Showcase

Cuttings

Blog

Visa Navigate

WORKING ONLINE TO SUPPORT NEIGHBOURHOOD BUSINESSES OFFLINE

WORKING ONLINE TO SUPPORT NEIGHBOURHOOD BUSINESSES OFFLINE

WORKING ONLINE TO SUPPORT NEIGHBOURHOOD BUSINESSES OFFLINE May 2020 From nothing to 1.6 million in less than five years. The success is counted in people and belongs to Berlin-based nebenan.de. The aim is to improve – sometimes create – physical neighbourhood communities using digital technologies. It is clearly working. Nebenan.de, which translates into English as ‘Next Door’, facilitates sharing and exchange of goods and services. It has sister projects in France, Spain and Italy. And, though the venture pre-dates coronavirus, it has come into its own during the pandemic. Real places are the focus. Sure, the distancing advantages of...

read more

Visa Navigate

WORKING ROUND THE CLOCK TO HELP LOCAL RESTAURANTS

WORKING ROUND THE CLOCK TO HELP LOCAL RESTAURANTS

WORKING ROUND THE CLOCK TO HELP LOCAL RESTAURANTS May 2020 Within minutes of a customer making an order, Deliveroo puts locally cooked food on tables in homes all over the world. Within days of the Covid outbreak, it threw lifelines to its international network of 80,000 restaurants. Deliveroo’s approach to tackling the crisis was to make things easier for its partners. It reduced the joining fees for new eateries (from the equivalent of €485 to €55); and dropped the joining fee completely for new, small and medium sized restaurants. It also launched its #heretodeliver social media campaign. On hardware, Deliveroo said restaurants could use...

read more

Hospitality Insights

VRBO LEADS ‘BOUNCY’ EXPEDIA

VRBO LEADS ‘BOUNCY’ EXPEDIA

VRBO LEADS 'BOUNCY' EXPEDIA 2 August 2020 Expedia struck decidedly upbeat notes about recent and current trading alongside second quarter earnings figures posted on 30 July. Its assessment of its Vrbo home-rental booking service was particularly bullish. Overall revenue fell 82% to $566m in the three months to the end of June, compared to $3.2bn in the same period of 2019. The company fell to a net operating loss of $849m for the quarter against profit of $265m last year. Peter Kern, Expedia vice chairman and CEO, said: “April was very tough for everybody. It was the bottom of the trough. We have seen consistent growth coming out of that....

read more

Hospitality Insights

HOST SAYS 10% TO 15% OCCUPANCY IS ENOUGH

HOST SAYS 10 TO 15% OCCUPANCY IS ENOUGH

HOST SAYS 10% TO 15% OCCUPANCY IS ENOUGH 2 August 2020 Host Hotels & Resorts has said that its properties can be economically viable with occupancy as low as 10 to 15%. At that level, the company said, it would expect to lose marginally less Ebitda being open than closed. It said it had reduced hotel operating costs by 72% in the second quarter compared to the prior year implying that average hotel-level operating loss for the portfolio and per key was approximately $54m and $1,160m, respectively. Second quarter revenues fell 93% from $1.48bn to £103m. It made a net loss in the three months to 30 June of $356m, down more than $650m on...

read more

The Times Leading Article

DELHI’S DAY

DELHI’S DAY

DELHI’S DAYGordon Brown spent ten years as Chancellor of the Exchequer before finding time to visit India. It has taken him a little over six months to grace the subcontinent with his Prime Ministerial presence. The importance of India, on the political and economic stages, has grown at rapid speed. He is also acknowledging that Britain, and the rest of the developed world, needs India to play an ever-larger part in world affairs. Mr Brown's contribution to global diplomacy is still in its infancy. But he has vigorously supported reform of international institutions such as the United Nations and the International Monetary Fund . . . He...

read more

The Times Personal Investor column

BREAK WITH TRADITION CAN LIFT UNILEVER

BREAK WITH TRADITION CAN LIFT UNILEVER

BREAK WITH TRADITION CAN LIFT UNILEVERHow much influence does a chief executive exert over the fortunes of a company? It is a question that weighs heavy on the minds of investors in Unilever, the maker of Hellmann’s mayonnaise and Dove soap. It weighs because Unilever has a new chief executive, Paul Polman. There is extra interest because Mr Polman is the first external candidate to be appointed to this role at Unilever. It is, or was, a company that prided itself on its ability to breed its own leaders. Indeed, it bred leaders for plenty of other businesses, too. Unilever’s reputation for internal management strength comforted investors....

read more

The Times, Tempus column

ARM HAS THE MUSCLE TO OVERCOME SWINGS IN SILICON CHIP DEMAND

ARM HAS THE MUSCLE TO OVERCOME THE SWINGS IN SILICON CHIP DEMAND

ARM HAS THE MUSCLE TO OVERCOME THE SWINGS IN SILICON CHIP DEMAND Tempus investment column; The Times, February 2007There was a time when investors could not get enough of ARM — but that was back around the turn of the millenium, when hopes for ARM semi-conductor designs was more imagined than real. In the past three of four years, a period that has seen the company prove that demand for “ARM-architecture” silicon chips is both real and far-reaching, supporters of the investment story have been few and far between. The share price chart, reproduced here, tells the story. While the market has forged forward, ARM stock has hovered. It has had...

read more

The Times 

ROBERT COLE’S RECESSION-ASAURUS (EXTRACTS)

ROBERT COLE’S RECESSIONASAURUS (extracts)

