⁠Librarian Capital
RT @nytimes: Barbara Bush, whose father and grandfather were the last two Republican presidents before Donald Trump, said she was backing his opponent, Vice President Kamala Harris. https://t.co/u9N2YL5lJd https://t.co/OY7tCORwZc
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⁠Librarian Capital
$OTIS 24Q3 results (Non-GAAP)

Q3 EBIT +1.3% ex-FX, +0.7% in $
Net Income -2.5%, EPS +1.1%

Service sales +7.7% organic
Maintenance units +4.2%
EBIT +7% (+$37m)

NE sales -8.2% organic
Orders -3% ex-FX, incl. >20% decline in China
EBIT -19% (-$20m)

YTD EBIT +4.1%, EPS +8.2% https://t.co/ht50GeagSp
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⁠Librarian Capital
Estée Lauder names Stéphane de La Faverie as CEO

Effective 1-Jan; at $EL since 2011
"I am grateful to Fabrizio for his strategic guidance"

William Lauder (63) moves from executive chair to chair
"Our family’s long-standing day-to-day mgmt. of (EL) is evolving"

Shares -52% L5Y https://t.co/dUH33FCACh
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⁠Librarian Capital
RT @mattyglesias: Musk’s closing message — you’ll be worse off with Trump! https://t.co/9PNAPyjFVu
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⁠Librarian Capital
FT: "UK tax burden is historically high"

Social Security spending as % of GDP has more than doubled from 4.7% the 1950s to 11.3% (IFS)

https://t.co/xVTuIk4rRw https://t.co/QfSOwtqXeh
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⁠Librarian Capital
UK Tobacco Duty to rise at Retail Price Inflation +2%

Flat duty on all vaping liquid products from Oct-26 “alongside an additional one off increase in tobacco duty to maintain the incentive to give up smoking”.

$IMB $BATS $BTI $PM https://t.co/9QXTqUe8zg
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⁠Librarian Capital
UK Capitals Gain Tax rises from 20% to 24% (higher rate)

Another cost for retail "value" investors, which pay taxes every time they realise gains buy a new "cheap" stock

Unrealized capital gains are a form of float too https://t.co/jDAKObAKOE
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