Hints and tips:
...In 2018 Marshall’s “Past Times”, black figures picnicking and boating in reference to Monet’s “Déjeuner sur l’herbe” and river idylls, sold to rapper P Diddy for $21mn....
...“There are no equivalent 100 per cent mortgages in the standard market,” says David Hollingworth of UK mortgage broker L&C....
...Today, it employs more than 1,000 staff and serves a roster of multinational companies in the Philippines that includes Unilever, P&G, L’Oréal and Nestlé....
...They’re purists here and don’t offer it willingly, but the holy grail is a scoop of pistachio with vanilla soft serve on top. morellisgelato.com Mark C O’Flaherty Jones Ice Cream, Berlin Some of Berlin...
...Murano was the next port of call, where a series of glass oil vessels – referencing decorative grappa bottles common to the Tyrol of the 19th century – were made and handpainted with pretty florals....
...It is an exceptional work of art in a drab port city. But then, that’s the point. “Ponti always said he was an artist in love with architecture,” Licitra concludes. Gio Ponti Archives, gioponti.org....
...L-f-l rents down 27%: net rental income fell down to just £87.3m which represents a l-f-l fall of 27% (excluding premium outlets), as a result of covid and the reduced rent collection rate....
...Apart from negative l-f-l rental and value growth, we assume recapitalizations to an LTV of c.35% by 2021 lowering the EPS and NAV by c.49% and c.61%....
...We do not think that management would have referred to “strong cash conversion” and emphasized delivering if the beat in the P&L were not flowing through well to cashflow, so we believe that the commentary...
...Read more Iran will reintroduce lockdown measures in one of its busiest port cities on the Gulf following a surge in coronavirus cases, reports Bloomberg....
...However, the outlook is uncertain, rising one-offs make P&L valuations less relevant and cash conversion is declining. In addition, top management changes add another layer of complexity....
...L and net debt....
...The P/E troughed first in the GFC, then P and finally, much later, E (Figure 2). Earnings estimates do not turn until c.10 weeks after the trough in the market....
...Results from L&G, TT Electronics and Elementis. ... Hostelworld and Wizz Air both give light warnings due to the obvious. ... Malarkey Tuesday. ......
...That also meant “all of the increase in revenue YoY comes from the client P&L (client losses) and hedging income”....
...The company, based in the northeastern port city of Tianjin, said it might not be able to pay back a $300m bond due on December 16 and was drawing up a restructuring plan....
...L’Oréal Sector: cosmetics / HQ: Paris, France Key stat: Online sales jumped 53 per cent in the first quarter....
...“It’s the greatest port in the States. New Orleans is always going to be there. Because if it wasn’t for New Orleans, the United States literally would have never grown.”...
...The immediate effects of the storm have been to knock out more than 3m barrels per day of oil refining capacity, or 16 per cent of the US total, according to S&P Global Platts....
...There is an energy that comes from the cultural melting pot of a port city. L’Epuisette is the quintessential Marseille restaurant – it’s old and has a sense of faded grandeur....
...Angel L....
...This is the rug, conveniently separate to the P&L, under which RBS will sweep a £1.6bn extra charge for pensions. Grim-faced accounting mandarins say RBS must recognise this cost early....
...Doubles from €181 Hotel Brummell, c/Nou de la Rambla 174. Doubles from €94 The Serras, Passeig Colom 9. Doubles from €284 Casa Bonay, Gran Via de les Corts Catalanes 700....
...C’mon down y’all and live in a Wilsonville, a settlement conceived by Legal & General’s CEO Nigel Wilson....
...His new bikers’ dictionary P is for Peloton: The A-Z of Cycling was compiled with the journalist Suze Clemitson....
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