Hints and tips:
...“As far as I know, The Henderson seems to only accept tenants of top-notch quality,” says Ricky Tsang, director of corporate ratings at S&P....
...The value of short positions against Argentine bonds lent by international custodian banks is currently $41mn, a sharp increase from $25mn ahead the mid-August vote, according to data from S&P Global Market...
...HR positions are now more likely to be considered part of the “C-suite” than five years ago....
...By June next year, S&P Global is predicting the US default rate will rise to 4.5 per cent, up from 1.7 per cent at the start of 2023....
...Adam Abbas, the co-head of fixed income at Harris Associates, said markets were “effectively” closed for triple-C rated companies looking to raise debt, raising the spectre of “a natural default cycle”....
...It is a clearout that mirrors the CEO turnover after the 2008 financial crisis, according to Luke Meynell of executive search company Russell Reynolds Associates....
...this article: Job sharing is one route to gender equality in C-suite / From Mary McCarthy, Dublin, Ireland...
...Ethan Ilzetzki, associate professor of economics at LSE: The UK will lag behind other developed economies in 2023....
...to the crosswords The following people are winners of the Monday and Saturday puzzles Crossword 16,425: Bill Stewart, Leicester; R Harpur, Herefordshire; Martyn Abbott, Lincolnshire Polymath 1,065: P...
...And you don’t hear much complaining when the industry does beat the S&P, as was the case in 2018....
...Our last published fair value of 440p (29% upside) is equivalent to a P/TNAV multiple of 0.79x....
...The stock trades at 21x FY22E P/E. During the lockdown, we have seen major brands, i.e....
...Associate/JV income of $421m is 27% below consensus $574m....
...“Running assets for a P&C focused insurer is different from managing the savings accumulated though life insurance products,” said Mr Holmes....
...I am buying triple-C credit in the high-yield junk bond market, triple-A CLOs (collateralised loan obligations) and triple-B corporate bonds. “An inflation breakout would worry me....
...We value JE using a sum-of-the-parts model comprising the UK, Canada, Australia and the iFood associate, which is a significant element (c.10%) of the group valuation, using a combination of sales multiples...
...Tony Yates, macroeconomic policy unit research associate at the Resolution Foundation: No....
...Michael C Fina, a well-known New York jeweller that shut its physical store in 2016 in an effort to shift online, closed for good earlier this year after almost 85 years in business....
...The M came off first, then the P. Soon the T, R and U were gone too....
...Most investors associate that setting with high recession risks, which is why 2019 could be the true late-cycle year when almost every asset underperforms cash....
...New hires include Mike Cooke, formerly at TA Associates on technology investments, has joined as vice-president. Bilal Chaudhry, who worked at KKR, is now senior associate at Apax....
...Chris Humphrey is a Research Associate at the Overseas Development Institute, specialising in development finance. Back to beyondbrics...
...“There will be a lot of c**p that clients won’t pay for and that is when the big cuts [to the analyst workforce] at the global banks will come....
...Tightened underwriting is to bring the loss ratio in its core P&C unit to the key 60 per cent threshold....
...(Data from Cambridge Associates make the picture look a bit better.) Just imagine how badly you’d do if you invested with general partners who are below average....
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