Hints and tips:
...Its new fund — known as Strategic Investment Partners V — plans to buy risky debt, including junior loans and convertible bonds, as well as preferred stock....
...takeover (FT) BAT investors call on tobacco group’s new chief to restart share buybacks (FT) SoftBank’s long-term debt rating cut deeper into junk status by S&P Global (FT) AI start-up Anthropic raises...
...S&P has rated the bonds single-B minus, among the riskiest ratings it assigns....
...“The aggressive growth era of US shale is over,” says Scott Sheffield, chief executive of Pioneer Natural Resources, the country’s biggest shale producer....
...Lawyers arrived in groups, trading gossip in hushed murmurs, occasionally breaking into laughter....
...Indian fintech raise $60mn to expand loans-as-a-service Lentra, a Mumbai-based start-up, has completed a Series B led by Bessemer Venture Partners and Susquehanna International Group, writes Jagmeet Singh...
...Since its founding in 2017, the company has raised $54mn from investors including Point72 Ventures, B Capital, March Capital, Reciprocal Ventures and FinTech Collective, and is on track to more than double...
...“It is a healthy correction for all of those ‘nice to have’ fintechs, especially series B and above”....
...Capital spending by this group could rise 30 per cent this year, he predicted in a recent note....
...Meanwhile, the International Energy Agency reckons the group is now underproducing its pledge to the tune of almost 800,000 b/d....
...That will drag down the overall issuer rating to a B level. Analysts at the research group Covenant Review also highlighted some weak investor protections in the deal documents....
...It has also posted lower returns than the broader S&P 500 stock index over that period....
...“It is something they would never have been able to do before,” said Lise Buyer, who founded Class V Group almost 15 years ago to advise companies looking to go public, after spending two decades as an investor...
...Index providers including MSCI, FTSE Russell, S&P Dow Jones Indices and Nasdaq have said they plan to drop Chinese companies from their benchmarks....
...All BFM’s funds had tickers — a code that identifies investment vehicles in regulatory filings and data providers — that started with the letter B....
...They never have discipline as a group, because they’re all competing with each other.”...
...Operators have shut wells and slashed capital spending in recent months. Conoco itself wiped more than a third off its planned capex this year....
...In August 2007, President Nursultan Nazarbayev of Kazakhstan was joined by his Chinese counterpart, Hu Jintao, in the Kazakh capital Astana to announce new pipelines that would carry gas from central Asia...
...B relative of small caps relative to large caps is well below its 2009 low and the yield relative is unusually high – P/Es are meaningless in the current environment with loss-making small caps back to peak...
...Reducing inventory is a major priority for the group; In the last 4 years, group inventory is up 27% to £2.5bn....
...Analysts at credit rating agency S&P Global have been working nonstop, downgrading 121 companies and warning of the prospects of another 176 groups in part due to the global health pandemic....
...A reminder, this select group accounts for one-fifth of the S&P 500, and drive the bus for the broader market....
...PH forecasts that based on estimated monthly cash burn of £36m and a possible working capital unwind of £100m, versus headroom of £200m, the pub group has until late August to prepare for a firesale....
...It will certainly require evidence of a V-shaped economic recovery to ignite demand for cyclical and value stocks....
...As companies try to conserve cash, dividend payouts have been postponed at groups, including Nordstrom....
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