Beyond Black-Outs / Risk Summaries

All,

Black-outs in Germany should be over by February and consumer confidence / disposable income will take time to drop to the point we will be pricing in by Christmas when we get more reliable readings. Soon the world will have had nine months to adjust to the war in the Ukraine and, unless there is a significant turn of events, we’ll settle into the new reality -

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Wolfgang FelixGENERAL
Iceland - More than just energy

Please find our updated model here.

Iceland remains one of the most popular names for you to converse on, with several differing views held even between you. The name remains divisive as we try to overlay Iceland’s unique position in the market as both a discounter and specialist frozen food retailer with

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Tomás MannionICELAND
Orpea - comment

Orpea will release its full H1 numbers after market close on 28th September, but the preliminary numbers are lower than expected. Changes in EBITDAR versus prior year is a function of

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Tomás MannionORPEA
Aggregate/Vivion - comment

This morning both companies announced a very beneficial deal for both parties. Vivion are buying two properties out of the QH complex for €456m. Half of which roughly will be paid with the 2024 bonds outstanding to Vivion. We are enquiring about the

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Wolfgang FelixAGGREGATE, VIVION
CMA - comment

CMA CGM and Brambles (the pallet supplier) have made strong references to the shifting sands of global trade. The near-term outlook for freight companies remains strong, but

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Aengus McMahonCMA CGM