Hints and tips:
...In 2017, a 37m-high rocket inscribed with Chanel’s double-C logo almost did, rising up like a NASA simulator at the end of its AW17 presentation....
...(iii) But the standouts were the tight operational controls with discretionary spend falling away – i.e. a c£5m travel spend falling to very little and less use of sub-contractors and of course salary sacrifice...
...We forecast an avg month-end net cash position in FY20 of c.£190m, (from £324m at FY19)....
...Increased focus on the home, reversing some L-T adverse trends....
...As a result, Ashtead now sees PBT for the financial year ending Apr-20 to be c£1,050m (-10% vs. previous consensus c£1,170m)....
...The group has c.2.7x ND/EBITDA against a covenant of 4.25x....
...Other names reporting this week include industrial specialist Melrose, home improvement retailer Kingfisher, defence contractor Babcock, the UK’s largest-listed tech group Sage and utilities Centrica, Severn...
...This tends to be c.20% higher....
...And with value likely to outperform both in the mild and severe scenarios, AXA is the pick among the multilines, L&G’s favoured in life, plus Prudential....
...United Utilities (H1) The UK water utility is expected to report higher earnings as incentives from the water industry regulator cushioned the blow of higher costs....
...Virtually all the other desirable attributes of a utility have been sacrificed to maintain dividends. Defensive? Shares in the French utility have halved over the past year....
...A news channel was a natural monopoly, a profitmaking public utility. Each channel was supposed to appeal to the maximum possible number of “normal” Americans....
...If the bet had gone wrong, Boeing would have gone the same way as the Glenn L Martin Company, one of the pioneers of jet aviation.”...
...“I would like to be able to afford to pay my rent, utilities and food.”...
...“La Belgique — c’est à moi,” he declared to his Italian pupil Paolo Pejrone in an atypical flash of pride....
...Just the odd vibration passing through the G.L.A.C.’s innards, set off by huge things, things at the scale of the city....
...Energy will remain his focus, though, including how to generate more renewable energy at a lower price and how to increase energy efficiency....
...BNP Paribas CSC Family Investments * Gentoo Group * Jaguar Land Rover * Nationwide Building Society * Pearson * Rothschild * Wates Group L’Oréal Prudential UK & Europe Warings Contractors Jaguar...
...Serco , which was in line to overtake G4S as Britain’s biggest prison contractor, lost 1.9 per cent to 558p....
...L-3’s contract had not previously been publicly disclosed, however....
...The French thriller The Big Picture (L’Homme qui voulait vivre sa vie) also goes around the world....
...Sell, in particular, Lockheed Martin, L-3 Communications and Northrop Grumman, according to the analysts. The latter two were down 3.44 per cent and 1.66 per cent, respectively, at pixel time....
...David Nish came from Scottish Power, a utility, to become chief financial officer of Standard Life in 2007....
...Le temps, c’est de l’argent. E-mail the Lex team confidentially...
...It had been talking to L-3 Communications, a leading US defence contractor. But L-3 had recently decided “it didn’t wish to work with us”, Mr Gallois told reporters in London....
International Edition