Hints and tips:
...Chanel, too, has invested in biotech company Evolved by Nature, which last summer raised $120mn in series-C financing, as well as Arcaea (which also received investment from fragrance manufacturer Givaudan...
...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....
...It is impossible to be precise but we think that in general when companies refer to “materially ahead” they are referring to c.10%....
...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....
...We think Covid has diminished the company’s capex-driven bull case and accelerated structural risks from streaming and PVOD through which studios generate superior economics....
...We note the c.30% premium to key peer Sodexo....
...We forecast an avg month-end net cash position in FY20 of c.£190m, (from £324m at FY19)....
...net debt of c£18.9bn....
...Some companies (such as Taylor Wimpey) escape....
...We expect EPS to fall c.40% YoY. We think the revenue growth outlook for Europe is as bad as the GFC, N. America could fare slightly better. Preference for FCF, superior ROIC in challenging macro....
...Shot: NMC Health plc (“NMC” or the “Company”) notes the recent media speculation and confirms that it has received highly preliminary approaches from Kohlberg Kravis Roberts & Co. L.P....
...Also weakness in L&S. And, for Remy specifically, we should also note a Credit Suisse downgrade saying nCov may be temporary but cognac brand dilution is permanent....
...On Monday, Anadarko said it had restarted talks with its rival Occidental after its board determined that the latest cash-and-stock offer would probably be deemed superior to the deal it agreed with Chevron...
...In such eminent company I feel I should be whispering and walking on tiptoe....
...Therefore, when we go to Maine in summer, I do not patronise the state’s most famous outdoors retailer, L.L. Bean because its founding family has long helped to fund the anti-abortion cause....
...You’d never guess it was only 2g/l dosage from how well balanced and fruity it tastes, so congratulations!...
...pretty face alone is no longer enough to compete in the world of watches. 7 Chopard Known on the one hand for its extravagant designs for women and on the other for the more sober men’s models from the L.U.C...
...A number of enhanced funds have sprung up for retail investors over the past couple of years, from managers including Threadneedle, Henderson and F&C....
...The highest grade – a C+ – was awarded to Hermés, L’Oréal, and LVMH. There is no established methodology for assessing the industry’s performance in the ethical and environmental area....
...Prahalad, C. K. & Hart, S. L. 2002. “The Fortune at the Bottom of the Pyramid.”. Strategy + Business, 26: 54-67. Sirmon, D. G., Hitt, M. A. & Ireland, R. D. 2007....
..., £14.99 Whole FoodsSweet undertow but very approachable. 13.5% L’Esprit du Chevalier 2003 Pessac-Léognan £13.99 MajesticLively, fresh and lovely....
...“I don’t mean this in a derogatory way at all, but I’m not Rupert Murdoch or Barry Diller, or someone like that who really is ‘L’état, c’est moi’,” he says....
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