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Finimize

January 27, 2020

High Score

Intel made its way through chip after chip last quarter, and its relentless hours of commitment paid off: the world’s largest microchip-maker reported a powered-up outlook for 2020 late last week, and its shares rose over 7%.

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Edison

January 27, 2020

UK Sparks: AstraZeneca Sells Hypertension drugs for $390m

AstraZeneca is selling the global commercial rights to five branded pharmaceutical products to Atnahs Pharma, a specialty pharmaceutical business majority-owned by funds advised by Triton Partners, for up to $390m. Included in the deal are beta-blockers Inderal and Tenormin, plus Tenoretic, which is used to treat high blood pressure, and hypertension drugs Zestril and Zestoretic.

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Edison

January 24, 2020

UK Sparks: Smith & Nephew Snaps Up Tusker

Healthcare technology company Smith & Nephew has acquired California’s Tusker Medical for an undisclosed cash sum. Tusker has developed the Tula System, a new way of delivering “ear tubes” to treat recurrent or persistent ear infections. The device claims to be the first system that can be used to place ear tubes in young children using local anaesthesia at a doctor’s surgery.

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Finimize

January 23, 2020

Washout

Investors weren’t left feeling particularly fresh on Wednesday after global healthcare and consumer products giant Johnson & Johnson (J&J) Suda-fed them fourth-quarter sales that fell short of expectations.

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Edison

January 23, 2020

UK Sparks: ASOS revenues backed by record Black Friday sales

Online fashion and cosmetic retailer ASOS has issued a trading update for the four months ended December 2019, posting group revenues at £1,106m, up 20% year-on-year. This was supported by solid performance across all regions, which reflects a record Black Friday and strong customer engagement activity throughout the period. Gross margin declined 170 bp year-on-year, affected by US duties and investment in customer acquisition as planned.

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Briefing.com

January 22, 2020

Stuck on Happy Ways

Since yesterday, the death toll from the coronavirus has increased to nine and the number of confirmed cases has increased to 440. You know what else has increased? The futures for the major indices. Currently, the S&P futures are up 13 points and are trading 0.4% above fair value.

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Edison

January 22, 2020

UK Sparks: Change At The Top At Sainsbury’s

Supermarkets group J Sainsbury has announced that chief executive Mike Coupe will retire at the end of May after six years in the position and 15 years at the group. He will be succeeded by retail and operations director Simon Roberts, 48, a former executive at Walgreens Boots Alliance and Marks & Spencer. Mr Coupe led the company’s £1.4bn takeover of Argos and its unsuccessful attempt to merge with Asda last year. He says it was a “very difficult decision” to step down. Chairman Martin Scicluna says Mr Coupe is an “exceptional” chief executive” who has been “bold and ambitious”at the company.

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Edison

January 21, 2020

UK Sparks: TalkTalk Sells Fibre Broadband Unit For £200m

TalkTalk Telecom Group has agreed to sell its broadband fibre business FibreNation to CityFibre, the UK’s third national digital infrastructure platform, for £200m. Chief executive Tristia Harrison says the disposal, which includes a long-term wholesale supply agreement, will allow TalkTalk to accelerate fibre growth for residential and business customers. CityFibre, which has fibre networks in more than 60 UK cities and towns, is jointly controlled by Antin Infrastructure Partners and West Street Infrastructure Partners.

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Edison

January 20, 2020

UK Sparks: BAE To Pay $2.2bn For US Takeovers

BAE Systems has announced two cash acquisitions in the US, paying $1.93bn for Collins Aerospace’s military global positioning system business and $275m for Raytheon’s airborne tactical radios operation. Both deals are subject to the completion of the merger of Raytheon and United Technologies. BAE says the takeovers represent a “unique opportunity” to purchase “high-quality, technology-based businesses with market-leading capabilities and long histories of pioneering innovation in their field”.

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Janus Henderson

January 17, 2020

Market GPS: Stay Focused on Long-Term Growth Themes

Doug Rao and Nick Schommer believe it is important to balance near-term optimism for equities in 2020 with a focus on long-term themes. A trade truce between the U.S. and China has provided near-term optimism, which could boost earnings growth in 2020 as global supply chains are refilled.

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Morningstar

January 17, 2020

Schwab’s Results Show Downward Pressure on Revenue

Wide-moat-rated Charles Schwab (SCHW) reported fairly strong fourth-quarter and yearly results, but pressure in net interest income has already started. That said, 2020 earnings will be bolstered by Schwab’s pending acquisition of USAA’s brokerage business, as well as the recently announced merger with TD Ameritrade.

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Money.Net

January 17, 2020

Profit Takes a Nap

There is a huge trend at the moment in consumers taking advantage of loss making venture capital-backed startups. Famously, people subscribe to and then cancel trials of multiple meal kit deliveries to buy food, and now they even subscribe to, trial, and then return bedding.

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Edison

January 17, 2020

UK Sparks: American Growth Boosts Experian

Credit-checking group Experian saw revenues increase by 7% in the last three months of 2019, driven by strong growth in America. The company says in a trading update that revenues rose by 11% in North America and by 10% in Latin America. Revenues fell by 3% in the UK and Ireland and by 4% in Europe, the Middle East, Africa and Asia Pacific. Chief executive Brian Cassin says the performance represents “another quarter of good growth”. The company says its guidance for its full-year results remains unchanged.

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