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...The results pushed shares in P&G, which had been little changed for the year so far, up 4 per cent in morning trading in New York....
...Schulten said P&G’s “consumer markets remained relatively resilient” globally....
...P&G’s sales volumes declined 3 per cent in the period, but the higher prices allowed the it to produce net sales of $20.1bn in the quarter, an increase of 4 per cent from the same period a year ago....
...Most large consumer packaged goods groups, including P&G, are still operating on tighter margins than they were before the pandemic....
...P&G, the world’s largest maker of household goods, lifted profit margins for the first time in two years after it pushed up prices for consumers at a faster pace than the rise in its own expenses....
...Blackstone president Jonathan Gray in January told the Financial Times it was “too early” to tell whether redemption pressures were moderating, citing the heavy requests in November and December....
...Colm Kelleher of UBS, Jonathan Gray of Blackstone, Joseph Bae of KKR and Valérie Baudson of Amundi will also attend the Global Financial Leaders’ Investment Summit, to be hosted by the Hong Kong Monetary...
...Into the second power vacuum at least, enter bubblegum action thriller The Gray Man....
...Colm Kelleher, chair of UBS, Jonathan Gray, president of Blackstone, Joseph Bae, co-chief executive of KKR, and Valérie Baudson, chief executive of Amundi, are also among the more than 100 financial executives...
...Blackstone said its president Jonathan Gray could no longer attend because of a coronavirus infection and would be replaced by chief financial officer Michael Chae....
...“The danger with real estate is that people look at what happened in the [global financial crisis],” says Dan Riches, co-head of real estate finance at asset manager M&G....
...These had included an outright ban on renting out properties in the lowest “F” and “G” energy efficiency categories....
...M&G’s chief investment officer Jack Daniels is retiring from the company after more than two decades....
...E-1027 (E for Eileen and code for the positions of her and Badovici’s initials in the alphabet, J, B and G) wears its nautical influence on its sleeve....
...Barclays expects P&G’s ad budget will rise another $250m in the year ahead....
...Not all consumer trends in the pandemic have benefited P&G, however....
...Crown trinket tray by Luke Edward Hall, £120, amara.com Dolce & Gabbana sequin shorts, £725, farfetch.com Luxe shell and glass candle holder, £75, amara.com Attersee linen and cotton kaftan, £415 Hunza G...
...Prudential separated the UK unit M&G in 2019 and subsequently came under pressure from investor Third Point to spin off the US business as well....
...The group had already separated its UK asset management unit M&G in 2019, and subsequently came under pressure from investor Third Point to spin off the US business as well....
...Valerie Carberry, partner at Richard Gray Gallery in Chicago, says she is “pleasantly surprised” by the number of US collectors planning to come to the fair, plus one client finding a way from Hong Kong....
...P&G plans to return between $15bn and $17bn in cash to shareholders through dividends and share buybacks....
...Danuta Gray, chair of St Modwen, said the board had “considered Blackstone’s approach from a position of strength” and took “a robust position on value”....
...Green Century said some of P&G’s rivals had implemented stronger deforestation policies....
...martin.wolf@ft.com Letter in response to this article: Currency mismatch at economist’s Siena salon / From Gray Schweitzer, New York, NY, US...
...P&G produced net earnings of $2.8bn compared with a loss of $5.23bn in the same period one year ago....
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