Hints and tips:
...Aston Martin has yet to catch Lamborghini in units while the former’s cars do not cost enough to offset lower volumes, points out Philippe Houchois at Jefferies....
...Jon Palmer and Nick Kraemer write that leveraged loans — bank loans to indebted firms — will start defaulting more often later this year, but at a historically modest rate....
...Analyst Philippe Houchois at Jefferies said the group achieved a “better volume than generalist peers so far in the season”....
...“Covid was actually one of the best helps the industry has had in years, because it forced them to be disciplined,” says Philippe Houchois, an automotive analyst at Jefferies....
...Mr Palmer said the company had not yet finished destocking its retailers....
...Clown car maker Aston Martin has confirmed it has replaced CEO Andy Palmer with Tobias Moers, who’s been head of Mercedes’ AMG division since 2013....
...“This is intended to substantially and materially banish any thoughts that somehow we don’t have the money to get to DBX,” Andy Palmer, chief executive, said on Wednesday....
...Aston Martin Lagonda’s chief executive Andy Palmer makes much of the fact that the company’s new SUV did as well in real-life crash tests as in computer simulations....
...Adjusting to strip out £110m in costs resulting from the administration of UK distributor Palmer and Harvey, operating profit at constant currency rose 2.9 per cent to £3.8bn....
...There has also been some disappointment about opacity expressed by analysts at Jefferies regarding the company’s decision to reduce the detail provided on its cost-of-sales breakdown....
...“If there are four or five people who were hoping to get it, there is definitely a risk of management turmoil afterwards,” said Philippe Houchois, an analyst at Jefferies....
...Mr Manley was picked over several other strong contenders, including chief financial officer Richard Palmer and Europe boss Alfredo Altavilla....
...Andy Barish, an analyst with Jefferies, raised his price target from $300 to $350, explaining that “we believe turn is in early stages with new CEO Brian Niccol’s strategies . . . possibly helping later...
...The strongest internal FCA candidates are chief financial officer Richard Palmer and Jeep boss Mike Manley, who are both British, according to multiple headhunters in the car industry....
...Jefferies analyst John Hecht agreed, noting that net charge-offs of 8.2 per cent during the period were lower than the bank’s forecast of 8.6 per cent....
...John Hecht, analyst at Jefferies, said that Tuesday’s share-price reactions were amplified by general jitters over Brexit....
...Sam Cullen, analyst at Jefferies, says: “Even if the others aren’t seeing the slowdown immediately, the risk that they will do in future has clearly increased....
...“It would require a change in the thinking of those who use Venmo,” says Mark Palmer, analyst at BTIG. “Thus far Venmo has been all about settling up with friends....
...— Maija Palmer (@maijapalmer) June 24, 2014 Okta UK, an identity management system, had some stats of their own: ....
...That deal, part-financed by New York investment bank Jefferies, signalled what he describes as a comeback after two years out of the business....
...Potential buyers could include Samsung, Huawei or even Apple, said Lee Simpson, semiconductor analyst at Jefferies....
...In spite of its problems, Milan Radia, a software analyst at Jefferies, said that 3i had a relatively good record in managing small scale-software companies such as Civica and was likely to have added to...
...says Milan Radia, analyst at Jefferies. Cisco has predicted that internet traffic will quadruple over the next four years, so the demand for data is unlikely to wane any time soon....
...company you have to take a longer term view on what the company could be worth and have conviction about it,” said Dominic Lester, head of European TMT and Joint Head of European investment banking at Jefferies...
...Intel have got their shot in and now it is all eyes on TSMC and Samsung,” said Lee Simpson, semiconductor analyst at Jefferies....
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