Epstein Secrets

trading profit beats (trading +1.3%) • HSBC O1 profit almost doubles as bad debts decline and on cost-cutting (beats estimates) (trading +2.8%) • Prudential O1 numbers look decent (note the stock had a big run into the numbers (trading -2.9%) EFTA00390873 • Carlsberg Q1 sales ahead, net profit & EBIT

ine) reiterates guidance (trading +1%) • MercadoLibre eps missed sales but growth accelerated topping ests (vol trends improved) (trading +10%) • Liberty Global solid quarter loss narrowed on better revs as TNET, Germany outperformed • Senate votes to let states collect tax on out-of-state internet and cata

ex-chairman gets suspended sentence FT • New Qatar emir shakes up sovereign wealth fund FT • Investors pull $9.9bn from Pimco fund in June FT • Prudential appeals stricter Fed oversight FT • Ian Hannam legal case splits City FT • downgrades Barclays, Deutsche and Credit Suisse FT • Risks of a hard

tter, clean op income below, cautious tone (trading -1.1%) • Bankia receives Moody's downgrade, cut to B1 with negative outlook (trading -4.4%) • Liberty Global said unlikely to raise Kabel Deutschland bid after Vodafone (BB) (KD8 GY trading -0.07%) • Dentsu to raise as much as 120.1 billion Yen in public s

ames (within FTSE’s top 30) where post EU referendum realised vol was the highest relative to current 1y ATMf vol. The 10 names are: Barclays, Aviva, Prudential, BT, Glencore, Tesco, CRH, BA, Standard Chartered & HSBC. Hedge portfolios against a buy-the-dip failure should a faster rate cycle ultimately jeopa

RAL Bouygues BOUYF EN FP Frederic Boulan, CFA Deutsche Telekom DTEGY DTEGY US Frederic Boulan, CFA Deutsche Telekom DTEGF DTE GR Frederic Boulan, CFA Liberty Global LBTYA LBTYA US David Wright Orange Belgium MBSRF OBEL BB David Wright SFR Group SA NUMCF SFR FP Frederic Boulan, CFA Swisscom SWZCF SCMN VX Frederic