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...“It’s heavily skewed towards stuff . . . that’s been downgraded over time from single B.” Triple C issuers listed on Ice BofA’s index include Dish, the TV group that recently merged with EchoStar....
...diversity does not matter much....
...Among the failings on the M&C Saatchi audit, the FRC said KPMG did not apply sufficient professional scepticism over a client payment that increased revenues by £1.2mn....
...the FRC.The disclosure of accounting errors forced M&C Saatchi to adjust its headline profits before tax by £14mn and its statutory pre-tax profits by a total of £28.1mn for 2018 and previous years....
...But a question remained: why did H2O — whose very name was a nod to the importance of liquidity — pour its investors’ money into illiquid assets linked to a racy financier with a criminal past?...
...French nuclear operator EDF has booked a €12.9bn impairment on its delayed Hinkley Point C reactor project in Britain as it negotiates with the UK government over the long-term financing for its planned...
...If this is fundamentally a quality problem, the quality of the Russell 2000 has to improve before its performance does....
...When a company is sold there tends to be a standard playbook: There’s some tough negotiations. Then, the buyer gets a business and the seller gets a check. Everyone’s happy....
...The company’s main creditor Korea Development Bank said on Friday that Taeyoung E&C, a subsidiary of the Taeyoung Group, applied for a debt workout last month with creditors, raising fears of a repeat of...
...“The UK needs nuclear as part of its power generation mix as we move to a system based largely on renewable sources,” said Sir John Armitt, chair of the National Infrastructure Commission....
...For now, C’è Ancora Domani looks set to remain a rallying point for Italy’s unfinished gender revolution....
...The Speaker, John Bercow, is partisan and puffed-up....
...Google has agreed to pay C$100mn a year into a fund to support news organisations in Canada as part of a deal with the government, ending a dispute that led it to threaten to cut links to news from its services...
...“It really does reflect mainly these fears and risks of a recession in Europe relative to a ‘soft landing’ in the US,” said Torsten Sløk, chief economist at investment firm Apollo....
...Canadian insurance group Manulife has announced a C$13bn ($9.6bn) reinsurance deal with KKR’s Global Atlantic, freeing up C$1.2bn of capital that the Toronto-based insurer intends to return to investors...
...I wanted a collection that was decadent but could work in a small flat in London as well as a stately home.”...
...To celebrate, we went to The John F Kennedy Center for the Performing Arts to see a Tchaikovsky production by Ballet West....
...“Don’t expect anyone to say publicly ‘this is the plan’ and A, B and C are now going to happen,” Radakin said....
...reductionist, leaving no room for ordinary, decent small-c conservatives....
...We also lowered our local currency (LC) sovereign credit ratings on Cameroon to ‘CCC+/C’ from ‘B-/B’. The outlook on the LC long-term rating is stable....
...That does not mean not working. You need to work in a different way where you can set up a schedule where you’re not rushed....
...There is an aura of ritual, magic and fantasy around the place, which really does take the DNA of the Campana Brothers and explodes it on a new scale....
...Robert C AustinProfessor, University of TorontoToronto, ON, Canada...
...Instead of the Spanish team and the country celebrating a tremendous achievement, it will now be remembered for this. Sad. C Neil DeCrescenzo Brick, NJ, US...
...But a UK Department for Energy Security and Net Zero spokesperson said on Tuesday: “Hinkley Point C is not a government project and so any additional costs or schedule overruns are the responsibility of...
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