Hints and tips:
...Analysts at Jefferies increased their 2024 cash profit estimates on the back of the full-year figures, judging CRH’s own 2024 forecasts to be “conservative”....
...Jefferies analyst Mark Wilson suggested UK investors were more cautious than those invested on the Tel Aviv Stock Exchange....
...The FTSE 100 housebuilder is a shrewd operator even when the market is sluggish, writes Mitchell Labiak....
...And if we had a leaner organisation we can do more,” said Jefferies analyst Brent Thill. “The lay-offs are going to continue and it may get worse. It’s become contagious.”...
...Mitchells & Butlers, the UK’s largest listed pub group, has warned that a sharp increase in utility bills could severely hamper its recovery as it reported a return to profit for the first time since the...
...“With the equity worth doubled relative to a year ago, the investment debate has radically changed at M&S,” said Jefferies analyst James Grzinic....
...Despite pent-up demand to visit pubs, Wetherspoon said that like-for-like sales during August and September were 8.7 per cent below the same period in 2019, in contrast to rival pub groups such as Mitchells...
...August and September sales at UK pub chain Mitchells & Butlers are ahead of the same period two years ago, as are seated diner numbers in Germany and Ireland, says reservations site OpenTable....
...Jefferies has hired Thomas Blackmore as head of FIG debt capital markets for Europe, the Middle East and Africa....
...Jefferies’ James Wheatcroft talks of a “material market share opportunity for well-capitalised survivors”. Their thesis depends on a coming shakeout....
...When they reopen, pubs and restaurants could see a boom because of the Joni Mitchell effect: you don’t know what you’ve got till it’s gone....
...Jefferies analyst Philip Kett said the divi was “surprisingly high, as it implies an 80 per cent underlying cash remittance payout from the core of the group.”...
...Jefferies’ Ken Rumph reckons the company could be worth $6bn....
...The FT’s Tom Mitchell writes that President Xi Jinping faces plenty of scrutiny over the handling of the pandemic, while China faces daunting economic and financial challenges....
...A Jefferies note in mid February set out the case more fully, when BTC/USD was about $10,214....
...And Jefferies to do the conference call....
...Perhaps when all this money arrives the United States can be paved from coast to coast, as Joni Mitchell foretold. UK corporate wise, there’s not much....
...; GN cut to “underperform” at Jefferies; Lanxess cut to “neutral” at Citigroup; Mitchells & Butlers cut to “add” at Peel Hunt; Motor Oil raised to “buy” at UBS; RSA cut to “sell” at Investec; Repsol raised...
...Bolt-on mergers and acquisitions have been key both for Wood and for Amec Foster Wheeler, the peer it bought in 2017, Jefferies said....
...“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....
...Jeffery Norton has rejoined O'Melveny & Myers in the corporate finance practice in New York from Dechert where he was a partner....
...; Judges Scientific rated new “buy” at Liberum; Luceco raised to “buy” at Peel Hunt; Mitchells & Butlers raised to “overweight” at Morgan Stanley; Moncler raised to “buy” at HSBC; Nestlé cut to “hold” at...
...Sellside stories ● Berenberg upgraded pub operator Mitchells & Butlers to “buy” with a 360p price target....
...Jefferies is not impressed: Press leaks of the COVID-19 response suggested a fee cut could finally have been realised....
...“It’s something we are naturally very excited about, it’s something we’re looking into, but it will take a few years to fully materialise,” said James Mitchell, Tencent’s chief strategy officer....
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