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)....
...I think the extent to which, really, Putin has become the state, it's like maybe - I might be getting the French king wrong, but I think it's Louis XIV who said, l'etat c'est moi - I am the state....
...Hoare, North Yorkshire; Christina McKittrick, Kingston Polymath 1,011: Dr S Bailey, Swindon Crossword 16,099: Suzanne P Wilson, Windermere; D Barter, Cumbria; Jean-Marc Sellier, California Polymath 1,010...
...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....
...When asked about what path the S&P 500 recovery will take, W remained the most popular choice with 45% percent of the vote. Just 30% expect a V shaped recovery in the stock market....
...We do not think that management would have referred to “strong cash conversion” and emphasized delivering if the beat in the P&L were not flowing through well to cashflow, so we believe that the commentary...
...it expects to recommence an ordinary dividend in 2021 (i.e....
...GILD’s c$15bn cost base vs $11bn core op.income, of which c$5bn lies in R&D/SG&A), but also require very significant job cuts at a time of global economic hardship....
...You probably noticed that Monday’s return to flat year-to-date for the S&P 500 has triggered a lot of huffing about how a Day of Reckoning is approaching. You know the kind of thing....
...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....
...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....
...Support for the DPS comes from cover remaining >1.2x, a healthy reg. cap surplus of 85p+ p/s, and dividends being a mandatory component of fund manager variable comp....
...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)....
...); (v) the EU taxonomy; and (vi) a possible carbon border tax....
...more of a primary event), UK P&C (~14% of premium), and then the multilines (~10%)....
...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. .....
...We also note S&P’s CreditWatch on the BBBrating will be resolved when ‘financial performance and liquidity resulting from COVID-19 can be assessed’....
...B.R. Shetty and his advisers are in the process of carrying out a legal review in order to verify the total interests of Dr. B.R....
...a pretty stable macro backdrop; iv) capital build of 170-200bps p.a. as per previous guidance (though guidance for FY19 was for the lower end of that range, so this is a slight upgrade); and v) Statutory...
...S&P 500 futures triggered the limit-down circuit breakers at about 5am GMT, the index having bounced 6 per cent in the regular session....
...If we assume that ISM ends the year at 50 and spreads fall marginally, then S&P 500 fair value is 2,700....
...Looking ahead, we expect S&P 500 dividends will grow by 3% in 2021 and rise by 12% in 2022....
...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....
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