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...European coffee group JDE Peet’s is replacing its two top executives as controlling shareholder JAB Holding seeks to shake-up the owner of L’Or, Kenco and Douwe Egberts following a long period of underperformance...
...L’Occitane trades at 15 times next year’s earnings; Paris-listed L’Oréal is above 30, according to S&P Capital IQ....
...Transfer Market Natalie Robyn is stepping down as chief executive of the Fédération Internationale de l’Automobile, the governing body for Formula One and other motorsports, after just 18 months....
...Abby L Watson President, Groundwire Strategies Norristown, PA, US...
...F1’s operating profit rose by 64 per cent to $392mn in 2023 from a year earlier, as revenues jumped to $3.2bn from $2.5bn....
...Traders will be scrutinising the latest non-farm payrolls report from the US Bureau of Labor Statistics, due later on Friday....
...Another short-selling aspect that often gets forgotten is how higher interest rates also help L/S hedge fund returns by increasing their cash returns....
...As such the buyout does not look too shabby at 20 times this year’s operating profit on S&P Capital IQ estimates. But with more effort management might be able to double these earnings....
...(Alphaville believes that using L’Oréal as an O is cheating, even if it makes your acronym look nicer.)...
...The group has a record of profitable exits — such as 2023’s $8.6bn listing of German sandal maker Birkenstock — and Tod’s has a good potential to turn into another success story, say analysts....
...The Granolas as a group have climbed 18 per cent over the past 12 months beating the Stoxx 600’s 7.5 per cent rise over the same period....
...Shepherdson argues that declining S&L tax revenue augurs poorly for future S&L spending, as this chart shows: It’s a reminder to investors that markets are sensitive to changes, not levels....
...Hong Kong’s Hang Seng index led the region higher with a rise of 1.8 per cent, while Japan’s Topix rose 0.2 per cent and Australia’s S&P/ASX 200 gained 0.4 per cent....
...Using national level S&L data back to 1955, we find that changes in revenues over the prior year account for 40% of the variance in S&L consumption and gross investment....
...Collaborators include Tame Impala’s Kevin Parker, mainstream pop’s favourite psychonaut, and former PC Music producer Danny L Harle....
...The S&P 500 closed 0.7 per cent lower on Friday, despite initially opening higher as investors weighed February’s non-farm payrolls report....
...The S&P Global Clean Energy index, which includes clean energy giants such as Ørsted, the wind farm developer, is down almost 60 per cent below its peak in January 2021 at the height of a frenzy over the...
...The moves came after data on jobless claims revealed further cooling in the labour market ahead of Friday’s closely watched non-farm payrolls report....
...A major farm fair in Paris descended into clashes between riot police and farmers as Emmanuel Macron pledged greater financial help for agriculture, in the latest sign of tensions across Europe over food...
...The investor group also includes private credit groups Ares Management and HPS, and L Catterton, a private equity group that invested in Equinox in 2017....
...populations who indeed lack essential nutrition that may be provided by accessing more eggs, dairy and meat — but food should be produced locally where it’s needed, not from unsustainable factory farms...
...Interest rate-sensitive stocks rallied on Friday, with the real estate and financials sectors the best performers in the S&P 500, which gained 1.1 per cent....
...The proof was in the earth; by most indicators the farm’s soil had got worse since they began their organic endeavours....
...The obvious exception is vintage port and similar bottle-aged, as opposed to wood-aged, ports from lesser vintages with a quinta (wine farm) name on the label....
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