Hints and tips:
...Overall, while the stock trades on only 0.25x P/TBV there remains no visibility on when it will generate sustainable profits....
...Alongside EM, US stock funds added a further $8.6bn during a week that saw the S&P 500 and FTSE All World Index hit new highs....
...Wall Street staged an impressive comeback – the benchmark S&P 500 posted its biggest one-day gain in almost four years....
...The hits to the p&l from loan provisions and PPI are ending, and there is the prospect of a return to dividends, perhaps as soon as next year....
...Pierre Pringuet, Pernod’s chief executive, said that the growing wealth of Chinese consumers has created a new thirst for its Martell cognac and Chivas Regal whisky and that the company, which recently acquired...
...The research was critical in winning converts to commodity futures as an asset class, especially through vehicles passively tracking commodity indices such as the S&P GSCI....
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