Hints and tips:
...Aspen, Apollo, Goldman, Citi and Jefferies declined to comment. Industry title Insurance Insider previously reported Aspen was planning a US IPO....
...Jefferies puts these at £350mn annually or some 4 per cent of DS Smith’s sales....
...Analysts at Jefferies have previously estimated that an offer in the 270p to 300p per share range would have “a higher likelihood of being accepted . . . and would be more in line with recent M&A valuations...
...Led by pension funds and endowments, big investors sold 99 per cent of their private equity holdings at or below their net asset value on the secondary market last year, according to Jefferies, the most...
...Jefferies again (from 2021): [Mondi + DS Smith] would create the European #1 containerboard & box producer with >€2.5bn pro-forma EBITDA....
...Analysts at Jefferies said the potential tie-up “makes sense”, arguing that Ageas and Direct Line’s combined share of the UK insurance market would be likely to provide cost savings but without worrying...
...annual compound growth in earnings per share of 6-8 per cent, higher than a previous 3-7 per cent range and above the average growth of closer to 4 per cent expected by some analysts, including those at Jefferies...
...Jefferies portrays the group as “caught between a bulk and a buyback”....
...“Overall, the theme is that the consumer has been resilient but we are starting to see a little bit of stretching,” said Corey Tarlowe, an analyst at Jefferies....
...In a July note, analysts at Jefferies noted that private medical insurance is already expensive at about £1,500 per year per person, and prices typically rise 15 to 20 per cent a year....
...InfraBuild is now looking to raise a new $350mn bond, with bankers at Jefferies indicating the new debt could offer yields as high as 15 per cent, according to several people involved in the deal....
...Average hourly wages rose 0.2 per cent month on month, matching the increase reported in August but coming in below expectations of 0.3 per cent growth — figures that Thomas Simons at Jefferies said showed...
...Jefferies said the top-line growth was “impressive”, and Just should “quite easily achieve” its full-year guidance of 15 per cent growth in underlying operating profit....
...“I’m pretty comfortable saying that the worst of the rout is likely behind us,” said Christopher Jeffery, head of rates and inflation strategy at Legal and General Investment Management....
...Matthew Hose, an analyst at Jefferies, reckons that renewable energy infrastructure trusts benefited from sustainable flows in previous years, with new equity issuances around the time of the pandemic, but...
...But, as Robert Smith and Will Louch explore in this profile, it was his early career as a lawyer in Australian rugby league that provided the blueprint for the Barings raid, which has given Weightman a whole...
...While the investor meetings — which continue in London this week — are not a formal bond roadshow, the company and its bankers at Jefferies have been informally sounding out investors on a potential bond...
...Jefferies analysts said the premium growth and accompanying commentary were positive, but the adverse claims development and largely unchanged solvency ratio were “likely to disappoint”....
...Jefferies vice-chair of equity capital markets and head of west coast TMT investment banking Cully Davis is leaving the firm as soon as this summer, Bloomberg reports....
...Companies on the benchmark Topix index have a median of 11 equity holdings, according to Jefferies, down from 15 a decade ago....
...“There have been reports of double-digit fare discounts advertised across airlines, which points to continued declines in airfares,” said Jefferies analyst Sheila Kahyaoglu....
...Thomas Simons, senior economist at Jefferies, said Fed officials “have to be alarmed that there hasn’t been any material slowing here”....
...Analysts at Jefferies said the results showed Admiral was “not immune to motor insurance headwinds” both in its international business and in the UK....
...Jefferies is one of the financial groups who expressed an interest in buying some of the deposits....
...“The CMA needs to tread a very careful line here between seeming reasonable and seeming weak,” said Tom Smith, a former CMA lawyer now at Geradin Partners....
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