Hints and tips:
...James Grzinic, an analyst at Jefferies, said the results “confirm just how much stronger than the rest of its peer group” Inditex has become....
...Tom Simons, US economist at Jefferies, described the figures as “stunning numbers” that left him “near speechless”....
...Big share price moves in Europe today include Swedish fast-fashion retailer H&M, Dutch insurer NN, and British landlord Land Securities: H&M: The Swedish fast-fashion retailer gained 3.8 per cent after...
...retailer H&M, whose shares suffered earlier this month when it published weaker-than-expected sales figures....
...Veins bulge on the brow of the man’s bald head. His fingers lie gnarled in his lap like some kind of woody growth....
...That has certainly been the case for retailing behemoth H&M, which discloses third-quarter figures on Wednesday....
...H&M and Zara were the first fast-fashion retailers, selling trend-led clothing at affordable prices....
...Here is the breakdown of the last few weeks of data via Ken Usdin at Jefferies. The net decline over the two facilities this week is about $11.4bn....
...Jefferies has named Philippe Drouin as its Emea head of consumer food and beverage. He was previously UBS chair of global consumer and retail....
...“I think it won’t be rubber stamping [Elon’s wishes] any more,” said Philippe Houchois, auto analyst at Jefferies....
...We can confirm that Microsoft is involved — LSEG’s head of capital markets Murray Roos told mainFT in world exclusive, previously-unreported comments (h/t Laura Noonan): We’ve been investigating some of...
...For instance, Aneta Markowska at Jefferies said she was now slightly less confident in her base case that the Fed would follow though with a final quarter-point increase in May....
...collapse and subsequent purchase by HSBC of Silicon Valley Bank UK UK, British Retail Consortium Shop Price Index US, Conference Board March Consumer Confidence Index Results: AG Barr FY, Bellway H1, Jefferies...
...The stock market rally ignited by scrapping the prospect of a larger rate rise undid some of the “good work” the Fed had accomplished in recent months, said Aneta Markowska, chief financial economist at Jefferies...
...H/T Dan McCrum.)...
...Boohoo’s house broke Jefferies is forecasting relatively modest revenue growth of 11.6 per cent even for the year to February 2024....
...The yield on the seven-year note was its highest since February 2020 going into the auction, which bolstered demand, said Tom Simons, an economist at Jefferies....
...Aneta Markowska at Jefferies speculated whether the Fed would drop “transitory” altogether....
...Zooplus, despite sitting on €130m of net cash, has more than halved marketing spend to 1.5 per cent of revenues last year, notes Jefferies, a fraction of Chewy’s....
...Chinese consumers accounted for roughly 40 per cent of the €281bn spent on luxury goods in the year before the pandemic, but drove 80 per cent of the growth, according to Jefferies....
...“At some point, they will have to acknowledge [the looming fiscal support] and incorporate it in their forecasts,” said Aneta Markowska, chief financial economist at Jefferies....
...David Kerstens, an analyst at Jefferies, estimates that container shipping companies will earn more money in the first three months of 2021 than all of last year....
...“This is the very least we can do,” Jefferies’ chief executive Rich Handler wrote in an email to employees. Not everyone agrees....
...On this basis, we retain a -20% H&M 3Q20E sales decline. From a gross margin perspective, our recent web-scrape data suggests the H&M average price discount in Germany has increased c.600bp yoy....
...“It will underscore that things are getting better but we are still miles away from full employment and price stability,” said Aneta Markowska, chief economist at Jefferies....
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