Hints and tips:
...Analyst Andrew Wade at Jefferies welcomed the news: “Fundamentally, we think the deal offers substantial long-term upside for Warhammer to build its global brand exposure.”...
...Jefferies analysts said the results were a “positive surprise”, adding that inflows were stronger than for competitors. But they added that the company’s costs were higher than they had expected....
...But investors have long memories, argues Jefferies analyst Mark Wilson....
...When I first came to Hong Kong in 1987 to find a job, pundits were already tolling the bell for its demise....
...Companies: Frozen potato processor Lamb Weston and consumer packaged foods company Conagra Brands will report earnings results before the bell....
...Julian Roberts, an analyst at Jefferies, says: “The new chief executive has the chance to persuade the market . . . to change our minds about the feasibility of their new strategy.”...
...Shell is London’s most valuable listed company and its potential exit would set off alarm bells in the UK....
...“Markets are setting up for a hawkish Fed tomorrow,” said Benjamin Jeffery, a US rates strategist at BMO Capital Markets....
...JPMorgan: Oral arguments begin today on Jes Staley’s effort to dismiss his former employer JPMorgan’s lawsuit over the banker’s relationship with Jeffery Epstein while he worked at the company....
...Arnold Schwarzenegger (as it might be) would turn up in Tokyo, pose in a supermarket with grapes and bell peppers and order Japan to eat more American produce....
...“Today’s data raises odds of more stimulus measures from China over the coming weeks,” said Mohit Kumar, chief Europe financial economist at Jefferies....
...Walmart shares were up 2.1 per cent shortly after Wall Street’s opening bell on Thursday....
...10 per cent to the top of the FTSE 250 index after analysts at Jefferies published a positive note on the stock....
...Unilever has delivered volume and product mix growth of 1.8 per cent a year on average since 2003, compared with Nestlé’s 3 per cent, according to analysis by Jefferies....
...Otherwise, it could start triggering new alarm bells that the Fed will need to squeeze the economy more aggressively than expected....
...Mike Prew at Jefferies said: “The price of steel is going to be the thing that hurts you, and the recent depreciation of sterling is going to exacerbate that....
...Analysts at investment bank Jefferies estimate that close to 10 per cent of Europe’s crude steel capacity has been idled in recent months....
...By the closing bell in London, shares in the British Airways owner IAG were almost 5 per cent higher and the package holiday provider Tui was up 6 per cent....
...The only UK fund to make AJ Bell’s top 10 was Jupiter UK Special Situations — its top holdings include Aviva, Nat West and B&Q owner Kingfisher....
...AJ Bell said its customer count grew 6 per cent last quarter to 368,033 and was up 30 per cent over the past year....
...The technology heavy Nasdaq, meanwhile, had lost 0.5 per cent by the time the closing bell rang, dragged down by declines in some of Wall Street’s high-flying tech companies....
...Jefferies analyst Martin Deboo welcomed the decision to split the chairman and CEO roles, but said Faber’s presence as chairman could “constrain the latitude” of what a new chief executive could do....
...Founded in the 1930s as the Citizens Utility Company in Minneapolis, Frontier started rolling up smaller residential players and other ‘Baby Bells’ in the 1990s as part of an expansion drive....
...Shares in Tesla, which had sustained steep losses in recent sessions, were among the biggest winners, up 20 per cent by the closing bell....
...Job moves Simpson Thacher & Bartlett has hired Martin Bell as a partner based in its New York litigation department....
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