Hints and tips:
...“We had a lot of good news in recent months, helped by falls in inflation,” said David Hollingworth, associate director at broker L&C Mortgages....
...A tank dress in putty-coloured sequins and baguette rhinestones presented a more wearable option for the Oscars, (perhaps minus the trompe l’oeil outline of boxer shorts)....
...In 2017, a 37m-high rocket inscribed with Chanel’s double-C logo almost did, rising up like a NASA simulator at the end of its AW17 presentation....
...I also love my black Louis Vuitton roller [case] with grey accents and my double-L monogram on the side....
...It is an opulent reinterpretation of a very old accord called a L’Origan, which was first created by Coty in a perfume bearing the same name....
...The best songs (“Rien que l’extase”, “Comme si c’était hier”) are cheerfully straightforward pastiches of 1960s French pop....
...This aggressive mark down came in the form of ERVs -12% l-f-l and yields expanding +17bps....
...Le problème de la France c’est plutôt un problème de construction des inégalités, c’est pour ça que c’est par l’éducation et le social qu’il faut le corriger, mais c’est la formation des inégalités....
...Credit uncertainty remains the greatest risk for UK life insurers, including L&G, with COVID and Brexit both likely to exacerbate credit concerns....
...It is impossible to be precise but we think that in general when companies refer to “materially ahead” they are referring to c.10%....
...at the ‘C-suite’....
...The reduction in earnings for 2020E is largely driven by LGC, which paused traditional construction during lockdown....
...We forecast an avg month-end net cash position in FY20 of c.£190m, (from £324m at FY19)....
...And with value likely to outperform both in the mild and severe scenarios, AXA is the pick among the multilines, L&G’s favoured in life, plus Prudential....
...Favour defensives over cyclicals and “emerging markets cement versus developed markets construction if the outlook for the region stabilizes earlier notably led by China where activity has already started...
...We forecast c.10-15% FY20 earnings decline in Construction, but Support Services should be more resilient....
...This yearning lover saw lots of operational synergies with the construction market....
...Against the general trend, yesterday Ferrari confidently guided to a V-shaped recovery in its P&L from H2/20....
...Company commentary supports our view of limited direct impact to P&C : Hannover Re: noted a potential €200m loss across P&C and L&H; Munich Re: noted a €500m loss should all the events it covers for communicable...
...Data centre construction is a c$50bn industry in the US, or 20% of US office construction (vs 10% in FY15);and 56% of starts are concentrated in 8 states....
...As a result, Ashtead now sees PBT for the financial year ending Apr-20 to be c£1,050m (-10% vs. previous consensus c£1,170m)....
...Results from L&G, TT Electronics and Elementis. ... Hostelworld and Wizz Air both give light warnings due to the obvious. ... Malarkey Tuesday. ......
...It may be challenging for such a government to deliver measures pledged that, according to our preliminary estimates, would cost about €100bn gross per year (or c. 6% of GDP) unless properly backed by strong...
...It explores the key moments in man’s history that allowed us to move beyond hunter/gatherer communities: agriculture, and then the construct of religion....
...The wrapping around a construction project tells us as much about the nature of the contemporary city as the development itself....
International Edition