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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
CONSUMER STAPLES
Philip Morris (A2 S, A- S, A Neg) re-affirms FY24 guidance from earnings 2 weeks ago. Presentation (CAGNY conference) is at 3pm London which may touch/rehash leverage targets; guidance at earnings was 0.3*-0.5* of deleveraging this yr (from 3*) & long-term target of 2* by '26. PM equities unch in pre-market. As an aside, little change/signs of reversal in BAT's (Baa2 Pos, BBB+) compression against PM (another 10bps since we flagged it looked tight) - still a € specific BAT rally/bullishness.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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