Hints and tips:
...Some would accept that their companies were not as valuable as once thought if that meant getting a deal done, said Butler....
...Jefferies has hired Morgan Stanley’s global head of gaming and lodging investment banking Michael Bluhm, Bloomberg reports. Freshfields has appointed Gil Perez as global chief innovation officer....
...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...
...“A lot of students are getting sucked into the situation where they can’t afford to keep themselves afloat,” says Jake Butler, operations director at student money website Save the Student....
...“With the equity worth doubled relative to a year ago, the investment debate has radically changed at M&S,” said Jefferies analyst James Grzinic....
...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 & Butlers...
...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’ James Wheatcroft talks of a “material market share opportunity for well-capitalised survivors”. Their thesis depends on a coming shakeout....
...Meanwhile, PureGym’s bankers — which include Barclays and Jefferies — are sitting on a roughly £400m hung bridge loan that financed the company’s takeover of rival Fitness World in January....
...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....
...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....
...; 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....
...It added that the company had increased its attention on key cigarette brands including Winston, Davidoff and Lambert & Butler, and on its vaping product Blu, and that the cigar brands now fell “outside...
...; 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....
...This appetite can sour quickly; Jefferies and Credit Suisse were last week left holding chunks of loans to Israel’s NSO Group....
...That suggests Indivior will cut guidance when delivering full-year results due on February 14, said Jefferies....
...● Mitchells & Butlers rose to a one-month high after the pub operator’s interim results topped expectations....
...“South32 continues to generate impressive free cash flow and deliver substantial capital returns,” said Jefferies analyst Christopher LaFemina....
...● Jefferies downgraded Ted Baker to “hold” from “buy” following Wednesday’s better than expected trading update from the fashion label....
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