Hints and tips:
...Black British Artist Grant, an annual programme giving a leg up to figures within the arts and addressing diversity and visibility across the creative sector. a-cold-wall.com; community.samuel-ross.com B...
...C Coaching After Wimbledon, the men’s tour will trial allowing coaching during matches....
...They illustrate their argument by comparing the paths to success of the richest people in Mexico and the USA (p. 39)....
...Mackay, Delaware, USA Crossword 16,069: Steve Abel, York; Alan Cruse, Stockport; M McQuillan, Edinburgh Polymath 1,005: Mrs SM Fraser, Middlesbrough Crossword 16,057: G Dennis, Stratford-upon-Avon; Joanne...
...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....
...If the bondholders call in their debt, M&B could sell some of its 1,356 securitised pubs (last valued at c£4bn) to pay off c£1.7bn of notes and c£0.3bn of MTM swaps....
...The bulls will point to a P/B below 1, FY21e EV/EBITDA of 4x and EFCF Yield of 8% as evidence of clear value....
...G)....
...Unilever “needs to reinvent itself” and “needs to look more like P&G” by adding “later income cycle adopted products.”...
...Campari will be hard hit by COVID-19 due to high On Trade exposure, especially in core markets of Italy and the USA....
...P/E relatives are at levels from which the sector historically has outperformed 80% of the time. CPI-linked utilities (e.g....
...through the P&L....
...It gets straight to the point: We now assume an L-shaped RevPAR recovery (previously V-shaped), based on Jefdata consumer surveys, corporate guidance and industry forecasts. .....
...Apart from negative l-f-l rental and value growth, we assume recapitalizations to an LTV of c.35% by 2021 lowering the EPS and NAV by c.49% and c.61%....
...We value IAG at a P/B 2019 of 0.4x (as for AF-KLM / at a 20% discount to Lufthansa’s P/B multiple in the lows in 2009; IAG was formed in 2011)....
...B is for blown — as in, “I've blown all my money”. C is for centralisation — which is always going to be quicker and cheaper than blockchain....
...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...
...What happens further down the P&L is largely a question of capital structure, but it appears most will be either loss-making or make only marginal PBT....
...V, U, or L? The nature of Covid-19 growth impact means that some elements – e.g., production resumption, inventory restocking, and travel normalisation – would lend a natural rebound to growth....
...So far, this continues to be the case in 2020; gold is up 11% YTD (in C$ terms) but the S&P/TSX Gold index is down 16%....
...UK recovery will be slower than peers: (a) larger service sector: (b) weakness of business investment: (c) lack of clear social distance messaging....
...Kiln Flame Systems L Leverton Clarke Linguamatics Loch Fyne Oysters London Tradition Lumishore M Marco Marketing VF Maviga International (Holdings) MBDA UK Mechatherm International Melett...
...L lacoste.com lanvin.com laserskinsurgery.com loewe.com letoilesport.com lessenteurs.com luisaviaroma.com lusterproducts.com M maccosmetics.co.uk maisonmartinmargiela.com maki-oh.com mariacandidagentile.com...
...Charitable Group (S) Hugh Burnett (E) C C....
...M is for Mounties The Royal Canadian Mounted Police will be leading security, which is expected to cost a whopping C$900m (£530m) – almost five times more than estimated....
International Edition