Hints and tips:
...The junk bond market entered free-fall, leading to a wave of bankruptcies....
...“There is strong evidence of a ‘V-shaped’ recovery in Asia,” said chief executive Noel Quinn. “We will not put our strong balance sheet and liquidity at risk . . ....
...Chief financial officer Ewen Stevenson told the Financial Times the bank was expecting a “much sharper” V-shaped recession, with any recovery pushed further out into 2021....
...He is also encouraged by a “V-shaped” recovery in Asia, its largest market, and less dire forecasts for UK consumers....
...“I’m not going to get into speculating on what actions may or may not be taken between respective governments,” said CEO Noel Quinn. “It’s not my role to do that....
...management is guiding for volumes this year to be down c.40% and there will be a “knock on impact on 2021 delivery”, broadly in line with our expectations for FY20 volumes -39% and FY21 -19% below 19 levels; v)...
...Noel Quinn, the interim chief appointed after John Flint was ousted last August, is the other candidate....
...Martin starts his column by highlighting the contemporary resonance of a quote from Joseph Goebbels on people v parliament....
...It will go on the market next year....
...Anthony Codling, analyst at Jefferies, says the market has “a lot of faith in Leo” but there are some issues that even he cannot resolve....
...The African art market is young but growing rapidly, and this showcase will speak to art enthusiasts as well as collectors....
...Mark Quinn, a partner in the reward practice at Mercer, a consultancy, said many employees at bank-owned groups would feel “a touch wrongfooted” by the outcome of the Ucits V vote....
...It’s not the only idea around: cashmere king Lucien Pellat-Finet, for example, eschewed maths for the art market, collaborating with Marc Quinn to create three sweaters with Quinn’s famous flower series...
...But building on her coverage of the collapse in global financial markets, Tett, an FT assistant editor, explains how the market brought destruction on itself....
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