Hints and tips:
...Since 1964, Berkshire shares have returned 4.4mn per cent, far outstripping the 31,233 per cent gain by the benchmark S&P 500....
...Additional reporting by George Russell in Hong Kong and Harriet Clarfelt in New York Letter in response to this article: It’s no surprise that ESG investment ratings unravel / From J Richard Finlay, Founder...
...By contrast J&J, which gets 84 per cent of its revenue from pharma and medical device sales, trades at about 18 times. J&J would keep at least 80.1 per cent of the voting shares after the spin-off....
...Contentious votes are due at three other S&P 500 companies before the end of this month....
...(Patrick Temple-West) Record year for climate pressure on Japan Inc It has been a historic year for environmental activism at Japan Inc....
...After more than 200 basis points (bps) of year-to-date spread widening, the yield on the J.P. Morgan Corporate Emerging Markets Bond Index (CEMBI) Broad Diversified High Yield Index is now 10.3%....
...$41.1m, according to S&P Capital IQ....
...Merck sold its consumer products division to P&G in 2018. A year later GSK and Pfizer formed a joint venture from their consumer products divisions, which they plan to spin off next year....
...Berkshire shares, by contrast, have rallied 18 per cent this year, far outpacing the S&P 500. In 2021, they gained nearly 30 per cent....
...Cox Chairman & Chief Executive, Matson Inc Thomas B Crowley Owner & Chief Executive, Crowley Maritime Eli Glickman President & Chief Executive, ZIM Integrated Shipping Services Eric Hsieh Chief Executive...
...US stock futures recovered some of their earlier losses following the update, leaving S&P 500 futures down 0.9 per cent....
...Its borrowings are rated “highly speculative” by S&P. However, EG is not bidding for Asda. The Issas are the bidders, with long-term private-equity backer TDR....
...Similar fights between private equity firms and hedge fund creditors have played out at companies such as J Crew and Neiman Marcus....
...Shares were boosted in early New York trading by almost 4 per cent to $145.42 on the news, exceeding the rise in the S&P 500.For the three months to March 31, the company reported adjusted earnings per share...
...In retail, it is hard to imagine that many big brands won’t follow J Crew into bankruptcy....
...J Stern manages money for the Stern family, which has held Berkshire shares for decades, as well other investors....
...Macy’s balance sheet has long been in better shape than more distressed rivals, although the department store chain lost its investment grade rating from S&P Global last month and was cut further into junk...
...Like-for-like sales at the company have declined in 11 of the past 16 quarters, according to S&P Capital IQ data....
...Deleverage was sizeable, with net debt falling to £1.2bn (inc deeply subordinated bonds, pre IFRS16), or down £343m YoY....
...Rothschild, Barclays and J.P. Morgan advised Covéa, with Bredin Prat and Debevoise & Plimpton acting as legal advisers....
...That decline is far less than the wider S&P 500 pharmaceuticals index, which is down 28 per cent. Mr Younger says reputation is divided into capability and character....
...At Thursday’s close, J&J was the seventh-biggest company in the S&P 500, with a market cap of $396bn....
...Shares in J&J rose 2.6 per cent to $140.06 in early trading in New York on Tuesday....
...Should FTSE Russell and J.P. Morgan, who manage the other two relevant indices, follow suit, HSBC's Andre de Silva, Pin Ru Tan and Zoe Fang see $297bn potentially flowing into Chinese bonds....
...For both Barclays and J.P....
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