www.breakingviews.com Open in urlscan Pro
35.153.195.28  Public Scan

Form analysis
0 forms found in the DOM

Text Content

|

Request a Free Trial

Search

MenuSign In
HomeRegionsColumnsFeaturesVideosPodcastsBooksCalculatorsUkraine/RussiaContact Us
Sign InRequest a Free Trial
HomeRegionsColumnsFeaturesVideosPodcastsBooksCalculatorsUkraine/RussiaContact Us


DEBT RULE TWEAK CAN HELP UK AVOID MORON PREMIUM

25 Oct 2024

Two years ago, former Prime Minister Liz Truss’ unfunded tax cuts sent 10-year
gilt yields surging to 4.5%. Now, new Chancellor Rachel Reeves can avoid a
similar debacle with small changes to the fiscal rules in next week’s Budget.
With yields at 4.2%, there is no room for error.

Two years ago, former Prime Minister Liz Truss’ unfunded tax cuts sent 10-year
gilt yields surging to 4.5%. Now, new Chancellor Rachel Reeves can avoid a
similar debacle with small changes to the fiscal rules in next week’s Budget.
With yields at 4.2%, there is no room for error.

Thames debt rejig is oddly good deal for creditors

25 Oct 2024





The ailing UK water utility wants bondholders to defer repayments and give it an
extra 3 bln pounds. Investors defer a messy default now and earn an equity-like
return on the new money. And they can hope that PM Keir Starmer will agree to
price rises, lowering future losses.



Founder’s syndrome gets a new enabler

25 Oct 2024





Shares in $25 bln WiseTech soared 14% after the software firm dropped its
scandal-hit CEO Richard White only to keep him on as "founder and founding CEO".
Faced with a classic key-man risk problem, the board chose a farcical
workaround. It sets them up poorly for the long run.



China robotaxi IPOs may struggle to find their way

25 Oct 2024





Pony AI and rival WeRide are prepping US listings. But shares in fellow
autonomous-vehicle pioneers like Mobileye and Hesai have lost half their value
or more in the past year, and the road to profitability for driverless cabs
looks long. That makes these deals a harder sell.



Investors will keep Ari Emanuel in the boxing ring

24 Oct 2024





The Hollywood super-agent is selling a bull riding franchise from Endeavor to
TKO for $3 bln. The price is hard to justify, and shareholders are throwing
tomatoes at the deal. While stuffing the assets together makes sense, it adds a
complexity to an already convoluted match.



Editor's Picks

China can help itself with a stronger stock market

Features | 22 Oct 2024

President Xi Jinping wants companies worth some $11 trln to deliver better
returns. Boosting long-term value would reassure anxious savers and help bring
down government debt. Taming volatility, though, will require Beijing to cede
some control.

GM clings to its first in class status

22 Oct 2024

The $60 bln carmaker beat expectations for the third quarter in a row. Electric
investments are paying off, high prices haven’t scared consumers and it has a
path back to robotaxis. Right now, GM is golden. Yet from subsidies to tech
breakthroughs, its ranking may be challenged.

Beauty giants’ growth blemish needs an AI makeover

23 Oct 2024

L’Oréal became the latest consumer group to warn of slowing sales growth. With
the industry downturn set to last, companies need to find new ways of cutting
costs, like using artificial intelligence. For CEO Nicolas Hieronimus, there’s a
near 20% valuation boost on offer.

Biden’s precise industrial policy may soon mutate

24 Oct 2024





National Security Adviser Jake Sullivan says protecting key technology and
renewable energy was an apt response to China’s threat, while similar policies
from allies vindicate the US approach. But if Donald Trump returns, the same
tariffs and sanctions may become blunter weapons.



Lean Renault offers hard lessons for ailing peers

24 Oct 2024





The $13 bln French group's sales beat expectations at a time when most European
carmakers are cutting their guidance. Renault benefits from its limited China
exposure, focus on cheap cars and past restructuring. That’s little solace for
bigger rivals Volkswagen or Stellantis.



