Hints and tips:
...Loan-to-value ratios for the two today hover in the mid-30s compared with almost 60 per cent in March 2009. Continental office owners such as Fabege and Colonial both have LTVs closer to 40 per cent....
...After marrying into Pirelli’s founding family, the Milanese son of a steel entrepreneur first took a stake in the company in the mid-1980s....
...TDR took BCA private in mid-2019. Last week, TDR and some of the same investors that backed Cinch also put €400m into CarNext, which operates in continental Europe, to take on Autohero....
...“But there will be a 10 per cent tariff on cars,” he warned, “and that would have a negative effect [on BMW] in the mid-three-digit-million euro range per year”....
...We arrived on the outskirts of Ribe in the mid-afternoon doldrums, and prised Sælhunden’s waitress away from her cigarette break....
...As such, our TP rises from 600p to 620p on a 100% weighting for our mid-cycle valuation based on a 13.9x mid-cycle P/E multiple (derived from +2.0% LT growth, 120% market risk premium and 95% cash conversion...
...The correction in UK retail has been severe but is far from over, and we think it won’t be long before we also see material writedowns in continental Europe....
...We expect smaller reductions in both the US and continental European operations....
...We reiterate OW rating on Segro (PT -8% to 900p), given our view Logistics will be a beneficiary of the accelerated structural trend of online sales, especially in Continental Europe....
...The UK to is still to open, which would push Spanish capacity above that of just continental Europeans, but this may come with some delay....
...Paris is winning the race to become the financial trading hub of continental Europe after the UK leaves the EU, the FT reported on Monday....
...Waberer’s focuses on long-distance transportation and its roughly 3,000 trucks are a familiar sight to continental road users....
...The UK is likely to flirt with recession in mid-2019 in a “no deal” scenario....
...PepsiCo’s shares were down 2.2 per cent in mid-morning trading to $106.33, while Procter & Gamble’s fell 1.8 per cent to $88.90. Mondelez International shares declined 3.3 per cent to $44.5....
...He is currently chief executive of Cardinal Logistics Holdings, a logistics company....
...“They violated international laws when they placed the oil rig in our exclusive economic zone and continental shelf.”...
...If the seabed logistics so far offshore were not sufficiently daunting, the plant itself also presented environmental difficulties....
...His experience in the Royal Navy is still useful today: “Having been in the military, you understand the value of logistics and planning.”...
...But the new phenomenon is mid-sized industrial companies that are investing abroad, too....
...The effectiveness of McBride’s communications is reflected in the arrival of new investors from the UK, continental Europe and the US in the past three years....
...He slides the August 1886 Cook’s Continental Time Tables across the table....
International Edition