Corporate Action/New Term, New Rules

- Pan-European — Corporate Action
Cracking quarter — "Almost 50% of European companies have beat our analysts’ expectations. This is the best quarter since we started tracking results in 2002."
De-equitisation — "Corporate bond and FCF yields have crossed. Debt cheaper than equity funding. This should provide fuel for M&A and share buybacks."
- UK — New Term, New Rules
Small/mid-cap view — "We feature an excerpt from our UK Small- and Mid-Cap team’s September Review highlighting their key themes."
Key themes — "UK economic uncertainty, defensive growth expected to outperform. Other 2H10 themes: M&A and EM earnings growth."


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