Hints and tips:
...Hence we think share price underperformance of wholesale banks such as DBK (4.7x P/E 2024E), BARC (3.9x P/E 2024E), BNP (6.9x P/E 2024E) as well as by some Money Center Banks is overdone....
...The stunt was to mark the debut 30 years ago of State Street Global Advisors’ S&P 500 Depository Receipt, or SPDR, on January 29 1993....
...L’Oréal, the world’s largest cosmetics maker, anticipates that supply-chain challenges and pandemic-induced inflationary pressures will fade from mid-year....
...“The schools are requesting things like the P&L [profit and loss] of companies they used to work for among other ridiculous things like six months’ bank statements and other personally and commercially confidential...
...JP Morgan -- Jupiter’s corporate broker and joint advisor on its not very popular recent deal to buy Merian -- says to buy Jupiter. “Overweight”, December 2021 target of 300p....
...We do not think that management would have referred to “strong cash conversion” and emphasized delivering if the beat in the P&L were not flowing through well to cashflow, so we believe that the commentary...
...XRT, which tracks S&P’s equal-weighted Retail Select Industry index, is the most heavily shorted of any ETF in the country, according to State Street Global Advisors....
...This year it has returned 0.48 per cent so far, ahead of the S&P 500 — which has lost 0.38 per cent....
...Meanwhile other retailers, such as Victoria’s Secret owner L Brands, have continued to tumble, losing 20 per cent since the start of the year....
...SSGA was an early leader in exchange traded funds and runs the world’s biggest product, the $252bn SPDR S&P 500 ETF Trust....
...On Friday, digital news organisation Axios reported that a top advisor to US President Donald Trump, Gary Cohn, has nixed the possibility that a border-adjustment tax — which would levy a tax on imports,...
...L&G acquired the 75 per cent of Cofunds it did not already own for £131m in 2013....
...The £324,000 of gross profit on its P+L was dwarfed by administrative expenses of £1.1m: According to the administrator’s report, the most that can be salvaged from the company is a sale of property to...
...Meagher & Flom LLP and A & L Goodbody acting as its legal advisors....
...The advisors to Caesars Entertainment and its affiliates included Centerview Partners, Duff & Phelps, Evercore Partners, Lazard Freres & Co., Perella Weinberg Partners L.P., Paul, Weiss, Rifkind, Wharton...
...Australia’s S&P/ASX 200 ended 2.4 per cent higher, while Japan’s Nikkei finished with a 2.6 per cent gain....
...In the US, the S&P 500 recovered from an early bout of uncertainty to finish up 0.6 per cent at another record high....
...In the latter case, European Madoff funds were promoted as Ucits-compliant funds invested in shares included in the S&P 500 that sought to neutralise market risk by making use of option strategies; they...
...: “The man at the center of the most lucrative insider trading case ever brought pleaded not guilty on Thursday, raising the stakes in the government’s investigation of his former employer, SAC Capital Advisors...
...The S&P financials index fell 1.5 per cent, making it the worst performing sector on Thursday....
...Deborah L Weinswig, equity analyst at Citi Investment Research, said: “While the transaction creates some global opportunities, we believe it does not resolve Walgreens’ issues in the US....
...That left the Philadelphia Semiconductor index down 0.9 per cent and S&P technology index up 0.1 per cent....
...The S&P financial index was down 0.4 per cent, the worst performing of all the S&P sub-indices....
...A rumoured bid by France’s L’Oréal led Avon Products to add 4.2 per cent to $34.54....
...The Edam Acquisition consortium, comprising Goldman Sachs Capital Partners, Mediacinco Cartera SL, Cyrte Fund II B.V. and VI, L.P., acquired control of 99.7% of Endemol Investment Holding BV from Telefonica...
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