Hints and tips:
...Completions were down by -29.4% to 12,604 with revenue down by -28.2% at £3.42bn. Gross margins fell by c.480bps to 18.0%....
...Against the general trend, yesterday Ferrari confidently guided to a V-shaped recovery in its P&L from H2/20....
...On our estimates, IMB had a 2019 net debt to EBITDA of 3.5x (ex Logista) and c.3.3x post the sale of premium cigars.We are Underweight IMB....
...So there was still an underlying beat of c. 3-4% on Q1 revenues. China grew 17% in Q1 despite COVID, which is impressive....
...And GTA V’s publisher Rockstar has a history of delaying titles in the name of quality; GTA V, Red Dead Redemption, RDR2, Max Payne and L.A. Noire were all delayed....
...The group has c.2.7x ND/EBITDA against a covenant of 4.25x....
...They’re not, according to the economists David Byrne, John G Fernald, and Marshall B Reinsdorf in a Brookings paper. (Byrne, Fernald, Reinsdorf) —— 3....
...(b) There shall be created an additional nine (9) appointed senatorial posts, which shall be filled by persons appointed by the President, of whom, 3 will be nominated by ZANU-PF, 3 by MDC-T and 3 by MDC-M...
...So an L-shaped recession in terms of trend growth but not the level of output....
...But Loose is smashing: high-tech R&B beats, blaring Latin pop and one of the singles of the year, the mighty “Maneater”....
...THE MARCH by E.L....
International Edition