Hints and tips:
...Jefferies and UBS declined to comment....
...Though smaller dealers remained independent (eg, Jefferies, Cantor Fitzgerald), for the first time in modern financial history the majority of dealer activity was performed within BHCs....
...National Grid has hired Shell’s former head of mergers and acquisitions Katie Jackson as president of its low-carbon and renewables ventures business....
...Barclays is struggling to stem an exodus from its investment bank including managing directors Michael Gingue and Sam Jackson, who are moving to Jefferies, and Derek Keller, who is joining UBS, people familiar...
...A record $57bn worth of fund stakes changed hands in the first half of 2022, according to Jefferies....
...The new SEP just put into words the bluntly and emphatically hawkish message from chair Jay Powell in, for example, his Jackson Hole speech a month ago....
...Jackson defended the business from accusations that it was merely trying to improve its image....
...Jackson for every 40 Prudential shares held....
...We believe the hurdle is roughly 750,000 [jobs added], which should be cleared fairly easily,” wrote analysts at Jefferies....
...The net effect, according to analysts at Jefferies, could be a 5 per cent fall in revenues this year....
...The sharp rise was a “clear indication that demand for labour is still strong and the biggest obstacle for continued job growth is the pool of available workers”, said Thomas Simons at Jefferies....
...Philip Kett, analyst at Jefferies, said he saw the demerger announcement as “a material positive”....
...Mr Englander added that investors would look ahead to the upcoming Jackson Hole Economic Symposium, typically a platform for significant policy announcements, and the Fed’s September meeting for further...
...“If it was easy to split off the US, they would have done that instead of M&G,” said Philip Kett, an analyst at Jefferies....
...And Jefferies: We are bulls of the US online gambling market. We see $19bn net revenue from sports betting in the USA by 2023, equivalent to a $5bn EBITDA opportunity....
...“We suspect that US cash flows are more critical than may at first appear, providing cash flow to reinvest in Asia via bancassurance transactions,” argues Jefferies....
...Jefferies is less keen: We appear to be the lone voice of dissent....
...Buildings associated with supporters of slavery have been renamed at Yale and Georgetown; Amherst College has dropped Lord Jeffery Amherst as its mascot because the colonial-era commander was an advocate...
...Philip Kett, analyst at Jefferies, says M&G’s international growth could follow the example set by its rapid expansion into continental Europe....
...There has been a “very significant decline in longer-term capital flows into the UK”, says David Owen, chief European economist at Jefferies, the New York-based investment bank....
...“2019 is a year of huge change for corporate governance in Japan,” said Zuhair Khan, a strategist at Jefferies who closely follows the issue....
...David Owen, managing director and chief European economist, Jefferies A lot....
...Ian Hilliker, an analyst at Jefferies, said the judge’s decision not to order a retrial in the California case was “disappointing for Bayer”....
...The court found that Monsanto had failed to warn Dewayne Johnson and other consumers of the cancer risks posed by its weedkillers. Monsanto has said it plans to appeal that ruling....
...Pru has said that Jackson will require additional investment (presumably to acquire bolt-ons to diversify the business away from variable annuities) and that third parties are best placed to provide that...
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