Hints and tips:
...This includes the elimination of two inter-company business lines, new direct reporting from the LOBs to the C-suite for the first time ever, and collapsing of management layers from a remarkably high 13...
...I think a lot of people were anticipating a V-shaped recovery . . . People are now waking up the realisation that volatility is going to be normal going forward.”...
...A version of this article was first published by Nikkei Asia on July 19. ©2022 Nikkei Inc. All rights reserved....
...To bring emerging markets along, there needs to be better collaboration, said Kay Hope at Bank of America. Investors and underwriters need to work with development banks....
...Let us know what you think at imani.moise@ft.com and sid.v@ft.com. A programming note: FintechFT will take a one-week break in observance of the Easter holiday. The next issue will be April 25....
...‘Perfect scenario’ Those look like V-shaped projections, Andrew Glenn thought to himself....
...“This is not going to be a V-shaped recovery, at best, this is going to be a U-shaped.”...
...If there is a sense from this earnings season that confidence in a V-shaped recovery for profits is misplaced, then the impact will probably be hardest on companies with weak balance sheets, and on those...
...In short: it is not clear what levers there are left to pull for management teams to get their businesses out of the red....
...Today, 38 years later, having morphed into JPMorgan Asset Management UK Limited Multi-Manager Growth C Inc. Units, and with dividends reinvested, each holding is now worth £36,500....
...Uber shares traded higher after hours on Thursday after the ride-hailing company promised profitability in the final quarter of this year, officials in London and Washington told the FT that Donald Trump...
...Going forward, the federal government has ordered that only Euro-V standard fuels can be imported. Elsewhere, banks have announced policies to end financing for coal-powered plants....
...Passive fund management is a big success built on a big fallacy. The late Jack Bogle’s sales pitch encapsulates it: “Don’t look for the needle in the haystack. Just buy the haystack.”...
...An “alternative data” company called Quandl which tracks the flight details of private jets had quickly alerted its clients — mostly hedge funds — of the Gulfstream V’s unexpected visit and the potential...
...Orrick has hired Latham & Watkins’ leveraged finance adviser Anthony Kay as a partner in London....
...An example of this is DiaSorin, an Italian healthcare company. Following a management buyout in 2000, the current stewards took control....
...RBC doesn’t like JD Sports: JD Sports has a strong track record and management team....
...Xerox wants to give HP’s board its walking papers We’re all guilty of overusing the David v Goliath trope but in the case of Xerox and HP, it really does apply....
...WPP will also reduce is planned capex from £400m to v£300m....
...Mr Lorenzo was promoting a debenture offering in Waste2Energy Holdings Inc — a now-bankrupt company which was claiming it had technology that converted waste into clean energy....
...Is Lockheed Martin a ‘bad’ company because it makes weapons that kill, or a ‘good’ company because it makes missile defence systems?...
...DD’s Indap v NYU’s Damodaran: Is stock compensation good or bad?...
...The FT reported earlier this week that the bank’s asset management arm is in serious talks to merge with that of UBS, which would create a new European champion in the investment industry....
...Mr Gueikian, a performer in several rock and heavy metal bands, founded Melody Capital Partners, an alternative asset manager with $1.5bn under management....
...John Kay is an FT contributing editor. johnkay@johnkay.com...
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