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...“I don’t think you’d ever know that it was him behind Litquidity, even if you met him or he told you point blank,” said friend Waylon Chin, whose $1,000 beige Loro Piana loafers Medina skewered this summer...
...Jefferies analyst David Hayes, who estimated the total liability at between $2.5 and $7.5bn, argued that Reckitt should seek settlement soon....
...But analysts at Jefferies said that worries about the company’s “R&D productivity will take time to lift”, pointing to a lack of significant trial results expected in 2024 and growth tailing off for the...
...“Whenever people left they’d try to get Hank’s folder to take wherever they were going.” “You could tell he was on to something even before he started the account....
...The IEA predicts oil demand will grow by 1.2mn b/d, about half the pace of 2023, while Opec believes demand growth will be higher at 2.2mn b/d....
...Being big also means that necessary investments, in new models and R&D, are less of a drag. Capex and R&D will come in at less than 7 per cent of sales, says Philippe Houchois at Jefferies....
...Here’s a chart from Jefferies that shows the reported private equity performance of the biggest US firms, relative to what public markets have done (zoomable version)....
...A spin-off of its consumer care division has been raised for next year, which analysts at Jefferies estimate could be worth between €18bn and €20bn....
...R&D costs easily run into the hundreds of millions of euros....
...If successful — a one-in-five chance — it could have $10bn peak sales, forecasts Jefferies....
...Six of these will produce more than 700,000 boe/d each — more than some Opec member countries....
...Six companies will each produce more than 700,000 boe/d — more than some Opec member countries....
...You’d find it difficult to parse all those ingredients on the plate, but the combination draws you in like an enigma you want to solve....
...This time round, the opera is sung in a genial, rhyming English translation by Kelley Rourke, but only Darren Jeffery’s Father and the ebullient Witch of Rosie Aldridge (the role is no longer presented as...
...Analysts at Jefferies said Wetherspoons’ competitive prices would appeal to consumers as the cost of living crisis continues to bite....
...“Were it not for the strike impact, payrolls would have been closer to 170k, but you’d also have to boost last month’s 150k up to around 180k as well,” said Thomas Simons, US economist at Jefferies....
...“I’d have thought we’d be done derating after a few months but I was really surprised by the size of the cuts to exposure in August,” said a portfolio manager at one US investment group, who expressed doubts...
...Smart reads London Underground After Zac Brettler plummeted into the Thames his grieving parents found that he’d been posing as an oligarch’s son....
...I think it was effective and I’d do it again.”...
...Along with many others, I thought we’d be mired in a recession with stocks getting a good beating. How wrong we were....
...Jefferies last week noted that London vacancies are at a 30-year high, putting pressure on rents....
...“I’d love to go, but I want to be able to write [music] and I only have so much time and only so much energy to do it.”...
...“I don’t think you’d ever know that it was him behind Litquidity, even if you met him or he told you point blank....
...“You’d have thought that 2024 to 2025 is when [sales] would start to struggle,” she added. “It’s really concerning it has had early signs in 2023.”...
...Two years ago, you’d only get a 4 per cent average yield from US junk bonds — today you can get more than that in Treasury bills. The implications for asset allocators is huge....
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