Hints and tips:
...There is no plan, because I was planned up the wazoo my whole life for 30 years and it didn’t bring me joy.”...
...Share your ideas with us at imani.moise@ft.com and sid.v@ft.com. Happy reading!...
...He had already moved up from Class V to Class IV. I watched a replay of the Stockholm Sprint Championship, where he had fought off Bright Knight and Gandalf the White to win by a nose....
...This is a bit like a terms of trade shock, but the UK has its own currency and the privileges of being an advanced economy....
...Campari will be hard hit by COVID-19 due to high On Trade exposure, especially in core markets of Italy and the USA....
...Equity markets thus have recovered appropriately, with the S&P 500 up 35 per cent from its March lows....
...The extent of US dollar strength is highlighted by how even the two usual currency havens — the Japanese yen and Swiss franc — remain negative on the year (and this month) versus the reserve currency....
...Our current FY21E estimates effectively assume flat admissions versus FY19 (which were 14% below FY18 in the USA)....
...We do not make any changes to our estimates, retaining -35% LFL for FY21E....
...Yuan Yang in Beijing 35....
...The latter was the most pronounced weekly rise in more than 30 years....
...Prudential 35% cut to FY21 estimates....
...Polo Tang of UBS remains a seller: [V]isibility on the bigger picture issues remains limited....
...If there’s a V-shaped recovery on the horizon “the market probably buys the EPS downgrade, assuming that the disruption is eventually contained.”...
...Change in EPS – We have included a US$500m equity rights issue at a 30% discount in our estimates....
...Demand for ballistic flares and fighter jet gauges looks to be unaffected by plague, with revenue up 46 per cent and 24 per cent respectively on a constant currency basis....
...Our top five FT writers all delivered benchmark-beating returns, notching gains of more than 30 per cent....
...[W]e look at the net interest income movements in HSBC’s key currencies (USD, HKD, GBP)....
...As a result, in the face of $30-35/bbl crude, we have seen several producers including OXY, PE, FANG, MRO and others make 2020E capex cuts of 30+%, with likely immediate impact....
...“We have a very clear understanding of what a customer will do after 30 days, 90 days, 180 days and so on.”...
...● Carnival dropped on a profit warning, which it blamed largely on currency and fuel headwinds....
...Many are struggling to pay back foreign currency debt....
...However, they offer a picture of a group that is still heavily dependent on the UK, 35 years after the first Virgin flight across the Atlantic....
...-35 per cent, as illustrated in the second chart....
...FTSE100 up +38.48 (+0.53%) at 7,339 CAC 40 unchanged 0.00 (0.00%) at 5,389 Dax unchanged 0.00 (0.00%) at 13,059 Currencies €/$ 1.19 (1.19) $/¥ 112.69 (112.40) £/$ 1.34 (1.35) €/£ 0.8831 (0.8801) Commodities...
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