Hints and tips:
...Credit Suisse, UBS, Deutsche Bank, Santander and Jefferies declined to comment....
...Philippe Houchois, a global auto analyst at Jefferies, says bumper profits for carmakers have left manufacturers “cornered” during talks....
...of influential bankers and investors found their feet at the business, from Bruce Wasserstein and Joseph Perella, who went on to form their own boutique firm, to Richard Handler, now chief executive of Jefferies...
...Throughout the 1980s, the business was a leader in mergers and acquisitions and employed the likes of Larry Fink, who went on to lead BlackRock, and Richard Handler, the future chief executive of Jefferies...
...However, it will also have equity and debt underwriting capacity and its own balance sheet, making it more akin to a bank like Jefferies....
...“We want Airbus to focus on producing aircraft,” Ben Walker, partner at TCI, told the Financial Times. “This looks like a politically motivated bailout.”...
...Jefferies analyst Flora Bocahut said she was “negatively surprised by [the] lack of revenue growth, increased capital target, payout and [return on tangible equity] cut, and by the lack of details”....
...Barring gaming, “a lot of the consumer segments of the business have not been as bright stars as their enterprise” segments, said Brent Thill, analyst at Jefferies....
...extremely low profitability linked to extremely low rates, banks now have a chance to recover some of their profitability levels from before the global financial crisis,” said Marco Nicolai, an analyst at Jefferies...
...For the Ford Bronco and Ranger, both made at a striking plant in Wayne, Michigan, there is 40 and 26 days of supply, respectively....
...Overall global consumption fell and remains below where it would have been without the pandemic, analysts at Jefferies calculate....
...Jefferies has named Philippe Drouin as its Emea head of consumer food and beverage. He was previously UBS chair of global consumer and retail....
...commercial real estate than their US peers, representing about 8 per cent of the loan books at European lenders, compared with 18 per cent at US banks and 36 per cent for mid-cap US lenders, according to Jefferies...
...Management’s disciplined approach to date provides comfort,” said Jefferies analyst Benjie Creelan-Sandford....
...Diageo: Shares in the UK-based drinks company slipped 1.7 per cent on Friday after analyst Jefferies cut its recommendation from buy to hold, making it the biggest faller on the FTSE 100 index....
...“The drop in [European] gas prices has suddenly eased fears about any recessions to come,” said Jefferies analyst Flora Bocahut....
...Additional reporting by Owen Walker and George Steer in London...
...Flora Bocahut, an analyst at Jefferies, said the deal made strategic sense for SocGen, especially in light of Mifid II....
...“Third-quarter results are slightly better than expected, but continue to show a difficult environment for UBS, with pressure on revenues,” said Jefferies analyst Flora Bocahut....
...The maker of Johnnie Walker and Tanqueray reported a jump in annual sales earlier this month with consumers happy to pay for premium spirits....
...to date and better alternatives to use this $1.4bn of capital, we think it’ll be positively received by investors, though the lack of clarity around the reason for this cancellation is unhelpful,” said Jefferies...
...Speaking of advisors, news of THG’s bid approach has resulted in all three of its corporate brokers (Jefferies, Barclays and Citigroup) suspending coverage....
...UBS, Barclays and Deutsche Bank have all resumed allowing clients to sell their Russian debt holdings, in line with similar moves from JPMorgan Chase, Bank of America, Jefferies and Citigroup, according...
...Or, as Latham & Watkins partner David Walker put it: “There’s a lot of headwinds.”Global M&A fell 38 per cent to $1.3tn in the first half of the year, the lowest deal volume since the start of the pandemic...
...“We knew that recurring fees and transaction-based revenues would decline, but they did more than expected,” said Jefferies analyst Flora Bocahut....
International Edition