Hints and tips:
...Not many managers are ready to do this — though some are beginning to ask their clients what they want (L&G and Aviva are ahead of the game)....
...I very much believe it's going to be a very strong third pillar for our business, and I think it could be a significant P&L contributor to our company, definitely within five years, and definitely within...
...“Europe is a good opportunity now,” says Gavin Launder, manager of the European fund at L&G, the investment group. “Governments are now quite keen to promote tech-savvy companies....
...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....
...“L&G offers a 6.3% 2020E dividend yield, 1.2% above the sector average. Pre-2016 L&G's yield averaged 0.4% above the sector.”...
...With top-line beat flowing through the P&L, core op. profit was +8% vs cons and core EPS +12%. ¾ of the EBIT beat seems inventory related. Q: What were the most noteworthy areas in the results?...
...L and net debt....
...Company commentary supports our view of limited direct impact to P&C : Hannover Re: noted a potential €200m loss across P&C and L&H; Munich Re: noted a €500m loss should all the events it covers for communicable...
...Against the general trend, yesterday Ferrari confidently guided to a V-shaped recovery in its P&L from H2/20....
...L’Oréal Sector: cosmetics / HQ: Paris, France Key stat: Online sales jumped 53 per cent in the first quarter....
...It certainly has the P&L profile of an online disrupter: it is taking longer to break even than originally expected and admits to “investment losses being more than internally planned”....
...It sells hair dryers and other electrical hair tools, including straighteners and curling tongs....
...T&L is launching two new “functional clean-label starches”. They sound yummy....
...Kesa Electricals was up 1.7 per cent at 57p after selling its French telecoms business for €40m....
...L. 11.50 Welcome to the Usain Bolt economy....
...True, the banking crisis wasn’t yet over and the economy was still contracting, but the worst was definitely past....
...York state and municipal pension funds (“NY Funds“) ostensibly on behalf of purchasers of the Company’s common stock and certain other equity and debt securities Argent Classic Convertible Arbitrage Fund L.P...
...Carphone Warehouse was in demand on Tuesday after the biggest electricals retailer in the US confirmed long-running rumours of stake-building....
...Shares in the electricals retailer rose 7.1 per cent to 129½p as rumours of interest from Best Buy, thelargest US consumer electronics chain, saw short sellers scramble to buy back positions....
...Observers also noted that A&L bought back 200,000 of its own shares on Wednesday, which it could not do if it was in talks....
...On L&G, UBS advised clients to buy and said the life assurer could announce a £1bn capital repatriation alongside Thursday’s half-year results....
...And best business book read recently: Mobilizing Minds: Creating Wealth From Talent in the 21st Century Organization, by Lowell L L Bryan and Claudia L I Joyce ………………………………………………………………………………………………………………...
...Its shares, 185p at the start of the week, advanced 7 per cent to 207¾p after the electricals retailer said it expected profits for the year to April 30 to exceed City forecasts, citing an improvement in...
...L&G jumped 7.1 per cent to 143½p on Friday, after results described by Tim Young, analyst at Collins Stewart, as “way ahead of consensus”....
...Among the mid-caps, Body Shop, which is being stalked by French cosmetic group L’Oreal, jumped 6.8 per cent to 267p and WH Smith firmed 5.8 per cent to 433½p....
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