Hints and tips:
...The share gains were fuelled by its fast-rising assets under management, which eclipsed $1tn for the first time, and its inclusion into the S&P 500 index....
...The results pushed shares in P&G, which had been little changed for the year so far, up 4 per cent in morning trading in New York....
...Schulten said P&G’s “consumer markets remained relatively resilient” globally....
...P&G’s sales volumes declined 3 per cent in the period, but the higher prices allowed the it to produce net sales of $20.1bn in the quarter, an increase of 4 per cent from the same period a year ago....
...The average pay of an S&P 500 boss hit $18.3mn in 2021, nearly four times more than that of a FTSE 100 chief at £4.26mn, while median pay stood at $14.5mn versus £3.4mn, according to the High Pay Centre...
...The benchmark S&P 500 index is up 13.6 per cent this year....
...Most large consumer packaged goods groups, including P&G, are still operating on tighter margins than they were before the pandemic....
...P&G, the world’s largest maker of household goods, lifted profit margins for the first time in two years after it pushed up prices for consumers at a faster pace than the rise in its own expenses....
...And KBW said last week that the firm may soon be added to the S&P 500 if Activision disappears from the index should Microsoft acquire the video game maker following a lengthy regulatory review....
...Over the past five years, it has changed its corporate structure in a push to be included in the S&P 500 index, propelling it to a $130bn market capitalisation that is larger than Goldman Sachs — some analysts...
...“We have the largest market capitalisation of any company in the US not in the S&P 500,” Blackstone president Jon Gray said in an interview with the FT last week....
...Gray even set up a LinkedIn profile that is now followed by almost 25,000 people and read by considerably more. Gray was upbeat when he spoke to Antoine last week....
...Gray, meanwhile, has ended weekly meetings by repeating his favourite maxim: “Stay calm, stay positive and never give up.”...
...The benchmark S&P 500 and the tech-heavy Nasdaq Composite each inched 0.1 per cent higher on Friday....
...The company argues it has the right of first refusal to review or match the terms of the Suns’ new deal with Gray Television and video tech group Kiswe....
...In “Global Aging 2023”, a sequel to 2016’s better-titled “Global Aging 2016: 58 Shades of Gray” (really), the rating agency has taken a broad look at what the oncoming proliferation of agèd flesh and crow...
...ESG concerns typically steer investors away from oil and gas companies, which have been the best-performing businesses in the S&P 500 over the past 12 months....
...As Lex notes, Tapestry’s dealmaking record isn’t great and analysts at S&P cut the company’s outlook to negative on the deal....
...“The whole global market is still set to be in a deficit by the end of the decade,” said Daisy Jennings-Gray, analyst at Benchmark Mineral Intelligence....
...By June next year, S&P Global is predicting the US default rate will rise to 4.5 per cent, up from 1.7 per cent at the start of 2023....
...HSBC, whose real estate lending has grown in recent years, still had only 11 per cent exposure, S&P said. Banks are not the only lenders, however....
...Perhaps those with most to worry about are the civil servants, who Gray is likely to name, resulting in disciplinary action....
...The Gray Man is set to become one, alongside Stranger Things, Bridgerton and others....
...However, a paper published in July (which we only saw recently, thanks to Wes Gray) by Alex Chinco of Baruch College and Marco Sammon of Harvard Business School has come up with a neat way to get a more...
...Boris Johnson attacks P&O Ferries for sacking workers — but is dropping the employment bill which could have closed the loophole which made that legal....
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