Hints and tips:
...at Jefferies....
...Jefferies again (from 2021): [Mondi + DS Smith] would create the European #1 containerboard & box producer with >€2.5bn pro-forma EBITDA....
...Companies that already process junked cars were well positioned to play a role in handling batteries, said Jefferies analyst Bret Jordan....
...“This is no longer a capital markets business in the same way that a Euronext or even a Deutsche Börse is,” says Tom Mills, analyst at Jefferies. “It’s significantly more skewed towards data.”...
...Jefferies Financial Group has hired Jon Gegenheimer, a technology M&A banker at Credit Suisse in San Francisco, according to a Reuters report confirmed by DD....
...“This is the new Adnoc and it’s much more aggressive and innovative than it ever used to be,” said Qamar Energy’s Robin Mills....
...Tom Mills, analyst at Jefferies, said fee-based revenue of £1.5bn beat expectations by 3 per cent....
...“This is a mixed blessing for asset managers because you’re going to see flows come out of other higher-margin asset classes to lower-margin fixed income,” said Tom Mills, who analyses the sector for Jefferies...
...StanChart, which declined to comment for this article, is no stranger to the M&A rumour mill....
...They will hope to socialise any transition costs, including writedowns for existing mills, via government financial support....
...But Mills at Jefferies warned: “The exposure of ESG funds to growth names is quite high.”...
...“Joint ventures between Chinese banks and western asset managers have been growing very quickly and are starting to get more lucrative,” said Tom Mills, an analyst at Jefferies....
...Banks and resources could fare better, and those are generally underweighted by ESG funds,” said Tom Mills, equity research analyst at Jefferies....
...“Lower production volumes from these companies should be positive for commodity prices as long as the global economy is OK,” said Christopher LaFemina, analyst at Jefferies....
...BP and TotalEnergies are the European oil producers with the highest exposure to Russia, according to investment bank Jefferies....
...Tom Mills, an analyst at Jefferies, said there were notable “bright spots” for new business in Abrdn’s adviser and personal investment arms, which together attracted net inflows of £2.5bn, and also for private...
...Tom Mills, an analyst at Jefferies, says: “Generally buoyant equity markets and pandemic-related cost savings have provided a significant crutch to asset managers’ earnings [since the] short, sharp market...
...Tom Mills, an analyst at Jefferies, sounded a note of caution for the early overseas movers into the world’s second-largest economy (take note: BlackRock, Goldman Sachs Asset Management, JPMorgan Asset Management...
...Today, wind creates the electricity to drive the mills, with plenty to spare. Nordex makes the turbines to do so....
...Unfortunately, this is not the first time the mills have appeared in the shop window. Thyssen suddenly walked away from negotiations with GFG late last year....
...Tom Mills, an analyst at Jefferies in London, said more timely data for 2021 indicated that new inflows from retail investors had “turned the corner” with an improvement in the first two months of this year...
...They produced some very average, run-of-the-mill stuff – vases with brown flowers on them – but also all these funny, horrible things: grotesque little men, jugs with faces on them, the Wally Birds.”...
...“The third quarter numbers demonstrate the robustness of Amundi’s business model,” said Tom Mills, an analyst at Jefferies....
...Profit margins at Chinese steel mills are coming under pressure — and not just from rising iron prices....
...“We expect production to continue to ramp up in 2021,” said Christopher LaFemina, analyst at Jefferies....
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