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...It will certainly require evidence of a V-shaped economic recovery to ignite demand for cyclical and value stocks....
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...We do not expect this to materially alter Shell’s investment plans, the company has already sold multiple refineries in recent years, but we would expect this trend to continue....
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...At an FT event last week, Michael O’Leary, head of Ryanair, argued that ESG would disappear in the downturn....
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...fine payment c.£140mn)....
...HSBC has some discussion about V and W shaped recoveries; its own model resembling “the Nike swoosh” is made by combining a proper V in mainland China forms and more of an L among Western European and American...
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...V, U, or L? The nature of Covid-19 growth impact means that some elements – e.g., production resumption, inventory restocking, and travel normalisation – would lend a natural rebound to growth....
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...Will Wallis at Numis can give us the detail of the strategy review: We summarise the outcome as a focus on self-help, requiring upfront P&L investment....
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