In this article we analyze the so called “sector rotation”, which can be seen in the US stock market since the second half of 2018 and we try to exploit this phenomenon by identifying some interesting investment opportunities in the undervalued sectors. More specifically, in the first part of the Read more…
Introduction On October 1, 2018, leading Italian coffee company Lavazza announced its acquisition of Mars Drinks, the renowned coffee businesses of Mars Incorporated. The deal entails Lavazza’s acquisition of the single-serve Flavia machine and the Klix freestanding Vending machine businesses – two leading brands in the Office Coffee Service (OCS) Read more…
Honda Motor Co Ltd: Market Cap as of 12/10/18 – JPY 5.601tn General Motors Co: Market Cap as of 12/10/18 – $44.95bn Introduction On October 3rd Honda announced a $2.75 billion investment in General Motors Cruise self driving unit, obtaining a 5.7% stake in the company. The transaction was conducted Read more…
Aston Martin Lagonda Global Holdings Plc (AML: GB) – market cap as of 8/10/2018: €3.6bn Introduction Aston Martin Lagonda Global Holdings Plc, one of the world’s leading manufacturers of luxury sports cars, completed its Initial Public Offering on the London Stock Exchange on October 3rd, 2018. The issue price of Read more…
The aim of this article is to walk the reader through the implementation of the Black-Scholes model for option pricing in VBA. Firstly, we’ll recap the theoretical framework. Secondly, we’ll provide the code to put the theory into practice and show some basic (but hopefully relevant) applications. The Theory – Read more…
Michael Kors Holdings Limited (NYSE:KORS) – market cap as of 02/10/2018: USD9.954bn Gianni Versace SpA Introduction On September 25, 2018 the handbag maker Michael Kors Holdings Limited signed an official agreement to purchase all of the outstanding shares of the Italian fashion house Gianni Versace SpA for a total Read more…
Comcast Corporation (NASDAQ: CMCSA) – market cap as of 03/10/18: USD 163.67bn Framework In order to further understand the dynamics behind the acquisition of Sky by Comcast, it’s useful to provide some context and shed some light on the series of events that started in the winter of 2016 and Read more…
Adobe System [ADBE: NASDQ] – Market Cap as of 30/09/2018 $131.772bn Introduction On September 20, 2018, the American multinational computer software company Adobe Systems, announced that it had entered into an agreement to buy the B2B marketing engagement cloud platform Marketo from Vista Equity Partners, in a transaction valued at Read more…
US On Monday 1st October, the auction of three- and six-months treasury bills took place. The former have been issued with an average yield of 2.175% against 2.18% of the previous sitting while six-months have been issued averagely at 2.335% compared to 2.32%. Wednesday the EIA published data about WTI Read more…
In this article we are going to analyse Brazil’s next General elections, scheduled to be held on October 7 (i.e. today). The first section will present some basic information about Brazil and a brief background on the current political situation. The second part will present key factors on the Brazilian Read more…
UK Brexit talks continued and the Prime Minister Theresa May has been under increasing pressure during the week, amid Conservatives Annual Conference where her speech will be under scrutiny. Mr Johnson, the former foreign secretary, affirmed itself against the Chequers plan for Britain’s relations with the UK after it leaves Read more…
This article analyses the economic landscape in Poland. It presents the figures that led FTSE Russell to review the outlook on this no-longer-emerging market. When discussing The FTSE Quality of Market criteria, the author focuses on parameters improvement, which resulted in the upgraded outlook of the Polish economy. The Read more…
Greek Banking Sector The Greek banking system is built around four large systemic banks, whose summary statistics you can see in the table below. All four banks have undergone a significant restructuring process, whereby both the asset value and the market capitalization went down a lot. In addition, a number Read more…
Marsh & McLennan Companies [MMC:NYSE] – Market Cap 42,252bn Jardine Lloyd Thompson plc [JLT.T:LSE] – Market Cap 4,025bn Introduction On September 18, 2018, the New-York-based conglomerate Marsh & McLennan Companies Inc. (“MMC”), a global leader in the fields of risk, strategy and people, acquired the lower-scaled UK rival Jardine Lloyd Read more…
Tesla Inc. (Nasdaq: TSLA) – market cap as of 29/09/2018: USD 45.17bn Recent History Tesla Inc. has been on the front page of newspapers since its IPO in 2010. Elon Musk, its charismatic CEO and Chairman, is one of the most famous entrepreneurs in current times and he has been Read more…