Hints and tips:
...But investors have long memories, argues Jefferies analyst Mark Wilson....
...Goldman has also struggled to foster collaborative ties both within divisions and across the bank at times....
...Wood paid a similar amount for its then UK rival Amec Foster Wheeler (AFW) in 2017. Wood inherited problem contracts and historic corruption allegations — now settled — from the ill-fated deal....
...Ampere could be worth €10bn, thinks Jefferies. Bulls expect at least double that based on Tesla’s past success. Most important is the road directly ahead....
...“This Aegis situation is just the latest in a multiyear sequence of cash leakage from the business,” said Mark Wilson, an analyst at Jefferies, adding that Wood had chalked up $874mn of exceptional charges...
...Tom Mills, an analyst at Jefferies, says: “Generally buoyant equity markets and pandemic-related cost savings have provided a significant crutch to asset managers’ earnings [since the] short, sharp market...
...They foster a closer relationship with customers. They could represent 85 per cent of turnover at SAP by 2025, say Jefferies analysts....
...Analysts at Jefferies said that despite the recent conditions, Wood’s first-half results “ironically appear the most stable we have seen since [the] AMFW merger”....
...The acquisitive St Louis-based investment bank would not disclose the price it paid for Mooreland, which employs more than 50 staff and has offices in New York, Frankfurt, London and Foster City, California...
...Robert Foster has joined Baird’s global investment banking business as a managing director. He joins from Jefferies where he headed consumer and retail investment banking in Europe....
...Jefferies analysts noted that the report’s findings were uncomfortable but that there was no indication extra costs would be incurred to introduce the changes proposed by the review....
...gift the Brazilian government $25bn in licensing fees and tens of billions more in production compensation, providing a boost for president Jair Bolsonaro, who is attempting to revamp Brazil’s economy and foster...
...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 that the group’s sharp underperformance this year has been driven by fears around cash generation, which have largely been as a result of the Amec Foster Wheeler acquisition....
...Here’s Christopher Wood of Jefferies, author of the excellent Greed and Fear newsletter, to take a step back. Oil now looks set to re-test the 2016 low of US$27.1/bbl ......
...“I think this deal will foster more strategic thinking than the Shire Takeda combo just because it is more mainstream pharma.” He added that sheer size was helpful “in turbulent operating markets”....
...● John Wood dropped after the oil services group scrapped a debt-reduction target given when it bought Amec Foster Wheeler in 2017....
...So does the streak continue and will it foster a repeat performance for equities, credit and emerging markets is the big question, should we get a lengthy pause from the US central bank....
...Rothschilds is advising Cambian, while Jefferies is advising CareTech....
...Charlie Foster has joined as a managing director from Canaccord Genuity. He’s also worked for RBS Global Banking & Markets and Oriel Securities. Andrew Penny has joined as a senior adviser....
...If a similar quota system is applied widely, US imports could fall 10 per cent to 23 per cent on 2017 levels, according to estimates by Jefferies....
...Jefferies and Citi have also said a risk of breaching debt covenants could force a dividend re-think....
...Analysts at Jefferies said late on Tuesday that any risk was “not yet in the share price of either company, in our view”....
...And, finally, it is looking like plain sailing from here on for Wood Group’s £2.2bn acquisition of oil services rival Amec Foster Wheeler....
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