Hints and tips:
...“Idiosyncratic sounds like idiotic — and Silicon Valley was that,” says Lawrence J White, a finance professor at New York University who formerly worked in government during the savings and loan crisis....
...“There is an ambition to grow this model quickly,” said James Badger, Morrisons’ online and wholesale director. “Society is moving in many ways to instant gratification . . ....
...Squirrels dig up their corms and so do badgers. Mice love to eat them too....
...Letter in response to this column: Central banker chattiness is a flawed PR strategy / From Alex J Pollock, Senior Fellow, Mises Institute, Auburn, AL, US...
...None deters a badger or a grey squirrel....
...Sally Beauty has a more defensive business model than many (J Crew does not sell personal protective equipment). Yet it is not immune to Covid-19. All its stores closed for a month....
...Neiman Marcus, J Crew, Lord & Taylor, Brooks Brothers and JC Penney all filed for bankruptcy this year....
...Catalogues are now full of them, none more so than Manchester-based J Parker (dutchbulbs.co.uk). They are flowering onions and have virtues....
...● Barclays upgraded J Sainsbury to “overweight” from “equal weight” with an unchanged 250p target price....
...Lynch; J Sainsbury raised to “neutral” at Goldman; Spirax cut to “hold” at Peel Hunt; Surface Transforms raised to “buy” at Cantor; Wartsila cut to “hold” at HSBC....
...Sellside stories ● UBS upgraded J Sainsbury from “neutral” to “buy” with a 240p-a-share price target....
...Merrill Lynch says that if Chinese tourism alone were to fall by 50 per cent, it would cost the US industry $18bn. Already, top real estate markets in the US have felt the pain....
...Merrill Lynch also set a £42 target price on Whitbread and downgraded it to “underperform” from “neutral....
...This is a colourful interview/profile with the Man of Steel, just don’t say the j-word....
...Line a sieve with muslin or a J-cloth, place over a bowl and very gently ladle in the mixture. Allow the broth to drip gently down without forcing....
...UK supermarket chain J Sainsbury’s planned £7.3bn takeover of its Walmart-owned rival, Asda, was blocked, while a proposed tie-up of the train manufacturing arms of Germany’s Siemens and France’s Alstom...
...Tesco was the best performer among the big four with 1.7 per cent sales growth, while J Sainsbury was the laggard with sales down 1.2 per cent....
...Wednesday 15:00 BST What’s happening ● A relief rally lifted J Sainsbury to the top of the FTSE 100 gainers....
...Tesco sales fell 0.6 per cent on a slightly improved market share, while J Sainsbury’s sales fell 0.2 per cent with a 5 basis point share gain....
...An investor group has called for Uber to remove John Thain, the former Merrill Lynch chief executive, from its board ahead of its initial public offering in New York....
...Sainsbury cut to “neutral” at Merrill Lynch; Saab raised to “buy” at Jefferies; Smart Metering rated new “buy” at Liberum; Swatch upgraded to “equal-weight” at Morgan Stanley; Victrex cut to “neutral” at...
...● Merrill Lynch upgraded Intel to “buy” from “neutral” with a $60 price target....
...Separately, Merrill Lynch was advising clients to buy the European car stocks....
...Before joining the new advisory boutique and merchant bank, McIvor was vice-chairman of M&A at Bank of America Merrill Lynch....
...● JPMorgan repeated “underweight” advice on J Sainsbury with a 190p target price ahead of Thursday’s final ruling from the Competition and Markets Authority on its proposed merger with Asda....
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