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Friday, 24 September, 2021

Fintech
Remitly IPO: Seattle’s Wise guys seek share of migrants’ money Premium content
Payments companies with diversified revenue bases look like better long term bets than so-called ‘mono lines’
Friday, 24 September, 2021

Sovereign bonds
Bond markets: inflation tremors chip away at yields Premium content
It is hard to discern the impact of rate rises on yields when quantitative easing distorts the picture
Friday, 24 September, 2021

Deutsche Wohnen AG
Deutsche Wohnen/Vonovia: German house party strikes sour note for minorities Premium content
With regulators happy to sit on their hands, investors’ efforts are unlikely to stop a deal from closing
Friday, 24 September, 2021

Companies
Best of Lex: Of Evergrande, other turkeys and lawyers’ pay Premium content
Climate change | food prices | Yum China | Deloitte | US income tax
Thursday, 23 September, 2021

Cryptocurrencies
Robinhood/cryptos: pocket rocket may curve round regulators Premium content
US fintech is seeking deeper exposure to cryptocurrencies.
Thursday, 23 September, 2021

Facebook Inc
Facebook: a powerful social network in the labour market too Premium content
Academics and regulators should start studying the subtler effects that make Big Tech so powerful
Thursday, 23 September, 2021

Professional services
Deloitte/partner pay: today’s bounty bodes ill for up-and-coming cadres Premium content
Cost cutting has led to swollen profits, meaning there is plenty to share around — for now at least
Thursday, 23 September, 2021

Evergrande Real Estate Group
Evergrande: overseas investors should beware payee of last resort status Premium content
Default is one thing, the bigger issue is whether a two-tier China bond market is emerging
Thursday, 23 September, 2021

Renewable energy
Wind power: not such a breeze for investors Premium content
Fears that climate change has caused a structural change to wind patterns are overblown
Wednesday, 22 September, 2021

Netflix Inc
Netflix/Roald Dahl: swallowed by a big, fearful giant Premium content
The streaming giant hopes to create a ‘unique universe’ around the children’s stories to shore up its subscription base
Wednesday, 22 September, 2021

Technology sector
Toast: a software titan missing the chance for software profits Premium content
Much of the revenue the US company receives is passed to others in the restaurant payments ecosystem
Wednesday, 22 September, 2021

Food Prices
Food prices: the rising cost of a loaf Premium content
Expensive fertiliser and reduced yields are linked factors that could drive up agricultural commodity prices
Wednesday, 22 September, 2021

Property sector
Icade Santé: Old Europe sold on hospitals Premium content
Wealthy, ageing populations are driving stronger demand for healthcare property
Wednesday, 22 September, 2021

Sovereign bonds
Singapore/sea levels: levies for levees via bonds for bunds Premium content
The issue comes at an opportune time — demand for safe assets is rising
Wednesday, 22 September, 2021

US banks
Lex Letter from New York: days of big banking deals may be over Premium content
Largest regional lenders have all made moves and remaining smaller targets are not as attractive
Wednesday, 22 September, 2021

Legal services
City lawyer pay: US top dollars break Magic Circle’s spell Premium content
High-paying US firms are more likely to cut jobs and pay than their UK counterparts
Tuesday, 21 September, 2021

Gambling industry
DraftKings/Entain: parlay bet may depend on parley with MGM Premium content
US group’s bid for UK rival highlights how consolidators are upping the ante
Tuesday, 21 September, 2021

UK energy
UK gas crisis/Centrica: incumbents pick up the pieces of failed challenger policy Premium content
The implosion of rivals reverses British Gas owner’s run of bad luck
Tuesday, 21 September, 2021

Yum China
Fast food/Yum China: deliveries provide only poultry returns Premium content
Outlook is bleak in wake of fresh lockdowns and rising costs
Tuesday, 21 September, 2021

UK tax
UK bank surcharge: legacy tax is ripe for whittling away Premium content
Sectoral levies distort capital allocation and politicise investments
Monday, 20 September, 2021

Shale Oil & Gas
US fracking: don’t dash for gas Premium content
Price spike presents frackers and their investors with sternest self-discipline test so far
Monday, 20 September, 2021

US tax
US income taxes: small business, even smaller tax bill Premium content
Special treatment for small businesses is becoming increasingly hard to justify
Monday, 20 September, 2021

Utilities
SSE/Elliott: break-up at the mercy of renewables derating Premium content
A spin-off would be a bet that renewables can maintain their edge
Monday, 20 September, 2021

Industrial gas
Gas/fertiliser prices: supply chain flaws prompt turkey tizzy Premium content
Threat to UK Christmas dinners underscores the vulnerability of modern supply chains
Monday, 20 September, 2021

Evergrande Real Estate Group
Evergrande: predictability of defaults reduces contagion risk Premium content
The likeliest scenario is that shareholders will be wiped out while its lenders absorb big losses

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