Hints and tips:
...This year the Ralph Lauren Corporate Foundation announced a $25mn commitment to five cancer centres across America. ralphlauren.co.uk Q is for McQueenThe British luxury brand is a longtime supporter of...
...“Tesla’s bitcoin investment does not have an impact on its ESG score,” said S&P Global....
...Q: Will energy transition policies result in higher growth and capex for the sector? Yes....
...Given the growth outlook and strong fundamentals, we view the current valuation (19x FY21E P/E, 14.7x EV/EBITDA) as attractive....
...However, on metrics that smooth out investment, like P/E, BT looks very cheap, on 6x P/E (sector 15x). Our price target remains 130p....
...Our price target is based on a mix of our DCF as well as P/E and EV/EBITDA multiples....
...Elsewhere in sellside, Morgan Stanley has a very belated downgrade of Hurricane Energy as part of a big E&P sector thing....
...Next currently trades at c.10.5x FY20 P/E but doesn’t offer its usual strong cash returns currently....
...Read more in our e-mobility special report....
...Idexx said in October that the animal health market had experienced a “V-shaped recovery”....
...On our new estimates, L’Oréal trades on an FY21E P/E of 32.6x, the highest premium versus the consumer staples sector for over 10 years....
...At 8.3x 2021E P/E, 5.5x EV/EBITDA and 10% FCF yield, WPP trades at a 42% P/E discount to the market (vs. 3Y median discount of 29%) which we believe does not reflect earnings rebound potential and self-help...
...At our PT, the stock would trade at an average 2020/21 P/E of 7.9x, -17% vs. last 24M average P/E; this discount is justifiable, in our view, given Centrica's tight balance sheet. • Updates to follow....
...Elsewhere, it is worth noting the substantive excess liquidity build, with deposits +6% q/q (implying end-2Q LTD of <67%)....
...Here’s Commerzbank: Equity markets staged a decent rally last week with e.g. the S&P 500 up 10.4% w/w, and weekly trough to peak performance exceeding 20%....
...Now over to RBC Capital Markets for some global E&P sector breakevens: And back to Stifel: Survivors: (1) Gas producers: Serica Energy is 85% North Sea gas with cash and no debt; Diversified Gas & Oil...
...But a guess: the first quarter will be lousy (down 45 q/q, from an already low base), and sometime in Q2 the backlash will begin....
...What you might not know is that according to our estimates lower tax rates accounted for 47% of year-over-year earnings growth (2Q18 v 2Q17) in the aggregate for the S&P 500 companies analysed; that’s down...
...Heal Mehta, senior European economist, Legal & General Investment Management Growth will slow a bit, from 0.5%q/q in 3Q16 to a low point to around 0.2% q/q in the first half of 2017....
...S.E. Asia), the deflationary return to the US and UK could be much larger than anticipated....
...David Blanchflower, Bruce V. Rauner professor, Dartmouth College Most unlikely....
...“As recently as a month ago the building consensus was for a V-shaped recovery for oil prices,” Bill Herbert, co-head of securities at Simmons & Co, the energy investment bank, told me....
...Tangle Teezer Therapy Box Thomas Miller Claims Management Tissue Solutions Travel Counsellors Turner & Townsend V Veolia Environmental Services UK Vero Software Vetted t/a Checkatrade.com Viezu...
...Npower • Tesco • The Crown Estate • United Utilities … Dairy Crest Rural Action Award Recognises businesses that support rural communities to maintain a sustainable rural economy • Calor Gas* • E...
...Elizabeth (Hammie) Tappenden (E) Tecna Display Tenmat (I) The A P M Group The Clinical Trial Company The Moller Centre For Continuing Education Thomas Keating Traka (I) Transdek UK (I) Transec...
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