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...Four people familiar with the MQ-9 sale said Washington would allow the aircraft to be integrated into the same system that US forces in the region and the Japanese Self-Defense Force will use....
...While Astrobotic may have failed, the launch of the 61-metre Vulcan Centaur rocket is a milestone for Colorado-based ULA, which is reported to have been put up for sale by its joint owners....
...Lt General Muhoozi Kainerugaba, in charge of his father’s security and a long-whispered successor to Yoweri Museveni, was keen, said two people familiar with the sales pitch....
...The result was 17 per cent above the equivalent in-person sale last year....
...As a result, we expect Purplebricks to start gaining market share again in a stable UK market to reach 8% LT (7% prev.) vs 5% now....
...Reflecting the LT margin upside potential, we change our valuation methodology to a DCF using 6.8% WACC and 3.5% terminal growth rate....
...We continue to believe that the pandemic has led to acceleration of digital shift, a LT benefit for PRX....
...Completions to date are a very frugal 1,439 units and sales per week since July 1 are up 38 per cent at 0.94 per site....
...Zalando is on 1.5x EV/GMV but we have much more confidence in the LT trajectory of margin at Zalando so prefer that name....
...Heineken (Equal-weight) comes close, but its superior LT sales growth profile is balanced by near-term downgrades, and 20x CY21e P/E leaves little room for re-rating....
...Our DCF valuation increases by 20% (to £52/share) on higher LT iron ore price of US$60/t. FY20/21 NPAT are revised higher to US$11.1b (+16%) and US$12.5b (+55%) respectively....
...The key question is how sticky these consumption habits are in the US post lockdown and whether building the brand in the off rather than on-trade could impact LT prospects. 1H trading update....
...These are harmless, even while they channel the spirit of Lt John Rambo. Hasbro does not break out Nerf sales. But they brought in a record $645m for the company in 2017, BMO Capital estimates....
...Lt. Gen....
...Kering continues to carry out its pro-active MT spend policy (capex) while implementing forceful short-term cost cutting and the stock is back to trading at a 25%+ P/E discount to the sector on SGe (20-30% LT...
...Downgrade HEIA to HOLD as we look for a better entry point into this LT winner, upgrade RBREW to BUY as a defensive. Valuations have held up well in bevs....
...We reduce our sales growth to -7.5% yoy in CY20 (from +0.4%), with a recovery to +5.9% yoy in CY21 (from +3.4%)....
...Target £38: Could get worse before better but we see LT opportunity: We believe the European hotel names are vulnerable to a further setback....
...The Covid-19 stuff runs that panic buying caused a 30 per cent sales uplift in UK but has now stabilised across the group and normal sales volumes are back....
...Third-quarter organic sales down 11.3 per cent, rather than the minus 6 per cent expected, with cognac sales down by 7.6 per cent organically....
...Although the near-term earnings outlook is somewhat opaque due to risks to commodity demand, we believe that the share price does not fully reflect LT fundamentals which remain solid....
...While 2019 sales may not be achieved for some time (SANe 2023/24E), we believe this is priced in....
...Failure of the week went to Seven & i Holdings, Japan’s second-largest retail group by sales....
...Its $832.5m total almost doubled that set by the Yves Saint Laurent and Pierre Bergé sale at Christie’s Paris in 2009, but here perhaps other forces were at work, too....
...We describe their forms of contract and exchange. lt has been suggested that these societies lack the economic market but this is not true ; for the market is a human phenomenon which we believe to be familiar...
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