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...Officials involved in talks said one model funded by debt has gained traction as the most practical way to provide support if Orbán refuses to drop his veto at a planned summit on February 1....
...Palazzo Passerini is a three-bedroom residence that can be booked on a B&B basis or bought out in exclusivity by a total of six guests....
...Screwfix, the UK chain of hardware stores, also recorded growing sales, as the company announced it planned to launch up to 40 new outlets in the UK and Ireland in 2024/25 and grow that number to more than 1,000...
...The deal values Tod’s at around €1.4bn excluding debt. LVMH will retain its 10 per cent stake in Tod’s after the transaction....
...House, Tenby, £1.8mn Where Tenby, a charming harbour town in south Pembrokeshire, known for its dune-backed beach and medieval town walls....
...No mention of the B-word, then....
...The BBB Rated 1-5 Year Corporate Bond ETF, BBB Rated 5-10 Year Corporate Bond ETF and BBB Rated 10+ Year Corporate Bond ETF will target triple B rated corporate bonds within their respective maturity ranges...
...The family will hold “A” shares, each of which confer 5 votes, while outside investors will be offered “B” shares, which confer a single vote....
...None more so than the venerable De L’Europe, which has stood at the confluence of the Amstel river and two canals since 1896 and is just completing a five-year renovation....
...d this year and 1.8mn b/d in 2025....
...Sales at the group, which owns brands such as Garnier and Lancôme, grew 11.1 per cent on a like-for-like basis for a total of €10bn in the quarter ending September 30, coming in just below consensus analyst...
...The group also includes executives of Related Companies, private credit groups Ares Management and HPS, and L Catterton, a private equity group that invested in Equinox in 2017. Read more here...
...Plans to raise €1.25bn via listing could fund further deals and consolidate ownership of businesses in which it has acquired majority stakes....
...The “Digital Assets B” appear to be shitcoins, more or less, with the biggest position $362mn of Serum (as of Aug. 31). Also, big congrats to FTX after last month’s Grayscale court ruling, we guess?...
...Shares in Hermès rose 5.1 per cent, helping the company overtake L’Oréal to become the second most valuable firm in France’s blue-chip Cac 40 index....
...The move, which comes after the meeting was delayed from Sunday as Saudi Arabia pushed members to make additional production cuts, boosted Brent crude above $84 a barrel — up about 1.4 per cent on the day...
...Also on a multiple of sales, L Catterton’s offer looks underwhelming — just 1.7 times this year’s revenues. For reference, the buyout group recently floated Birkenstock at 5.5 times sales....
...Sales at the group, which owns brands ranging from Garnier to Lancôme, grew 11.1 per cent on a like-for-like basis in the most recent quarter ending on September 30, reaching €10bn, just below consensus...
...Nearly half are missing meals, the UN’s World Food Programme has warned, with 1.4mn people at risk of famine. More than 360,000 people are displaced....
...L&G posted an operating profit of £1.7bn, broadly flat on the previous year but below analysts’ consensus estimates....
...This is roughly comparable to average default rates observed in companies that receive a B credit rating from S&P (3.4 per cent) and a B3 from Moody’s (4 per cent)....
...Peers e.l.f. Beauty, Coty and Estée Lauder were lower by 9.7 per cent, 5.1 per cent, and 4 per cent, respectively....
...Aramco shares were up 1.6 per cent in Sunday trading on the local Tadawul exchange....
...Goldman estimates that the median short interest in S&P 500 companies is still remarkably low at 1.7 per cent, but is up from 1.5 per cent at the end of 2021....
...Although sales at Tod’s, whose brands include shoe label Roger Vivier and clothing and accessories labels Schiaparelli, Fay and Hogan, increased 11.9 per cent last year to €1.13bn, its share price has remained...
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