Hints and tips:
...The £1.3bn of so-called class B debt, which is still inside the ringfence but has a lower-ranking claim on the company’s cash flows, could be hit with even deeper 35-40 per cent impairments....
...A discount on the bonds lifted the yield on the single-B rated notes to 11 per cent, according to people briefed on the matter....
...No mention of the B-word, then....
...The group of senior class A and subordinate class B bonds are securitised at the operating companies....
...Traders are marking a riskier £250mn “class B” bond at little over 60 pence in the pound....
...Companies with double B or B plus debt ratings have received solid demand, while lower-rated single B and triple C rated companies have been forced to go to private credit lenders for financing....
...The 21st-century works here were three short morsels by Elliott Carter, all written when he was more than 90 years old....
...Elliott bought a 4.5 per cent stake and pushed to elect its own directors and break up the company....
...Missy Elliott makes a charismatic appearance on the offbeat “Told Ya”, while Future turns up on the irresistible power ballad “Cheatback”, magnificently sung by a multi-tracked Chlöe....
...People say, “What’s plan B?” But you need more than just a plan B. Having more options makes you feel more confident and secure....
...A: Elliott Which former presidential candidate, and Celebrity Apprentice judge now chairs the Colonial Williamsburg Foundation?...
...S&P has rated the bonds single-B minus, among the riskiest ratings it assigns....
...The resulting stock price surge lifted the company’s p/b sharply (with the caveat that measuring p/b is more art than science): Change is coming from on high, too....
...We have just applied for B-Corp status [showing commitment to environmental and governance principles]. It takes about a year to gain acceptance....
...The splashiest example is Elliott Management, which pushed printing conglomerate Dai Nippon to issue ¥300bn (then $2.2bn) in share buybacks, worth nearly a quarter of its market cap....
...Perhaps the most amusing piece this year was James B. Stewart’s examination of the apparently dodgy goings-on at high-end New York wine seller Sherry-Lehmann....
...B&M recently reported a fall in sales and profits in the first half of its fiscal year while Poundland owner Pepco has said UK trading conditions “remain challenging”....
...Suncor produced 743,000 barrels of oil a day last year, about 15 per cent of the 4.7mn b/d produced in Canada, which is by far the US’s biggest source of foreign oil....
...When banks were racing to lend to companies and private equity firms at the start of the year, a US business with a lowly single B debt rating could expect an interest rate of roughly 4.74 per cent....
...BofA, Credit Suisse, Vista and Elliott declined to comment....
...However, GSK said its vaccine candidate proved highly effective across both the A and B strains. GSK also used its adjuvant to boost efficacy, which Pfizer did not use....
...One chapter looks at the significance of eggs in the household of Gertrude Stein and Alice B Toklas....
...“Lady Marmalade” (a Missy Elliott-produced cover for Baz Luhrmann’s movie Moulin Rouge!) proved an electrified revival....
...Take our quiz Tesla chief executive Elon Musk said yesterday that he had a “plan B” if his hostile bid to take Twitter private was unsuccessful, without offering any further details....
...It concluded that the median energy-efficiency score for all homes built since 2012 in England and Wales was 83 (band B), compared with 59 (band E) for ones constructed before 1930, with homes built before...
International Edition