Hints and tips:
...“Companies view audit fees as a compliance cost, rather than a value-add,” said Jeffrey Johanns, a former Big Four audit partner who teaches accounting at the University of Texas at Austin....
...More than half of Thames Water’s debt is index-linked, according to rating agency S&P, burdening it with higher interest repayments as inflation soared over the past 18 months.The utility may also face large...
...Economic data: S&P Global publishes US services purchasing managers’ indices and we also get November jobless claims from private sector payroll services provider ADP....
...Jeffrey Roach, chief economist for LPL Financial, described Powell as “inching toward the dovish camp.”...
...Although interest rate pressures have reduced slightly in recent months, rating agency S&P has a negative outlook or credit watch on three-quarters of water company ratings....
...In contrast, the S&P 500’s price-to-book ratio is close to the record 5 times it touched in 2021 and 2000 (the Nasdaq’s P/B ratio is close to 7.5 times)....
...The S&P 500 and the Nasdaq Composite both fell about 1.5 per cent. Investors are worried about higher for longer interest rates. But sterling got the strongest punch to the gut....
...Jeffrey Gundlach, one of the biggest names in the bond world, is feeling sorry for “poor” stock investors....
...In November, credit agency S&P Global revised its outlook on Yorkshire Water’s debt to negative because of “operating and financing cost pressure”. DWS and GIC declined to comment....
...Ghislaine Maxwell: An appeals court will hear oral arguments in Ghislaine Maxwell’s appeal of her December 2021 conviction and 20-year prison sentence for helping the disgraced late financier Jeffrey Epstein...
...S&P, the rating agency, has negative outlooks for two-thirds of the UK water companies it rates — indicating the possibility of downgrades as the result of weaker financial resilience....
...Also, William Shakespeare’s birthday celebrated Wednesday North Macedonia: presidential election first round UK: former Democratic Unionist party leader Sir Jeffrey Donaldson appears in court in Newry...
...The S&P 500 experienced its sharpest decline since the middle of February and US government bonds also rose as investors sought safe-haven assets....
...“I like to call it the Rip van Winkle effect,” said Jeffrey Sherman, co-chief investment officer at $90bn bond investment house DoubleLine — a recognition that if you had somehow slept through 2023 in its...
...I think it’s fair for markets to latch on to that subtlety,” said Jeffrey Roach, chief economist for LPL Financial....
...Frank Gill, sovereign specialist for Europe, Middle East and Africa at S&P Global Ratings, said he expected European countries to step up their issuance of bonds targeted at retail investors....
...The S&P 500 is up more than a third since the start of 2021 and hit record highs this year. Unemployment is near record lows....
...Then there is the role JPMorgan Chase played in enabling convicted sex trafficker Jeffrey Epstein....
...It chronicles the downfall of billionaire Leon Black, the most feared man on Wall Street and a longtime friend of Jeffrey Epstein....
...former Soviet Union 1997-2001 Amb Richard MorningstarFounding Chairman, Atlantic Council’s Global Energy Center, US Ambassador to Azerbaijan 2012-14 and US Ambassador to the European Union 1999-2001 Amb P...
...Thames’ debt to regulatory capital value ratio – at 80 per cent — is already the highest in the sector and a concern to regulator Ofwat and S&P, the rating agency....
...Wall Street’s benchmark S&P 500 swung between gains and losses, ultimately finishing flat....
...Stephen and Gill, thank you for joining me. Gill, first of all, you are acknowledged sewage dump expert....
...Yet the water industry is where its report card has been marked, the FT’s Gill Plimmer and Nic Fildes report in this deep-dive into the company’s history....
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