Hints and tips:
...“The market understands there is a war for talent and the increasing role of the recruitment industry long-term, but this is a very cyclical industry,” points out Kean Marden, analyst at Jefferies....
...Financial markets closed UK: monthly KPMG and REC Jobs Report US: monthly consumer credit data Results: Jefferies Q4 Tuesday World Bank’s Global Economic Prospects report is published EU: November...
...Analysts at Jefferies said the deal seemed “inexpensive” and a “good use of capital”. Man Group is the world’s largest listed hedge fund group with $145bn in AUM....
...“Should Covid-19 continue to impact [Haidilao’s] Greater China operation and overseas markets need further expansion, we believe both entities might need new capital in the future,” analysts at Jefferies...
...“He loves to travel [from] place to place to all the factory floors and be in engineering meetings,” said Walter Isaacson, who is writing a biography of the entrepreneur....
...One of the most advanced candidates has been developed by scientists at the US military’s Walter Reed Army Institute of Research....
...Jefferies has appointed Philip Yates as vice-chair of its UK investment banking unit....
...One creative refresh that is quietly beginning to bear fruit is Walter Chiapponi’s at Tod’s....
...From first Fulham then Southall, Robert, Walter, Charles and Edwin Martin created individual stoneware while weaving an intriguing tale of creative genius and sibling rivalry....
...Primary dealers — the club of big banks that underwrite US bond sales — were forced to pick up nearly 40 per cent of the sale, the highest share in seven years, according to Jefferies....
...He joins from Jefferies where he headed consumer and retail investment banking in Europe....
...The combined group’s annual revenues are roughly $11bn, and its adjusted earnings about $5.3bn, according to Jefferies....
...● Hays rallied after the recruitment group said fee income had held steady last quarter, which was better than analysts had expected following profit warnings from sector peers PageGroup and Robert Walters...
...In a recent memo sent to employees and seen by the FT, directors wrote that Mr Walter “had the full and unequivocal support of the entire board”....
...“The view on the outlook for 2018 is very positive,” said Kean Marden of Jefferies, highlighting significant investment in headcount by the firms over the course of 2017....
...“The problem I see with the deal is that many existing investors do not want an illiquid stock or cannot by charter own one,” said Walter Price, a portfolio manager at Allianz Global Investors who holds...
...Court, who was promoted to head of global institutional distribution in April 2016, was at the heart of allegations of favouritism at Guggenheim due to her close personal relationship with founder Mark Walter...
...“For Page and Hays, the UK was in line with expectations — but it does feel a little febrile,” said Kean Marden, an analyst at Jefferies....
...Analysts at Jefferies said that Hays’s UK division had “demonstrated admirably proactive cost discipline over the past few years”....
...In March, the UK’s Financial Conduct Authority fined a Jefferies banker £37,198 for sharing confidential information on WhatsApp — the first action of its kind....
...“Sentiment is a big issue,” said Kean Marden, an analyst at Jefferies. “Nervous candidates do not want to move jobs, and nervous corporates do not want to replace jobs. The UK is impacted by that.”...
...second quarter this year compared with the first last year, providing a boost of up to two percentage points to profits because of the greater number of working days, according to Kean Marden, an analyst at Jefferies...
...Recruiters reporting this week were “unusually polarised” in their outlook, according to Kean Marden, an equity analyst at Jefferies....
...Those groups are “the most concerned” with reputational risk, according to Jefferies analysts led by Daniel Fannon....
...Broker Jefferies forecasts adjusted pre-tax profits of £2.54bn, giving earnings per share of 6.19p....
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