Hints and tips:
...Our insurance team’s favorite life companies are Prudential and ASR We remain overweight of P&C Defensive: The sector should be agnostic to the cycle (having no correlation with HY spreads and PMIs) yet...
...Trade credit and offshore borrowing are subject to controls for prudential reasons, but they are relatively accessible for many companies....
...And this is why, finally, it’s funny in a way to see concerns that the bank may lose its ethical status under majority control of Aurelius et al, who are after all are hardly the most cuddly of customers...
...However, keep an eye on that share price: BSkyB shareholders seem a bit rattled by both the competition from BT et al and by the fact that Sky is down £160m on its ITV investment....
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