Hints and tips:
...Here, for the sake of variety, is Jefferies’ version of the watch-flipper price tracker....
...Jefferies portrays the group as “caught between a bulk and a buyback”....
...(Alphaville believes that using L’Oréal as an O is cheating, even if it makes your acronym look nicer.)...
...Like bigger peers such as L&G, Just has a record pipeline of such deals in what is expected to be a record year for the market....
...The over-55s spend more time buying a car than managing their pension money, according to L&G. Older investors often have the benefit of experience....
...According to analysts at Jefferies, L&G managed £387bn of LDI funds at the end of June, equivalent to 30 per cent of the group’s total assets under management....
...Jefferies illustrates: Simple, right? Well, yes and no. The first challenge is getting a handle on the scale of the problem....
...Jefferies analysts said the update was “particularly reassuring”, highlighting a Solvency II ratio — a measure of the company’s regulatory capital against the minimum required under the rules — estimated...
...The 2012 London Whale trading scandal cost $6bn and the bank is being sued over its work for convicted sex offender Jeffery Epstein....
...The world’s largest foodmaker Nestlé and cosmetics group L’Oréal were less at risk, said the Berenberg analysts....
...“The indie brands are constantly taking risks and starting trends,” said Stephanie Wissink, an analyst at Jefferies....
...Martin Deboo, analyst at Jefferies, said the transaction “reduces Nestlé’s exposure to L’Oréal, which at [about 16 per cent] of its market cap pre-transaction was becoming troublingly high....
...Martin Deboo, analyst at Jefferies, called for “sharper and more radical portfolio choices”....
...That will further limit the supply of existing homes, notes Aneta Markowska of Jefferies....
...like Lancôme and L’Oréal Paris....
...Aaron Chandrasakaran, Citigroup’s head of Hong Kong investment banking, is leaving to join Jefferies Financial Group, per Bloomberg....
...“Not even Superman could drive growth at Knorr or Hellmann’s to keep up with the growth of L’Oréal or Estée Lauder.”...
...Jefferies has appointed Philip Yates as vice-chair of its UK investment banking unit....
...(Stat News) News round-up Elizabeth Holmes wraps up testimony in Theranos fraud trial (FT) French shipping group CMA CGM agrees $3bn logistics deal (FT) Nestlé trims L’Oréal stake by €9bn (FT) Credit...
...The tilt towards higher growth markets, allied with a leaner structure, brings P&L benefits. Siemens has carved out the low-growth energy business....
...Jonathan Slone, one of the most high-profile finance veterans in Hong Kong, is resigning as Asia chair at Jefferies after less than three years in the role to pursue opportunities in private equity....
...Morgan Stanley, JPMorgan and Jefferies are leading the offering....
...“You had a Treasuries market where the bias was about as short as it is possible to be,” said Christopher Jeffery, head of rates and inflation strategy at L&G, referring to investors positioning their portfolios...
...Then Italy’s Etro family sold a majority stake in their fashion house for €500m to the LVMH-backed private equity firm L Catterton....
...Analysts at Jefferies estimated that the cash would give Tui just over a month of survival funds....
International Edition