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UK stock picks to buy, avoid with fourth quarter catalysts: Barclays

October 10, 2020
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  • The FTSE 100 was one of the worst-performing major indexes in Europe in September. However, UK investment bank, Barclays, in a research note, said stocks in the UK region were cheap and under owned. 
  • The UK market is “foreign exchange sensitive” and with the GBP likely to be choppier due to Brexit uncertainty, Barclays predicts the FTSE 100 will improve, which could create opportunities for investors.
  • Barclays outlines seven UK stock picks with catalysts in the fourth quarter and two stocks to sell.
  • “Our seven OW-rated stocks have an average upside to our PT of 26%; whilst our two UW-rated stocks have an average downside to our PT of -27%,” said Barclays’ equity analyst, Richard Taylor, in the note.
  • Click here to sign up for our weekly newsletter Investing Insider
  • Visit Business Insider’s homepage for more stories.

The FTSE 100, the UK stock index that tracks the biggest 100 companies

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Ant’s IPO Runs Low on Time to Avoid U.S. Election Turbulence

October 9, 2020
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(Bloomberg) — Jack Ma’s Ant Group has a narrow window to make its much-anticipated market debut ahead of U.S. election turbulence. Now its bankers must grapple with any potential delays stemming from a debate in Washington over restrictions on the payments behemoth.

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Discussions over how and whether to restrict Ant — as well as Tencent Holdings Ltd.’s payments systems — have accelerated among senior U.S. officials in recent weeks though a decision isn’t imminent, Bloomberg reported.

They come as Ant is expected to raise about $35 billion from simultaneous initial public offerings in Shanghai and Hong Kong as early as this month. China’s biggest payments company already has approval for its mainland listing, but is waiting for a hearing with the Hong Kong stock exchange. That green light would need to come roughly by the middle of October if Ant aims to beat the U.S. presidential vote on

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The Top 3 Value Traps Investors Should Avoid at All Costs

October 8, 2020
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Value traps are companies that may seem cheap at first glance, but get progressively cheaper and cheaper until their stock destroys all the wealth investors can put into them. Such phenomena are quite common for companies that enduring considerable declines in their core operations, or are cooking their books to make their business look more attractive.

From a company that fabricated its financials, to another that’s embroiled in insider trading controversy, to another that faces allegations that its technology is non-existent, the stocks all have one thing in common: having fallen from great heights and appearing deceptively undervalued. Let’s look at why these companies are value traps and why investors should avoid them.

Couple giving refuse gesture.

Image source: Getty Images.

1. Luckin Coffee

Luckin Coffee (OTC: LKNC.Y) had high hopes of disrupting the Chinese coffee industry. Founded in 2017, the company began on a journey of rapid expansion across China, opening nearly 5,000

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Southwest CEO announces pay cuts to avoid layoffs, furloughs through 2021

October 6, 2020
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The expired $25 billion stimulus package is causing airlines to furlough workers and cut flights. FOX Business’ Kristina Partsinevelos with more.

In a video to employees Monday, Southwest CEO Gary Kelly announced that the airline will need to “sacrifice more” by undergoing pay cuts in an effort to avoid layoffs and furloughs through 2021 amid the coronavirus pandemic’s ongoing impact on travel demand.

The announcement comes as the airline industry has been pleading for an extension of the payroll support program allotted under the Coronavirus Aid, Relief, and Economic Security (CARES) Act which Congress passed in March following the expiration of the $25 billion bailout on Oct.1.

Kelly noted that since the act’s  Payroll Support Program (PSP) has expired, that Southwest “simply cannot afford to continue with the conditions required to maintain full pay and employment,” Kelly said.

Applauding his employees, stating they “all have performed magnificently” and called them

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U.S. airlines to accept billions in loans from federal government; still no deal to avoid furloughs

September 30, 2020
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The announcement comes as tens of thousands of airline employees face the possibility of furloughs if Congress is unable to reach a deal to extend a separate grant program that gave airlines billions of dollars if they agreed to keep workers on the job through the end of September. While negotiations continue, a deal must be reached before midnight Wednesday.

“The payroll support and loan programs created by the CARES Act have saved a large number of aviation industry jobs, and kept workers employed and connected to their health care, during an unprecedented time,” Treasury Secretary Steven Mnuchin said in a statement. “We are pleased to conclude loans that will support this critical industry while ensuring appropriate taxpayer compensation.”

Mnuchin also said Congress must extend the payroll support program, “so we can continue to support aviation industry workers as our economy reopens and we continue on the path to recovery.”

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Here’s Why You Should Avoid Betting on Greif (GEF) Now

September 29, 2020
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Greif Inc.’s GEF performance continues to bear the impact of weak demand owing to the coronavirus crisis and weak industrial manufacturing environment. High debt levels also remain a concern.

