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...“There have been numerous data points over the past two months that support [a] more favourable outlook for 2024” for IPOs, said Jesse Mark, global head of equity capital markets at investment bank 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...
...Greggs hasn’t lost many of its loyal customers during the Covid-19 lockdowns....
...There was no update on whether Greggs intends to repay state aid including business rates relief....
...Jefferies has appointed Philip Yates as vice-chair of its UK investment banking unit....
...And one invitation to start: Join us for our first Due Diligence: Dialogues event next week as DD’s James Fontanella-Khan and special guest Gregg Lemkau discuss the Goldman Sachs veteran’s move from the...
...As a result of the pandemic, it will now end the year with closer to 2,050 but analysts at Jefferies said that the resumption of store openings was “a helpful restart to the rollout programme that represents...
...“This is the very least we can do,” Jefferies’ chief executive Rich Handler wrote in an email to employees. Not everyone agrees....
...The industry’s seemingly unstoppable momentum was capped with the news that Goldman Sachs’ top investment banker, Gregg Lemkau, was leaving to help run part of billionaire Michael Dell’s massive investment...
...Here’s Jefferies to summarise what’s happening: We can’t see an H1 consensus for GNC so are assessing relative to JEFe. H1 pro-forma sales growth was 0.1% (JEFe -1.0%)....
...We expect limited forecast changes for now.”Jefferies ● Greggs led the FTSE 250 fallers after the bakery chain reported a moderation in sales growth and left full-year targets unchanged....
...● UBS upgraded Greggs, the bakery operator, from “neutral” to “buy” with a £23 target....
...“There will be a cash drag,” adds Richard Taylor, head of Emea equity research at Jefferies....
...And, as lockdown measures are softened, the return of the likes of Gregg's, Starbucks et al to the UK FtG market will increase competition....
...It said that at an enterprise value of more than 23 times Greggs’ 2018 operating profit, “the market is entering new territory for valuing this stock....
...There’s a liveblog on Ghosn over here and some write-ups of Sainsbury and Greggs updates, which both look much as expected....
...News of robust trading settled concerns of a structural slowdown that followed Greggs’ weaker than expected performance around Easter....
...“We believe Avast is likely to dispose of its entire stake in Jumpshot in the future,” says Jefferies. So ... maybe it’s Ascential’s problem....
...Gregg Alton, a senior Gilead executive, will serve as interim chief executive until Mr O’Day starts his new job in March....
...Bakery chain Greggs climbed after reporting a 1.5 per cent improvement in like-for-like sales for the first half, in spite of extreme weather....
...Wednesday 14:00 BST Here’s what’s happening Greggs was headed for its sharpest ever fall after a profit warning....
...The warning from Greggs in the UK — the purveyor of cut-price hot snacks that has been viewed by some analysts as practically recession proof — is only the latest in a relentless series of downbeat reports...
...cut to “hold” at Berenberg; Hostelworld cut to “hold” at Investec; ING cut to “neutral” at Natixis; Nokian Renkaat upgraded to “hold” at Jefferies; Peab raised to “buy” at Kepler Cheuvreux; Sacyr upgraded...
...Greggs slid 8.9 per cent to 402.3p after its interim earnings missed already lowered expectations....
...Gordon Jefferys, the director of estate agency Engel & Völkers’ Eastern Free State operations, bought the licence for the region last year....
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