Hints and tips:
...The UK’s energy regulator has commissioned a probe into power company Drax’s compliance with sustainability rules, after growing external scrutiny of the wood it burns to generate electricity....
...For British Gas owner Centrica, this could mean additional ebit of £56mn, estimates Jefferies. Expect anger at the sector’s finances to take a long time to burn out....
...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....
...Many analysts reckon gas’s role in power generation could give it greater longevity than oil, which is heavily used for transport and emits more carbon dioxide when it burns....
...Jefferies Financial Group has hired Barclays’ Chad Parker as global head of transportation, based in New York, Bloomberg reports....
...Skye Landon, an analyst at Jefferies, said Thursday’s trading update “potentially signals some additional risk in the event of further delays”....
...He burns bits of leather from the bag with a small torch; others he rubs with acetone. Then he lays the deconstructed handbag on a work table....
...“The analyst briefing was relatively more optimistic than recent meetings with plans to cautiously add flights and destinations on cash generative routes,” said Andrew Lee, equity analyst at Jefferies....
...Tech companies are reacting by tackling the basics — cutting costs, reducing cash burn and focusing on the fundamentals....
...Additional reporting by John Burn-Murdoch in London...
...Its losses have swelled to $7.6bn in the first nine months of last year, and the company is on track to burn through its cash pile and short-term investments by the middle of 2023....
...“It reflects the challenge facing the aerospace and airline industries to avoid looking like the villain of the piece in the next two decades,” said Sandy Morris, analyst at Jefferies....
...Rolls-Royce appointed a new joint broker last week, replacing Jefferies with UBS, to work alongside Morgan Stanley, underlining its desire to refresh its relationship with the investment community....
...Consensus forecasts for 2021 and 2022 are likely to rise by 8-10 per cent in response, said Jefferies analyst Kean Marden....
...Jefferies’ James Wheatcroft talks of a “material market share opportunity for well-capitalised survivors”. Their thesis depends on a coming shakeout....
...the first part of an FT series analysing how the Covid-19 pandemic has transformed the labour market and changed the way millions of people think about work Mike, a gregarious ex-rugby player who now burns...
...By 2050 Glencore is aiming to be carbon neutral — including the carbon dioxide generated when customers burn or process its raw materials....
...[activity levels] higher, or instead results in more local lockdowns being introduced and activity rolling over,” said Marchel Alexandrovich, economist at the investment bank Jefferies....
...Mr Blennerhassett added that the airline was on track to burn through HK$20bn in cash in 2020....
...Tui estimated a cash burn of between €250m to €300m per month ahead of travel restrictions being lifted and reported €2.1bn of liquidity following a third bailout from the German state in December....
...“If they're forced to regularly open and close, they will burn cash and eventually that will prove very difficult,” he added....
...Yet on Jefferies’ forecasts the stock trades at 19 times 2022 earnings, a 70 per cent premium to history....
...“People [stock market investors in rivals] have been freaking out,” said Brian Tanquilut, a healthcare analyst at Jefferies....
...At Friday’s event Glencore pledged to reduce its greenhouse gas emissions, including “scope 3” created when customers burn raw materials, to net zero by 2050....
...Analysts at Jefferies estimate that with its cinemas shut, Cineworld burns through about $60m a month....
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