Hints and tips:
...Andrew Garthwaite et al at Credit Suisse has had a fiddle about with the model portfolio, resulting in insurers getting a push....
...There’s not much precedent to support the idea that Shina et al can walk away based on a MAC clause: WPP was forced against its will to buy Tempus in 2001, Guy Hands couldn’t scrap a bid for East Surrey...
...And, as lockdown measures are softened, the return of the likes of Gregg's, Starbucks et al to the UK FtG market will increase competition....
...No surprise to see GMO et al flag up “impact on third parties” from the start....
...So it’s not surprising that the first response from Buchheit et al is to answer back with bits of the bond contract that suggest sneaky loopholes instead....
...Masterpieces of Chinese Painting: 700-1900, edited by Zhang Hongxing, V&A Publishing, RRP£40/$60 The world’s oldest painting tradition explored in the glorious catalogue to the V&A’s current, once-in-a-lifetime...
...Bernanke bought bonds in 2009 and yields still backed up because of a V-shaped inventory- and policy-induced recovery in the economy and an 80% bounce in the equity market off the lows....
...Related Links: Bull market Britain – FT Alphaville Signs of recovery in China’s workshops raise fears for Asian industry and prices – The Times Checking the markets - CNBC Market sentiment: Faber et al...
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