Hints and tips:
...A historic rally in world’s most liquid market may have reflected a “short squeeze,” writes markets editor Katie Martin....
...I think the extent to which, really, Putin has become the state, it's like maybe - I might be getting the French king wrong, but I think it's Louis XIV who said, l'etat c'est moi - I am the state....
...Capital & Counties, the owner of two plots in the capital and none whatsoever in the counties, is down a bit on a gloomy outlook....
...al, with just $9bn on legacy oil and gas....
...“L&G offers a 6.3% 2020E dividend yield, 1.2% above the sector average. Pre-2016 L&G's yield averaged 0.4% above the sector.”...
...Providers (ie Spotify, Apple et al), which improves SONG’s negotiating position. . . . . uh, great?...
...Causeway Capital Management LLC, the LA hedge fund, has declared 4.88 per cent of Micro Focus....
...Andrew Garthwaite et al at Credit Suisse has had a fiddle about with the model portfolio, resulting in insurers getting a push....
...Tongcheng Life, an online Chinese platform that facilitates group buying of fresh produce, has raised $200m in Series C funding....
...We now have the answer: there are £120m of new facilities contingent on a c£140m raise (a new 13.7% of the share capital will be issued soon)....
...Increased focus on the home, reversing some L-T adverse trends....
...Against the general trend, yesterday Ferrari confidently guided to a V-shaped recovery in its P&L from H2/20....
...GK says it offers services including interior design, communication and “vision”....
...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....
...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...
...Bookrunners said the Abu Dhabi investors Saeed Al Qebaisi and Khalifa Al Muhairi, better known as the Butti family, slotted NMC stock at £12 apiece, a 20 per cent discount to Tuesday’ close....
..., particularly hygiene disinfection services....
...Release the Rally Monkey....
...Given our view of a lower rate of u/l FCF, we think the release of LT deposits has been required to replenish lower 1H inventories in 2H and service ST debt....
...As a result, Ashtead now sees PBT for the financial year ending Apr-20 to be c£1,050m (-10% vs. previous consensus c£1,170m)....
...And GTA V’s publisher Rockstar has a history of delaying titles in the name of quality; GTA V, Red Dead Redemption, RDR2, Max Payne and L.A. Noire were all delayed....
...We forecast c.10-15% FY20 earnings decline in Construction, but Support Services should be more resilient....
...This tends to be c.20% higher....
...Press Ctrl+C. Press Crtl+V. Add share-price forecast: “Market perform”. OK, so that is being rather unfair. And perhaps a tad hypocritical coming from a journalist....
...Bombardier faces a markedly similar crisis after costs for developing its C Series ballooned from an initially projected $3.4bn to $5.4bn and introduction to service slipped from 2013 to a date currently...
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