Hints and tips:
...Concentrated capital However you interpret the numbers, around a third of the invested capital in the world is run by 100 asset managers, according to Common Wealth in a report called “Goliath and Goliath...
...If you are looking to predict the shape of the US economic recovery — be it V, W, L or even K — don’t look at the markets....
...It will certainly require evidence of a V-shaped economic recovery to ignite demand for cyclical and value stocks....
...Causeway Capital Management LLC, the LA hedge fund, has declared 4.88 per cent of Micro Focus....
...The company has cut A&P spending, deferred some capex and is tightly managing working capital. ......
...Against the general trend, yesterday Ferrari confidently guided to a V-shaped recovery in its P&L from H2/20....
...Rate relief drops away in FY22 so the recovery profile, in EPS at least, is not V-shaped....
...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....
...L, until the final CMA decision, expected on 11 May....
...What happens further down the P&L is largely a question of capital structure, but it appears most will be either loss-making or make only marginal PBT....
...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?...
...The botched exit from the EU will not help as it will hamper our ability to trade goods, services and capital with countries that be growing quite rapidly in 2021....
...David Blanchflower, Bruce V. Rauner professor, Dartmouth College My guess is he will be too timorous to do the right thing....
...Stephen Wright, professor of economics, Birkbeck, University of London Who knows!...
...Stephen Wright, professor of economics, Birkbeck, University of London Feel about the same as 12 months ago The impacts in either direction were always overstated....
...Stephen Wright, professor of economics, Birkbeck, University of London EU immigration will be reduced. This will be modestly bad for the economy....
...Stephen Wright, professor of economics, Birkbeck, University of London No real basis for expecting any change....
...David Blanchflower, Bruce V. Rauner professor, Dartmouth College Most unlikely....
...The Edam Acquisition consortium, comprising Goldman Sachs Capital Partners, Mediacinco Cartera SL, Cyrte Fund II B.V. and VI, L.P., acquired control of 99.7% of Endemol Investment Holding BV from Telefonica...
...LLC; Carlyle Investment Management L.L.C.; Blackstone Capital Partners V L.P.; Centerbridge Capital Partners, L.P....
...recovery, a W recovery, a V recovery, a W-W recovery or will recover....
...Theirs is an architecture of triumphalism, of a resurgent nation with a swagger in its step....
...We see a 33% increase in IB fees in 4Q and 45% y/y increase in 2010 driven by resurgent M&A/advisory....
...“Everyone is trying to give a letter in the alphabet to describe what sort of shape the recovery is going to be: U-shaped, V-shaped, W-shaped or L-shaped,” says Sean O’Flanagan, a portfolio manager with...
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