Anthony Bondain

At Boeing, stock buybacks are blurring the reality

Boeing had probably the worst year in its history in 2019. At least in its recent history. And it's probably not over yet. The company has managed the B737 MAX crisis in a catastrophic way. And obviously, also, the industrialization of the aircraft, according to the first elements that emerge from current surveys - without giving excessive credit to the "good phrases" of employees recently published by Congress. In the end, its shareholders have only suffered moderately from the situation, thanks to a questionable policy of share buybacks.

January 15, 2020 at 10:36 am

Billionaire-owned companies do better

Listed companies controlled by billionaires have had stock market performance almost twice as better as the average over the past 15 years, according to data analyzed by UBS and PwC in the sixth annual version of their "Billionaires Report", the first of which addresses this subject. The "Billionaire Report" identified 2101 ultra-rich countries in 43 countries in the Americas, Europe, Africa, Middle East and Asia Pacific regions.

November 08, 2019 at 09:31 am

A selection of British stocks to play the Brexit game

If Brexit was a song, it would be the Clash's "Should I stay or should I go" or the Beatles' "Hello Goodbye". But what if it was wallet? Liberum had a go at answering this question, and it is quite natural since the broker was born in the heart of the British capital.

October 16, 2019 at 11:26 am

Luxury: Hong Kong could cost the sector up to 1.2% growth

What will be the impact of the persistent unrest in Hong Kong on the luxury industry? About 0.6 to 1.2% on the growth of the sector in 2019 if the turmoil persists by the end of the year, according to Bernstein's projections. It also cites the key players who will, from its point of view, be the most and least affected.

October 11, 2019 at 10:23 am

Should shareholders have less power?

Is focusing on yields to shareholders the ultimate objective of a company? For the most powerful organization of American CEOs, the answer was yes, until August 2019. But since last week, the Business Roundtable has decided to put "customers, employees, suppliers, communities and shareholders" on the same level. For the time being, this declaration is symbolic, but it signals a change in the entrepreneurial culture of major American groups.

August 28, 2019 at 10:36 am

The ECB switches to a "very accommodating" monetary policy

With three months to go before Mario Draghi's term as head of the ECB comes to an end, the central bank had an appointment on July 25 for what is undoubtedly one of the most uncertain meetings in several quarters. The economic slowdown in Europe and the mess resulting from the trade war started by the Donald Trump are redistributing cards again. So much so that the institution is forced to react vigorously.

July 25, 2019 at 10:55 am

Panic in the semiconductors sector

The US de-listing of Huawei raises the much larger issue of the smartphone industry's supply chain. Widely exposed to China, its web is extremely complex. If retaliation measures escalate, paralysis areas would be numerous and problematic, primarily for both sides but also for the rest of the economy.

May 22, 2019 at 10:39 am

"Pleasure" consumption highly valued on Wall Street

The earnings season is coming to an end in the United States, in a context heightened by trade tensions between China and the United States. The overall result is positive, with prospects for a slight increase in results this year. Here is a focus on sectors, with investors who are always willing to pay a high price for the consumer discretionary sector.

May 13, 2019 at 10:28 am

With China, Trump is getting closer to his goal

Those who thought that Donald Trump had softened up his stance against China were wrong. Those who doubted its incredible influence on the financial markets too. The President's tactics could be successful. If, and only if a Sino-American agreement is reached, the only possible way forward is for customs barriers to disappear.

May 06, 2019 at 10:34 am

Conglomerates, monuments in danger

Conglomerates have become obsolete. And the resilient ones, with a few exceptions, are unlikely to change investors' minds. General Electric shareholders know something about this. Let it be said in the 21st century, a well-valued company is a company that focuses on a core business.

April 04, 2019 at 11:26 am

Earnings season: Was 2018 a good vintage?

The time has come for an assessment of 2018 for listed companies. In the United States, this quarterly season is a good summary of recent market psychology: figures that do not justify the panic at the end of the year, but offer an opportunity to discreetly get rid of overly optimistic forecasts.

March 05, 2019 at 10:29 am

Tell me your name, I'll tell you if you're a good analyst

Economic reality is full of situations that contradicts the myth of a rational homo economicus. The study conducted by Dr. Jay Jung’s team at Cass Business school provides an astonishing new illustration, which other studies had already touched on: an analyst’s presumed ethnic origin has important consequences on the credibility he or she is given.

February 06, 2019 at 11:11 am

Markets: where does the money go?

Some of Barclays' white and blue tables have been adorned with colors this month to provide an interesting overview of market flows. We discover that European equities are much less popular than Japanese equities, and that cyclicals remain well represented in portfolios, despite fears about global trade dynamics.

January 31, 2019 at 10:57 am

Sentiment is improving on European tech companies

Let it be said, European technological values are no longer persona non grata at Barclays. This does not mean that they have become popular again, but an examination of the British bank's view provides some grounds for optimism among aficionados of the sector, whose beliefs were severely shaken in 2018.

January 23, 2019 at 10:59 am

Ford Motor Company: where is it implanted in Europe?

The US car manufacturer will eliminate several thousand jobs in Europe, out of a workforce of 53,000 people, to relaunch its division and adapt it to future sectoral constraints. The following graphic shows the group's industrial sites.

January 10, 2019 at 10:30 am

Strategy: Four sectors for the future

Do you want to focus on future growth sectors? UBS suggests four themes to invest for the medium / long term. If the ageing of the population seems to be an obsolete idea, there are still niches to be exploited. In Fintech and Space too.

January 09, 2019 at 10:44 am

LVMH: Hotels, a new territory to explore

LVMH recently announced the acquisition of the American company Belmond, a recognized player in the luxury hotel industry, for $3.2 billion. A transaction that marks a significant acceleration of Bernard Arnault's group on a previously confidential segment of its portfolio.

December 26, 2018 at 09:30 am

Behind the Fed’s decision

Wednesday will see the last monetary policy decision of 2018. Will the Fed cause an additional 40 days of gloom in markets that have not seen much sunlight in recent months? Here are some clues on how to approach a monetary policy decision.

December 18, 2018 at 10:30 am