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Related Special Reports
.../ From Stephen “Swifty” Warden, Toronto, ON, Canada...
...The S&P 500 is often used as the default comparison because of its ubiquity, but, in reality, it’s a poor benchmark for private equity returns given how top-heavy it is....
...Monday EU, December retail sales figures Germany, December factory orders UK, S&P Global/Cips construction purchasing managers’ index (PMI) data Results: Activision Blizzard Q4, Anima FY, JFE Holdings...
...Through the sale of bracelets and pendants, the brand has raised more than $20mn to provide water, immunisations and educational tools to those in need. louisvuittonforunicef.com V is for Visual AidsAcne...
...Eyal’s three Selfridges programmes were scheduled to include a mix of old and new pieces featuring the dancers of L-E-V, senior students of Rambert2 and members of Tanzmainz....
...P Passing shots Things of beauty that have more or less killed off serve-and-volley tactics. Q Queue Yes, you could get some fancy corporate ticket to Wimbledon....
...to S&P Global Ratings....
...Even in one of the cleanest Vs in finance — the S&P 500 index of US stocks — the steep decline from late February to late March was marked by a series of fleeting mini pick-ups, of lower-case Vs that never...
...After surging prices in April — the biggest rise on the S&P 500 since 1987 — we are already well along the uphill slope of the V....
...given its P&L seasonality (2H represents 77% of EBIT vs 56% for luxury peers)....
...If you are looking to predict the shape of the US economic recovery — be it V, W, L or even K — don’t look at the markets....
...Hoare, North Yorkshire; Christina McKittrick, Kingston Polymath 1,011: Dr S Bailey, Swindon Crossword 16,099: Suzanne P Wilson, Windermere; D Barter, Cumbria; Jean-Marc Sellier, California Polymath 1,010...
...In the US, S&P 500 non-financial companies were sitting on $1.35tn of cash and equivalents at the end of June....
...Alicia Levine, chief strategist at BNY Mellon Investment Management in New York, notes that the five largest tech stocks in the S&P 500 outperformed the rest of the index by 31 per cent in the first five...
...Based on company commentary so far, we still believe potential COVID-19 claims (including BI) are a manageable P&L event for the sector, although the devil will be in the detail when it comes to BI policy...
...On our new estimates, L’Oréal trades on an FY21E P/E of 32.6x, the highest premium versus the consumer staples sector for over 10 years....
...Its share price has lagged other big tech rivals (Facebook, Microsoft, Apple and Amazon) and also the S&P 500 since hitting a record in mid-February....
...Of the 50, 16 failed within five years after the books in which they starred were published, and 23 became mediocre as they underperformed in the S&P 500 index....
...In the US, the Nasdaq Bank Index has fallen more than a third, while the S&P 500 is flat for the year. That has wiped out a combined $987bn in shareholder value, Citi data shows....
...We also note S&P’s CreditWatch on the BBBrating will be resolved when ‘financial performance and liquidity resulting from COVID-19 can be assessed’....
...SoftBank’s P&L is composed of revaluations, non-cash income from affiliates and modest flows of dividends and disposal proceeds....
...What happens further down the P&L is largely a question of capital structure, but it appears most will be either loss-making or make only marginal PBT....
...With both the S&P 500 and STOXX 600 hovering near all-time highs, it is easy to think that investors are disregarding the economic impact of the Coronavirus outbreak....
...Against the general trend, yesterday Ferrari confidently guided to a V-shaped recovery in its P&L from H2/20....
...What is the likely shape of the growth trajectory? V, U, or L?...
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