Hints and tips:
...Financial Times reporters consider this and other trends affecting businesses from defence contractors to energy majors, luxury and private equity....
...“P&O provides a case study of how not to do it,” Marmot added....
...With top-line beat flowing through the P&L, core op. profit was +8% vs cons and core EPS +12%. ¾ of the EBIT beat seems inventory related. Q: What were the most noteworthy areas in the results?...
...If you are looking to predict the shape of the US economic recovery — be it V, W, L or even K — don’t look at the markets....
...The other, a careful, regulation-respecting, expense-cutting business that abandons cities where the return on investment is too low, going over "every single P&L item" in a bid to trim losses....
...RB's unmatched P&L flexibility is paving the way for fast improving market share momentum, notably in the 20% of its cells that have been persistent underperformers. ... and for Unilever, a €43/£40 target...
...Stress testing balance sheets for GFC falls in EBITDA As we move into recession mode, incoming questions from investors have switched from a focus on the P&L to the balance sheet....
...S&P 500 futures triggered the limit-down circuit breakers at about 5am GMT, the index having bounced 6 per cent in the regular session....
...And with value likely to outperform both in the mild and severe scenarios, AXA is the pick among the multilines, L&G’s favoured in life, plus Prudential....
...What happens further down the P&L is largely a question of capital structure, but it appears most will be either loss-making or make only marginal PBT....
...The bulls will point to a P/B below 1, FY21e EV/EBITDA of 4x and EFCF Yield of 8% as evidence of clear value....
...Results from L&G, TT Electronics and Elementis. ... Hostelworld and Wizz Air both give light warnings due to the obvious. ... Malarkey Tuesday. ......
...Company commentary supports our view of limited direct impact to P&C : Hannover Re: noted a potential €200m loss across P&C and L&H; Munich Re: noted a €500m loss should all the events it covers for communicable...
...Unfortunately, someone else interrupted the light rays more profoundly: just before she was set to remove the paper, a LACMA contractor lifted the camera’s ceiling, inadvertently spoiling the photograph....
...The experts are “Amazon employees, not contractors”, Amazon notes on its website....
...For government contractors, what better opportunity is there to bury bad news that Budget day? For G4S, however, most of the bad news has already been all too public....
...US defence contractor L-3 Communications led the declines on the benchmark S&P 500 after the company said it was conducting an investigation into alleged misconduct that led to overstatements of sales and...
...The FTSE Eurofirst 300 is down 0.4 per cent, not helped by US index futures indicating the S&P 500 will be flat at 1,920 when Wall Street opens later in the day....
...Revving up There is nothing like revenue recognition – the booking of income on the P&L – to get creative accountants’ juices flowing, writes Kate Burgess....
...There appears to have been no tear-stained Kweku Adoboli inventing killer trades to rescue his deteriorating P&L. Numbers create reality in finance....
...Delays to approval of the Keystone XL pipeline project hurt Quanta Services , the infrastructure contractor that had been trading at a premium after announcing it had been awarded a large contract for work...
...Infrastructure contractor Quanta Services was up 11.6 per cent to $22.14 after it said one of its units would be part of a venture that would build Transcanada’s Keystone XL Pipeline....
...The accounting principles used for both the balance sheets and P&L accounts render them almost meaningless and that’s before taking account of OTC derivatives exposure and counterparty risk which can scarcely...
...The S&P industrial index was down 0.6 per cent, although these losses were pared somewhat by L-3 Communications , which spiked 4.6 per cent to $86.21 after reports that investors were pushing the defence...
...Nomura raised its target price on L&G to 171p, helping the stock climb by 3.3 per cent to 122¾p....
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