Hints and tips:
...This includes the elimination of two inter-company business lines, new direct reporting from the LOBs to the C-suite for the first time ever, and collapsing of management layers from a remarkably high 13...
...$33.5bn for a company he doesn’t want....
...Bewkes asked AT&T management if they had enough money to properly invest in a global streaming service, which would entail years of losses, according to a person briefed on the discussions....
...The slack is only partly taken up by France P&C which is over distributing....
...RBC doesn’t like JD Sports: JD Sports has a strong track record and management team....
...Likely more U-shaped than V-shaped, as governments (and consumers) will be very cautious around the potential for secondary waving of infection; Scale of the recovery....
...Here’s Goodbody: Cranswick provided a Q1 trading update this morning reporting a strong start to the year with c.19% LFL sales growth (25% inc. acquisitions)....
...Ibstock reports brick volumes are currently c.-70% YoY and concrete c.-50%, while Forterra reports bricks and blocks currently c.-50% YoY....
...These factors mean that what was supposed to be a V-shaped trajectory in AxJ would look more U-shaped....
...).ii) Shift underpinned by active portfolio management....
...We remain firmly in the V camp mainly because like a Unicorn, U shaped recoveries coming out of a recession don’t exist, particularly when the recession is so steep like the one we are experiencing today...
...However, seven companies are now trading below their last repor t e d T NAV figures, with the most incongruous being the c60% discount for McCarthy & Stone and c30% discounts for Redrow and Vistry....
...WPP will also reduce is planned capex from £400m to v£300m....
...becoming a ‘U’....
...Estragon:I can't go on like this. Vladimir:That's what you think....
...Q4 2019 u/l PBT beat “rebased” consensus expectations by £111m (13%), though the outlook statement is somewhat sobering. ......
...Europe and the U.S....
...Governments won’t let businesses go into bankruptcy on a wide scale and won’t want debtors to take control of these companies, as they’ll be interested in wind-downs for the assets rather than flying planes...
...Shell management had previously indicated that the company’s sustaining level of capex was ~$20bn, assuming no spending on New Energies....
...DD’s Indap v NYU’s Damodaran: Is stock compensation good or bad?...
...Paying nearly $1bn for a little-known Canadian company with only C$150m in expected 2018 revenue does appear somewhat steep (Lex thinks so too)....
...The balance was put into a subsidiary that isn't limited by the terms of the company's agreement with its senior secured lenders....
...When asked if he wanted the GKN board to open discussions with Melrose over a possible bid, C.T....
...He draws an analogy to telecoms companies. “There is absolutely room for multiple players, like AT&T and MCI, there is not going to be one player in the market.”...
.... §§371c & 371c-1, made applicable to state nonmember insured institutions by section 18(j)(1) of the Act, 12 U.S.C. §1828(j)(1), as more fully described on pages 25 and 26 of the Joint Report of Examination...
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