Hints and tips:
...It is possible that France L&S and XL Bermuda are not in a position to pay dividends next year either....
...L’Oreal’s been downgraded at Credit Suisse. Stock priced for a V-shaped recovery that’s looking increasingly unlikely, they say: Downgrade to Underperform (from Neutral)....
...Because of its merger with Sprint in Apr-20, TMUS's portfolio of spectrum below 6 GHz is now c.3x that of Verizon and c.2x that of AT&T....
...That’s the name of the product, not the PLC....
...Technological Enterprise....
...Thereafter, we enter Stage 3, when companies see some semblance of ‘normal’ and they begin cautiously to re-engineer for the next phase of evolution....
...Increased focus on the home, reversing some L-T adverse trends....
...HSBC has some discussion about V and W shaped recoveries; its own model resembling “the Nike swoosh” is made by combining a proper V in mainland China forms and more of an L among Western European and American...
...Here’s Investec (sell) to summarise: [L]ockdowns are impacting consumption in North America (c. 30% of sales), Europe (c. 20% of sales), India (c. 10% of sales), Africa (12% of sales) and many countries...
...Next currently trades at c.10.5x FY20 P/E but doesn’t offer its usual strong cash returns currently....
...Moderna has no approved products and no experience whatsoever of Phase III trials. Its mRNA candidates are a totally new class of medicines that are on the extreme end of the experimental curve....
...Mr Carreyrou, whose father is a well-known French broadcast journalist, said he would have preferred to hear her side of the story....
...Nigel Wilson, L&G It is critical that we maintain the principle of a unitary board and the accountability of all board members....
..., Inc....
...We note the principles endorsed by Leaders at the Major Economies Forum in L’Aquila, Italy....
...THE WORLD IS FLAT by Thomas L....
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