Hints and tips:
...Monday France, Germany, Italy, Japan, UK, US: S&P Global/Cips/HCOB manufacturing and services purchasing managers’ index (PMI) data Germany: monthly retail sales figures Results: Cranswick Q1 trading...
...CS’s prime broking business has already been shuttered and management is quietly rolling off the risk....
...As an illustration, here is a chart of Google’s annual sales growth, compared with Apple’s....
...Or if you’ve just got a lot of leveraged repo or interest rate swaps without huge amounts of excess collateral and your collateral value drops at the time that your P&L starts to stink and variation margin...
...Theoretically, the sale and export of scrap copper is carefully controlled by South African officials....
...The meanders of the great Syr Darya, Alexander the Great’s Jaxartes, lay ahead beyond the fields....
...They illustrate their argument by comparing the paths to success of the richest people in Mexico and the USA (p. 39)....
...This is however negligible in the wider context of the P&L and the land bank, with the impact on future gross margin of 17bps small and which will likely be mitigated....
...If EZJ can succeed in meaningfully reducing its costs this should lay the foundation for better future profits....
...RB's unmatched P&L flexibility is paving the way for fast improving market share momentum, notably in the 20% of its cells that have been persistent underperformers. ... and for Unilever, a €43/£40 target...
...If you want somewhere to start, we recommend this summary from 2003 by Mark P. Holtzman, Elizabeth Venuti, and Robert Fonfeder at the CPA Journal.) And what of Mr Fleisher?...
...Here’s Investec (sell) to summarise: [L]ockdowns are impacting consumption in North America (c. 30% of sales), Europe (c. 20% of sales), India (c. 10% of sales), Africa (12% of sales) and many countries...
...through the P&L....
...L’Oréal Sector: cosmetics / HQ: Paris, France Key stat: Online sales jumped 53 per cent in the first quarter....
...Sales totalled $7.6m – more than 2.5 times the already-high auction estimate....
...a third-round of lay-offs in a year doesn't quite sit right with us....
...If more companies shut down or lay off workers, growth will take longer to recover even when Covid-19 passes....
...Despite its name, Pepsi’s strongest unit is its snack group, Frito Lay North America. This generates a quarter of group revenue but more than 40 per cent of profit....
...The progress through the year will also be erratic, as it will be contingent on the interconnected “3 P’s” of the pandemic, psychology and policy....
...strategy that largely built on her predecessor’s legacy through international expansion and a recognition that people wanted to eat less salt, fat and sugar in their diets — a challenge for the maker of Frito-Lays...
...To the south lay the Brecon Beacons. To the north a flat-topped, smooth-faced escarpment stretched away towards Hay....
...While Mr Peltz did agitate for a break-up of PepsiCo, when Trian took a $1.2bn stake in the soft drinks and Frito-Lay snacks group in 2012, Trian said on Monday that it was not advocating a break-up of P...
...Some efforts were made to lower the uncertainty for companies when they lay off workers....
...“It’s the most concentrated audience you can find, especially for a mass appeal product like ours,” says Jen Saenz, chief marketing officer at the company’s Frito-Lay division....
...Mr Peltz agitated for a break-up of PepsiCo when Trian took a $1.2bn stake in the soft drinks and Frito-Lay snacks group in 2012....
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