Hints and tips:
...As a reference point, a USD10/bbl move in our long term oil prices impacts our fair value on Shell by c. USD35bn....
...at the ‘C-suite’....
...Q4 2019 u/l PBT beat “rebased” consensus expectations by £111m (13%), though the outlook statement is somewhat sobering. ......
...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. .....
...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....
...C....
...So an L-shaped recession in terms of trend growth but not the level of output....
...A.C. Bradley confessed in his influential Shakespearian Tragedy (1904) that, much as he revered the works, he took no pleasure in seeing them performed. He preferred to read them as novels. L.C....
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