Hints and tips:
...L’Occitane trades at 15 times next year’s earnings; Paris-listed L’Oréal is above 30, according to S&P Capital IQ....
...Overleveraged pub operators such as Marston’s and Mitchells & Butlers have already warned of the threat of inflation to their finances....
...Wheeler read about an investment company called Dimensional Fund Advisors, and how it managed passive funds focused on riskier but higher-returning smaller stocks rather than those that populate the S&P...
...However, the F&P aspects of regulated firms’ new responsibilities now offer them a way to short-circuit that and get shot of people in one swoop — by treating issues as the competence aspects of F&P.”...
...Peers Mitchells & Butlers and JD Wetherspoon tapped shareholders for funds this year. Amid the repeated lockdowns, Fuller’s revenue for the year to 28 March plunged by 80 per cent....
...Business Mitchells & Butlers, the UK’s largest listed pub company, is planning to raise £350m through a share placing....
...Half the money European investment-grade companies raised since March is sitting on their balance sheet as cash, says S&P. Weaker credits have also raised money....
...In our recent Breakeven Reboot report we argued that while Shell’s rating (S&P: AA-) is a key strength, its relatively high gearing, high demand-led exposure (gas, refining, petchems) and previously elevated...
...So I think what we’re doing is more important than ever,” said Simon Butler, director of Migrate Art....
...Cash on hand plus available credit cover last year’s interest costs several times at most listed groups, according to data from S&P. Marston’s and Mitchell’s & Butlers are exceptions....
...However, the bulk of its £1bn of debts is structured with steep penalties for early repayment — as is the case with another chain Mitchells & Butlers....
...We have already seen Apple and Nespresso advertise their engagement in the development of green aluminium together with Rio Tinto, while companies like Unilever, P&G and Tesco have recently signed the UK...
...The fund has narrowly outperformed the S&P 500 stock index so far this year....
...Restaurant Group stays “buy” post its recent cashbox, while Mitchells & Butlers is top sector pick with a 400p target....
...Meanwhile, Peel Hunt’s gone to “buy” from “add” on pub operator Mitchells & Butlers with a 300p target....
...E&P sector review. Lots of acronyms. We are more bullish EU Energy heading into 2020, seeing a year of vindication for the EU majors and the start of a more positive chapter for EU OFS....
...Oil exports from Iran have already fallen by up to 700,000 barrels per day since May according to authoritative estimates from S&P Global Platts and could fall by another 900,000 barrels per day by the fourth...
...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....
...In December, S&P looked at a sample of 50 LBOs from 2015 to see how their earnings over the following two years matched up to their initial adjustments....
...Other views Nick Butler — Chevron bid shows there is no place like home for US oil John Dizard — PG&E creates world-class hangover for wind and solar investors Neil Hume — Generalisations about coal are...
...Even in 2007, only 7 per cent of European leveraged loan issuance lacked these protections, according to data from S&P Global’s LCD....
...The S&P oil and gas exploration and production industry select index has dropped about 60 per cent from its peak in June....
...Other views Nick Butler — A radical outlook needs strategy to match Jamie Webster — Oil price volatility weighs heavily on energy investors Simone Tagliapietra — An opportunity for natural gas in the...
...An excellent, comprehensive study published last month by S&P Global Platts comes to the conclusion that oil will hold its central role in powering mobility for decades to come; 95 per cent of all transportation...
...Other views Nick Butler — Renewables boom fails to dent investment allure of hydrocarbons Nick Butler — Falling demand is the energy sector’s next challenge David Sheppard — Investors risk losing faith...
International Edition