Hints and tips:
...American Express Global Business Travel has agreed to buy rival CWT for $570mn in a bet on the continued recovery of business travel....
...Great headline on an interesting read from Oliver Balch on the booming world of engagement and wellness strategies and the people tasked with implementing them....
...Tim Reeve, V&A deputy director, said that, while the museum had benefited from record-high domestic visitor numbers, a drop-off in international visitors had held back demand....
...Oxy reckons its expertise in enhanced oil recovery — in which carbon dioxide is injected into the earth to release more oil — will give it a leg-up as the world scrambles to find ways to store carbon back...
...Share your ideas with us at imani.moise@ft.com and sid.v@ft.com. Happy reading!...
...Guedes said the country had entered a “V-shaped” recovery and would grow as much as 2.1 per cent next year, aided by investment commitments from the private sector of more than $100bn....
...UBS has appointed Oliver Gaunt and Abudy Taha, managing directors on its leveraged finance team, as co-heads of leveraged finance for Emea....
...“We remain cautious . . . we don’t see a V-shaped recovery therefore we don’t necessarily believe it’s the moment for us to jump in on risk assets in any major way,” Mr Dacey told the Financial Times....
...The proportion expecting a V-shaped recovery fell to 14 per cent from 18 per cent. The most widely held view was for a slower U-shaped rebound....
...“PMI numbers provide further evidence of what initially looks like a textbook V-shaped recovery,” said Carsten Brzeski, chief eurozone economist at ING....
...Without wanting to overstate it, I think theatre has a part to play in the mental health recovery of our country, not just the economic recovery.”...
...However, Mr Stackmann warned that the so-called V-shaped recovery in China was unlikely to be replicated in Europe, where the economy would be slower to improve....
...Yes, the numbers are bigger, but the shock, while not a V is shorter and sharper than that crash, and the pre-crisis fiscal situation was strong....
...Though Britain’s response to coronavirus has been riddled with flaws, one institution has emerged with its reputation enhanced: the NHS....
...Few economists are projecting rapid “V-shaped” recoveries and more pain is expected when government support schemes wind down in the autumn....
...The long-term prospects for the company might well be good. With an ageing population, demand for retirement housing will only rise. But this will not be a V-shaped recovery....
...The settlement, secured by culture secretary Oliver Dowden after weeks of detailed study of the problems facing the arts sector, includes £880m of grants for the financial year to April 2021....
...Appearing via video link from a locked down Madrid, Ms Botin said those estimates were based on a “V-shaped” recession — a sharp shock followed by a rapid recovery, but stressed this was only one possible...
...[T]he impact of the lockdown followed by a V-shaped recovery [suggests] European profit could contract by between 14% and 35% in 2020 depending on the length of the lockdown....
...pre-software intangibles write-down and FX) but the materially higher-than consensus impairments as well as the very cautious outlook commentary outweigh the positives on revenues and costs; 2) Revenues were 3.4%v...
...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...
...However, the two forecasts in the market (other than ours) that were formulated post-outbreak expect a V-shaped recovery (sales densities higher in FY21 than in FY19) and that feels very bullish to us....
...A ‘V’-shaped recovery in global activity may well ensue in the coming quarters, and propel equities beyond their recent peaks, while weighing on havens such as gold, the US dollar and sovereign bonds....
...Causeway Capital Management LLC, the LA hedge fund, has declared 4.88 per cent of Micro Focus....
...One top 10 shareholder in Saga said the financial hit was “a shock and very disappointing — there won’t be a V-shaped recovery, it is a resetting to a lower level”....
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