Hints and tips:
...This article has been amended since publication to correct a calculation relating to gearing at S&P 500 companies. Terry Smith is chief executive of Fundsmith LLP....
...P&G’s shares rose about 85 per cent during that time and the US group followed through on Trian’s demands to simplify its structure in 2018....
...The Fundsmith Equity fund, managed by Terry Smith, has been popular given its geographical spread and investment flexibility....
...Like previous winners — including Helen Fielding and Terry Pratchett — Everett received champagne, a complete set of PG Wodehouse and will have a pig named after his winning book, a nod to Wodehouse’s fondness...
...In the FT yesterday, the fund manager Terry Smith took these ugly results and ran with them, presenting an argument against ever owning bank shares....
...Even if you didn’t ask for a plant-based (non-dairy) Terry’s Chocolate Orange at Christmas, you may still be watching Veganuary with interest....
...“Terry basically said, ‘this is sandbagging — your numbers are way off,” Yeung says....
...Top-10 shareholder Terry Smith, of Fundsmith, said it had “lost the plot” after seeking to define the purpose of brands such as Hellmann’s mayonnaise....
...The S&P 500 has tumbled 17 per cent since January but growth-oriented stocks have fared worse....
...Shares in the FTSE 100 company have trailed peers such as Nestlé, P&G and even Danone in the past year. Investors such as Fundsmith’s Terry Smith can expect Unilever to continue trying their patience....
...I selected a low-fee exchange-traded fund (ETF) based on the US S&P 500....
...P&G’s shares have sharply outperformed Unilever during that period. “Activist investors will look at P&G and say: Is there a similar thing to be done at Unilever?”...
...“Nelson is actually helpful,” says a person close to P&G’s board....
...Peltz’s stint at Unilever will probably be a smoother one than at P&G, where he waged a bitter proxy battle, Lex notes....
...US earnings: ConocoPhillips, Ralph Lauren, Under Armour, Activision Blizzard and Match are among 50 companies on the S&P 500 due to report on Tuesday....
...The best of these can be found in classic tartan at Fortnum & Mason (£110, fortnumandmason.com) and in snazzier patterned terry cloth at Pendleton (£120, mrporter.com)....
...Terry Smith, the influential UK fund manager, is more outspoken....
...through a zone of uncertainty, because earnings visibility remains elusive and fresh spikes of Covid-19 are occurring in the majority of US states, delaying and even rolling back economic reopening,” said Terry...
...Dorset; T Alderson, Stevenage; Amanda Riddle, Essex Polymath 1,003: R Rutter, Shropshire Crossword 16,052: Trevor Mason, Hertford; Gareth Daves, Newport; Charles Barraclough, London Polymath 1,002: Terry...
...The $20m in annual costs to keep the floor open “are not extraordinary”, said chief executive Terry Duffy. This story was amended on 5 May to add lines from Citadel Securities...
...Reaper Man by Terry Prachett (Corgi, £7.99) is on topic and very funny. — Brecon Beacon The Adventures of Huckleberry Finn by Mark Twain The funniest novel I’ve ever read....
...A study by Equilar recorded the median tenure for CEOs at S&P 500 companies as five years at the end of 2017....
...On our current published forecasts, Royal Mail trades on a March 2020E P/E of 10.3x and EV/EBITDA of 3.6x (rising to a March 2021E P/E of 13.4x and EV/EBITDA of 3.8x)....
...Terry Dittes, UAW vice-president, said in a statement on Sunday that the “negotiations have taken a turn for the worse”....
...My wife, Julia, was alarmed at first; I had to convince her it was nothing like a P&O cruise. From £4,940 pp for three nights; guntu.jp....
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