Hints and tips:
...The share buyback programme, which starts now and runs until January 31 at the latest, could feasibly be followed by the return of chunky special dividends....
...(Tamami Shimizuishi) French citizens demand more from climate change bill It was dubbed L'Affaire du Siècle, the case of the century....
...Increased focus on the home, reversing some L-T adverse trends....
...L-f-l rents down 27%: net rental income fell down to just £87.3m which represents a l-f-l fall of 27% (excluding premium outlets), as a result of covid and the reduced rent collection rate....
...Our forecasts assume the full £500m is invested in land in FY20, and that the benefit in the P&L is seen later 2022 but to a larger extent in FY23....
...Since 2016, we estimate the Kingfisher P&L has had an £81m transactional benefit from weaker sterling. FX could become a headwind once trade talks are agreed (or not)....
...S&P 500 futures triggered the limit-down circuit breakers at about 5am GMT, the index having bounced 6 per cent in the regular session....
...But when everything explodes, your P&L explodes with it, and that is what we are currently living through....
...Carillion has also requested that PwC be appointed by the courts as “special managers” to act on behalf of the official receiver and handle the liquidation of Carillion’s assets....
...A special team of officials has been created to assess the group’s financial strength....
...The Singapore-based company has created a special purpose vehicle called Trafigura Commodities Financing, which has raised $470m by selling senior variable funding notes to six banks including Natixis, Bank...
...Australia’s S&P/ASX was up 0.7 per cent. Hong Kong’s Hang Seng Index was up 1 per cent....
...Chief executive Nigel Wilson said: “We believe the UK remains a great place for us to help fill the huge funding gaps and under-provision of key financial products.”...
...From a low of close to $800 an ounce (oz) in January, the price has run up to over $1,000....
...Peter Grauer, Mr Bloomberg’s successor as chairman of Bloomberg L.P, earlier this month embarrassed the Labour party by signing a letter in support of the Conservatives only a day after Ed Miliband launched...
...(Financial Times) Nato claims Moscow funding anti-fracking groups: “I have met allies who can report that Russia, as part of their sophisticated information and disinformation operations, engaged actively...
...of €3.1bn, paid by Nestlé in L’Oréal shares (21.2m shares)....
...(Financial Times) “Thousands more victims of Bernard L....
...Public-pension funding levels have been a problem area for many states and municipalities.”...
...* China cash crunch deepens as PBOC withholds funding * Brazil to deploy police special forces to contain protests * China’s Wanda in £700m London development * Votorantim suspends $4.9bn Brazil IPO...
...(Financial Times) The SFO is set to receive around £2m in special “blockbuster” funding from the Treasury to back its investigation into Barclays’ emergency fundraising five years ago, the FT has learnt...
...ex-Japan up +0.20% at 549.52 CNX Nifty up +0.62% at 6,021 Currencies €/$ 1.29 (1.29) $/¥ 101.02 (101.45) Commodities Brent Crude (ICE) down -0.18 at 102.46 Light Crude (Nymex) down -0.59 at 93.56 100 Oz...
...ex-Japan up +0.36% at 467.25 CNX Nifty up +1.66% at 6,083 Currencies €/$ 1.29 (1.29) $/¥ 100.83 (101.45) Commodities Brent Crude (ICE) down -0.24 at 102.40 Light Crude (Nymex) down -0.60 at 93.55 100 Oz...
...The results indicated the Fed is paying special attention to trading book risk....
...(Financial Times) OVERNIGHT MARKETS: UP Asian markets Nikkei 225 up +229.93 (+1.86%) at 12,568 Topix up +12.05 (+1.16%) at 1,051 Hang Seng up +140.21 (+0.63%) at 22,256 US markets S&P 500 up +11.09 (+...
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