Hints and tips:
...Today, food provides twice the sales, according to data from S&P Capital....
...The company is set to make nearly $1.8bn in operating revenue this year, according to S&P Global estimates....
...The UAE connection While Portuguese authorities have not fully detailed the allegations against Pereira, rating agency S&P this week wrote that it understood Altice’s suppliers “may have been forced to...
...CNN already sells ads at higher rates per viewer than Fox News or MSNBC, according to S&P Global Market Intelligence. Licht is betting on his editorial strategy reinforcing that advantage....
...Failure to gain scale As a young entrepreneur in France in the early 1990s, Drahi set up a business laying cable lines for TV and flipped his company in Paris to John Malone, the US media mogul he reveres...
...Trian used a $3.5bn stake in P&G to successfully lobby for Peltz’s appointment to the board, where he pushed for reorganisation designed to cut through what he called the company’s “suffocating bureaucracy...
...Any deal could help Liberty cut its high debt load, which has earned it a junk credit rating from S&P Global....
...Mr Diller, 78, launched the Fox television network for Rupert Murdoch and had a long if occasionally tortuous business relationship with John Malone’s Liberty Media cable empire, before focusing most of...
...One dollar invested with the company 20 years ago would be worth $1.19 today, the fund claimed, compared with $4.06 invested in the S&P 500 and $4.37 in the S&P 500 Consumer Staples index....
...Sturm Ruger outperformed the S&P 500 by roughly 700 per cent over the past ten years....
...(Quartz) The upper crust The median pay for a chief executive of an S&P 500 company in 2017: $12.1m. Most received raises of nearly 10 per cent or more last year....
...Estée Lauder’s shares have outperformed the S&P 500 Personal Products index by 300 per cent and French rival L’Oréal by 165 per cent over the same period....
...Revenues rose 7.6 per cent to $7bn, ahead of the $6.8bn analysts were expecting, according to S&P Global Market Intelligence....
...(Read our 2015 piece on Altice’s playbook and how Drahi’s strategy relies heavily on the methods of billionaire cable cowboy John Malone). Now what?...
...In the second, the FT reveals that the royal court is negotiating deals with princes to secure their release (FT, FT) News Roundup P&G deadlock in board seat battle with Peltz (FT) Rockwell shares pop...
...Altice and SoftBank are both junk debt rated, according to S&P Global, meaning that financing a deal would be on the expensive side....
...“In concrete terms, the securities were pledged for a subsidiary of HNA Group before the acquisition of Swissport was finalised,” S&P said in a note....
...In the US, the S&P 500 finished flat at 2,186, just 4 points below its best close....
...SoftBank then approached John Malone, the billionaire cable cowboy who controls Charter and Liberty Global, and Warren Buffett about a possible investment in Sprint....
...Discovery, whose biggest shareholder is cable billionaire John Malone, has expanded aggressively overseas and now makes about half its revenue from international markets....
...A partial share offer also helped Charter Communications, the John Malone-backed US cable group, lock up a deal to buy Time Warner Cable....
...Like Liberty Global, the US cable group controlled by John Malone and where Mr Drahi began his career, Altice has relied on capital markets to fund its rapid expansion....
...Rumours continue to swirl around Vodafone and Liberty Global, the creation of US “cable cowboy” John Malone....
...John Malone’s Liberty Global has agreed a £5.4bn acquisition of Cable & Wireless Communications to expand its telecoms business in Latin America and the Caribbean....
...The company also said Mr Malone would join its board of directors....
International Edition