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| Lex: notes from the past 24 hours
Financial Times - Lex
A nine-figure valuation on a company that made less than $4bn in sales last year implies stratospheric growth for years
Competition is getting tough in world?s fifth biggest wine market as domestic companies battle foreign brands
The past five days may be seen as the point when everybody realised that there was a clear path towards a eurozone break-up
Any team that reaches the lofty heights of the final of the world?s most exacting football competition deserves to be there
If clawbacks are employed, patforwards should be too ? and indeed some consultancies do this already
They face limited competition, have high and stable margins, and spew out cash ? yet they are still made light of
Praise is due the UK bank for a good start to shedding up to $55bn in risk-weighted assets, but investors should not get ahead of themselves
The suggestion is that information disclosed to the big agencies should be restricted, making it easier for new entrants to compete in the rating business
If the new CEO cannot solve the UK private equity group?s problems, liquidation seems desirable
Upbeat view is that its restructuring ? after an acquisition-led, debt-juggling growth phase ? suggests company is more alert to concerns
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