Hints and tips:
...Travis Perkins said underlying profit for 2021 will be ahead of market expectations....
...Briefly Boohoo said it has agreed to buy the Burton, Dorothy Perkins and Wallis brands from the administrators of Philip Green’s Arcadia group. Boohoo will pay £25.2m in cash....
...In the long run, the latter dominates, Martin Wolf writes....
...Forty-five chief executives have been pushed out of US consumer companies this year, almost double 2018’s headcount....
...The wolf in cashmere It took 18 months to arrange lunch with Bernard Arnault, head of LVMH and the world’s third-richest man, but he was worth the wait....
...Reckitt Benckiser, Travis Perkins and Premier Inn owner Whitbread also report this week....
...For instance, in January, Kleiner Perkins — one of the longest-running companies in Silicon Valley — announced a $600m early-stage fund....
...The answer is likely the latter, and that may be a disaster, Martin Wolf writes....
...But Mr McDonnell told the Financial Times that companies had cried wolf about the introduction of the minimum wage two decades ago....
...“Everyone is talking about a recession,” said Jennifer Perkins, corporate partner at Kirkland & Ellis. Yes, recession. Why?...
...John McDonnell, the UK shadow chancellor, argues that the Conservatives must stop their political game-playing because voters need decisive action, and soon....
...My colleague, James Pickard, has a revealing — and often hair-raising — interview with John McDonnell, the UK’s shadow chancellor of the exchequer and therefore, quite possibly, the country’s next Treasury...
...Law firm Perkins Coie has hired Christopher Hagan as a partner in its corporate practice, where he will focus on private equity deals and M&A....
...Mr McDonnell has been keen to point out this week that his personal views are not the same as his party’s position....
...Mr McDonnell has made his share of outlandish pronouncements....
...The value arm, Perkins, Wolf, McDonnell and Co, has also done well. Janus is taking its stake in Perkins, Wolf, McDonnell from 30 per cent to 80 per cent, and owns 92 per cent of Intech....
...Perkins, Wolf, McDonnell and Co, its value subsidiary, also took $900m in the second quarter, offsetting declining assets at Intech, Janus’ quant division....
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