Hints and tips:
...Philip Morris was part of a joint $206bn settlement with three other tobacco companies. PMI was spun out of Altria, the rebranded version of Philip Morris, in 2008....
...For example, Dominic Rowles, an ESG analyst at Hargreaves Lansdown, recommends a global tracker fund like the L&G Future World ESG Developed Index or, as a more conservative option, the BNY Mellon Sustainable...
...So it has warmed our cold, cynical hearts to see a Bank of America deep-dive into Magic: The Gathering knock shares of Hasbro by 6 per cent at pixel time....
...M&G chairman Mike Evans has taken a temporary leave of absence from the £339bn asset manager due to a stress-related illness....
...In 1990, the S&P’s biggest stocks were IBM, Exxon, General Electric, Philip Morris and Royal Dutch Petroleum....
...Bank of America Merrill Lynch rounded out the top three with $10.5m. The filing identified 29 banks working on Uber’s IPO....
...Increased focus on the home, reversing some L-T adverse trends....
...V, U, or L? The nature of Covid-19 growth impact means that some elements – e.g., production resumption, inventory restocking, and travel normalisation – would lend a natural rebound to growth....
...This has prompted several European asset managers, including Jupiter, M&G and Aberdeen, to decide to absorb the cost of research on the basis that this is simpler and fairer for clients....
...The chain is the flagship of L Brands, the business he founded as The Limited in 1963....
...P&G is not alone....
...Volpe, Managing Member of Volpe Investments LLC.Harry L. You, President, CFO and Director of GTY Technology Holdings Inc....
...• Philip Tso has moved to Allianz Global Investors as head of institutional solutions for Asia-Pacific....
...Those costs will be absorbed in Vanguard’s P&L.”...
...Another attraction is the low levels of debt at many large consumer companies, including Nestlé, Unilever and L’Oréal, compared to other industries....
...That acquisition has made it the world’s third-largest cosmetics group by sales, after France’s L’Oréal and Estée Lauder of the US....
...For instance, US consumer companies have been a regular investment area for activists who have invested in Mondelez, Pepsi, P&G and ConAgra....
...Panmure Gordon is expecting L&G to produce operating profits of £1.6bn, up 13 per cent on last year....
...So he was flown on the corporate jet from Palm Springs to Winston-Salem under the passenger name ‘G Shepherd’....
....* As Dealbook helpfully reminds us, excluding LGBT-friendly companies is tough, since most big companies have policies against discrimination based on a person’s L, G, B or T status....
...L&G is investing £600m to boost UK rental supply in a joint venture with PGGM, the Dutch pension fund manager....
...UBS analysts expect Apple to offer its first iPhone with an OLED screen, rather than its usual LCD, next year....
...L&G had to apologise at the meeting after admitting that Mr Wilson was paid £5.5m in 2015, rather than the £4.7m published in its annual report....
Regulators’ efforts to tighten up on high-speed trading have wider reach
...Sacha Sadan, director of corporate governance at L&G’s asset management arm, said: “We will be voting against the re-election of all non-executive directors to ensure the business is run in the interest...
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