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...The chief executive of L’Oréal, the world’s biggest beauty company, has predicted that price increases will slow this year after they helped to propel growth in the global beauty market for the past three...
...If the miss is rare, limited in scope and likely temporary, L’Oréal’s investment narrative should remain untarnished....
...In our view, this probably explains their strong re-rating (forward P/E of 27.2x), and why they are trading at a 110% premium to the STOXX 600 (13.0x)” wrote....
...As such the buyout does not look too shabby at 20 times this year’s operating profit on S&P Capital IQ estimates. But with more effort management might be able to double these earnings....
...Italian luxury bag and shoemaker Tod’s plans to go private in a deal with LVMH-backed private equity firm L Catterton, ending more than two decades as a public company on the Milan stock exchange....
...But what’s most entertaining is that the government goes ahead and shows the professor’s ongoing work calculating Alameda’s historical balances with FTX — basically the firm’s net P&L — from last year:...
...Goldman estimates that the median short interest in S&P 500 companies is still remarkably low at 1.7 per cent, but is up from 1.5 per cent at the end of 2021....
...Now, the Department of Justice is reportedly preparing to sue Ticketmaster’s parent company Live Nation Entertainment over anti-competitive practices....
...The poorest nation in the Americas, Haiti has suffered worsening violence and poverty since the assassination in 2021 of president Jovenel Moïse....
...That’s really problematic for the rest of us,” said John Duncan, co-lead for the Business Coalition for a Global Plastics Treaty, a group of more than 200 companies including Walmart, PepsiCo, and L’Oréal...
...A sizeable secondary sale is also expected from the Puig family, who will maintain control of the company via dual-class shares....
...S&P noted in a March 5 note that the company had just $44mn left of cash on hand and it expected Equinox “to be unable to generate sufficient cash flow over the next year to cover fixed charges” if it were...
...The real estate sector, full of companies that are particularly sensitive to interest rates, fell 4.4 per cent, more than double any other sector....
...International efforts to bring calm have been complicated by the reluctance of some nations to commit peacekeeping forces to Haiti after the failure of previous missions....
...Subdued consumer demand, rising wages and high interest rates, which hurt more indebted companies, had all contributed to the increase in the number of companies struggling to repay their debt, S&P said....
...However, the company would also take into account the potential benefits new teams could bring to grow the wider sport in the form of hospitality and brand recognition....
...The crunchy acronym was coined by Goldman Sachs for pharma companies GSK and Roche, Dutch chip company ASML, Switzerland’s Nestlé and Novartis, Danish drugmaker Novo Nordisk, France’s L’Oréal and LVMH, the...
...Free cash flow, however, reconciles those book accounting accruals of the P&L ledger to capture the real flows of actual dollars coming in and out....
...More companies have defaulted around the world since January than in any start to the year since the financial crisis, according to rating agency S&P Global....
...The S&P 500 eked out its fourth consecutive record high close on Wednesday, helped by several big tech names rising to new peaks....
...Berkshire bulls might object that the company has delivered slightly better performance than the S&P since 2019: 15.7 per cent annually to the S&P’s 14.1....
...The company’s shares were down more than 2 per cent in morning trading in London....
...“The median S&P 500 stock carries short interest equal to 1.7 per cent of market cap, well below the average of 2.2 per cent since 1995....
...French beauty company L’Oreal grew its sales in the third quarter despite a more muted than expected recovery in China....
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