Hints and tips:
...peggy.hollinger@ft.com...
...Earlier this month S&P Global’s purchasing manager indices showed the sharpest decline in private sector activity since November 2020....
...Jpegmafia, who also goes by the un-rapper-like nickname Peggy, is originally from New York. He’s the one doing the hollering in “Lean Beef Patty”....
...Moreover, an analysis by rating agency S&P suggests UK banks have handed more of the benefits of interest rate rises to savers than their counterparts in Europe and the US....
...Join DD’s Arash Massoudi in London on June 28 at 6:30pm for an exclusive conversation with Cevian Capital’s Harlan Zimmerman, Goldman Sachs’ David Dubner and the FT’s Peggy Hollinger about the factors driving...
...During the same period, the S&P 500 rose by 46 per cent, against just a 16 per cent rise for Europe’s Stoxx 600....
...In “The P.S. Wings in the O.P....
...“The company exhibited proactive cash management in 2020 and that was appreciated,” said Renato Panici, senior credit analyst at S&P Global Ratings....
...Other rating agencies have in the past followed S&P’s lead on downgrades to Rolls-Royce’s credit rating....
...Smart read The shipping industry, which contributes close to 3 per cent of global emissions, is in for a decarbonisation awakening, the FT’s Peggy Hollinger writes....
...In the UK, which has given seafarers “key worker” status, industry has called on Jeffrey Sterling, former chairman of the shipping line P&O, to raise their concerns with Boris Johnson, prime minister....
...Eight of this year’s 20 large defaults have come from the consumer sector, S&P found, including US retailer Pier 1 Imports....
...S&P said it was cutting its long-term rating for the UK engineer, after a profit warning two weeks ago....
...S&P underscored the perilous state of the industry on Monday by downgrading its credit rating on Australia’s second-largest carrier, Virgin Australia, to B- from B+....
...S&P on Tuesday revised its outlook on Boeing from stable to negative, but retained its A credit rating. It cited the texts and concern that the aircraft’s return to service could be delayed....
...Additional reporting by Peggy Hollinger...
...Trucking could feel the pinch of lower volumes this week, said Peggy Dorf, senior market analyst at DAT Solutions, an online freight marketplace....
...The US Federal Aviation Administration on Wednesday warned that an updated P&W engine on certain single aisles ran the risk of stalling as a result of a “knife edge seal fracture”....
...According to the financial database S&P Capital IQ, there were even signs before 2015 that action needed to be taken to boost profitability....
...This week he could confidently tell investors that barring unexpected turbulence, the landing strip was in sight, writes Peggy Hollinger in London....
...John Syvret, chief executive of Cammell Laird, said the consortium would involve the A&P group of shipyards in construction and members of the broader UK supply chain....
...Meanwhile, the rapper P Diddy has emerged as the buyer of Kerry James Marshall’s “Past Times” (1997) for $18.5m ($21.1m with fees, est $8m-$12m at Sotheby’s), the highest price achieved by a living black...
...As the UK’s own fleet requirements dwindled, so too did exports, writes Peggy Hollinger....
...All but two percent of the issue at 75p a share was taken up, with underwriters BofA Merrill Lynch and J.P.Morgan Cazenove and Barclays finding buyers for the 13.6m outstanding shares....
...President — Peggy Noonan in The Wall Street Journal The State Where Everyone Wants to Be Governor — Frank Bruni in The New York Times The Trumps and Kushners may spell the end of the Wilsonian world —...
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