Hints and tips:
...Jefferies analysts said the update was “particularly reassuring”, highlighting a Solvency II ratio — a measure of the company’s regulatory capital against the minimum required under the rules — estimated...
...Jefferies illustrates: Simple, right? Well, yes and no. The first challenge is getting a handle on the scale of the problem....
...However, if those dividends are expected to be paid in the future, they may not count as eligible capital for Solvency II ratios....
...Jefferies European Economics team recently slashed their GDP numbers with all the regions coming in at the same rate of decline....
...We estimate Aviva’s Group Solvency II ratio stood at 180% at 1Q20 (on a shareholder basis)....
...Speaking of rights issues, InterContinental Hotels gets a downgrade from Jefferies as part of a big lodging sector note....
...As Jefferies says: “Debate today is whether BT’s decision reflects confidence in outcome of Ofcom fibre negotiations or whether it has conceded leverage before remaining issues resolved....
...Table 1 starts with RR’s u/l EBITA in 2022E and then deducts the utilisation of cash provisions, the excess of investment over D&A, then interest and tax....
...Today we’re testing positive for MIFID II violations. What follows is little more than a comprehensive bundling of sellside research....
...And here’s Jefferies: Pernod’s COVID cut enough? China accounts for c.10% of profits, including travel retail we estimate mid-teens of profits....
...The quarterly declines in GDP growth we anticipate substantially exceed anything previously recorded going back to at least World War II....
...The tragic loss of Bart Simpson in 2013 ended that cup attempt SoftBank Team Japan skippered by Dean Barker....
...L&G confirmed that it was considering lending and said it was “exploring all opportunities in the market” but had not yet made any loans....
...The committee on capital markets regulation, chaired by Glenn Hubbard, dean of Columbia Business School and a former economic adviser to President George W....
...No sooner had he published Arden II than Arden III went into production....
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