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...But you can look out for the words Cabernet Sauvignon if it’s, you know, a wine from the southern hemisphere somewhere like Australia or Chile....
...That would be well below L’Oréal on 20 times and below the 12 times that Coty and L’Occitane trade at. Spain’s largest IPO in years is so far looking good. andrew.whiffin@ft.com...
...April 15-21, Via Guglielmo Pepe 16 L’Appartamento by Artemest Last year, Italian online furniture platform Artemest debuted L’Appartamento, an installation in a 1930s apartment that saw them ask six interior...
...It is also important that some interest in their art is already established. “It’s mostly people who already know the artists that buy [during Art Month]....
...interest rates weighed on asset values and, therefore, fees....
...This monumental trompe-l’oeil (until May 1) blurs the boundaries of time and place, fashioning a surreal architectural fantasy that draws a link between the grandeur of the station today and its history....
...Àlex Ollé’s new staging provides little of inherent interest and, as a result, few distractions from the music....
...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....
...The US military’s Southern Command on Sunday said it had also sent personnel into Haiti to bolster security for the embassy....
...It had sales of €130mn in 2023 and earnings before interest, taxes, depreciation and amortisation of €30mn — valuing the company at a multiple of 11 to 12 times ebitda....
...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....
...“Previously, older borrowers may have used [mortgages] for home improvement, travel or to help a younger family member get on the property ladder,” said David Hollingworth, associate director at L&C, a mortgage...
...L&G declined to comment....
...EU Economic Bulletin: The European Central Bank releases its snapshot of economic and monetary information upon which the institution bases its decisions on interest rates....
...The crunchy acronym was coined by Goldman Sachs for pharma companies GSK and Roche, Dutch chip company ASML, Switzerland’s Nestlé and Novartis, Danish drugmaker Novo Nordisk, France’s L’Oréal and LVMH, the...
...Good hair and a lofty valuation: a rare stumble poses the question, is L’Oréal worth it? Have a great week, Helen ThomasHead of Lexhelen.thomas@ft.com...
...When l told my wife, she asked if I’d lost the house (which we owned outright). l said, no, even l was not that stupid. She then laughed and said that it ‘doesn’t really matter much then’....
...Paris-based luxury group Kering in June purchased perfumer Creed for €3.5bn or about 23 times earnings before interest, tax, depreciation and amortisation, according to people with knowledge of the terms...
...But UK business has been brisk: rising interest rates have transformed funding levels in defined benefit pension schemes and enabled companies to consider offloading future liabilities....
...Higher interest rates should help Wilson’s successor António Simões via bulk annuities. L&G sells these to defined benefit pension schemes, capping their risks....
...Gomez’s compositions similarly function as indirect biographies, reflecting his longtime aesthetic interest in graphic design....
...Abby L Watson President, Groundwire Strategies Norristown, PA, US...
...Rising interest rates have lifted the funding levels of pension funds across the country and put many more in a position where they can do a deal with an insurer....
...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....
...But McKinsey’s sudden interest in cutting jobs cannot be blamed on AI....
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