Hints and tips:
...Jefferies also expected the deal would go through, saying Schneider was “the only possible buyer given it is already the majority shareholder.” Schneider declined to comment....
...Though smaller dealers remained independent (eg, Jefferies, Cantor Fitzgerald), for the first time in modern financial history the majority of dealer activity was performed within BHCs....
...The 2012 London Whale trading scandal cost $6bn and the bank is being sued over its work for convicted sex offender Jeffery Epstein....
...“We are risking a massive deindustrialisation of the European continent,” says Alexander De Croo, Belgium’s prime minister....
...“Overall we see at least 5 per cent downside risk to the current full fiscal year adjusted earnings of 88p a share,” said Ahmed Farman, analyst at Jefferies, in a note....
...Alexander Pearce, analyst at BMO Capital Markets, said Rio’s “negative guidance tweaks” could help support “already elevated” iron ore prices, currently at $222 a tonne....
...Well-known figures ranging from Wall Street veterans Michael Klein and Bill Ackman to sports stars Shaquille O’Neal and Alexander Rodriguez have raised money through Spacs....
...Yale University has named Alexander Banker, director of investments at Yale’s endowment, as interim head of its endowment until a successor is named....
...We wish Mr Alexander well and he leaves with the group in good momentum....
...Analysts at Jefferies pointed out that prior to its deal with Stars Group, Flutter traded at a premium to its competitors due to its strong balance sheet and low exposure to unregulated markets....
...And Jefferies: We are bulls of the US online gambling market. We see $19bn net revenue from sports betting in the USA by 2023, equivalent to a $5bn EBITDA opportunity....
...● Jefferies downgraded Inditex, the Zara owner, from “buy” to “hold” with a €27 target price....
...Jeffery Norton has rejoined O'Melveny & Myers in the corporate finance practice in New York from Dechert where he was a partner....
...Deutsche Bank and Jefferies also cut earnings forecasts ahead of Croda’s first-half results that are due on July 24....
...Analysts at Jefferies said the offer was “robust” and based on the UK group’s projected earnings for 2019, although they noted that Dairy Crest’s shares had been trading at more than 600p in 2017....
...Sandy Morris at Jefferies can summarise: For the first time, receivables sold are disclosed (we knew this occurred) - £1,117m at end FY19 versus £1,022m end FY18 and an average £1,037m for the last three...
...Jefferies said BP was helped along by an effective tax rate of 34 per cent, compared with its estimate of 40 per cent....
...Laurence Alexander, an analyst at Jefferies who has a “buy” rating on the company’s shares, described the writedown in a note as “mostly if not entirely a mark-to-market of known conditions in the seed and...
...He built investment boutique Longacre Partners before it was sold to Jefferies in 2007, and set up the Founders Forum, a private network for tech entrepreneurs....
...Evraz faded after share sales by chief executive Alexander Frolov and Alexander Abramov, the Russian steelmaker’s co-founder and chairman....
...Evraz, the Russian steelmaker, was under pressure following share sales by its billionaire co-founder Alexander Abramov, group non-executive chairman, and chief executive Alexander Frolov....
...Alexander Nesis, a 20 per cent-plus holder of the company, was also named in the ‘January list’ of oligarchs with over $1bn in net worth....
...Generating a sense of excitement around BNY, founded in 1784 by Alexander Hamilton, will not be easy....
...“We are hopeful for even directional clarity from the new CEO and outgoing CFO on future direction of the model,” Stephanie Wissink, analyst at Jefferies, noted....
...He held senior roles at Jefferies International and ABN AMRO. Simmons & Simmons has hired Thierry Somma as a partner to its M&A practice in Luxembourg....
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