Hints and tips:
...There is a chance that Microsoft’s new direction is a “win, win, win situation”, according to Atul Goyal at Jefferies, because of the different situation each company finds itself in....
...Financial markets closed UK: monthly KPMG and REC Jobs Report US: monthly consumer credit data Results: Jefferies Q4 Tuesday World Bank’s Global Economic Prospects report is published EU: November...
...Marks and Spencer, which for years epitomised the struggles of the British high street, rejoined the FTSE 100 index last year as sales and profits bounced back strongly....
...TD Securities has expanded its global financial institutions group with managing directors Geoff Bertram and James Spencer to co-lead the team....
...Analysts at Jefferies said they expected the climate to remain challenging for Boohoo, although were “encouraged to see management successfully controlling the factors it can (inventory, costs)”....
...“It’s the consumer who always pays,” said Martin Deboo, analyst at Jefferies....
...Martin Deboo, analyst at Jefferies, called for “sharper and more radical portfolio choices”....
...Widespread survey evidence suggests that customers are likely to tighten their belts in response to higher payroll taxes and rising food and energy costs, but some retailers such as Marks and Spencer have...
...“This was a change in tone”, said Jefferies analyst Andrew Uerkwitz, who noted Netflix rarely even acknowledged that it faced competition in the past. “It sounds like they’re in rebuilding mode.”...
...Marks and Spencer nudged higher its full-year profit guidance on booming Christmas food and drink sales....
...Marks and Spencer shares surged more than 20 per cent on Wednesday to their highest level in almost two years after the retailer said full-year profits would beat forecasts....
...Boohoo’s house broke Jefferies is forecasting relatively modest revenue growth of 11.6 per cent even for the year to February 2024....
...Marks and Spencer has said it will accelerate the overhaul of its store estate, potentially taking on sites vacated by Debenhams but relocating or closing more than 100 other locations....
...Jefferies to summarise: Revenue in line, but adj. PBT 30% below in H1....
...Singlife is owned by private equity firm TPG, Japanese insurer Sumitomo Life, and IPGL, the investment vehicle of UK City stalwart Michael Spencer....
...“The very simple and powerful maths is that, fundamentally, there’s too much shopping space,” says Mike Prew, an analyst at financial services group Jefferies....
...Working backwards from the numbers, Jefferies estimates that revenues in its UK grocery business — a joint venture with Marks and Spencer — rose 45 per cent in the second quarter....
...Jefferies goes up to “buy” on Marks & Spencer, 160p target price. MKS' FY confirmed improving Food resilience, a trend we expect to persist in the months ahead....
...Based on Jefferies’ estimates that’ll be around 63 per cent downside when they start trading again, if they start trading again....
...Britain’s Marks and Spencer, which announced 7,000 job cuts earlier this week, has been busy closing stores, as have countless other retailers....
...When one turned its huge head sideways to lean inside the truck, Jeffery introduced it as a three-year-old officially called Bakora. “But we all call him Gary,” said Jeffery....
...Boohoo’s £4.1bn market value is greater than that of Marks and Spencer and Sports Direct owner Frasers Group combined....
...Its market value of £3.3bn is more than that of Sports Direct and Marks and Spencer combined....
...Marks and Spencer’s website offers “shoe solutions”, “lingerie solutions”, and “firm control body solutions”. But not “food solutions”....
...Boohoo’s market value of almost £3.89bn is now bigger than that of Marks and Spencer, the 135-year-old high street stalwart....
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