Hints and tips:
...The downturn in the eurozone’s struggling economy is easing, according to a closely tracked business survey, which found a stabilisation of activity at services companies offset a steep decline in manufacturing...
...If this number were below $5bn Lyft would have a 6 per cent margin, ceteris paribus, though ceteris paribus really isn’t how P&L statements work....
...(Ethan Wu) One good read More on China’s pivot to manufacturing....
...China was responsible for 60 per cent of petrochemical capacity increases in 2023, according to new figures from S&P Global....
...The ISM manufacturing PMI measure is in conflict with S&P Global’s October manufacturing survey, which posted a nice round 50....
...But as you can see in the chart above, both the S&P and ISM indices seem to be pointing to a bottom in manufacturing activity that is now behind us....
...in both the services and manufacturing sectors....
...This business is aiming to merge with L Catterton Asia Acquisition Corp, a special purpose acquisition vehicle, or Spac, listed on the Nasdaq exchange and founded by LVMH-backed investment group L Catterton...
...Intel this week announced it would make high-end semiconductors for Microsoft in an attempt to compete with Taiwan’s TSMC and South Korea’s Samsung and “rebuild western manufacturing at scale”....
...This summer, L’Oréal’s venture capital arm Bold invested in the start-up Debut, which specialises in “cell-free” ingredient manufacturing, leading a $34mn series-B round of funding....
...Alex Kerr, economist at consultancy Capital Economics, said the 0.5 per cent fall in gross domestic output between June and July, and the decline in the composite PMI index, which averages services and manufacturing...
...As Bolgona puts it: From a high level, relative to electing to account for loans at amortised cost, electing the fair value option provides a P&L tailwind during periods of loan growth due to recognising...
...While I’m very optimistic about our future and long-term model, it will take time before our manufacturing group P&L is world class....
...For example, the SSGA SPDR MSCI World UCITS ETF tracks the MSCI World index for an ongoing charge of 0.12 per cent, while the Xtrackers S&P 500 UCITS ETF tracks the S&P 500 index of US stocks for 0.06 per...
...The FTSE 100 is up just 5 per cent while the S&P 500 and the Nasdaq Composite have lost about 1 per cent over the same period....
...“Not every [board] member has to be an expert in financial risk, but has to be able to read a spread sheet or a P&L [profit and loss account],” Richdale points out....
...Commended Flex O: 7; L: 7; I: 7; Total: 21 The legal team at manufacturing group Flex uses an artificial intelligence tool to generate reports identifying potential risks in contracts with customers and...
...S&P Global’s flash eurozone composite purchasing managers’ index, a measure of activity in manufacturing and services, rose to 50.2 in January from 49.3 in the previous month, figures on Tuesday showed....
...Monday France, Germany, Italy, Japan, UK, US: S&P Global/Cips/HCOB manufacturing and services purchasing managers’ index (PMI) data Germany: monthly retail sales figures Results: Cranswick Q1 trading...
...The S&P Global/Cips UK flash composite purchasing managers’ index, which tracks monthly changes in manufacturing and services activity, was broadly unchanged at 48.3 in November, compared with 48.2 in October...
...“If the power now lies with the producers of the materials critical to manufacturing the batteries that go into the electric vehicles then the best way to play it is through the upstream,” Spencer says....
...It is true that as sales volumes of electric cars rise globally, demand for batteries will remain high amid a continuing shortage of manufacturing capacity....
...The manufacturing downturn has moderated especially markedly in December, led by improvements in activity in Germany and linked to a combination of better supply conditions and reduced fears of energy constraints...
...Fink also boasted that BlackRock is the highest-performing financial services stock in the S&P 500 since its 1999 float, delivering total returns of 7,700 per cent....
...But he knows how to read a P&L, a cash flow and a balance sheet....
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