Hints and tips:
...Again, the inspiration came from New York — the famous 92nd Street Y — coupled with Duffield’s evident love of building. Is it what she envisaged it to be?...
...A former air-balloon factory on the outskirts of Paris, Hangar Y, is an art centre with a 25-acre sculpture park....
...But I think overall I probably, I have to say that was quite average-y, a bit of a six-and-a-half out of 10 for me. Like, a lot to like, lots to enjoy. I laughed out loud a lot....
...Apply that system to February 2024, UK inflation stats for which will drop next week, and you get: (4pp [Jan 2024 y-o-y rate] – 1.1pp [February 2023 m-o-m rate]) + ???...
...Alexander Jan, an economist and adviser to rail schemes, said the project is casting an “ever greater shadow over public expenditure”....
...Jan Dalley is the FT’s Arts editor. Jo Ellison is away Find out about our latest stories first — follow @ftweekend on Twitter...
...the almost $10tn ETFs industry’s true progenitor is unquestionably the SPDR S&P 500 ETF Trust, which was born with $6.5mn of seed money three decades ago today (and first started trading a week later, on Jan...
...The German authorities eventually prosecute two men in connection with the attack, who had not disclosed positions in Wirecard stock. 2010 Jan Marsalek, a young protégé of Markus Braun and a fellow Austrian...
...Indeed, the latest US Census data suggest the $110bn list saw another decline of -28%y/y in January....
...After +9% y/y rental revenue growth in the quarter ending Jan-20, Ashtead saw growth slow to +2% in March, and it expects April to be -15% y/y....
...Margins were flat y/y for FY’20 overall, implying H2 +50bps y/y. Cash conversion was solid at c88%, leaving Net Debt/EBITDA at 2.2x. Q: Has the company’s outlook/guidance changed?...
...Combined, these factors should slow consumption growth from 2.7% y/y in Q4 2019 to 2.0% y/y in Q4 2020 — the slowest pace in seven years — as real disposable income growth slides from 2.6% to 1.6% y/y.”...
...Balfour Beatty had £452m of net cash and £375m of undrawn facilities as at 27 May, and avg month-end net cash Jan-Apr was £464m....
...Here’s UBS: [T]he company expects “further good progress in the year”, signalling earnings growth (consensus EBITA at c£680m, up 8% y-o-y)....
...We forecast a 75% y/y decline in revenue in H2 20 (85% in April-August) with a 44% drop-through to profits....
...Global recession in 2020 is now our base case: We expect 2020 global growth to dip to 0.9%Y, the lowest since the global financial crisis, when global growth bottomed at -0.5%Y in 2009....
...Starchy governess Doña Antonia de Ipenarrieta y Galdos and judge Don Diego del Corra y Arellano are busy positioning themselves at Madrid’s court in 1634; meanwhile, bourgeois newlyweds Marten Soolmans and...
...(Jan -1%, Feb +8%, March flat). ITV Studios total revenue was £342m (MSe £330m)....
...Surprising strength was seen in Networks (+12% y/y) driven by a "surge" of 400G high speed ethernet orders in 4Q and ongoing momentum in 'Positioning'....
...At first glance, we expect only minor adjustments to consensus 2020 EBITDA estimates (currently down 5% y-o-y) while cash flow estimates are likely to move up somewhat....
...Overall, we assume that in developed markets, namely North America and Western Europe, volumes decline by 20% y/y in 2020....
...Hence, current liquidity of ~€3bn seems sufficient for the rest of FY20 (Sept y/e) but insufficient for the next 12 months when we see a ~€4bn liquidity need....
...NG's d/y (JEFe 5.6%) is above its historic average. Scenario analysis suggests credit concerns are overdone....
...Jan Eeckhout: Unchanged.Ideally it is needed as soon as possible....
...I just got back from the Model Y event....
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