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...Lewis said he did not have “any formal involvement” with Morrisons or MFG....
...Daiwa said: “We will continue to consider M&A in the US if we have the opportunity, and we are considering various projects.”...
...(Bond Vigilantes) — The Zero-Coupon Convertible (Lewis Enterprises) — The Cost of Money is Part of the Cost of Living (NBER) — Why It Took the US 51 Years to Get Back on the Moon (Bloomberg) — Corporate...
...Tesco veteran Jason Tarry will replace Dame Sharon White as chair of John Lewis and Waitrose....
...M&S and John Lewis, they will have to run faster.” M&S cannot afford distractions....
...Well, I’m still waiting. Stocks have yielded less than bonds ever since then. . . ....
...Lewis also flagged inconsistencies in what students across the country learn....
...“I’m not really into world records,” he says. “I’m interested in craftsmanship and making a very wearable, elegant watch.”...
...Secondly, I’ve rebooted my old personal newsletter Buy The Dip, and aside from literally talking my book(s) I’m primarily using it as a way to get Alphaville content out and into people’s inbox (which has...
...Waitrose is only slightly ahead of M&S in the grocery market, with a 3.6 per cent market share this month versus the latter’s 3.4 per cent, according to data provider NIQ....
...And here to talk to me about it is the FT’s Asia editor Robin Harding. Hey, Robin. Robin HardingHi, there. Sonja HutsonAll right, Robin, let’s start with the BoJ’s decision to raise interest rates....
...To help understand where the country’s going, I’m joined by two colleagues: Kana Inagaki is the FT’s Tokyo bureau chief and Leo Lewis is our Asia business editor....
...I’m interested, can you just tell us a little bit about Norway’s sovereign wealth fund? Robin WigglesworthWell, so Norway found oil many, many decades ago in the 60s....
...leo.lewis@ft.com...
...— has quite the job ahead of him, which he obliquely nodded to in the pension plan’s statement: “I’m grateful to CalPERS’ leaders for the trust they’ve put in me to help shape the pension fund’s next chapter...
...All that said, I’m a bit less worried about most of these factors than I was three-four years ago, for reasons that probably warrant a longer separate post someday....
...The writer is Robin Herbert’s son-in-law...
...I’m Sonja Hutson, and here’s the news you need to start your day. [MUSIC PLAYING] Shareholders dealt Thames Water another major blow yesterday....
...Marc FilippinoLeo Lewis is the FT’s Asia business editor. [MUSIC PLAYING] Marc FilippinoIn other market news, Reddit is gonna float....
Jon Fosse; more Michael Lewis, new Damodaran; Getty vs AI; space junk
...We’re still not talking massive power here, and it means that NBIM’s influence still trails WELL behind that of the main proxy advisers, Glass-Lewis and ISS....
...Despite a spate of aggressive M&A swelling its assets to $1.4tn, its share price has sagged over the past decade, giving it a current market cap of $13.6bn....
I like it, I’m not gonna crack
...It feels more like these three very idiosyncratic businesses are doing well or not for idiosyncratic reasons,” said Robin Zhu, games analyst at Bernstein....
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