The government may set a more ambitious target to reduce the country’s elevated logistics costs, long blamed for eroding its export competitiveness, as it inches closer to finalising a national logistics policy. It will likely set a target to reduce logistics costs by as much as five percentage points over the next four-five years to […]
APHS’ Q4FY22 EBITDA was 6% lower than our estimates largely on slower hospital traction. While another delay in Healthco fund-raise is a dampener, execution stays impressive and APHS is witnessing healthy demand tailwinds across all segments. Post a 38% fall from its 52-week high, valuations are attractive. For the hospital segment, CMP implies a <16X […]
APSEZ reported an expectedly weak print in Q4. Its capex plan aims to provide the path for APSEZ to (1) reach 500-mn ton port volume target by FY2025 from 350-360-mn FY2023 guidance and (2) become a transport utility with a strong logistics offering. Up-fronting of capex and fluid market conditions would make the path to […]
Bloomberg Surveillance: Early Edition, live from London and New York. Francine Lacqua, Anna Edwards, Matt Miller, and Kailey Leinz deliver the latest news and analysis on the markets with leaders in global finance and economics. Erik Nielsen, Chief Economics Advisor at Unicredit, says he doesn’t see 5% growth coming back in China. Maarten Slendebroek, Chairman […]
Estonian Prime Minister Kaja Kallas said in an interview with Bloomberg in Brussels that her future as head of government is unclear. When asked if she is confident that she will hold on to power amid a standoff with the junior coalition partner, she said that “politics is so that one day you’re in power and the […]
Graduates from the top 50 overseas universities can apply to come to Britain through a new visa scheme. Ministers hopes the “high potential individual” route, being launched today, will attract the “brightest and best” at the beginning of their careers. Successful applicants with a bachelor’s or master’s will be given a two-year work visa, while […]
Rising costs have created a “ticking timebomb” for UK small business owners, the chairman of the Federation of Small Businesses (FSB) has warned, with almost half a million firms at risk of going bust within weeks without a fresh wave of government support. While the FSB chairman, Martin McTague, applauded the chancellor Rishi Sunak’s latest […]
The extended Bank Holiday to mark the Queen’s platinum jubilee will give Britain’s small firms a much needed revenue boost. The closely-watched Barclays SME Barometer suggests three in five small business owners are expecting to see revenues higher this year than last, helped by an anticipated spending spree over the coming week. But around three […]
Cobalt, lithium and nickel prices will drop over the next two years, Goldman Sachs Group Inc. said in a note on Sunday. The long term prospects for the metals, used in batteries, remain strong because of the rapid adoption of electric vehicles, but investor exuberance has led to an oversupply, according to Goldman. Paul Wallace […]
Eva Lee, head of Greater China equities at UBS Global Wealth Management, Chief Investment Office, discusses the outlook for Chinese stocks and credit, the economy, and the opportunities she sees. She speaks with David Ingles and Yvonne Man on “Bloomberg Markets: China Open.”