Hints and tips:
...The company also cut the dividend to $0.96 per share for a total of $1.2bn for 2023 — a 52 per cent fall on the year....
...Official figures showed the country’s population fell more than 2mn to 1.41bn last year, while its economy grew at one of the lowest rates in decades....
...It also cut growth forecasts for next year, downgrading to 1.3 per cent for the EU and 1.2 per cent for the eurozone....
...We rose for breakfast at 4.30am, and clipped into our skis by the light of our headtorches....
...For example, De Beers has begun tracking diamonds weighing 1 carat or more from mine to market using Tracr, a system based on blockchain and artificial intelligence....
...(Armstrong & Wu) One good read The liberal whisperer....
...In today’s newsletter: Bonus cuts at Goldman Leveraged loans: proceed with caution Goldman bonuses lose their shine Many bankers had hoped to ring in the holiday season conquering black diamonds in Vail...
...Five more stories in the news 1....
...Separately, the People’s Bank of China left rates for medium-term lending unchanged after most analysts had expected the central bank to cut them by 0.1 percentage points in response to mounting economic...
...These are much milder falls than the 6.3 per cent decrease in 2008-9 and the 4.5-4.1 per cent falls in the 1970s and 1980s....
...However, Randeep Somel, fund manager at M&G Investments, said the Fed remained “very conscious of making a policy error and having to go back and cut rates if the market slows down”....
...Although it only accounts for 4.5 per cent of revenues, it has elevated the brand and is a valuable customer recruitment tool....
...The average decline of the big six was 1.4 per cent, just a hair ahead of the broad market. The decline comes against the backdrop of very positive market sentiment....
...The pandemic brought rough seas to all industries, but shipping has come out of a tough crossing with its sails intact....
...For a rough handle on what this means in practice, for people in the richest 10 per cent globally, emissions need to drop to one-tenth of what they are set to be in 2030....
...This past April at the Karowe mine in Botswana, in an open pit sliced hundreds of metres into the earth’s crust, the mining company Lucara recovered a 1,758-carat rough diamond — the second-largest found...
...It also relaxed rules for those taking part in its rough diamond sales, allowing buyers to hand back the smaller, low-margin, stones....
...The shares are not expensive on a 2021 PER of 4.2x and we think management are pursuing a sensible turnaround strategy of investing in the better businesses and trying to sell the weaker ones....
... By geography, full year LfLs were +1% in the UK&I (Q1: +2.0%, Q2: -2.0%, Q3: +2% Q4: +2%), +4% in the Nordics (Q1: +4.0%, Q2: flat Q3: +3%, Q4: +11%) ,+2% in Greece (Q1: +7.0%, Q2: +9%, Q3: +6%, Q4:...
...Her engagement ring, another emerald, weighing in at 19.77ct, was cut from a stone once worn by a Mughal emperor, purchased from Cartier in 1936 for £10,000 (which equates to some £700,000 today)....
...Weighing in at ~7,000 words and with 84 references, G4S’s Wiki “controversies surrounding . . .” rap sheet is longer than the ones for the Legion of Christ and Grand Theft Auto V, though not quite as long...
...MSCI Europe has an energy weighting of 4 per cent, with the emerging markets benchmark holding a 6 per cent share....
...Without a concession by high noon April 1 he’ll instigate a rolling programme to remove one non-executive director every seven weeks....
...Right now one might hope in the future g=1 per cent-1.5 per cent and r=0 to -2 per cent, so could run persistent primary deficit of up to about 3 per cent of GDP. In the UK this is £60bn....
...Among the day’s sellside, The Hut Group gets a pre-IPO write-up from Liberum, which is one of the very few brokerages not on the ticket for its £4.5bn/£920m float....
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