Hints and tips:
...An investor opposed to the deal, Energy Income Partners, pointed out that this position was a U-turn from a bullish management outlook offered as recently as 2022....
...Here’s GMO’s asset allocation team — which alerted FTAV to the issue — on the subject: • After a bruising 2022 for equities globally, Value stocks in the U.S. have become attractive in an absolute sense...
...The S&P 500 finished the day more than two and a half per cent higher. The tech-heavy Nasdaq gained just shy of three and a half per cent....
...So FT Alphaville sat down for a fevered quasi-binge of the show and tried to make sense of Succession’s financial plotline(s)....
...Reva is focused on bringing Ukraine’s cultural talents to an “international audience”: opening in New York in November is I Am U Are, a curation of Ukrainian art, design and technology....
...The U-turn addressed the threat posed to Woods and his management team by an activist investor campaign seeking a board-level upheaval and strategic redirection of the company....
...It’s written by Olga Cotaga and Luke Templeman (Luke is a former member of the Lex column mafia; we are everywhere)....
...Technology companies are blocking President Donald Trump from their platforms, renters fleeing U-S cities are straining the market for mortgage-backed securities, and Europe tries to enforce its investment...
...In the UK, we have never had such a poor record, including abrupt U-turns, in macroeconomic management....
...Even in one of the cleanest Vs in finance — the S&P 500 index of US stocks — the steep decline from late February to late March was marked by a series of fleeting mini pick-ups, of lower-case Vs that never...
...SE estimate of ~+$1.25Bn) vs. their US counterparts (adjusted 2Q aggregate earnings LOSS of $1.1Bn vs. SE estimate of a $600M loss)....
...Over to Alistair: [I]s there by any chance a convoluted link to the Wirecard farrago? . . . The potential link?...
...like the market’s telescope focusing on the upsweep of a U-shaped recovery and buying anything vaguely travel and leisure....
...We believe the 59% YTD share decline more than reflects the risks that M&S Clothing and Home sales struggle for an elongated period and we therefore move from U/R to BUY....
...Europe continued to perform well with pleasing recovery in S Europe & E Europe since May. In N....
...Andrea Dona, Vodafone U.K.’s head of networks, said if the government decides to strictly ban Huawei it would cost Vodafone “low-single-figure billions” to swap out its thousands of Huawei stations and antennas...
...Turning and turning in the widening gyre, the FTSE 100’s up nearly 1 per cent....
...The company has announced an interim dividend of $101m ($0.9531 p/s) and is launching a new $67.3m share buyback today....
...It is possible that France L&S and XL Bermuda are not in a position to pay dividends next year either....
...This compares to the S&P 500’s YTD decline of 15% and a 19% decline below its all-time high on February 19th. Valuations have contracted in the past three weeks....
...With 24% of companies having reported, earnings growth for the S&P 500 is at -16%....
...These factors mean that what was supposed to be a V-shaped trajectory in AxJ would look more U-shaped....
...But the current risk-off tone suggests markets are gauging whether the bottom rung of the anticipated U-shaped recovery will become a little more elongated during the summer and into autumn....
...According to sources, members of the board of LVMH Moët Hennessy Louis Vuitton called a meeting in Paris Tuesday night specifically to discuss the matter amid a deteriorating situation in the U.S. market...
...Recent studies have demonstrated that most of the shift is driven by the under 35 age group, who have a divorce probability of 18.1 per cent vs 37.2 per cent in the 55+ cohort....
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