Hints and tips:
...As befits an AI proxy, Intuit doesn’t look cheap on 36 times forward earnings. Smaller rival H&R Block trades on a multiple of only 12 times....
...Last year Bunzl’s acquisitions included a distributor of food service equipment in Spain with annual revenues of €5mn, and a hygiene products business in Brazil with annual revenues of R$210mn (£33mn)....
...This would be a so-called “debt-free, cash-free” acquisition....
...A decade later, even Gene Fama, the father of the efficient markets hypothesis, grudgingly incorporated it into his models....
...News round-up Morgan Stanley accused of duping ECB with fake Frankfurt job title (FT) S&P Global close to acquisition of research platform Visible Alpha (FT) Carlyle in talks with London airport owner...
...Subscribers rose to a peak of 3.41mn in 2019’s accounts, but this figure was restated as just shy of 2mn in 2020’s accounts, and then as 1.1mn in 2021’s accounts....
...The breathy shimmy of “Good At Breaking Hearts” is enriched by the gorgeous vocals of UK R&B talent JNR Williams....
...This was the construction of class through the acquisition of books....
...The shopping spree adds to an investment portfolio that already included minority stakes in Hugo Boss, Mulberry and N Brown....
...As Lex notes, Tapestry’s dealmaking record isn’t great and analysts at S&P cut the company’s outlook to negative on the deal....
...Gold bars, Bentleys, Hermès handbags, wads of cash, luxury apartments, a daring escape attempt and a police investigation that has captured global attention . . . the S$1.8bn money-laundering case gripping...
...“I was really enjoying playing with all these genres, but I think maybe it was confusing for people; they didn’t know whether I was supposed to be a pop star, alternative or an R&B singer....
...This created “reserves that they then spent on value accretion, such as acquisitions, R&D and capital investment, during the rebound phase,” says Asutosh Padhi, head of McKinsey North America....
...Harriet Clarfelt For example, there’s also a new rate called Sonia, S-O-N-I-A, which in the UK is being used, and there are other rates around the world....
...That wasn’t the case just months after the deal closed. Investors famously weren’t given a vote on the debt-heavy deal....
...De Bethune chief executive Pierre Jacques says the acquisition will make sense for its clients....
...The majority of Spacs are based in the Cayman Islands, the Caribbean tax haven, but a minority are incorporated in the US state of Delaware....
...For me, this answer doesn’t show a desire to co-operate,” she added. “I don’t see them wanting to resolve the problem together with the community.”...
...And however regrettable that “lad’s culture” may seem to people now, he was there to shape it and record it, and it wouldn’t have been the same without him....
...Magugu’s designs include a print symbolic of sisterhood that appears on a T-shirt, the Diorcamp bag and a silk scarf. charlizeafricaoutreach.org; dior.com N is for Ninety PercentThe Camden-based fashion...
...We should aim to at least double R&D as a share of GDP (public and private funding together)....
...“I don’t think we’ve seen the last of this volatility, especially when you think about inflation, the big R word [recession], broader economic uncertainty and everything going on in Europe,” said Cade Thompson...
...As Bloomberg pointed out at the time, that made it bigger than about a third of S&P 500 Index members. It didn’t last. The share price was largely wiped out on Thursday, plummeting 95 per cent....
...“Older people don’t want to live only with other older people,” she said....
...Investors who sell shares to a company in a buyback must pay only the capital gains tax, and those who don’t sell can defer their tax bill until they do....
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