Hints and tips:
...Analysts at investment bank Jefferies said they expected a 20 per cent hit on earnings before interest, taxes, depreciation and amortisation....
...An average of three opinion polls collated by brokerage Jefferies projected that the BJP would win a majority in Rajasthan, finishing with 118 of 200 seats, while giving Congress a slight edge in Madhya...
...Additional contributions from Tee Zhuo and Benjamin Wilhelm...
...“Markets are setting up for a hawkish Fed tomorrow,” said Benjamin Jeffery, a US rates strategist at BMO Capital Markets....
...Analysts at Jefferies said the results were a “positive portent” for the months ahead....
...Yet the sector remains concentrated in relatively affluent urban pockets, with only 0.1 per cent of the country’s 12mn retail outlets “digitally enabled”, Jefferies said....
...Here’s the latest gambit of Jenny Johnson, the fourth Johnson to run a firm named as a homage to Benjamin Franklin: Franklin Templeton has agreed to buy rival Putnam Investments for more than $1bn as the...
...Berenberg’s research on Darktrace exceeds even Jefferies for bullishness, with analyst Benjamin May’s current share price target of 600p the second-highest in the City....
...The company, whose investors include Facebook and Google, has about 400mn subscribers and a 37 per cent market share, according to analysts at Jefferies....
...Benjamin Jeffery, an analyst at BMO Capital Markets, said the 2 per cent threshold was also “technically significant given the market’s fondness for round numbers”....
...Jefferies cut its valuation of Reliance’s energy business to $70bn from $80bn. It cited the missed opportunity given the recent rebound in oil prices to $80 a barrel....
...“Given the war in Europe, the terminal rate, two-year yields, fed funds futures are all pretty aggressively pricing out what was a very hawkish Fed assumption,” said Benjamin Jeffery, US rates strategist...
...“A solid set of results . . . although provisions were again the main driver of the beat,” said Benjie Creelan-Sandford, an analyst at Jefferies....
...Analysts at Jefferies have lowered their net profit estimates for Bandhan Bank until 2024....
...About 80m existing JioPhone users are expected to finish their contracts in the next two years, according to investment bank Jefferies, making them low-hanging fruit for deals enticing them to upgrade....
...Jefferies said it was a “critical investor concern” whether food delivery in India could be sustainably profitable in the long run, given that order values remain well below those in China or the US....
...Additional reporting by Benjamin Parkin in New Delhi...
...We tend to agree, then, with Benjamin Jeffery, rates strategist at BMO Capital Markets, who told our colleague Kate Duguid this about the big move in sovereign yields: The move in longer-dated rates is...
...Jefferies argued that “no such support is likely this time as the lockdowns are/would be local and not national”....
...Job moves KKR has appointed Kerryann Benjamin as its chief diversity officer and head of talent management....
...Benjamin Doller, a chairman at Sotheby’s New York, has collected about 50 pieces of British art pottery over the past 20 years....
...The stake sale will help in cutting Bharti Telecom’s Rs85bn ($1.1bn) debt, according to brokerage Jefferies....
...“There will be a cash drag,” adds Richard Taylor, head of Emea equity research at Jefferies....
...“The fact they are willing to telegraph this over quarter-end reduces the potential for funding market volatility like we have seen over this week,” said Benjamin Jeffery, an interest rate strategist at...
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