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...Here we explain why we think there may be more to come for investors in US E&Ps....
...“Most E&Ps are affirming previous messaging of maintenance programmes or low growth in 2023,” said Devin McDermott at Morgan Stanley....
...PS Our colleague in Hong Kong, Jennifer Creery, is moving on to a new opportunity and will no longer be writing FirstFT. We wish her all the best!...
...(Isabel Berwick) PS I recommend a very powerful article Nicola wrote for the FT in 2020: It’s time for white people to step up for black colleagues....
...Chilled afternoons are spent at PS Café in Dempsey Hill, a sweet spot for a cup of tea and a quiet corner to read....
...PS I’ll be interviewing Jonas Templestein, the co-founder of Monzo Bank, at the FT Future of Finance summit on June 16-17....
...Justin PS join the FT on May 18-19 at Moral Money Summit Europe 2022 where investors, corporates and policymakers will come together to take the pulse of ESG and unlock its potential. Register here....
...Stephen Volk’s Under a Raven’s Wing (PS, £25) is a phantasmagoric tale set in 1870s Paris, with a youthful Sherlock Holmes interacting with someone who appears to be the very detective who inspired Conan...
...The pieces that are, such as the PS series (a designer collaboration that launched in 1995), command top prices. 1stdibs is currently offering a pair of Mats Theselius rattan and steel PS armchairs for £4,924...
...Demand is being hit hard by store closures at peak S/S trading, impacting inflows severely....
...., Sycamore said when LB closed its 1,600 VS stores because of COVID, it breached its obligation to continue operating VS in the “ordinary course of business”)....
...PS — we’re offering a free 30-day trial to Tech Scroll Asia, which includes complimentary access to the Financial Times. Sign up here....
...We expect C&H to benefit from the re-opening of stores in the UK....
...No part of the picture is pretty: store sales down 18 per cent, wholesale off 17 per cent and ecommerce (including, presumably, eBay) lower by 9 per cent....
...Buying oil simply to store, and moving oil inventory from one location to another, does little to fundamentally rebalance the market....
...PS: I admire the concept, but please don’t use the word “Glocal”! Your feedback We'd love to hear from you....
...“After a decade covering the European E & Ps, we believe two long established ‘truths’ have dominated sector sentiment: (1) E & Ps will reinvest cash flow rather than return it; and (2) spot commodity prices...
...Although overall food revenues grew 3.9 per cent thanks to new store openings, M&S said the gross margin was down 140 basis points ps, as it “continued to absorb input cost inflation”....
...PS: I suspect some of you might be interested in Mr Harari’s views on cryptocurrencies....
...A higher price for future delivery should encourage traders to buy oil, store it and sell forward to lock in the price difference....
...Mobile app stores remain the biggest draw for games developers looking for a large market and low upfront costs....
...Imagine you have just taken over a chain of retail stores. To prepare for the holiday season, you have spent months sweating your four Ps, of price, product, promotion and place....
...“That is reflected in the diversity of the games in the app store.”...
...Everyone likes discussing the proper care and management of Ps and Qs, listing infractions recent and historical. It’s a nice feeling to elicit gasps of shock and awe....
...Nearly every major oil and product market is in some level of backwardation which gives the market an incentive to pull oil from storage, not store it....
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