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...We est. the value of the Services LOB (est. 1/4 of core revenues) at about 4/5 of Citi’s market cap ($75B vs $99B as of Dec. 29, 2023) assuming a P/E of 12-13x on 2024E earnings of $6B....
...they don’t understand how consumers shop today and they don’t understand the dynamics of a marketplace with no barriers to entry, constant influx of new competitors,” Joanne Crevoiserat, the company’s C.E.O...
...So he learnt to get around the algorithm by cancelling trips to that McDonald’s, just like all the other drivers....
...They send it to us because we provide a service, we provide better prices, right? The marketplace has created this unbelievable ecosystem, and it will continue to do it in asset classes around....
...The P/E relative of the stock on UBS 2026E EPS (against the market) goes to a record high of 152% on the UBS forecast of earnings. 2....
...For a while, many pundits — including Unhedged — talked about Apple as a “defensive growth” stock, with high barriers to entry and a big services business to carry it through the economic cycle....
...In the European tech sector, you can attribute the high P/E to heavy weighting of expensive ASML and SAP, which together make up half the sub-index....
...Earlier this year, residents in Paris voted to ban rental e-scooters, shutting down what had once been the industry’s largest market....
...In A&E, they rushed me to an endoscopy, where a bolt of glorious general anaesthetic shut everything down: the flock of beautiful blue birds I’d been hallucinating during delirium tremens, the bleeding stomach...
...Its forward P/E is just 15. We’re still searching for good stock picks. If you’ve got a candidate, email us: robert.armstrong@ft.com and ethan.wu@ft.com....
.../ From E R Yescombe, YCL Consulting, London N10, UK...
...Buffett highlighted as examples of wildfire liabilities both PG&E and Hawaiian Electric, which has been sued in connection with last year’s devastating Maui inferno....
...In the fourth quarter of 2023, Google Services made $76.3bn, with revenues primarily driven by advertising....
...A version of this article was first published by Nikkei Asia on December 18. ©2023 Nikkei Inc. All rights reserved....
...THG directors buy in THG shares have lost 85 per cent of their value since they floated in 2020 as the e-commerce company, which owns beauty and nutrition brands and provides digital services through its...
...Getty’s product launch comes on the heels of OpenAI’s update last week of its popular image-generating tool DALL-E....
.... ©2023 Nikkei Inc. All rights reserved....
...The agency, founded in 1956, was the first African-American full-service advertising agency....
...K is synonymous with new Korean culture, the little e is hitched to the internet....
...Lazada has run a similar project in Vietnam to promote the use of e-scooters for delivery....
...The firm has made a number of well-timed and well-priced acquisitions like those of Smith Barney and the E*Trade broker network. But it’s also been acquiring brokers team by team....
...(Investors have never much cared about profits at Amazon, because the company has never been run to maximise them; it has always traded at an incomprehensibly high p/e)....
...Delhivery and 16.8 per cent of financial services provider Paytm....
...A version of this article was first published by Nikkei Asia on May 16 2023. ©2023 Nikkei Inc. All rights reserved....
...Prommin Lertsuridej, Srettha’s chief economic adviser, said in an interview that blockchain technology would be built into Pao Tang — a popular mobile app for e-services including banking and healthcare...
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