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Saturday, 28 January, 2023

UK energy
Carbon counter: heat pumps are a greener, costlier option Premium content
Choice will be determined by the relative competitiveness of gas and power going forward
Friday, 27 January, 2023

American Express Co
Amex: big spending keeps plastic fantastic Premium content
US shoppers continue to use their cards, but there are investor concerns over credit quality and higher funding costs
Friday, 27 January, 2023

Retail sector
Sainsbury’s/Bestway: stake deal may herald further collaboration Premium content
Rising costs have put the squeeze on every part of food supply chains
Friday, 27 January, 2023

Alan Livsey
The Lex Newsletter: investors demand more from boring boards Premium content
Plus, Dai Nippon Printing, Tullow Oil, Capricorn, News Corp, 3i
Friday, 27 January, 2023

Semiconductors
Semiconductor manufacturing equipment: Japanese makers weigh up cost of export controls Premium content
China is vital market for lower-tech chip machinery makers such as Nikon and Tokyo Electron
Friday, 27 January, 2023

Lex PopuliPersonal Finance
Tullow Oil: the end of an era for exploration and production Premium content
Group has declined from a £15bn behemoth to a small-cap stock
Thursday, 26 January, 2023

Private equity
Blackstone: Masters of the Universe feel humility Premium content
The turmoil of 2022 and the disclosure of Breit redemptions have put the asset manager on the defensive
Thursday, 26 January, 2023

Mastercard Inc
Mastercard: payment plumbers make a very decent living Premium content
They have little exposure to the risks from borrowers in hard times and benefit when consumers feel flush
Thursday, 26 January, 2023

3i Group PLC
3i: market discounts toppy valuation for European retail investment Premium content
Shares in UK listed group increase 9% on Thursday
Thursday, 26 January, 2023

Party City Corp
Party City: volatile helium costs forces retailer to rethink its business Premium content
Bondholders’ plan to swap debt for new equity will help insulate company from worst effects of price swings
Thursday, 26 January, 2023

Technology sector
Smartphones: better kit could depress long-term growth Premium content
Extended ownership and less consumer Fomo is bad news for the entire sector
Wednesday, 25 January, 2023

Alphabet Inc
Google: DoJ opens new front in the battle to restrain oligopolies Premium content
Search giant’s grip over online ad market has slipped
Wednesday, 25 January, 2023

Rupert Murdoch
News Corp: value-hunting minorities outFox the Murdochs Premium content
The task now is to improve flagging valuation
Wednesday, 25 January, 2023

Adani Group
Adani: short seller reinforces concerns about group’s opacity Premium content
Doubts were widely held even before Hindenburg Research intervened
Wednesday, 25 January, 2023

Ascential Plc
Ascential/WGSN: final unpicking of Emap’s baggy garment Premium content
Cash from the sale of the fashion forecasting company will help fund expansion
Wednesday, 25 January, 2023

US Treasury bonds
US CDs/T-bills: glowing up in an era of higher rates Premium content
Certificates of deposit are a sensible place to park your money at the moment
Wednesday, 25 January, 2023

June Yoon
The Lex Newsletter: South Korean banks just got interesting Premium content
Timing is right for shareholders to extract better terms from local lenders
Tuesday, 24 January, 2023

Aerospace & Defence
Raytheon: rocket science easier than financial clarity Premium content
Question marks over group’s response to supply-chain crunch and accounting reforms
Tuesday, 24 January, 2023

Logitech International SA
Logitech: homeworking trends fade for computer equipment maker Premium content
Swiss-American company’s sales fell 22% year on year in the third quarter
Tuesday, 24 January, 2023

War in Ukraine
Tanks: Rheinmetall will gain as German leopard changes its spots Premium content
A technology dating from 1916 remains a sweet spot for defence group
Tuesday, 24 January, 2023

Capricorn Energy
Capricorn/Palliser: cash worth more to market than oil explorers are Premium content
A board that has failed to sell its assets twice deserves replacement
Tuesday, 24 January, 2023

Dai Nippon Printing Co Ltd
Dai Nippon Printing: Elliott’s value swoop relies on greater foil theory Premium content
Activist investor is giving the Japanese manufacturer the publicity it badly needs
Monday, 23 January, 2023

World
US consumer finance: Ally Financial shows how a soft landing offers a springboard Premium content
Lender is originating new auto loans at a yield around 10%
Monday, 23 January, 2023

Oil & Gas industry
EU/diesel: loss of Russian imports supportive for independent refiners Premium content
Upcoming ban on distilled products may cause disruption but some will benefit
Monday, 23 January, 2023

Fuller Smith & Turner PLC
Fuller, Smith & Turner: better balance sheet puts pub group on firmer ground Premium content
For those anticipating the industry’s consolidation, it’s best to stay with the financially leanest operators

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