Hints and tips:
...This summer, L’Oréal’s venture capital arm Bold invested in the start-up Debut, which specialises in “cell-free” ingredient manufacturing, leading a $34mn series-B round of funding....
...Anduril’s technology is more advanced, faster and cheaper to make, he says, than the stuff built by the leading suppliers to the US armed forces....
...Tony Blair to N.F.L star Tom Brady and his supermodel wife Giselle Bundchen....
...) Confirm Solutions, founded by Dr....
...The question of whether or not to accelerate the energy transition “is not in our gift”, L&G head of climate solutions Nick Stansbury told Moral Money. “What is in our gift is when we choose to do it....
...This aggressive mark down came in the form of ERVs -12% l-f-l and yields expanding +17bps....
...Following recent share price strength, this should l take the edge off an otherwise solid print today....
...A V-shaped recovery in kneecaps isn’t in the price, they say....
...Earlier data increases our economists conviction in a V-shaped recovery: Economic data in aggregate have continued to surprise to the upside, building our confidence in a V-shaped recovery....
...V-shaped recovery in professional information transactions We also argue that consensus is too bearish on the recovery trajectory of key non subscription based/transactional revenue streams, especially...
...Computacenter’s leading the FTSE 250 gainers....
...The UK’s recovery is likely to look very mid-table rather than a leading performance....
...Following 9 quarters of consecutive net outflows we estimate Q220 mutual fund net inflows of +£0.4bn, with a recovery seen in funds such as Dynamic Bond fund....
...Its edge computing solutions gather data, store and analyse it from industrial equipment at 1,000 clients across multiple industrial sectors....
...Apart from negative l-f-l rental and value growth, we assume recapitalizations to an LTV of c.35% by 2021 lowering the EPS and NAV by c.49% and c.61%....
...It gets straight to the point: We now assume an L-shaped RevPAR recovery (previously V-shaped), based on Jefdata consumer surveys, corporate guidance and industry forecasts. .....
...Here’s Investec (sell) to summarise: [L]ockdowns are impacting consumption in North America (c. 30% of sales), Europe (c. 20% of sales), India (c. 10% of sales), Africa (12% of sales) and many countries...
...Medium-term solutions do exist but would entail either a meaningful step-up in investments or a material portfolio transformation....
...According to Bloomberg, consensus is currently forecasting PBT of c£185m (giving EPS of c6.9p) in FY 2020/21 and c.£340m (12.7p) in FY 2021/22....
...strong recovery in demand since lockdown....
...Rate relief drops away in FY22 so the recovery profile, in EPS at least, is not V-shaped....
...In terms of the impact, we expect that this will continue to drive prices up for the near future, while the insurers most exposed are Swiss Re (via P&C Re and Corporate Solutions), Allianz (via AGCS), AXA...
...Modelling a recovery to 4% margins by FY24, we derive a £37 target price. 1H revenue growth of +21% was supported by a successful Jan/Feb period (rev +23%, c.+800bps vs cons)....
...that the recovery will take a long time, which is also our view....
...The V-shaped recovery in consumer spending feels too bullish in our view....
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