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...Brazilian cosmetics company Natura has explored offloading most of its Avon brand’s international business, as the group unwinds a series of high-profile acquisitions to focus on its home region....
...The stock has gained nearly 40 per cent over the past 12 months, outpacing the S&P 500’s 20 per cent rise....
...Over the past 10 years the size of its buyback scheme dwarfs both its R&D spend and the buyback schemes from peers, adding up to a total of $658bn, according to data from S&P Global....
...Microsoft — as the world’s largest company by market capitalisation — is the index’s biggest dividend payer in real terms, handing $22.3bn to shareholders on an annual basis, according to S&P....
...That compares with 6.8 per cent at Volkswagen, on S&P Capital IQ estimates. Being big also means that necessary investments, in new models and R&D, are less of a drag....
...There they can remain until they are so large they qualify for the S&P 500, or are flipped to another PE fund or rival company....
...Apple has invested at least $1bn in microLED R&D and even made a push into the actual manufacturing of the cutting-edge display technology....
...’ quarterly R&D spending....
...For instance, just one tech company’s recent gains added the equivalent of the market capitalization of the bottom 100 companies in the S&P 500, and the size of the crypto market doubled since last fall....
...Key economic and company reports Here is a more complete list of what to expect in terms of company reports and economic data this week....
...Pre-salt production rose from 41,000 b/d in 2010 to 2.3mn last year, fuelling record annual profits of R$188bn (US$39bn) and dividends of R$216bn at the company....
...It follows a period in which the firm built up a significant business auditing Chinese real estate groups: PwC has also acted for others that have struggled, such as Country Garden, Sunac, R&F Properties...
...China’s pharma researchers do a lot of R&D of their own, but do not seem to produce many blockbusters....
...S&P Global upgraded it to BB+ in December. Some analysts believe a further shift higher could happen relatively soon, which could pave the way for the company to start paying a dividend again....
...The move comes after Washington announced it was deploying a carrier strike group, led by the USS Gerard R Ford aircraft carrier, to the region....
.../ From E R Yescombe, YCL Consulting, London N10, UK...
...When companies take each other over, goodwill does appear on balance sheets however. Thus we would expect to see the S&P 500 trading above the aggregate value of its tangible assets....
...The company’s local chair Alexandre Baldy says the decision was down to Lula’s commitment to decarbonisation and his meeting with the company’s founder on a trip to China....
...We are seeing some of this already: defaults and bankruptcies rising closer to historical averages, growth companies pivoting to profits, small caps with weaker balance sheets underperforming the S&P 500...
...The current top 15 to 20 gainers over the past 12 months in a wider benchmark of larger and smaller companies, the S&P BSE 500 index, “have historically delivered, in the past 10 years, returns which have...
...Among companies that have reported (about 40 per cent of the S&P 500), nearly four in five have beat earnings expectations, with an average beat of 7.7 per cent, compared with a one-year average of 4.4 per...
...The company, which manufactures chips for just about everyone, jumped nearly 10 per cent yesterday after less-bad-than-feared earnings and sunny guidance. Its forward P/E is just 15....
...Lending standards also tend to be more exacting, while companies backed by private credit “are still dealing with the same macro environment that everybody else is”, notes S&P’s Kraemer....
...Meanwhile, Unilever announced a near €1bn increase in marketing, capex and R&D for 2022, reversing a period of shrinking investment in the business....
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