Hints and tips:
...“What the US does offer for insurers, and specialist reinsurers, is a greater pool of specialist investor knowledge.”...
...That is despite the fact the company is only expecting to produce some 50,000 cars this year — a tiny number compared with the 5.9mn vehicles GM sold last year....
...There’s this phrase people have to say, which is the top 1 per cent pay the top whatever X amount of tax, 50 per cent or whatever. It’s not true. That’s the top 1 per cent of taxpayers....
...to acquire Getty Images Holding, Inc....
...While registration with the Poultry Register, the only formal record of releases across the UK, is a legal requirement for holdings of more than 50 birds, research suggests that it only accounts for a third...
...Here’s the description of the “Top Reselling” community, AK CHEFS ($50/month): 2) MEOW ($1mn for 1.16 per cent stake) Meow, a platform which allows corporate treasures to pump their companies’ spare cash...
...The company has fewer than 50 employees, including around 20 in research and investing....
...Two of Germany’s largest long-only asset managers, holding 1.5 per cent of Deutsche Wohnen between them, also voiced their unease....
...Urrshila Kerkar jokes that her family’s flat does not look like the residence of someone who has allegedly stolen hundreds of millions of dollars....
...Unlike many other tech investors, Tiger Global does not typically seek board seats and rarely becomes involved in a company’s operations....
...IT provider Kainos said annual profit to March more than doubled to £50.3m on revenue up 31 per cent to £234.7m....
...In the meantime, everybody will carry on holding their breath....
...(NYT) Does social media make your life better or worse?...
...Manufacturing positions declined by 1.3m while state and local governments lost 980,000 jobs....
...Causeway Capital Management LLC, the LA hedge fund, has declared 4.88 per cent of Micro Focus....
...Does April tell us much about July though? Not really....
...That has since been cut to one of minus 1.2 per cent, as plotted here by FactSet....
...There was also a change in the discount rate applied for decommissioning costs that had a negative impact (from 3% to 1.75%). Does any of it matter, being non cash? Not hugely....
...Adjusted EBITDA of £126.5m (+50% yoy) was c.2.3% better than company complied consensus of £123.6m, with EBITDA margin increasing by 30bps to 10.2% (GSe 10.1%, company compiled consensus 10.1%), driven by...
...Mitchells & Butlers' rates bill is also around c.£100m, c.50% of FY19 PBT (Sep YE). It is not 100% clear this applies to large businesses, though most of the companies we have spoken to think it does....
...Here’s what Citi’s been writing this morning: EPS To Fall 50% — Citi economists now expect global GDP to contract 1.6% in 2020. This would imply a 50% drop in European EPS....
...Invesco has sold nearly all its holding for £124m or thereabouts....
...Most are at least partially state-owned, but others, including the Hungarian subsidiary of Robert Bosch LLC, are not....
...Thus I’d implement a tax of 1 per cent per annum for, at least, the duration of the recession and maybe indefinitely, (up to say a maximum of 50 per cent ownership of any one property)....
...(v) Restructuring continues. Of course it does. But what about that Tesla, eh?...
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