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The war-torn ‘Kingdom of the Planet of the Apes’ has echoes of today’s politics; ‘La Chimera’ is a multi-layered story of tomb-raiders; Martin Scorsese celebrates two visionaries in ‘Made in England: The
...) big enough to make a meaningful impact on Berkshire’s earnings, (b) possible to reliably value, (c) have trustworthy and competent management, and (d) are available at a reasonable price....
...Film critic Danny Leigh gives his verdict on Philip Martin’s film. Additional contributions from Tee Zhuo and Benjamin Wilhelm...
...You do the S&P 500 questions. Alexandra Scaggs The S&P is a multinational index. Robin Wigglesworth Yes. Alexandra ScaggsI take no responsibility for whether this is right or not. OK, so 497....
...Martin Wolf is the FT’s chief economics commentator Join our online book group on Facebook at FT Books Café...
...And finally A few decades ago, the residents of Wigtown (population c. 1,000) in south-west Scotland wondered if they could follow Hay-on-Wye in Wales’s lead....
...Additional reporting by Katie Martin and Laurence Fletcher...
...S&P 500 profits, which have shrunk 6 per cent since the peak a year ago, are 34 per cent higher than December 2019....
...That’s a lower proportion than the S&P 500, which has 13 stocks above the 10 per cent short threshold. And from 461 companies in the Stoxx 600 ex UK, 28 are heavily shorted....
...Review: The FT’s cinema critic Danny Leigh gave the new James Cameron film three stars. Read his full review....
...But now that interest rates are rising fast in response to sky-high inflation, investors fret that big moves in bonds could set off more landmines, writes markets editor Katie Martin....
...Last year, for example, Wall Street’s S&P 500 index gained 27 per cent, while the FTSE 100 gauge added just 14 per cent....
...C Vijayakumar, chief executive of HCL Technologies, cautioned of the “imminent danger of accelerating deglobalisation”. Foreign affairs were top of most executives’ minds....
...Martin Whittaker, the founding chief executive of Just Capital, argues that bigger pay gaps risk a backlash from unions, workers and consumers....
...They illustrate their argument by comparing the paths to success of the richest people in Mexico and the USA (p. 39)....
...*p for years....
...The new bonds are rated triple-C by rating agency S&P, in the lowest reaches of the “junk” bond market, and its new funds will be used to repay the looming debt pile worth over £900m, as well as the £20m...
...Bernstein, the Aston Martin of brokerages, starts Aston Martin with an “outperform” and 70p target as part of a gigantic autos sector note....
...What do you think of Martin’s choices — and what has he missed out?...
...Trade Wars are Class Wars Matthew C. Klein and Michael Pettis, Yale University Press, RRP$28/£20 This is a very important book....
...The discount of our UK domestic basket at 10% (24-month Internationalfwd P/E) is not especially wide by comparison to the past 4 years post the EU referendum....
...It may also be able to provide early warning signals of a fourth P: pandemics....
...Balance sheet concerns somewhat abated - Aston Martin finished the quarter with cash of £172mn (pre equity raise, GSe c.£514mn post equity) and net debt at £956mn (£614mn post equity, GSe £506mn), after...
...As a result, Ashtead now sees PBT for the financial year ending Apr-20 to be c£1,050m (-10% vs. previous consensus c£1,170m)....
...Against the general trend, yesterday Ferrari confidently guided to a V-shaped recovery in its P&L from H2/20....
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