Hints and tips:
...Miller joins from Morgan Stanley, while Richard was previously at RBC....
...Both teams made the playoffs last year — but are yet to win the Stanley Cup, hockey’s biggest prize, this century. Further information and tickets here and here....
...Dutch brewer Heineken reported that demand in its important regions in the Americas and Europe was better than expected in the first quarter....
...For now, Wall Street’s biggest lenders, including JPMorgan, Bank of America, Morgan Stanley, and Citigroup, have sat back and generally been the winners of the banking crisis....
...Back to basics The widening valuation gap between Goldman Sachs and Morgan Stanley is showing no signs of letting up....
...Morgan Stanley sees opportunities for bargains, while Goldman Sachs has doubts about a possible recovery....
...Here’s the rest of the day’s news — Gordon The latest from the war in Ukraine Business: Anheuser-Busch InBev, the brewer of Budweiser and Stella Artois, is in discussions to sell its stake in a Russian...
...Carlsberg has a larger business in Russia than any other western brewer, accounting for 9 per cent of its revenue and 5 per cent of its profits....
...Morgan Stanley predicts that revenues from satellite launches will double to $10bn between 2021 and 2030, while Northern Sky Research forecasts that the space tourism market will more than triple to over...
...The brewer is based in South Africa, from which global capital has been in progressive retreat for years....
...“With Covid accelerating the consumerism and digitisation of healthcare, bringing an outsider perspective may be refreshing in an industry that has traditionally been slow to change,” Morgan Stanley analysts...
...He has worked on transactions including brewer SABMiller’s $108bn takeover by Anheuser-Busch InBev in 2016 and miner Xstrata’s merger with Glencore in 2012....
...The exchange is being advised by Goldman Sachs, Morgan Stanley, Robey Warshaw, Barclays and RBC Capital Markets, and lawyers led by Freshfields Bruckhaus Deringer....
...Grit in the oyster At the start of the week, both Goldman Sachs and Morgan Stanley forecast oil prices to hit $70 before October — a value not seen since September 2018....
...Stanley Boots, founder of Vietnam’s 7 Bridges Brewing Company, told Nikkei in December....
...If the economy bounces back and we have a V shaped recovery, as Morgan Stanley has suggested, oil demand will return without the necessary and corresponding investment in production....
...To get to Stanley and Stella’s you went through the same triad. As Blanche was told, you take the Streetcar named Desire, transfer at Cemeteries and get off at Elysian Fields....
...He spent the past seven years as vice-chairman of global capital markets at Morgan Stanley, and before that, held senior roles at JPMorgan Chase and UBS....
...However, it does not surpass the gobsmacking $2bn in fees and taxes linked to Anheuser-Busch InBev’s $120bn takeover of the brewer SABMiller in 2016....
...Car manufacturer Ford borrowed $15.4bn and announced it would shut down factories to preserve cash; brewer Anheuser-Busch InBev raised $9bn as taps stopped flowing; and TJ Maxx-owner TJX and Kohl’s each...
...Anheuser-Busch InBev, the world’s largest brewer by volume, is among them. It pulled its entire $9bn loan facility last week to secure some flexibility in the weeks ahead....
...In comparison, China’s biggest brewer CR Beer trades at 38 times 2020 earnings....
...The co-sponsors of the listing, which AB InBev said would depend on “a number of factors and prevailing market conditions”, are JPMorgan Chase and Morgan Stanley....
...Brewer Anheuser-Busch InBev is a prominent example of take-no-prisoners integrators while companies like US technology group Cisco are more inclined to maintain the identity of the acquired businesses....
...Bristol and Celgene both ranked among the top corporate fee payers to investment banks last year, forking over more than $500m to their advisers, including Morgan Stanley and JPMorgan Chase....
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