Hints and tips:
...You can’t just look at the L part of the P&L. Secondly, who really cares anyway? Normal accounting rules don’t apply to central banks. The Fed can create money and operate with negative equity....
...Yeah, G-O-U-L-D. I didn’t know terribly much about this guy....
...annual net profits to social responsibility efforts, particularly in the Marche region, where it funds an anti-violence centre, a social farming project and community courses and activities. tods.com U...
...The S&P 500 finished the day more than two and a half per cent higher. The tech-heavy Nasdaq gained just shy of three and a half per cent....
...Landsec will partner with Peel L&P, which will keep a 25 per cent stake....
...Landsec will partner with Peel L&P, which will keep a 25 per cent stake. Landsec’s purchase of the waterside area includes £293.6m of debt, reducing its equity investment to £207.6m....
...U Ukraine Should Wimbledon really have banned Russian and Belarusian players, like Daniil Medvedev and Victória Azárenka?...
...A V in annual data can look like a U in monthly data, she said....
...OECD secretary-general Ángel Gurría thinks the valley is “more like a U”. UK national statistician Ian Diamond can even see a cliff edge in the form of an “L”....
...“If we had to make a bet today, we would say that it’s not going to be a V-shaped recovery, and it’s probably not going to be U or an L, but it’s going to be some other kind of shape,” said Carlos Rodriguez...
...To be clear there has been some acceleration in u/l demand, we’d assume also including the UK as pubs and restaurants have re-opened....
...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....
...JP Morgan -- the research bit not the CEO bit -- is not so sure: European Banks have u/p the broader market since March, with SX7P down 28% (total returns) vs. SXXP -6%. Is it time to be OW?...
...P&C outperformed into the corrections in the past 8 years....
...Stress testing balance sheets for GFC falls in EBITDA As we move into recession mode, incoming questions from investors have switched from a focus on the P&L to the balance sheet....
...• 2) On P/E metric, Cyclicals are not at extremes vs Defensives ... Their P/E relative bottomed at 0.7x and 0.8x in the last two downturns, vs 1.0x current....
...With top-line beat flowing through the P&L, core op. profit was +8% vs cons and core EPS +12%. ¾ of the EBIT beat seems inventory related. Q: What were the most noteworthy areas in the results?...
...Q4 2019 u/l PBT beat “rebased” consensus expectations by £111m (13%), though the outlook statement is somewhat sobering. ......
...L, until the final CMA decision, expected on 11 May....
...V, U, or L? The nature of Covid-19 growth impact means that some elements – e.g., production resumption, inventory restocking, and travel normalisation – would lend a natural rebound to growth....
...U is for UX — of which there is none. V is for V-shaped recovery — predicted after every fall. W is for wallet — the easy to remember sequence of 34 alphanumeric characters....
...Table 1 starts with RR’s u/l EBITA in 2022E and then deducts the utilisation of cash provisions, the excess of investment over D&A, then interest and tax....
...All this has left equity investors struggling to discern truth from fiction — helping to send volatility in the S&P 500 index to its third-highest level in seven years....
...(FT, SBS, NYT) Video of the day Trump’s Huawei U-turn FT Washington correspondent Kiran Stacey explains where the latest policy reversal leaves the tech group. (FT)...
...Before accounting rules changed and forced companies to put equity compensation in the GAAP P&L, the underlying shares still appeared in the sections of securities filings that listed the details of stock...
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