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...Net revenue at Avon International fell to about R$1.46bn ($295mn) in the third quarter, down 2.3 per cent year on year on a constant currency basis with higher pricing offsetting an expected shortfall in...
...Over the past 10 years the size of its buyback scheme dwarfs both its R&D spend and the buyback schemes from peers, adding up to a total of $658bn, according to data from S&P Global....
...“It is a coming of age,” said Howard Silverblatt, senior index analyst at S&P, of the dividend announcement....
...Business and consumer confidence also expanded with the closely watched S&P PMI survey indicating private sector activity grew at the fastest pace in eight months in January....
...That compares with 6.8 per cent at Volkswagen, on S&P Capital IQ estimates. Being big also means that necessary investments, in new models and R&D, are less of a drag....
...The Mag 7 re-invests 60% of their cash flow from operations through growth capex and R&D. This reinvestment rate is more than double the 26% of the Tech Bubble 5 and about 3x that of the S&P 493....
...Back in May, when the staples sell-off began, yields for S&P 500 staples were about 2.5 per cent on average, only a bit better than the wider market....
...A recent market theory is that stocks should trade higher because r-star (the neutral rate of interest) is making financial conditions easier....
...Global construction PMI data Results: Alfa-Laval Q4, Amgen Q4, BP Q4, Eli Lilly Q4, Ford Q4, H&R Block Q2, Gartner Q4, Infineon Technologies Q1, Linde Q4, Mitsubishi Q3, Nintendo Q3, Omnicom Q4, Prudential...
...Pre-salt production rose from 41,000 b/d in 2010 to 2.3mn last year, fuelling record annual profits of R$188bn (US$39bn) and dividends of R$216bn at the company....
...This means that the S&P 500 relies to an even greater extent on hope rather than fundamentals....
...China’s pharma researchers do a lot of R&D of their own, but do not seem to produce many blockbusters....
...The move comes after Washington announced it was deploying a carrier strike group, led by the USS Gerard R Ford aircraft carrier, to the region....
...But how much more again comes down to whether you reckon the likes of R&D should be expensed or capitalised....
.../ From E R Yescombe, YCL Consulting, London N10, UK...
...Of the R$1.4tn ($290bn) of investments targeted by 2026, there is to be $76bn of federal funding....
...It follows a period in which the firm built up a significant business auditing Chinese real estate groups: PwC has also acted for others that have struggled, such as Country Garden, Sunac, R&F Properties...
...Could well be, though it would mean the popular Shiller p/e ratio, which is very high now, has misfired....
...They are probabilistic bets on successful R&D: most of the time your investment goes to zero, but occasionally you’ll get a massive outsized return....
...S&P Global upgraded it to BB+ in December. Some analysts believe a further shift higher could happen relatively soon, which could pave the way for the company to start paying a dividend again....
...The current top 15 to 20 gainers over the past 12 months in a wider benchmark of larger and smaller companies, the S&P BSE 500 index, “have historically delivered, in the past 10 years, returns which have...
...Meanwhile government spending and investment, notably in R&D, have added to headline GDP for five quarters running. Underlying trend growth is arguably closer to 3 per cent than 2 per cent....
...Meanwhile, Unilever announced a near €1bn increase in marketing, capex and R&D for 2022, reversing a period of shrinking investment in the business....
...Its forward P/E is just 15. We’re still searching for good stock picks. If you’ve got a candidate, email us: robert.armstrong@ft.com and ethan.wu@ft.com....
...This article has been amended since publication to include the total amount of US corporate nonfinancial debt Letter in response to this article: Economists search for R-star to guide them / From Paul...
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