Hints and tips:
...Most other white first moves fail to Rh6+-h8 or Rf1+-b1 stopping White’s b pawn. Chess: 2287 (a) e3 (b) h1 (c) a8 and mate by 1 Qc8 (d) g7....
...He is co-chief investment officer of JPMorgan Asset Management and leads JPAM’s fixed-income business, with final responsibility for both operations and investment performance....
...With our emphasis: B. An order of permanent injunction prohibiting Defendants and any other person or entity associated with them, from engaging in conduct described above . . . C....
...The new company, later named Apollo Global Management, after the sun god, was led by Black and five other former Drexel executives....
...Black British Artist Grant, an annual programme giving a leg up to figures within the arts and addressing diversity and visibility across the creative sector. a-cold-wall.com; community.samuel-ross.com B...
...Without giving details, Tuhin Kanta Pandey, secretary of the department of investment and public asset management (DIPAM), tweeted on June 20 that he had received “multiple” expressions of interest for the...
...C Coaching After Wimbledon, the men’s tour will trial allowing coaching during matches....
...As monetary policy works with a lag, and since there is now clear evidence of a) recession and b) that headline inflation has peaked, further hikes on a risk-management basis would be misguided....
...“Americans aren’t coming over [to Europe] to do B and C financing,” she said, adding that OMERS Ventures had seen “less competition” from US-based funds over the past few months....
...Our order of preference for H2 is: Tele2 (OW, SEK163 PT), Telia (N, SEK35), Telenor (N, NOK173) and Elisa (UW, €51). Tele2: set up for a beat in 2H20 and a strong rebound in 2021....
...at the ‘C-suite’....
...Jupiter is trading on FY21 PE of c10.5x, a c25% discount to the European asset management sector, whilst Jupiter over the past 5 years has traded in-line with sector....
...Just 30% expect a V shaped recovery in the stock market....
...to raise c€2.75bn....
...Acquired assets are expected to be c. $20m....
...Our 2% TP cut reflects management’s c.6.5% capex/sales budget going forward (SGe previously c.6%)....
...We think it’s largely right that the gaming sector will enjoy a V-shaped recovery as sporting events resume....
...However the shares are up c.30% in the last month and have rerated by c.15pp compared to our FY22 PBT estimate....
...While fundamentally we appreciate management’s strategy and TUI’s diversification into asset-heavy in Hotels and Cruises, we consider its limited balance sheet capacity to be a more than near-term constraint...
...We think 2Q20 revenues mark the trough, with particularly weak revenues in Equities and Asset Management. We expect revenues to recover from here....
...We like the fact that management is pragmatic....
...Cost measures limit impact on bottom line: Impact on Adjusted EBITDA from the revenue decline was reduced through variable and discretionary cost management, resulting in an Adjusted EBITDA margin of c.38%...
...We expect organic declines of c.-3% for FY 2020. Both companies saw flat organic growth in March and are benefitting from short-term additional demand, especially in the US (c.30% of sales)....
...However, based on management guidance for FY20/21 EBITDA of c.€14.5bn and the consensus net debt estimate of €43.2bn, VOD’s net debt/EBITDA will still be at 3.0x after two years of the three-year guidance...
...LLOY is continuing to target a CET1 capital ratio of c.12.5% plus a management buffer of c.1% - this looks light and will drive many questions....
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