|Bid||1,810.00 x 0|
|Ask||0.00 x 0|
|Day's range||1,926.00 - 1,946.00|
|52-week range||1,467.50 - 2,150.00|
|Beta (3Y monthly)||1.08|
|PE ratio (TTM)||26.10|
|Earnings date||26 Nov 2019|
|Forward dividend & yield||0.39 (1.99%)|
|1y target est||1,741.25|
Last week, we focused on the impact of climate change, the growing corporatisation of housing, and the rise of modular construction. Sunny Mehat has been trying to sell his two-bedroom apartment in Vancouver for six months. In 2016, prices in the Canadian city rose 30 per cent, but now it is a different story.
With his own television show and a business partner who is a former mayor of Chicago, Sean Conlon is no ordinary property financier. The 50-year-old, fast-talking entrepreneur runs Conlon & Co, a boutique investment firm that he describes as a “buccaneering real estate merchant bank”, in partnership with minority shareholders, former city mayor Richard Daley and his son Patrick. Together they advise clients, including celebrities such as the actor John Cusack and wealthy Asian and European families, on US and European property investments.
Italian shares led losses in Europe on Wednesday after the country's deputy prime minister said Rome was ready to break EU fiscal rules, masking early gains fueled by optimism around U.S.-China trade rhetoric. Italy's deputy prime minister Matteo Salvini's comments from Tuesday have raised concerns about the country's high spending, taking a hit on Italian banks. "It's not the first time the Italians have pushed the boundaries with EU fiscal rules, it is just this time his rhetoric has come at a time when the markets are probably more sensitive to this commentary than normal," said John Woolfitt at Atlantic Markets.
Hopes that the United States' trade tensions with China and Europe will dissipate, combined with a weaker pound, lifted Britain's main index higher on Wednesday, as a slew of earnings reports also drove share moves. The FTSE 100 advanced 0.8% and outperformed its European peers. The FTSE 250 was roughly flat.
UK shares rose as risk sentiment picked up after comments from President Donald Trump playing down Washington's trade war with Beijing, while a slew of earnings reports drove major share moves on both main indexes. The FTSE 100 was up 0.1% and the FTSE 250 was 0.3% higher by 0721 GMT.
European shares ended higher on Monday with telecom and retail stocks leading gains as Sino-U.S. trade optimism and strong Chinese economic data eased some worries over global growth - though lackluster earnings from big U.S. banks weighed. The pan-European STOXX 600 index rose for the fourth straight session, hovering near eight-month highs with most indices in the region gaining, apart from Britain's FTSE 100 which lost ground as miners and oil majors fell. Markets cheered the progress in trade talks after U.S. Treasury Secretary Steven Mnuchin said on Saturday he hoped that the United States and China were close to the final round of negotiations.
Britain's FTSE 100 was at a loss for direction on Monday as a dip in miners and oil majors offset gains in bank stocks, while office group IWG pushed midcaps higher after announcing an asset sale. The blue-chip index ended a lackluster session about flat, lagging its European peers, while the FTSE 250 held on to its six-month high with a 0.5 percent rise as a stronger pound also aided. The pound's gains followed upbeat comments from Britain's foreign minister Jeremy Hunt on talks between the government and the opposition Labour Party to find a consensus over Brexit.
European shares were steady in early trade on Monday, as hopes that Sino-U.S. trade talks could be nearing their final stages and strong Chinese economic data eased worries over the global economy, but domestic trade tensions kept a lid on advances. Milan's main index and Madrid's led with gains of 0.4 percent, while London's FTSE 100 lagged with a 0.1 percent dip. Asian shares neared nine-month highs after U.S. Treasury Secretary Steven Mnuchin said on Saturday a U.S.-China trade agreement would go "way beyond" previous efforts to open China's markets to U.S. companies, and hoped that the two sides were close to the final round of negotiations.
Britain's main index lost ground on Monday after rounding off a solid week while investors awaited fresh updates on the Brexit process, and industrials slipped on a read-across from Boeing cutting 737 aircraft production. The exporter-heavy FTSE 100, which had scaled six month highs for the most of last week, was down 0.1 percent by 0718 GMT, as a stronger pound also weighed, while the midcaps also dipped by the same amount.
Sodexo's sport and leisure business, which provides catering at the U.S. Super Bowl, Royal Ascot and the Eiffel Tower, will focus on organic growth as it integrates its 2017 U.S. acquisition Centerplate. Nathalie Bellon Szabo, the chief executive of Sodexo's Sports & Leisure Worldwide business said it plans to grow in its three key markets of the United States, France and Britain by securing more contracts and also look to expand in China.
The result topped a Jefferies forecast of 5 percent growth while analysts at Morningstar said, given waning European economic conditions, Compass' 6.4 percent organic growth there was "a shock". The provider of 5.5 billion meals a year for office workers, soldiers and school children in more than 50 countries said it expects organic growth for the year to be slightly above the middle of its 4-6 percent guidance. "We remain a touch cautious and conservative in the outlook," Blakemore said, noting factors including Brexit, the aftermath of the U.S. government shutdown and street protests in France.
Britain's blue-chip index fell sharply on Thursday as economic growth concerns resurfaced after the Bank of England joined the European Commission in cutting its growth forecast amid Brexit uncertainty, while tour operator TUI plunged after poor results. The FTSE 100 ended down 1.1 percent, well away from the more than three-month high it hit earlier in the session, while the FTSE 250 slid 1.4 percent.
$200 Million Contract Includes Surprise Revenue That Should Boost 2019 Ebitda Another 6% By John Jannarone Target Lodging, a flexible-housing operator focused in the petroleum-rich Permian Basin, has landed a $200 million contract including $45 million of revenue that wasn’t part of internal forecasts, an early sign of successful synergies in an upcoming three-way merger. […]