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...At the mid-level, a cashmere style in a muted shade from Sheep Inc, John Smedley or — my favourite — Begg x Co will quickly become a staple of your wardrobe....
...Increasingly, companies or their investors are pointing to weak trading liquidity, or a supposed yawning valuation gap, compared with US peers for poor stock performance....
...Its relatively higher funding costs could explain as much as half of the gap between last year’s core ROTE and those of its closest peers, thinks Autonomous Research....
...That trails the industry’s 25 to 35 per cent, says Numis’s David McCann....
...Without trade restrictions — which hurt European marques that still rely on China sales — it is difficult to see how that gap can close....
...Some of the government subsidies that bridged the gap have been withdrawn. Meanwhile, global price wars are hurting all combatants....
...The gap has since closed and reversed in the wake of the Family Dollar write down. This isn’t just a deal gone bad....
...But gaps between them have widened as all but one reported financial results over the past few weeks....
...The FTC’s move imperils efforts to build a US challenger seeking to shore up the gap with European conglomerates LVMH and Kering, which have grown to dominate sales of luxury handbags, shoes and clothing...
...With its ownership of Shoe Palace, which has a big presence on the US west coast, and DTLR, which is established in the east, JD is hoping to fill in the gaps in the US market....
...But the gap between the stronger services sector and the struggling manufacturing industry is widening....
...But Delta says that deliveries from Airbus will fill the gap. By contrast, rival United Airlines is asking its pilots to take unpaid time off because of the plane shortage....
...But, of course, there’s a reason why it’s widely called Shitibank; the sprawling, gormless Citi has for a v v v very long time proven adept at blithely ambling onto various rakes around the world....
...But rate differentials haven’t changed much in the past few months. The chart below shows the gap between Japanese and US two-year yields against the yen....
...Over the past 12 months, the KBW bank index has gained more than 20 per cent, compared with the 6 per cent increase for the regional banking index. The gap will persist. pan.yuk@ft.com...
...There is also a noticeable gap between Apple’s market cap growth and its profit expansion. Apple became a $1tn company in the summer of 2018. Since then its market value has almost tripled....
...The key point of Mind the Gap is that investors too often buy high and sell low. Drill down, and it is instructive to see where the gap is widest and where it is the most narrow....
...Like hedge funds in the Treasury market, many professional bitcoin traders target the basis trade — selling futures while buying the underlying spot and extracting gains from the small gap between the two...
...“The momentum of closing that gap is pretty strong.” China started commercial driverless development in 2013, about five years after groups in the US....
...“We increasingly have to question how well SJP will monetise that opportunity,” said David McCann, analyst at Numis....
...In the UK, where equity valuations have lagged behind the US’s significantly, policymakers are considering measures to help bridge the performance gap and attract overseas capital....
...Thasunda Brown Duckett, chief executive of retirement provider TIAA, has been talking for several years about a $4tn gap between what Americans need for old age and what they have saved....
...Gap Inc is currently in crisis. Its brands — Old Navy, Gap, Athleta and Banana Republic — face weak or falling sales and the business is lossmaking....
...The company has invested millions of dollars to attract new drivers to its platform but has failed to significantly narrow the gap with Uber on the number of users....
...The algorithm kept on widening economic gaps in an endless loop: “You train the algorithm, and the algorithm trains you,” he said. Madhumita Murgia is the FT’s artificial intelligence editor....
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