Hints and tips:
...“This reinforces our view that the ECB has finished raising interest rates,” said Jack Allen-Reynolds, an economist at research group Capital Economics....
...British American Tobacco, with help from its 2017 acquisition of Reynolds, has done a bit better....
...We expect loan growth to continue to slow down over the short term, and start recovering at a later stage when short-term rates find stability and the economic environment improves,” banking analysts at Jefferies...
...Jefferies Financial Group has hired Barclays executive Sven Baumann as head of investment banking for Germany, Austria and Switzerland, per Bloomberg. He will be based in Frankfurt....
...“It seems that the Delta variant is having very little economic impact,” said Jack Allen-Reynolds, an economist at Capital Economics....
...Owen Bennett, an analyst at Jefferies, said the FTSE 100 group was less exposed to emerging markets than its rivals....
...The past week “brought further evidence that the early stages of the eurozone’s economic recovery looked remarkably V-shaped”, said Jack Allen-Reynolds, senior Europe economist at Capital Economics....
...wrong, with a product that is not worse than anyone else’s and a brand with greater starting equity than anyone else (Blu was the original market leader), is beyond me,” said Owen Bennett, an analyst at Jefferies...
...Its finer points and price points won Boohoo market share “from high street retailers such as New Look, Top Shop and River Island”, said Jefferies’ admiring analyst....
...Mr Reynolds Smith has completed 17 acquisitions and sell-offs since 2016....
...However, this was largely supported by the $49bn acquisition of Reynolds American. Stripping out that contribution, profits grew a more modest 3.7 per cent....
...BAT’s $55bn purchase of US rival Reynolds American in July last year came just days before US regulators proposed reducing nicotine in cigarettes to non-addictive levels, in a move that threatened to strike...
...The venture will be led by Charles Bligh, TalkTalk’s chief operating officer, with Paul Reynolds, a long-time executive at BT, appointed as chairman....
...It also noted that cigarette sales trends in the US have decelerated since BAT bought Reynolds American....
...Since Andy Reynolds Smith took over as CEO in 2015 we have seen a return to active management of the portfolio, an operational improvement seen through much improved cash dynamics and a much greater focus...
...BAT also said on Wednesday that it expected its $49bn deal to buy Reynolds American to complete on July 25....
...Owen Bennett, an analyst at Jefferies, agreed, saying the tie-up “positions BAT better for long-term growth” with “full control of the attractive US cigarette profit pool and now a leading position in the...
...Jefferies analyst Owen Bennett said the results were “pretty solid” and showed BAT was able to raise prices to counteract falling sales....
...“If BAT is going to gain any real ground [on rival Philip Morris International] the product needs to be better than IQOS [PMI’s device] in our view,” says Owen Bennett, consumer goods analyst at Jefferies...
...David Reynolds, an analyst at Jefferies, said the announcement marked a “significant loss” for Just Eat....
...Owen Bennett, analyst at Jefferies, says that alongside Reynolds’ US cigarette business, “the added incentive for BAT is access to Reynolds’ Revo V2 heat not burn technology”....
...“Strategically, this deal makes absolute sense,” said David Reynolds at Jefferies....
...Analysts played down the significance, with Jefferies arguing that by extending the BT deal beyond 2018 Liberty had broadened its strategic options rather than boxing itself in....
...David Reynolds, an analyst at Jefferies, said that while Tuesday’s numbers were in line with expectations, after five guidance upgrades in less than two years, the latest update was “likely to disappoint...
...David Reynolds at Jefferies said: “Boohoo has come to enjoy the upside of under-promising and over-delivering and we sense that dynamic runs through both the raised guidance . . . and also the indicative...
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