Hints and tips:
...With top-line beat flowing through the P&L, core op. profit was +8% vs cons and core EPS +12%. ¾ of the EBIT beat seems inventory related. Q: What were the most noteworthy areas in the results?...
...V, U, or L? The nature of Covid-19 growth impact means that some elements – e.g., production resumption, inventory restocking, and travel normalisation – would lend a natural rebound to growth....
...Will Wallis at Numis can give us the detail of the strategy review: We summarise the outcome as a focus on self-help, requiring upfront P&L investment....
...It gets straight to the point: We now assume an L-shaped RevPAR recovery (previously V-shaped), based on Jefdata consumer surveys, corporate guidance and industry forecasts. .....
...Peter Grauer, Mr Bloomberg’s successor as chairman of Bloomberg L.P, earlier this month embarrassed the Labour party by signing a letter in support of the Conservatives only a day after Ed Miliband launched...
...They were also considerably less robust, especially in the early stages of the recoveries, which tended to be shallow L-shaped affairs, rather than V-shaped....
...A judge in Regina v....
...With investors and analysts either unsure the recovery has been achieved, or waiting to see what shape it will take – choices include W, L, V, U, M – it would be surprising if the equity market was able...
...Its Global Index Bear Accelerator (SN01) produces gains equivalent to eight times the fall in the FTSE 100, S&P 500, or DJ Eurostoxx 50 indices....
...The US should manage to avoid an L-shaped recession – and may even escape with a short V-shaped recession....
...(n) appoints independent Constitutional Commissions in terms of the Constitution; (o) appoints service/executive Commissions in terms of the Constitution and in consultation with the Prime Minister; (p)...
...Given a lack of defaults, the instruments should perform fine if one can survive the P&L volatility of the tranches....
...THE WORLD IS FLAT by Thomas L....
International Edition