Hints and tips:
...of a libertarian/conservative flavour, and that (b) McKinsey is a consultancy with a strong incentive to say what its corporate clients want to hear....
...But from a risk-return point of view, is credit risk attractive right now? Rieder: I’d say it’s a B-. But it’s not a C. Why are you getting these sorts of yields in credit today?...
...This includes the elimination of two inter-company business lines, new direct reporting from the LOBs to the C-suite for the first time ever, and collapsing of management layers from a remarkably high 13...
...One of the casualties is Swedish property company SBB, which borrowed heavily during a local boom. Fitch downgraded the company to B- this week. Commercial real estate is in even worse shape....
...There’s a lot of companies in the double-B category that were downgrades from triple-B. They’re better companies. It’s a different high-yield than, say, 10 years ago ....
...The funds have primarily purchased Berkshire’s class B stock, which carries fractional economic and voting rights compared with A shares....
...Suncor produced 743,000 barrels of oil a day last year, about 15 per cent of the 4.7mn b/d produced in Canada, which is by far the US’s biggest source of foreign oil....
...The number of rigs in operation has picked up in recent months, led largely by private companies, but oil output of 11.8mn barrels a day remains well below the 13mn b/d peak from before the pandemic....
...Why does the same company get an AAA score from one provider but a B from another?...
...Buffett’s class-A stock has 10,000 times the voting power of the class-B common stock that is more widely held by the general public....
...One adviser involved in the transaction said it was perhaps the ugliest professional experience they had been through, noting that both company’s management teams actively hated each other....
...The company is in the process of preparing to apply for a public fund management licence that will allow it to manufacture and distribute funds to retail investors in the market....
...And then I think over a period of time I'd like to think we'll excel in those areas....
...Adnoc, which said the joint venture would unlock capital that can be deployed in growth initiatives, is accelerating plans to raise its 4m barrels a day oil output capacity to 5m b/d, and is targeting gas...
...The organic growth decline is similar to 2009 but we assume a more muted margin impact of 200 b.p’s vs 300 b.p.s’ – this reflects WPP has anticipated the slowdown & the likely availability of some Government...
...Airline industry body IATA forecasts a gradual capacity recovery in Q3, down 33% globally compared to down 65% for Q2. In Europe, which accounts for two-thirds of SSP’s revenue (inc....
...As noted by the International Energy Agency, non-Opec supply will accelerate from 1.9m barrels a day to 2.3m b/d next year. The other side of the coin is weaker growth sapping demand....
...Lars Windhorst, the controversial German financier, has attracted fund management heavyweights Martin Gilbert and Marc Lasry to sit on a revamped advisory board for his rebranded investment company....
...News of Pat Val’s sale to management landed in inboxes within hours of KPMG’s insolvencies bulletin. Matthew Koder: power surge Companies are known for indulging the foibles of their bosses....
...It could either be a) CITIC Capital's January purchase of French beauty business Axilone b) Oaktree's sale of serviced apartment company SACO to Brookfield Asset Management for £430m in February or c) buyout...
...We thought we'd turn our attention to a corner of that expanse, $23bn worth of investment properties....
...It comes up for most big mergers these days: if big company A does not — or is not allowed — to buy big company B, even bigger companies C or D will crush both....
...A version of this article was first published by the Nikkei Asian Review on October 24 2018. ©2018 Nikkei Inc. All rights reserved....
...Those ranked A or B enjoy bonuses and can be fast-tracked to managerial positions at age 30....
...Exhibit D is another retail entrepreneur who became embroiled in a row over a company disposal. For a while it was my duty to call him and seek his feedback on FT coverage in the interests of fairness....
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