Hints and tips:
...That’s the name of the product, not the PLC....
...Here’s Investec (sell) to summarise: [L]ockdowns are impacting consumption in North America (c. 30% of sales), Europe (c. 20% of sales), India (c. 10% of sales), Africa (12% of sales) and many countries...
...On average, we assume organic revenue growth of -17% YoY in Europe in 2020 and -11% in North America....
...North America is a good hedge and it keeps prices low by having many competitors.”...
...Other companies to benefit included Digital Ally, which also supplies police body-worn cameras, with a share price rise of 10 per cent, and Image Sensing Systems, which develops image processing products...
...Market sentiment had been better in earlier trading following a rebound on Wall Street. The S&P 500 rose 0.7 per cent, helped by some encouraging earnings reports, after losing 2.7 per cent last week....
...Retailers shined on the benchmark S&P 500, as L Brands and Costco reported a jump in same-store sales in January....
...(Statement) “Microsoft is preparing to reverse course over key elements of its Windows 8 operating system, marking one of the most prominent admissions of failure for a new mass-market consumer product...
...Strikes by petroleum, chemical, engineering and packaging workers curbed factory production and interrupted supplies from refineries owned by Sasol Ltd., Royal Dutch Shell Plc and BP Plc this month, causing...
...America’s dysfunctional politics is starting to infect the markets....
...Electric power blackouts in North America—such as the one that shut down the northeast of the United States in 2003—and in Europe and Russia, generate worries about the reliability of electricity supply...
...The S&P 500 index is expected to rise 0.5 per cent, as priced by futures contracts....
...Financials were buoyed in early trading but fell back as investors took some profits from the banks’ recent good run....
...Japanese 10-year yields were at seven-year lows, down 1 bp to 0.92 per cent....
...Elsewhere in the banking sector, Bradford & Bingley gained 5.3 per cent to 190½p as traders took the view that it could end up merging with A&L....
...Bank of America shares were up 0.4 per cent at $51.83 after S&P reiterated its “strong buy” recommendation on the stock, citing a target price of $63....
...The S&P 500 rose 1.1 per cent to stand within a whisker of its lifetime high recorded in 2000....
...Given a lack of defaults, the instruments should perform fine if one can survive the P&L volatility of the tranches....
...Elsewhere, BP lost 1.5 per cent to 664½p ahead of a trading update on Wednesday as crude prices fell back. The FTSE 100 closed 19.8 points, or 0.3 per cent, lower at 6,004.7....
...Miners also fell, with BHP Billiton off 1.9 per cent to 876½p after it said aluminium supply would remain tight this year....
...BG Group gained 1.5 per cent to 455¾p, BP firmed 0.7 per cent to 590½p and Shell added 0.6 per cent to 519¾p....
...THE WORLD IS FLAT by Thomas L....
...Symphony Plastic Technologies rose 17.9 per cent to 19.75p as the degradable plastics company announced an exclusive North American supply agreement with Degradable Plastic Products....
...L&G fell 3 per cent to 114p while Aviva dropped 1.9 per cent to 630½p....
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