....
...of P&L and net debt....
...Here’s SocGen: In August, EZJ plans to fly 155 of its 335 aircraft, and to serve 75% of its network, but at significantly lower frequencies (c.30% of the normal flight programme)....
...With this announcement, BP has not provided an update on the disposal plan - i.e., whether or not it will increase the target now that it has completed (in terms of announcement) the $15bn disposal plan,...
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