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" ... However their $2 billion net worth today has slid from $4.8 billion in 2018 as the value of Green’s retail empire has slumped precipitously. In 2019, when U.S. private equity investment firm Leonard Green sold its 25% stake in Topshop for just $1, the writing was already on the wall. Retail expert Richard Hyman told Forbes then that Arcadia was “worthless beyond the clearance value of its stock.” ... "
" ... In the early days of the pandemic, lenders focused exclusively on portfolio management, trying to grasp the impact of the coronavirus-induced recession on their credits while making few, if any, new loans. Their immediate concern was on companies’ abilities to preserve cash and service their debts as entire sectors’ revenue and operations, especially travel, dining, hospitality and consumer/retail, slid to zero virtually overnight. ... "
" ... Part of the reason they both slid in their respective drafts was that scouts worried they would throw too many picks. As a junior at Pitt, Marino threw 37 touchdowns and 23 interceptions. The next year he again threw 23 interceptions and even fewer touchdowns (17). ... "
" ... Shanghai & Shenzhen slid into the close off -0.53% and -1.94% at 3,342 and 2,263 respectively as volume fell -11% from yesterday, which is 107% of the 1-year average. Breadth was off with 1,100 advancers and 2,232 decliners. The 518 Mainland stocks within the MSCI China All Shares Index dropped -1.47%, led by real estate +0.98%, utilities +0.79%, and energy +0.68%, while tech was off -3.82%, health care -2.78%, discretionary -2.59%, communication -2.21%, industrials -1.05%, staples -0.99%, and financials -0.54%. Northbound Stock Connect volumes were moderate/high as foreign investors sold -$140mm of Mainland stocks as Northbound Connect trading accounted for 5.8% of Mainland turnover. ... "
" ... Shanghai and Shenzhen opened higher but slid the entire day, closing -1.19% and -1.74% at 3,362 and 2,254 respectively. Volume was up +4% from yesterday, which is 105% of the 1-year average. Breadth was awful with only 729 advancers and 3,052 decliners. The 518 Mainland stocks within the MSCI China All Shares Index fell by-1.56%, led lower by materials, -3.02%, staples -2.56%, healthcare -2.4%, industrials -1.97%, communication -1.79%, and discretionary -1.03%. Northbound Stock volumes were moderate as foreign investors sold -$238mm of Mainland stocks as Northbound Connect trading accounted for 5.9% of Mainland turnover. ... "