Barclays’ investment bank slog gets welcome push

24 Oct 2024





The $46 bln UK lender’s dealmaking unit beat expectations in the third quarter,
helped by booming debt underwriting. A depressed share price shows CEO C.S.
Venkatakrishnan’s turnaround has a long way to go. But cutting costs is easier
when the business is growing.



Danone’s yogurt bounty can spur M&A spree

24 Oct 2024





The $47 bln company once lagged rivals like Nestlé and Unilever. But its
portfolio of nutrition and dairy products is now driving stronger growth as it
caters to health-conscious consumers. With a stronger balance sheet, CEO Antoine
de Saint-Affrique can start splurging on deals.



Tesla gives its faithful just enough good news

23 Oct 2024





Shares in Elon Musk’s $700 bln carmaker surged as operating profit rose 54%.
That owes more to cost cuts than growth, but along with heady sales predictions,
it overshadowed a disappointing robotaxi reveal. The rub is whether that’s
enough to justify investors getting charged up.



UK budget is a tightrope walk over a black hole

Podcasts | 24 Oct 2024





Finance Minister Rachel Reeves is due to set out tax and spending pledges while
hemmed in by campaign promises and economic reality - even if debt rules are
tweaked. In this Viewsroom podcast, Breakingviews columnists discuss the tall
task of selling it to the public and markets.



The Big View

Why stablecoins will entrench dollar’s supremacy



A Russian plan to break the greenback’s grip met a cool reception at the BRICS
summit in Kazan. The more important monetary news was Stripe’s $1 bln
acquisition of digital-currency group Bridge. Dollar-pegged blockchain currency
will keep Uncle Sam on top of the monetary order.



Most Popular

McDonald’s moves off the grill and into the fryer
Biden's precise industrial policy may soon mutate
Deutsche hits bad-debt snag on road to growth
Tokyo Metro takes wild ride on inefficient market
Beauty giants’ growth blemish needs an AI makeover
Ishiba’s bad election bet will boost Bank of Japan

24 Oct 2024

How to harvest cash crops amid a retail drought

Features | 23 Oct 2024

McDonald’s moves off the grill and into the fryer

23 Oct 2024

Budget US airlines look clearer for deal takeoff

23 Oct 2024

Deutsche hits bad-debt snag on road to growth

23 Oct 2024

Tokyo Metro takes wild ride on inefficient market

23 Oct 2024

China pins stimulus on money merry-go-round

23 Oct 2024

China-India ties will settle into a new normal

23 Oct 2024

Trump stumbles onto a useful globalist policy

22 Oct 2024

New CEO clicks HSBC Rubik’s cube into right place

22 Oct 2024

EQT defers exit brainteaser with school deal

22 Oct 2024

India’s lenders face the end of lazy banking

22 Oct 2024

Why brewers are betting big on alcohol-free beer

Podcasts | 22 Oct 2024

Boeing starts to tick off its pre-flight checklist

21 Oct 2024

Walt Disney takes mouse-sized governance step

21 Oct 2024

Swiss finish would take shine off UBS’s M&A gift

Features | 21 Oct 2024




--------------------------------------------------------------------------------

Thomson Reuters Products

Westlaw

Build the strongest argument relying on authoritative content, attorney-editor
expertise, and industry defining technology.

Onesource

The most comprehensive solution to manage all your complex and ever-expanding
tax and compliance needs.

Checkpoint

The industry leader for online information for tax, accounting and finance
professionals.

--------------------------------------------------------------------------------

LSEG Products

Workspace

Access unmatched financial data, news and content in a highly-customised
workflow experience on desktop, web and mobile.

Data Catalogue

Browse an unrivalled portfolio of real-time and historical market data and
insights from worldwide sources and experts.

World-Check

Screen for heightened risk individual and entities globally to help uncover
hidden risks in business relationships and human networks.

--------------------------------------------------------------------------------

 * Browse by Topic
 * About Us
 * Journalists
 * Jobs
 * Contact Us
 * Tips and Tricks
 * Mobile App
 * Privacy
 * Terms of Use



© Reuters News & Media Ltd 2024. All rights reserved.

This website uses cookies to ensure you get the best experience on our website.
 Learn more

Got it!