Hints and tips:
...*This article has been amended to clarify that it was the boss of P&O Ferries involved in firing 800 crew over Zoom....
...Separated from the audit division, consultants in the US alone would be free to chase business at close to a third of S&P 500 companies, including tech giants such as Google and Amazon, that are currently...
...“This is about giving P&O a long-term future or closing it,” he said....
...Finishing off the evening was Constellations by Emma O’Halloran, winner of Morrison’s Next Generation contest, with a newly commissioned opera on the programme for next month’s Prototype Festival in New...
...O....
...Read all our Geography picks here Business: Peter McGinn picks for People: P&O Ferries sacks 800 sailors and halts crossings for days....
...Stephen Furlong, an analyst at Davy, said that more popular routes could also be hit with overcapacity if airlines shift resources from Asia....
...Morten O. Ravn: Hopefully not....
...Smart read Ferry operator P&O has sparked outrage in the UK by sacking almost 800 staff, who will be replaced by agency workers paid below the minimum wage (a manoeuvre that is legal because the ships operate...
...DD’s Rob Smith and Arash Massoudi and the FT’s Stephen Morris set it all out in this deeply-reported tale....
...Blackstone founder Stephen Schwarzman received at least $615m, while Apollo’s Leon Black took home at least $225m....
...Middlesbrough; Heather Morrey, Sussex Polymath 1,037: Michael Crapper, Whitchurch Crossword 16,254: Richard Heaton, London; Hector Langfeldt, Birmingham; Saira Kamaly, London Polymath 1,036: Eamonn O’...
...How long will partners be waiting at A&O? “If business continues to perform well then partners will be paid as normal”, its finance chief said. Better get billing....
...Stephen Roach, writing in the FT, says the death of inflation has been exaggerated and after the pandemic we may need it....
...Failure to act promptly is a risk, one that William O’Donnell at Citi flags up via the bond market pulling 10-year yields further below those of short-dated maturities, an inversion that sends a message...
...Persimmon trades on the highest P/NAV, but its land bank and margins warrant that....
...Yesterday afternoon we looked at what happened to the S&P 500 in the week, six months, and one year after these last 7 emergency cuts....
...On our new forecasts, the valuation is FY21 7.5x EBITDA, 7.8x P/E, 13% EqFCF yield and 6.5% dividend yield....
...“It makes sense to keep the machine going,” said Stephen Ketchum, founder of Sound Point Capital, a $20bn hedge fund and CLO manager....
...The age of chief executives is “definitely a factor” in bank deals, says Stephen Scouten, a bank analyst at Sandler O’Neill....
...Blitzer was in charge of overseeing the composition of the S&P 500. More here....
...Of the 4,322 CLO tranches that were rated by S&P Global Ratings before 2008, only 38 tranches across 22 CLOs have defaulted, notes LCD, a division of S&P Global Market Intelligence....
...The S&P 500 fell 2.3 per cent before clawing back most of its losses and closing 0.6 per cent lower....
...Two years ago, Stephens opened his own factory in Hong Kong, and a smaller facility in Cheshire: “We took out a significant loan to make it happen,” he explains....
...O’Reilly Automotive rose on Monday, up 2.7 per cent to $215.15. It outperformed the broad S&P 500 index which weakened 0.2 per cent to 2,496....
International Edition