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...Grifols’ disclosed net debt at the end of June last year was €9.4bn....
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...The company expects a net loss of up to $345mn in the current fiscal year. This exceeds the $314mn cash it has on hand. Salvation may come in the form of drug development....
...With high public debt, the UK can’t make big net tax cuts or borrow much more....
...While this could replace work done previously by humans, he argues that there is “a net growth opportunity” instead. He explains: “The cost of producing a single page has gone down by 90 per cent....
...Begin with an easy tee — anything light and cotton-based, such as Ninety Percent’s organic tee (add a grey jumper if necessary) and trainers (£45, net-a-porter.com)....
...“This administration has promoted responsible actions to protect public health, safety, and security when confronted by challenges like a deadly pandemic and foreign attacks on our elections,” the official...
...The team offers a global perspective on telehealth, which is the use of technology to access healthcare and related digital health products....
...This week, F45 reported a quarterly net loss of $35mn on revenues of $30mn and announced it had begun searching for Gilchrist’s successor....
...The FT’s Madison Darbyshire and Nicholas Megaw report: Net retail inflows amounted to just $2.4bn this month to May 10, compared to $11bn in April and $17bn in March, according to data from JPMorgan ....
...Short-term loans made through the iPhone maker’s new Apple Pay Later service will be made through a wholly owned subsidiary, Apple Financing LLC....
...AQR Capital Management’s Absolute Return fund, which combines a broad array of investment strategies, last week notched up gains of 10.4 per cent net of fees....
...It also faced pushback from Royal London Asset Management, one of SSE’s biggest shareholders, which said Elliott’s spin-off plan would be bad for shareholders and inhibit the UK’s path to net zero emissions...
Epidemiological jargon has surged exponentially (R>1) in usage this year
...He joins from Credit Suisse, where he was head of ultra-high net worth UK clients....
...Flows have slowed lately but still totalled $640m in April, for net inflows of $16.6bn into Ark’s funds so far this year, according to CFRA....
...The US investment bank has an interest in Barca’s long-term health, courtesy of its leading role in the $815m financing plan to upgrade its Camp Nou stadium and improve the surrounding facilities....
...Languishing lenders Private credit funds such as KKR, Alcentra and Pemberton are beginning to inherit the financial burdens of high street companies as shops plunge into insolvency without the safety net...
...The speed with which Covid-19 has overwhelmed India’s health systems has sparked alarm over a new variant. The FT View is that aiding India is not just a moral imperative but a matter of self-interest....
...On Monday, 164 business leaders signed a letter organised by Kathryn Wylde, chief executive of the Partnership for New York City, warning that delaying the inevitable “puts the public and economic health...
...It has net debt of €878m. Marc Casper, chairman and chief executive of Thermo Fisher, said: “Both of our companies are playing important roles in helping customers to battle the Covid-19 pandemic....
...Most voters had health insurance, and didn’t worry much about people who didn’t. The pandemic changes that....
...The company’s net sales rose faster than expected because of “very significant demand for solutions used in Covid-19 pandemic testing,” it said on Thursday....
...It has €8.2bn in debt and, according to its annual report, an eye-watering 10.3 times net debt to adjusted earnings before interest, tax, depreciation and amortisation....
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