Corona Capital: Europe’s recovery, Indian selloffs 21 Aug 2020 Concise views on the pandemic’s corporate and financial fallout: The latest economic reports from Britain, France and Germany paint a patchy picture; and why the virus will hinder New Delhi’s asset-sale programme.
Corona Capital: Nvidia, Air conditioners 20 Aug 2020 Concise views on the pandemic’s corporate and financial fallout: Nvidia goes gangbusters, HVAC units have their moment in the sun.
Corona Capital: Vegan eggs, Target’s online fiesta 19 Aug 2020 Concise views on the pandemic’s corporate and financial fallout: A maker of chicken-free egg products accelerates its IPO plans amid Covid-19, while U.S. supermarket group Target shows that preparedness is everything in e-commerce.
Corona Capital: Champagne, Canada, College chaos 18 Aug 2020 Concise views on the pandemic’s corporate and financial fallout: Champagne growers cut production; Canada’s finance minister quits over stimulus costs; and some American universities are collecting tuition fees before telling students that in-person classes can’t happen.
TUI equity call is probably a matter of when 13 Aug 2020 Anti-Covid-19 restrictions led Europe’s largest holiday operator to a 1.5 bln euro quarterly loss. Expensive German state loans have given boss Friedrich Joussen enough cash to last until next year’s hoped-for rebound. Even if it arrives, high debts make a rights issue likely.
Corona Capital: “Halo”, Salesforce, Brooks Bros 12 Aug 2020 Concise views on the pandemic’s corporate and financial fallout: Microsoft delays the next chapter of the “Halo” game franchise; Salesforce gets a lockdown bonus with sale of Zoom shares; and Simon Property suits up with a purchase of Brooks Brothers out of bankruptcy.
Corona Capital: Telemedicine, Outdated movie rules 10 Aug 2020 Concise views on the pandemic’s corporate and financial fallout: Men’s wellness outfit Hims matches the online medical consultation trend with a financial one, namely blank-check companies; and Washington finally scraps a “Gone with the Wind”-era regulation.
Corona Capital: PizzaExpress, Aerospace pain 4 Aug 2020 Concise views on the pandemic’s corporate and financial fallout: The UK restaurant chain’s restructuring is not that tasty a meal for creditors; Airplane-parts maker Spirit’s reliance on Boeing’s 737 MAX has it heading into worse turbulence.
IAG’s capital raise buys limited flying time 31 Jul 2020 The British Airways owner is tapping investors for 2.8 billion euros of equity. But the carrier is burning through 800 million euros of cash each month. Unless restrictions in its three biggest markets lift soon, a government bailout may be the only way to avoid a rough landing.
Corona Capital: GM, Glaxo, Shopify, Movies, Pemex 29 Jul 2020 Concise views on the pandemic’s corporate and financial fallout: General Motors pulls further ahead; GlaxoSmithKline’s vaccine-order boost; Shopify fills its revenue basket; AMC bows to online streaming’s growing power; Mexico’s oil giant puts on a brave face.
Corona Capital: Precious metals, Share sales, Toys 27 Jul 2020 Concise views on the pandemic’s corporate and financial fallout: The virus and central banks’ response to it is a rich seam for gold and silver prices; UK companies’ growing preference for bonds rather than stock is a warning sign; Hasbro and Mattel vie to see who loses less.
Ryanair pain will be milder than rivals’ misery 27 Jul 2020 CEO Michael O’Leary is focusing on preserving cash and cut staff costs by 77% in the first quarter. Competitors that have more unionised employees can’t tighten their belts as much. Another big wave of infections would be even worse for them than the 11 bln euro budget carrier.
Corona Capital: Thanksgiving shopping, Airlines 22 Jul 2020 Concise views on the pandemic’s corporate and financial fallout: Walmart gives thanks to employees; Airlines’ relative winners emerge.
Corona Capital: Newspapers, 747s 17 Jul 2020 Concise views on the pandemic’s corporate and financial fallout: Congress may dangle newspapers a lifeline; British Airways brings its fleet of jumbo jets in for a final landing.
Corona Capital: Good news is bad news 16 Jul 2020 Concise views on the pandemic’s corporate and financial fallout: U.S. retail sales are rising and some banks say consumers are surprisingly resilient – but a recovery once glimpsed is even harder to give up.
Airlines need surgery not a vaccine 14 Jul 2020 Delta’s CEO said business travel, recently half its revenue, may never fully recover. That suggests the health crisis is turning into a full-fledged shift in behavior. The U.S. government could re-up bailouts. But the industry needs to shrink and rethink to stay airborne.
Virgin’s budget rescue buys a bit more flying time 14 Jul 2020 Richard Branson’s airline claims its rescue deal is worth 1.2 bln pounds. But the tycoon and other investors are only chipping in 370 mln pounds of new cash, with payment holidays and deferrals bringing in the rest. With few assets to borrow against, it’s the best deal on offer.
American Airlines has jumbo-sized seating dilemma 10 Jul 2020 The Dallas-based carrier’s un-socially distanced cabins have displeased passengers and health officials. But a look at its finances suggests the alternative would be big losses. It’s hard to see how American can please the many people who have stumped up to keep it airborne.
Corona Capital: Nursing homes, Airlines, Walgreens 9 Jul 2020 Concise views on the pandemic’s corporate and financial fallout: Nursing home investments will get a rethink; airline travelers get the upper hand; and Walgreens’ LBO heyday is in the past.
Corona Capital: Not so united 8 Jul 2020 Concise views on the pandemic’s corporate and financial fallout: A potential round of cuts at United Airlines lays bare the pitfalls of the government being both savior and investor.