Fly Charts: Gadfly Deal Grades and Utility Self-Gifting
Good morning! This is Fly Charts, the daily charts-only newsletter from Gadfly; sign up here. From electric-car hiccups to Steinhoff's long road down, here are four charts that tell you what you need to know in business today.
And don't miss Chris Bryant on why Elon Musk can be a bad role model: "For utility investors, boring is beautiful. Dividends tend to be the priority, while visionary cash-consuming projects are best left to Silicon Valley. Peter Terium's removal as chief executive of German utility Innogy SE seems to have been prompted by his breaching this golden rule. But rather than ending the unwanted drama, his departure could prompt more of it -- by putting the company in play."
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