Hints and tips:
...P&G reported net sales of $21.9bn in the three months ended September 30, a 6 per cent increase from a year earlier and beating analysts’ expectations for $21.6bn....
...P&G has increased prices across all of its main divisions in the three months to the end of June....
...Berkshire bulls might object that the company has delivered slightly better performance than the S&P since 2019: 15.7 per cent annually to the S&P’s 14.1....
...He has made it his mission to significantly reduce the proportion of companies with languishing P/B ratios, to bring the TSE to levels closer to those in the US (5 per cent of S&P 500 companies) and Europe...
...Payments company Visa, for example, had received a two for “E” and “S” and a three for “G”....
...Guerlain Rouge G Fantasy Bee Prestige gift set, £800Maison Guerlain has invited Turkish jeweller Begüm Khan to reinterpret the house’s emblem, the imperial bee....
...UK companies news will be peppered with trading updates, notably supermarket chains Marks and Spencer, J Sainsbury and Tesco, discount retailer B&M and Greggs, purveyor of hot pastry snacks such as the vegan...
...At Home was probably the most high profile example — see the posts from Max Frumes, law firm King & Spalding, and Reorg Research — but it isn’t the only company that’s let new lenders “double dip” this year...
...Tim Moore of survey organisers S&P Global said construction companies were “increasingly optimistic that the worst could be behind them soon as recession risks fade and interest rate cuts appear close on...
...Ethan WuAnd just to put a finer point on it, the point here is it’s not enough to just look at headline p/e for the UK, headline p/e for the US and say, well, golly, there’s a huge discount here....
...Online-only competitors can sell at cheaper prices than a company with a large retail estate....
...This year, the effective rate of interest on corporate debt jumped to the highest since 2012 for the smallest half of companies in the S&P 1500 (also from M&G, citing SocGen)....
...As a result, financially squeezed consumers bought fewer items from P&G and the company’s sales volumes dropped 3 per cent in the three months to the end of March....
...Both Unilever and P&G raised prices on average approximately 10 per cent last quarter....
...Apply P&G’s trailing multiple and the business could be worth as much as $49bn. That would be a stretch. The US equity capital markets are in a deep freeze....
...Major oil companies often stop using tankers after 15 years of wear and tear....
...JPMorgan Chase strategists noted there was persistent demand for the company’s vastly cheaper B shares, which currently trade at $357, and for its $543,680 class A stock, traditionally a quieter market....
...The company behind Oral-B toothpaste raised its revenues forecasts for the year to the end of June and now expects annual sales to increase on an organic basis by 6 per cent compared with a previous range...
...“The whole merger with RTL was a mess that was never thought through,” said a senior former member of the G+J editorial staff. Alarm about the job losses has rippled out beyond the company itself....
...Across weaker companies and weaker properties, capital structures and valuations need updating, but not every B-grade office building is facing the bulldozer....
...Chart from S&P Global, through September: Part of the reason for this is that companies are making money....
...Key economic and company reports Here is a more complete list of what to expect in terms of company reports and economic data this week....
...As the TSE’s chief executive, Hiromi Yamaji, told Nikkei Asia earlier this year: “Instead of taking the rigid approach of saying those with P/B ratios below 1 have failed, it makes more sense to urge every...
...The main index in the US is the S&P 500. You can buy funds that contain all 100 companies in the Footsie for example, or 500 companies in the S&P....
...Those that have complied tend to be the weakest companies, with p/b ratios below 0.5; many stronger companies apparently feel like they can get away with it....
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