Hints and tips:
...“Idiosyncratic sounds like idiotic — and Silicon Valley was that,” says Lawrence J White, a finance professor at New York University who formerly worked in government during the savings and loan crisis....
...J E Woods Kingswood, Surrey, UK...
...Letter in response to this column: Central banker chattiness is a flawed PR strategy / From Alex J Pollock, Senior Fellow, Mises Institute, Auburn, AL, US...
...Patrick J Allen River Forest, IL, US...
...The proportion is even higher at large operators such as Tesco and J Sainsbury....
...martin.wolf@ft.com Follow Martin Wolf with myFT Letters in response to this column: Friedman set a standard for judging management / From Patrick J Allen, River Forest, IL, US It’s time to change the...
...But in normal times, they are among the country’s biggest payers — Colliers estimates that the Big Four grocers alone pay close to £2bn each year....
...But we know of one celebrity to grace Frieze New York’s online Viewing Room with her presence next week: Mary J Blige....
...Sally Beauty has a more defensive business model than many (J Crew does not sell personal protective equipment). Yet it is not immune to Covid-19. All its stores closed for a month....
...Neiman Marcus, J Crew, Lord & Taylor, Brooks Brothers and JC Penney all filed for bankruptcy this year....
...● Barclays upgraded J Sainsbury to “overweight” from “equal weight” with an unchanged 250p target price....
...There were 44 supermarket deals worth just over £1bn in 2018, says Colliers International. Since mid-2017, asset values have started to pick up, according to MSCI data....
...Lynch; J Sainsbury raised to “neutral” at Goldman; Spirax cut to “hold” at Peel Hunt; Surface Transforms raised to “buy” at Cantor; Wartsila cut to “hold” at HSBC....
...Sellside stories ● UBS upgraded J Sainsbury from “neutral” to “buy” with a 240p-a-share price target....
...Merrill Lynch says that if Chinese tourism alone were to fall by 50 per cent, it would cost the US industry $18bn. Already, top real estate markets in the US have felt the pain....
...Merrill Lynch also set a £42 target price on Whitbread and downgraded it to “underperform” from “neutral....
...This is a colourful interview/profile with the Man of Steel, just don’t say the j-word....
...UK supermarket chain J Sainsbury’s planned £7.3bn takeover of its Walmart-owned rival, Asda, was blocked, while a proposed tie-up of the train manufacturing arms of Germany’s Siemens and France’s Alstom...
...Tesco was the best performer among the big four with 1.7 per cent sales growth, while J Sainsbury was the laggard with sales down 1.2 per cent....
...Wednesday 15:00 BST What’s happening ● A relief rally lifted J Sainsbury to the top of the FTSE 100 gainers....
...Tesco sales fell 0.6 per cent on a slightly improved market share, while J Sainsbury’s sales fell 0.2 per cent with a 5 basis point share gain....
...An investor group has called for Uber to remove John Thain, the former Merrill Lynch chief executive, from its board ahead of its initial public offering in New York....
...Sainsbury cut to “neutral” at Merrill Lynch; Saab raised to “buy” at Jefferies; Smart Metering rated new “buy” at Liberum; Swatch upgraded to “equal-weight” at Morgan Stanley; Victrex cut to “neutral” at...
...● Merrill Lynch upgraded Intel to “buy” from “neutral” with a $60 price target....
...Retailers including Co-op, Tesco and J Sainsbury have won a legal ruling on whether they should be liable for business rates on ATMs located on their premises, in a decision that could save thousands of...
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