Hints and tips:
...Gains for companies such as insurance group Skyward Specialty and biotech company Rayzebio more than offset losses for high profile tech flops like Instacart....
...Meanwhile, executives from Tesco, J Sainsbury, Asda and Wm Morrison on Tuesday told MPs they would support an online scheme that would require petrol stations to share live fuel prices with customers in...
...Its mortgage book in the 12 months to March 31 came to £1bn, partially as a result of the pandemic, compared with £1.7bn in 2019-20....
...Following the takeovers of rivals Asda and Wm Morrison this year, the UK’s second-largest supermarket chain has been the focus of speculation about a private-equity approach....
...In 2010, Goldman paid a $550mn fine to settle US regulators’ allegations that it misled investors in a complex mortgage-backed security called Abacus....
...The lender said it will transfer approximately 25 branches and €7.6bn of gross performing loans, mostly relating to non-tracker mortgages....
...Based on our revised forecasts, Hikma trades on a 2021E P/E of 16.6x, a 26% discount to its UK specialty peers....
...Wm Morrison, Britain’s fourth-largest supermarket chain, is expected to report a 3 per cent rise in 2019-20 profit on Wednesday....
...On the mortgage market, while the group views affordability levels as good, the qualification hurdles have become slightly challenging since the onset of pandemic with the removal of 90%/95% LTV products...
...Thursday 14:00 BST What’s happening ● Wm Morrison led the FTSE 100 gainers after proposing an unexpected 2p special dividend....
...Tuesday 14:30 BST What’s happening ● Wm Morrison led the UK supermarkets lower after August industry data suggested it had delivered the weakest sales among the big four operators....
...While a few of Pershing Square’s investments — ADP, Chipotle and Platform Specialty Products — are up on the year overall, each of the fund’s main holdings are down this month....
...Wm Morrison jumped briefly in late afternoon as buyers emerged for out-of-the-money call options expiring mid-May....
...Virgin’s first-quarter statement showed constrained mortgage and card-lending volumes but impairments remained under control and retail deposits grew faster than net lending....
...Wm Morrison chief executive David Potts will be feeling fairly chipper this morning, too....
...However, he says any rise in interest rates will prove much more critical for families with big mortgages who will have less money to spend elsewhere....
...Other consumer businesses that have warned over their uncertain outlooks for the British economy in the past few weeks include department store chain John Lewis and big four supermarket Wm Morrison....
...US considers mortgage credit check shake-up Thursday Marks and Spencer Marks and Spencer reports third-quarter results....
...Mr Martin said that worries over consumer debt or rising mortgage costs had not yet sent people who would normally drink at more upmarket pub chains, such as All Bar One, to Wetherspoons....
...The Paulson Advantage fund, through which he placed the bet against US subprime mortgages that made him famous during the credit crisis, no longer has significant outside investors....
...In its 130-year history it has dominated, at different points, both catalogue and store retail, as well as building major franchises in insurance, financial services and specialty retail....
...It is also one of the only banks in the world that has yet to settle a US Department of Justice probe into alleged mortgage mis-selling, which cost Deutsche and Credit Suisse a combined penalty of $12.5bn...
...One likely explanation for the divergence from historical norms is that the post-crisis plunge in mortgage rates encouraged those who still had positive home equity to refinance and keep spending on new...
...I had a huge mortgage,” he explains. “I did what I had to do.” North Sea cod are especially vulnerable because they are part of a mixed fishery....
...Higher agricultural commodity prices have been hitting UK supermarkets of late, but have not stopped Wm Morrison’s progress toward recovery....
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