Hints and tips:
...Our back-of-the-envelope $1.5bn WW recurring sales for AZN assumes 250m doses p.a. for developed countries at c.$6 per dose, a discount to estimated US flu vaccine revenue/dose around $11-13 given likely...
...GILD’s c$15bn cost base vs $11bn core op.income, of which c$5bn lies in R&D/SG&A), but also require very significant job cuts at a time of global economic hardship....
...We also show the “true” trough P/E (i.e. with perfect foresight for actual earnings, not forecast). This tends to be c.20% higher....
...We remain firmly in the V camp mainly because like a Unicorn, U shaped recoveries coming out of a recession don’t exist, particularly when the recession is so steep like the one we are experiencing today...
...The Covid-19 vaccine(s) will prove a shot in the arm for both the UK economy and its peers....
...On Wednesday, rating agency S&P cut HNA’s “group credit profile”, implying that the company’s creditworthiness is deeply in “junk” territory....
...Radical policies should include rethinking the shareholder value form of corporate governance which has seen S&P 500 companies spend over $3 trillion on share buybacks in the last decade (to boost stock...
...During her final hours she called her mother after she was shot, screaming that she was losing a lot of blood. Jean C....
...This ranks CME among the three most profitable members of the S&P 500 index, alongside Visa, the card network, and Gilead Sciences with its $1,000-a-day hepatitis pill....
...The S&P 500 companies as a whole have spent more than $6 trillion on such payments between 2005 and 2014, bolstering share prices and the markets even as they were cutting jobs and investment....
...Market sentiment had been better in earlier trading following a rebound on Wall Street. The S&P 500 rose 0.7 per cent, helped by some encouraging earnings reports, after losing 2.7 per cent last week....
...Citigroup Inc. C -1.17% economists estimate that China will report a record $3.99 trillion in reserves within the next week.”...
...(Financial Times) The US “Volcker rule”, which bans banks from proprietary trading, will leave a grey area for regulators to police as they see fit, according to a senior Treasury official....
...The deal values Coastal at C$19 a share....
...Prices rose from a year earlier in 69 of 70 cities tracked by the government last month, it showed.”...
...Justice Department, accusing it of filing its $5 billion lawsuit against S&P in “retaliation” for the company’s downgrade of America’s debt in 2011.”...
...(Bloomberg) OVERNIGHT MARKETS: DOWN Asian markets Nikkei 225 down -187.31 (-1.48%) at 12,448 Topix down -12.39 (-1.17%) at 1,046 Hang Seng down -86.19 (-0.39%) at 22,140 US markets S&P 500 down -12.91...
...Copyright (c) 2013 Iain Martin Tuesday, 7 October 2008 ‘You’re in a bit of trouble’ Lord Myners to Fred Goodwin Outside London’s Ritz hotel, a chauffeur-driven S-Class Mercedes painted Royal Bank of...
...(Financial Times) Barclays plans to eliminate 275 jobs from its investment banking division at three New York City locations in May, according to a filing with New York’s Department of Labor....
...Australian S&P 200 pared losses of about 0.3% to be 0.1% lower, after the unemployment rate unexpected fell from 5.4% to 5.2%....
...Charitable Group (S) Hugh Burnett (E) C C....
...at 745.16 Hang Seng up +0.93% at 19,118 Shanghai Composite up +0.10% at 2,328 MSCI Asia ex-Japan up +0.80% at 477.25 S&P CNX Nifty Index up +1.03% at 5,091 Currencies €/$ 1.34 (1.34) $/¥ 77.69 (77.71)...
...+1.17% at 479.03 S&P CNX Nifty Index up +0.47% at 5,063 Currencies €/$ 1.34 (1.34) $/¥ 77.73 (77.71) Commodities Brent Crude (ICE) down -0.19 at 110.62 Light Crude (Nymex) down -0.16 at 101.12 100 Oz...
...“He said: ‘I love working for you but here’s an offer I cannot refuse: I get shares and to work with a local entrepreneur who wants to take his company global.’”...
...Wilful blindness had started life as a legal concept in the nineteenth century. A judge in Regina v....
International Edition