Hints and tips:
...The S&P Global Clean Energy Index, made up of 100 of the biggest such companies, is set for its worst annual performance since 2013....
...Sheeran wins ‘Let’s Get It On’ copyright infringement trial Ed Sheeran’s Thinking Out Loud © 2014 Asylum Records UK, a Warner Music UK Company Marvin Gaye’s Let’s Get It On © 2001 Motown Record Company L.P...
...Wall Street’s benchmark S&P 500 index ended Wednesday 2.5 per cent lower and the Nasdaq Composite fell 3.4 per cent after a volatile afternoon of trading as investors struggled to digest the Fed’s messaging...
...But that’s Tom Cruise: a tiny splinter of granite, chiselled straight from the rock of L Ron Hubbard, he’s never stinted in his commitment to serve the multiplex....
...“Buying a good idea at a bad price can make a terrible investment,” adds Ben Seager-Scott, head of multi-asset funds at Tilney Smith & Williamson....
...Anyway, here are names and links — we’ll let you make your own mind up: Liquid 2 Venture Fund III L.P . . . . Lake Nona Fund / LN Sports & Health Tech Fund I, LP . . ....
...The FT’s Ian Smith has more here. Bain’s £530m deal was announced last year and its terms set out last month....
...With an oil price war between Saudi Arabia and rival producers thrown into this already heady mix, the S&P 500 index of US blue-chip stocks had plummeted more than a third in a little over a month by March...
...On our new estimates, L’Oréal trades on an FY21E P/E of 32.6x, the highest premium versus the consumer staples sector for over 10 years....
...Get the full story from the FT’s Michael Pooler and DD’s Rob Smith here....
...to the crosswords The following people are winners of the Monday and Saturday puzzles Crossword 16,425: Bill Stewart, Leicester; R Harpur, Herefordshire; Martyn Abbott, Lincolnshire Polymath 1,065: P...
...The premium to Autogrill (P/E 21.3x) and WH Smith (21.1x) has reduced as SSP has derated. It remains a top pick for structural growth and self-help (margin upside)....
...UK national statistician Ian Diamond can even see a cliff edge in the form of an “L”. But stock market commentators have started using the language of psychiatrists....
...In the US, S&P 500 non-financial companies were sitting on $1.35tn of cash and equivalents at the end of June....
...We also note S&P’s CreditWatch on the BBBrating will be resolved when ‘financial performance and liquidity resulting from COVID-19 can be assessed’....
...Results from L&G, TT Electronics and Elementis. ... Hostelworld and Wizz Air both give light warnings due to the obvious. ... Malarkey Tuesday. ......
...Against the general trend, yesterday Ferrari confidently guided to a V-shaped recovery in its P&L from H2/20....
...Overall, while the stock trades on only 0.25x P/TBV there remains no visibility on when it will generate sustainable profits....
...On our current published forecasts, Royal Mail trades on a March 2020E P/E of 10.3x and EV/EBITDA of 3.6x (rising to a March 2021E P/E of 13.4x and EV/EBITDA of 3.8x)....
...K&L Gates has added David Owen as counsel to its asset management and investment funds practice. Owen joins from Allianz Global Investors....
...Shares in the San Francisco-based group have only risen 0.5 per cent since its initial public offering on March 21, compared with a 7 per cent rise for the broader S&P 500....
...In fact, it was the auditor’s insistence on booking these in the p&l that led to £28m of charges and a profit warning....
...Before accounting rules changed and forced companies to put equity compensation in the GAAP P&L, the underlying shares still appeared in the sections of securities filings that listed the details of stock...
...The Saks-owner is already very leveraged up; it is rated deep in junk territory by both Moody’s and S&P Global....
...However, the museum will not only show his collection — various collaborations are planned, with the Giacometti Foundation and the Swiss-based Fondation Gandur pour l’Art, among others....
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