The Zacks Rank #4 (Sell) company — with a market capitalization of $1.8 billion — is a leading global producer of industrial packaging products and services with manufacturing facilities located in over 40 countries. Shares the company have lost 2.9% against the industry’s growth of 2.8% in a year’s time. Meanwhile, the S&P 500 Index has rallied 12.8% in the same time frame.

Factors Hurting the Stock

Greif expects fourth-quarter fiscal 2020 earnings to be around 66 cents per share implying a decline of 47% and 22% on a year-over-year and sequential basis, respectively. Profits are anticipated to be lower sequentially in the quarter owing to normal business seasonality, higher SG&A expenses, less opportunistic sourcing cost benefits, reduced sales in

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Millennial Money: Try touchless payment to avoid dirty money

September 29, 2020
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If you’re looking for a self-improvement task in this pandemic era, try teaching yourself to use contactless payments with your phone or “tap-to-pay” credit and debit cards.

Any germaphobe will tell you that the surfaces of bills and coins have always been gross. And handing your credit card to a cashier who has the sniffles and a hacking cough? Even in pre-pandemic times, also gross.

Now, COVID-19 has prompted the Centers for Disease Control and Prevention to advise using touchless payments whenever possible in the brick-and-mortar world.

Americans have been relatively slow to adopt touch-free payments even though they’re more convenient and secure than swiping credit and debit cards. But maybe hygiene will be the tipping point as people seek a solution for, well, yucky money.

“I think the pandemic is a strong impetus to change,” said Jodie Kelley, CEO of the Electronic Transactions Association. “I think it’s going to

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Try touchless payment to avoid dirty money

September 29, 2020
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If you’re looking for a self-improvement task in this pandemic era, try teaching yourself to use contactless payments with your phone or “tap-to-pay” credit and debit cards.



FILE - This Oct. 8, 2019 file photo shows the Apple Pay app on an iPhone in New York. Using contactless payments for in-person retail transactions offers convenience and security benefits, but amid the coronavirus pandemic, hygiene might be the best reason yet. “Contactless” usually means tap-to-pay credit and debit cards, smartphone digital wallets or retailer apps. (AP Photo/Jenny Kane, File)


© Provided by Associated Press
FILE – This Oct. 8, 2019 file photo shows the Apple Pay app on an iPhone in New York. Using contactless payments for in-person retail transactions offers convenience and security benefits, but amid the coronavirus pandemic, hygiene might be the best reason yet. “Contactless” usually means tap-to-pay credit and debit cards, smartphone digital wallets or retailer apps. (AP Photo/Jenny Kane, File)

Any germaphobe will tell you that the surfaces of bills and coins have always been gross. And handing your credit card to a cashier who has the sniffles and a hacking cough? Even in pre-pandemic times, also gross.

Now, COVID-19 has prompted the Centers for Disease Control and Prevention to advise using touchless payments whenever possible

… Read More

Read More »

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United Airlines pilots avoid furloughs, others to lose jobs

September 28, 2020
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  • United Airlines will avoid furloughs for nearly 3,000 pilots, the airline said Monday.
  • The pilots’ union and the airline agreed to a work-sharing measure to keep more pilots on active duty even as demand remains low during the pandemic.
  • The airline still plans to furlough 12,000 other workers when CARES Act funding requirements expire on October 1, unless an extension is passed before then.
  • Visit Business Insider’s homepage for more stories.

Nearly 3,000 United pilots who were slated to be furloughed later this week will keep their jobs, thanks to a new deal between the airline and the pilots’ union. The mitigation agreement, announced by the Airline Pilots Association and United on Monday, also avoids the furloughs of another 1,050 pilots that were slated for next year. 

However, United will still furlough roughly 12,000 workers on October 1, a senior executive said during a press briefing — unless Congress extends

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Business leaders urge UK government to avoid no-deal Brexit

September 28, 2020
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Carolyn Fairbairn wearing a blue shirt: Dame Carolyn Fairbairn, CBI director general, has said ‘a deal can and must be made’.


© PA
Dame Carolyn Fairbairn, CBI director general, has said ‘a deal can and must be made’.

Business leaders have heaped pressure on the government to agree a last-minute Brexit trade deal after a survey showed that more than three-quarters backed an agreement with Brussels.

The CBI warned ministers that only 4% of company bosses from a survey of 648 said they supported a no deal Brexit, while 77% said they wanted a deal.

Businesses reported that the pace of decline in parts of industry had eased, but half of respondents said the impact of dealing with Covid-19 had negatively affected preparations for Brexit.

The study showed that private sector activity fell in the quarter to September, but at a slower pace, adding to concerns from the British Chambers of Commerce and Make UK, which represents manufacturers, that the recovery has stalled across much of the economy.

Carolyn Fairbairn, CBI

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