Hints and tips:
...One thing to start: German sandal maker Birkenstock is seeking a valuation of more than $8bn from an initial public offering, as its private equity owner L Catterton unveiled its filing for a stock market...
...The Liberal party, with a large L, the centre-right party, was seen as having swung too far to the right by a lot of its supporters after my defenestration....
...The US beauty and fragrance group hopes shares trading at 29 times forward earnings would edge up to the rating of 35 times enjoyed by L’Oréal....
...“We shouldn’t give up on DB because the average duration is still 15 years,” says Nigel Wilson, chief executive of L&G....
...There are plenty of options for renting a vehicle, including electric vehicles, at Toronto Pearson Airport and across the city. Let’s start the day at the top of Toronto, with breakfast....
...While not an Oxford Tory, Kuper is an Oxonian who went to that university at roughly the same time as Boris Johnson, Michael Gove, Daniel Hannan, Dominic Cummings and Jacob Rees-Mogg, all notable student...
...Dominic Cummings, former chief adviser to the British prime minister Boris Johnson, is among those who have flirted with these ideas....
...Apart from negative l-f-l rental and value growth, we assume recapitalizations to an LTV of c.35% by 2021 lowering the EPS and NAV by c.49% and c.61%....
...Supported by our expectation that rising US unemployment will give Pearson’s US Higher Education business a strong tailwind, we upgrade our rating to Buy from Hold....
...“L&G offers a 6.3% 2020E dividend yield, 1.2% above the sector average. Pre-2016 L&G's yield averaged 0.4% above the sector.”...
...Pearson reported falling sales and annual profits that more than halved, weighed down by sliding US textbook sales....
...UK prime minister Boris Johnson’s defence of Dominic Cummings has provoked a furious backlash. Attempts to justify a 264-mile lockdown trip have failed to silence calls for the top aide’s resignation....
...L&G stock is up 140 per cent since Mr Wilson took over....
...Bigger by market cap than IAG, Pennon, Barratt, Whitbread, ITV and Pearson....
...At which point, I yelled three letters at the television: L, B and J, as in Lyndon Baines Johnson....
...But Mr Cummings said Democrats had to be careful over their approach....
...Daniel Radcliffe and Alan Cumming will be in the same space just before them in a new staging of Beckett’s mordant existentialist classic Endgame (Old Vic from January 27)....
...“Mr Cummings is busily briefing the press over the past few days about how he’s going to run the government, but he still hasn’t given any clear direction.”...
...In January, Mr Cummings will take over as chair of the House Oversight Committee....
...That means that investors may buy a share in, say, L’Oréal in either France or the UK, depending on where the best prices and liquidity are....
...Les Wexner, the billionaire behind L Brands, trusted Epstein with his money for years....
...When I joined Aifa it was kind of moribund and I was responsible for changing its business model, giving it a new P & L, reconnecting it to its membership and delivering quite a lot of organisational change...
...The album opens with Duke Pearson’s snappy, be-bop inflected “Minor League”, taken at a pace....
...All that dealmaking has turned Luxembourg-domiciled JAB into a challenger to consumer industry giants, such as Nestlé, Starbucks and even L'Oréal....
...Sell: Pearson (PSON) Pearson has been slimming and the proceeds of various disposals helped wipe £600m off the year-end net debt figure, writes Megan Boxall....
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