Hints and tips:
...Gifford said Altria was “continuing to explore all options for how we can best compete in the e-vapor category”....
...Earlier this month Altria paid $2.75bn to buy NJOY, an e-cigarette start-up, in its latest bet on the vaping market after losing almost all of the $12.8bn it invested in Juul five years earlier....
...“E-vapour remains the largest smoke-free category in the US and the most successful category in transitioning US smokers away from cigarettes,” Altria chief executive Billy Gifford said on an earnings call...
...Billy Gifford, Altria chief executive, said he believed the tie-up and Altria’s product pipeline “position us well to increase adoption of smoke-free products”....
...Altria chief executive Billy Gifford said he believed the tie-up and Altria’s product pipeline “position us well to increase adoption of smoke-free products”....
...Once high-flying names, including Ark, Baillie Gifford and Chase Coleman’s Tiger Global, were left licking their wounds....
...Replace Fidelity with Baillie Gifford, performance with growth and Polaroid with Netflix and you will see the story is very much the same....
...You only need a half-pea-sized amount, and the vitamin E-laced butter-like cream absorbs without looking greasy....
...“I’ve known quite a lot of fund managers who thought risk was spelt R.E.W.A.R.D,” says Arthur Copple, chair of Temple Bar investment trust....
...For the rest of us, I suggest following more tried and tested advice from a different BG: "Nearly every issue (i.e. stock) might conceivably be cheap in one price range and dear in another.” - Benjamin...
...Allbirds, founded in 2015, raised $100m in a Series E funding round in September last year, valuing it at $1bn....
...Tech tools — Angell e-bike The Angell e-bike has élan, which seems appropriate given its French design and origins....
...Smart reads (and one listen) The outgoing head of Scottish Mortgage Investment, Baillie Gifford’s flagship fund, is departing with some harsh words for ESG screening....
...Benjamin Graham and David Dodd were pioneers in using P/E ratios to find stocks undervalued by the wider market....
...Mr Gifford, 49, took over the chief executive’s duties while he took a temporary medical leave of absence to deal with the illness....
...But it retains a hefty footprint in China’s financial system, with more than 600m users depositing funds into its Yu’E Bao money market fund....
...Altria paid $12.8bn for 35 per cent of Juul at the end of 2018 but has been forced to write down the value of the stake by more than two-thirds, as regulatory scrutiny over the marketing and safety of e-cigarettes...
...“But what really matters to society is E.” Mr Wright adds that the pandemic has also highlighted the importance of S — social concerns....
...Backed by a host of well known investors including Tencent, Baillie Gifford and Sequoia Capital, the electric car company was seemingly China’s chosen one to disrupt Elon Musk’s grip on one of the sector...
...His tenure was marred by a troublesome bet on the e-cigarette maker Juul Labs. Billy Gifford, most recently Altria’s chief financial officer, will succeed him. More here....
...Recursion Pharmaceuticals, which uses artificial intelligence to try to discover drugs, has raised $121m in a round led by Baillie Gifford....
...Kristine TompkinsThe dedicated environmentalist talks about her crusade to buy back the planet — piece by piece Some time in the southern-hemisphere summer of 1990, Kristine McDivitt, then CEO of the Californian...
...Its revenue growth has lagged behind that of e-commerce group Alibaba and Tencent....
...But look to the US — where profits growth hasn’t been as fast — and you will see that forward p/e ratios have risen pretty aggressively during the same period....
...Investments in its e-commerce operations, alongside the appointment of a customer director and new chief financial officer, mean better data collection from online sales which have been used for more targeted...
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