Hints and tips:
...The entrepreneur behind this is Charles Li — whose career has included stints as a New York-based lawyer at Davis Polk & Wardwell, president of Merrill Lynch China, chair of JPMorgan China and most recently...
...“Transformative M&A has arrived,” Jefferies analyst Dan Fannon wrote in a note....
...He was previously head of alternative investments distribution at Merrill Lynch....
...Jefferies Financial Group is slimming down....
...BofA has promoted Lindsay Hans and Eric Schimpf to replace Sieg as co-heads of Merrill Wealth Management. Linklaters has elected 41 new partners and 53 counsel....
...Jefferies has set aside $80mn to cover penalties from the investigation. “What can they impose that won’t make them go to trial?...
...Merrill Lynch financial adviser and managing director James Iannazzo has been fired after police arrested him for an alleged racially charged outburst at a Connecticut smoothie shop....
...Centerview Partners has hired three senior bankers from BofA Securities (formerly named Bank of America Merrill Lynch) as partners, based in Palo Alto: Jack MacDonald, Gary Kirkham and Steve Miller....
...It is in discussions with its banks — Merrill Lynch, Barclays, UBS and Jefferies — as to how much it could raise its offer for the business following an aggressive campaign to discredit its rival....
...Over the years, Merrill Lynch and Barclays were among the BlackRock shareholders that have liquidated their stakes under some duress. PNC’s move does not betray the same desperation....
...” at Merrill Lynch; Pearson raised to “buy” at UBS; Roche raised to “buy” at Merrill Lynch; Zurich Airport cut to “equal-weight” at Barclays....
...We expect limited forecast changes for now.”Jefferies ● Greggs led the FTSE 250 fallers after the bakery chain reported a moderation in sales growth and left full-year targets unchanged....
...Price rises in the US have not helped Remy, with LVMH and Diageo’s market-leading Hennessy cognac regaining share since fixing supply problems, said Merrill....
...“BT’s willingness to repurchase stock does not suggest a company that feels the current dividend outlay to be borderline unaffordable,” said Jefferies.”...
...Klépierre cut to “underperform” at Credit Suisse; MTU Aero cut to “sell” at Société Générale; NN rated new “equal-weight” at Morgan Stanley; Roche raised to “buy” at UBS; Sage cut to “underperform” at Merrill...
...Economists at Bank of America Merrill Lynch have some reservations about future ECB policy, namely: “The risk is a more average consensus and policymaking — we could move from proactive to reactive monetary...
...● Jefferies started coverage of InterContinental Hotels, Park Plaza owner PPHE and Accor with “buy” ratings....
...● In brief: Akzo Nobel rated new “sell” at Berenberg; Antofagasta cut to “sell” at Deutsche Bank; Aperam raised to “buy” at Merrill Lynch; Assura cut to “hold” at Panmure Gordon; BHP raised to “hold” at...
...cut to “neutral” at UBS; Shurgard Self Storage raised to “hold” at Société Générale; Siemens Gamesa rated new “buy” at Société Générale; Swiss Life cut to “underperform” at Merrill Lynch; Thales cut to...
...; Natixis cut to “neutral” at JPMorgan; Melrose rated new “buy” at Citigroup; Partners Group raised to “buy” at Merrill Lynch; RWE cut to “reduce” at HSBC; Recipharm rated new “hold” at Jefferies; Recordati...
...; Salzgitter cut to “underperform” at Jefferies; Tate & Lyle rated new “neutral” at Merrill Lynch; Voestalpine cut to “hold” at Jefferies....
...● Jefferies downgraded Ocado, the online grocery systems developer, to “underperform” from “hold” with a 600p target....
...The Helios listing is being co-ordinated by Bank of America Merrill Lynch, Jefferies and Standard Bank. If successful, it is expected to float in London as early as next month....
...Philippe Houchois, an analyst at Jefferies, said the fundraising felt “a bit like kicking the can down the road” but should provide the company with “needed breathing room to execute the DBX launch”....
...“neutral” at Merrill Lynch and JPMorgan; P2P Global Investments raised to “hold” at Jefferies; SMCP raised to “buy” at Jefferies; Schroders cut to “underweight” at Morgan Stanley; Solvay raised to “hold...
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