ROBERT COLE’S RECESSIONASAURUS (extracts)It’s happened to us all. One minute you’re in your element, waxing lyrical about the big match over a bag of peanuts down the pub, the next the talk turns to the markets and you’re left clutching at more straws than an octopus playing Kerplunk. Worry no more . . . Administration: One step from bankruptcy. Bear: a pessimistic investor, often seen crouching in the woods. Billion: a thousand million – nine noughts. Bookrunner: holder of the begging bowl. Bull: an optimistic investor thought by sceptics to talk rubbish. Deflation What happens when things get cheaper. Depression When recessions get really...

read more

Reuters
Breakingviews

TESCO SHOULD CUT ITS DIVIDEND

TESCO SHOULD CUT ITS DIVIDEND

TESCO SHOULD CUT ITS DIVIDENDAugust 2014 Shareholders ultimately lose out when too-high payouts prevent companies from responding well to problems. Right now, Tesco needs all the financial flexibility it can muster. Its current dividend is dangerously constricting. In pure financial terms, the UK-based supermarket has the wherewithal to maintain the payment at current levels. The last 14.76 pence annual dividend was twice covered by underlying earnings per share, and the 1.2 billion pound payment was roughly the same as the free cashflow, HSBC calculates. If profit falls short, Tesco could cut capital expenditure – currently 2.5 billion...

read more

Cuttings

Leading Article,
The Times

DELHI’S DAY

WORKING ONLINE TO SUPPORT NEIGHBOURHOOD BUSINESSES OFFLINE

WORKING ONLINE TO SUPPORT NEIGHBOURHOOD BUSINESSES OFFLINE May 2020 From nothing to 1.6 million in less than five years. The success is counted in people and belongs to Berlin-based nebenan.de. The aim is to improve – sometimes create – physical neighbourhood communities using digital technologies. It is clearly working. Nebenan.de, which translates into English as ‘Next Door’, facilitates sharing and exchange of goods and services. It has sister projects in France, Spain and Italy. And, though the venture pre-dates coronavirus, it has come into its own during the pandemic. Real places are the focus. Sure, the distancing advantages of...

Reuters
Breakingviews

TESCO SHOULD CUT ITS DIVIDEND

DELHI’S DAY

DELHI’S DAYGordon Brown spent ten years as Chancellor of the Exchequer before finding time to visit India. It has taken him a little over six months to grace the subcontinent with his Prime Ministerial presence. The importance of India, on the political and economic stages, has grown at rapid speed. He is also acknowledging that Britain, and the rest of the developed world, needs India to play an ever-larger part in world affairs. Mr Brown's contribution to global diplomacy is still in its infancy. But he has vigorously supported reform of international institutions such as the United Nations and the International Monetary Fund . . . He...

The Times Personal Investor column

BREAK WITH TRADITION CAN LIFT UNILEVER

WORKING ROUND THE CLOCK TO HELP LOCAL RESTAURANTS

WORKING ROUND THE CLOCK TO HELP LOCAL RESTAURANTS May 2020 Within minutes of a customer making an order, Deliveroo puts locally cooked food on tables in homes all over the world. Within days of the Covid outbreak, it threw lifelines to its international network of 80,000 restaurants. Deliveroo’s approach to tackling the crisis was to make things easier for its partners. It reduced the joining fees for new eateries (from the equivalent of €485 to €55); and dropped the joining fee completely for new, small and medium sized restaurants. It also launched its #heretodeliver social media campaign. On hardware, Deliveroo said restaurants could use...

The Times

ROBERT COLE’S RECESSIONASAURUS
(extracts)

HOST SAYS 10 TO 15% OCCUPANCY IS ENOUGH

HOST SAYS 10% TO 15% OCCUPANCY IS ENOUGH 2 August 2020 Host Hotels & Resorts has said that its properties can be economically viable with occupancy as low as 10 to 15%. At that level, the company said, it would expect to lose marginally less Ebitda being open than closed. It said it had reduced hotel operating costs by 72% in the second quarter compared to the prior year implying that average hotel-level operating loss for the portfolio and per key was approximately $54m and $1,160m, respectively. Second quarter revenues fell 93% from $1.48bn to £103m. It made a net loss in the three months to 30 June of $356m, down more than $650m on...

RENTOKIL COMES CLEAN

RENTOKIL COMES CLEANIt's almost cruelly ironic that Rentokil Initial, a company dedicated to eradicating pests and cleaning toilets, is being so hard hit by the pandemic. It's a specialist in handwashing, FFS! That said, its approach to commercial difficulties, outlined in its trading update of 25 March 2020, is little short of exemplary. It is an object lesson in frank and fair-minded shareholder communication that should be practised by all companies serious about #ESG. Rentokil says that “significant uncertainty exists around the impact of COVID-19,” and that the “situation is particularly complex due in part to the wide range in...

read more

Showcase

#esg in the time of #coronavirus

RENTOKIL COMES CLEAN

RENTOKIL COMES CLEAN

RENTOKIL COMES CLEANIt's almost cruelly ironic that Rentokil Initial, a company dedicated to eradicating pests and cleaning toilets, is being so hard hit by the pandemic. It's a specialist in handwashing, FFS! That said, its approach to commercial difficulties, outlined in its trading update of 25 March 2020, is little short of exemplary. It is an object lesson in frank and fair-minded shareholder communication that should be practised by all companies serious about #ESG. Rentokil says that “significant uncertainty exists around the impact of COVID-19,” and that the “situation is particularly complex due in part to the wide range in...

 Contact Us

robert@bettercopy.co.uk   (07974 357 237)

emma@bettercopy.co.uk  (07966 314 515)

%d bloggers like this: