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...We est. that Citi’s market value implies an ROTCE of only about 5-6%, or about half Citi’s target of 11-12% in 2025E-2026E. (c) 1 LOB (“Services”) = almost all of Citi’s market cap....
...In early December Amgen released data from its phase 1 trial showing patients maintained double-digit percentage reductions in body weight — 11.2 per cent for those on the high dose — up to 150 days after...
...“The signals from Australia are not promising,” said Ed Collins, director at UK think-tank InfluenceMap....
...Gonzalez Rogers’ remedy would change this — a notable win even if it does not fully satisfy Epic....
...FURTHER READING: Complaint, Orlando Police Pension Fund v....
...The former sustainability chief was fired on March 11, one day before DWS’s annual report was released....
...After France v West Germany in 1982, TV commentator Georges de Caunes could still say that for Frenchmen of his generation, the kick with which German keeper Toni Schumacher felled France’s Patrick Battiston...
...For some, the $1.5bn bitcoin purchase is a non-issue. “Tesla’s bitcoin investment does not have an impact on its ESG score,” said S&P Global....
...Paid digital subscribers — who purchase a $13-a-month plan that does not require hardware — rose 382 per cent from a year ago to 510,000....
...The flagship iPhone 12 with a 6.1-inch display starts at $829, or $130 higher than the starting price for iPhone 11 — a move likely to please investors keen on seeing a higher average selling price....
...But third parties have documented widespread ratings inflation after the introduction of iOS 11....
...That does not mean robotaxis are dead per se, but the idea is now on life-support....
...Additional reporting by Patrick McGee in San Francisco...
...The iPhone 11 Pro Max, the new flagship triple-lens camera device with a 6.5-inch screen, will start at $1,099, the same entry price as the company’s most expensive iPhone....
...One caveat: over the past 12 months, retail sales were still down 6.1 per cent in May....
...What does coronavirus do if you catch it? Subscribers can use myFT to follow the latest ‘coronavirus’ coverage...
...The GEO sees UK GDP falling by 11.2 per cent in 2020 and rising by 4.1 per cent in 2021. Our equivalent forecasts for developed countries overall are -5.4 per cent and + 4.5 per cent respectively....
...Xerox wants to give HP’s board its walking papers We’re all guilty of overusing the David v Goliath trope but in the case of Xerox and HP, it really does apply....
...For every 1% increase in car ownership, passenger demand falls by 1%; putting downward pressure on Stagecoach’s volumes....
...The $110 does not take into account further potential upside if there was significant cost-cutting given SG&A is currently $4.5B at GILD and R&D is another $4.5B....
...TATE has done sterling work on rebuilding its balance sheet and cashflow in recent years, reflected in FY20E ND:EBITDA (inc. IFRS 16) of 0.9x & 1.8x FCF dividend cover....
...And in the last two, three years, I've probably spent $10, $11 mill buying shoes. Now keep in mind, I started with $40....
...Related links: A message from the dear leader to the stakhanovites — FT AlphavilleShared mobility V.1, USSR edition — FT AlphavilleWhat Hertz tells us about the future of shared mobility — FT AlphavilleMore...
...Though he’s no longer at the stove, he does still issue corrections to service, and he also offers reading lists to his staff. Among the recommended titles is Master and Commander by Patrick O’Brian....
...Land has been sold — around 1,000 acres of it....
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