Richard Beales
Richard Beales joined Breakingviews.com in 2007 from the Financial Times, where he was US markets editor and a Lex columnist. Prior to the FT, he spent more than 10 years as an investment banker, based largely in Hong Kong. He was a director in Citigroup’s mergers team, and before that head of Schroders’ regional project finance group. He has also lived briefly in Sydney, Australia, and began his working life in London at Mars & Co, a management consultancy, in 1989. Richard holds a masters in business journalism from New York University and a degree in biochemistry from St John’s College, Cambridge. He won the best deadline or breaking news story category at the 2009 Business Journalist of the Year Awards.
Contact Info
- Tel: +1 646 223 6086
- E-mail: richard.beales@thomsonreuters.com
Recent stories
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Contemporary art becomes the gold of the new rich
This week’s big sales brought records for Rothko, Klein, Lichtenstein and others. Scarcity is part of the allure, as are taste and the spending power of the global plutocracy. One thing to please at least the financiers among them is that contemporary art has inked good returns, too.
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Facebook reality tops out near bottom of IPO range
The social network is aiming for an IPO at $28-$35 a share, for a value up to $96 bln. Though the final price could go higher, that’s a ratcheting down of expectations. But an update of Breakingviews’ DCF calculator shows that sanity is still at the low end of the valuation scale.
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Apple’s valuation isn’t at risk any time soon
Its $550 bln market cap is mind-boggling, but the fast-growing iPhone maker nevertheless trades at an absurdly low 12 times earnings. A new Breakingviews calculator shows how even if growth and margins decline improbably fast, Apple should still be worth far more in 2016.
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How Apple's valuation can stay fresh
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Sunoco owners get rewarded for patience
- News Corp finds yet another way to annoy investors
- Avon CEO hire risks making corner office crowded
- What's Facebook really worth?
- What's Facebook really worth?
- Apple needs good, not just better, supply chain
