Hints and tips:
...Under PAC 1, launched by Lula in 2007, only a quarter of projects were effectively delivered, according to analysis by consultancy Inter B....
...Magugu’s designs include a print symbolic of sisterhood that appears on a T-shirt, the Diorcamp bag and a silk scarf. charlizeafricaoutreach.org; dior.com N is for Ninety PercentThe Camden-based fashion...
...Kate Barker: No single policy would do much alone. But improvements to the planning framework by taking a proper spatial view of the UK and a robust approach to local objections might be my favourites....
...In financial markets, higher household debt, no capital controls, no large aggressive unions, a technology that is arguably more adaptable, and a clear perception of the costs of inflation in this context...
...We view this as sustainable given its diverse range of growth drivers, namely; (i) China driven by premiumisation but also local brands, (ii) further mix improvement in W Europe, and (iii) stabilisation...
...companies, because of its large pension deficit and the potential size of a deal.”...
...The stock trades at 21x FY22E P/E. During the lockdown, we have seen major brands, i.e....
...With H1 results confirming Primark’s US b/e (remarkable with only 10 stores) we look to a post COVID-19 world with optimism....
...This doesn’t feel like a meaningful target to us. We’re expecting a sizeable US or European brand acquisition rather than a local ‘me-too’ business, of which there is no shortage....
...UK recovery will be slower than peers: (a) larger service sector: (b) weakness of business investment: (c) lack of clear social distance messaging....
...We currently model WFH to represent 10% of half of B&I going forward (B&I c40% of revenue) and our estimates sit c10% below consensus in FY21 onwards....
...[W]e expect focus on another weak quarter for Other Income and a quarterly run-rate below consensus expectations....
...[W]e move our valuation one step forward along the cycle from a 50%/50% weighting for a midcycle/trough cycle valuation to a 100% mid-cycle weighting....
...On the other hand, Royal Mail, a highly operationally geared business is only down 11%, despite the profitable GLS business being B2B focused (i.e. not benefitting from any increase in online shopping)....
...It has presented two optimistic scenarios whereby pubs reopen in late June (i.e. 12 week closure)....
...[W]e would NOT be a buyer of credit institutions until things settle and we anticipate we see further aggressive selling pressure in UK Financials today following a minor relief rally on Friday....
...investing for a 4°C climate catastrophe....
...Any successful currency block (e.g. US) has: (a) common political and fiscal transfer system; (b) high degree of labour and product mobility; and (c) joint debt monetization....
...Traders were then able to borrow securities to cover an outstanding position while the lender, who might be a bank or a pension fund, would be paid a fee for lending the securities....
...Don’t-vote” but… what I heard Ed Miliband say is if we speak, he will listen so on that basis we’ve got no choice but to take action to end the danger of the Conservative party.”...
...An even simpler way to implement this is to periodically demonetize notes, requiring a Gesell tax at exchange. (N.B....
...Professor Nicholas Barr, London School of Economics: Since the issue is (a) vastly multidimensional, (b) affected by decisions yet to be taken (e.g. terms on which Scotland could join the EU), and (c) influenced...
...It is a no-brainer!...
...What we now have is plan B, or even C. If UK private sector output can get back on its feet, there is no reason why fiscal tightening should not continue....
...A general bank run seems unlikely, however. Barclays on contagion: [W]e are of the view that the potential contagion to other banks in the eurozone is likely to be contained....
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