Hints and tips:
...Put simply, biotech uses living organisms to create new products, technologies and solutions....
...“We invented a colour of compromise,” he jokes, continuing, “the solutions are always written in the building....
...I jumped off the plane and straight into Chi, The Spa, for a Sangre de Fruta treatment: a novel and utterly reinvigorating scrub, steam and oil massage....
...and construction delays....
...No sleepers travelled to Sofia, so I boarded the slowest train I’ve ever known, one with windows shattered like a jigsaw puzzle, inching in a straight line through mud flats and marshes sparkling with snow...
...The interior is exactly as serious as you might expect, solid and civic in scale and intent, depositing the visitor straight into museum space, dispensing with the preliminaries....
...The main 20-storey tower, built in 1961 and remodelled with the white and muted gold facade and clean straight lines characteristic of Mandarin developments, holds 34 apartments starting with 100 sq m one-bedrooms...
...Sadly, they don’t offer a prescription for drinking more espresso, my go-to solution for spiking flagging spirits....
...“Choosing not to own a car, I needed somewhere on a good train line to Geneva so that I can divide each week between the two places,” he says....
...Ultimately, the solution is more about finding lines of best fit than total perfection....
...The manufacturing and construction sectors are both likely to take a hit too....
...Below the line, 1H adj. EBITDA came in c. 2% ahead of street, although a touch below MSe....
...Refining capacity is to shrink c.30% by 2030, from c.1.7mbd to 1.5mbd by 2025 then to 1.2mbd by 2030....
...Le problème de la France c’est plutôt un problème de construction des inégalités, c’est pour ça que c’est par l’éducation et le social qu’il faut le corriger, mais c’est la formation des inégalités....
...at the ‘C-suite’....
...For Jupiter to trade in-line with the sector average, would need c£15bn of additional net outflows. Valuation....
...Margins reduced by 460bps in EQ Digital (previously Intelligent Solutions) and by 450bps in EQ Paymaster (Pension Solutions). Operating cash conversion was 68% vs. 83% last year....
...EV/EBITDA of 270x FY21 BBG consensus); after all, IFRS 15 means that the new Solutions contracts are only reflected in the P&L with a lag....
...Because of its merger with Sprint in Apr-20, TMUS's portfolio of spectrum below 6 GHz is now c.3x that of Verizon and c.2x that of AT&T....
...France L&S and Italy will not pay dividends this year, and XL Bermuda is unlikely to. The slack is only partly taken up by France P&C which is over distributing....
...Still we’d argue that they’re only a partial solution....
...PBT: £128m; Net Debt: £1,358m; FCF c. £25m. And Barclays (overweight, 115p target): Bottom-line....
...Bottom line, BP is moving step by step forward to reinvest itself....
...This sentiment is broadly in line with our view that market is moving towards MFC solution, which creates risks to Ocado growth and profitability....
...net debt of c£18.9bn....
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