Top related persons:
Top related locs:
Top related orgs:

Search resuls for: "" Jefferies"


25 mentions found


An employee of the Korea Exchange Bank counts one hundred U.S. dollar notes during a photo opportunity at the bank's headquarters in Seoul April 28, 2010. Currency markets settled in tight ranges with implied volatility plumbing to multi-year lows after last week's strong inflation readings and a dovish European Central Bank meeting failed to dislodge currencies from recent trading levels. The dollar index , which measures the greenback against a basket of six currencies, was up 0.1% at 90.427. Last week the index rose 0.4%, its largest weekly change in five weeks. Muted FX moves in recent weeks crushed the Deutsche Bank FX Volatility Index (.DBCVIX) down to 5.6 on Friday, its lowest in nearly 16 months.
Persons: Jo Yong, we'll, Brad Bechtel, Jerome, Powell, Bechtel, John Marley, Sterling, bitcoin, Elon Musk Organizations: Korea Exchange Bank, REUTERS, Federal Reserve, European Central Bank, FX, Jefferies, Deutsche Bank, Tesla Inc, Thomson Locations: Seoul, London, Britain, COVID
German eyewear retailer plans Frankfurt IPO
  + stars: | 2021-06-14 | by ( Reuters Staff | ) www.reuters.com sentiment -0.96   time to read: +2 min
The company sells glasses, shades and contact lenses online, working with local opticians for eyesight tests. In 2020, it reported gross profit of 81 million euros on sales of 164 million euros. Mister Spex said it plans to use the proceeds to accelerate its growth strategy, expand internationally and repay a bridge loan facility, as well as invest in technology. Mister Spex is owned by Graber and co-chief executive Mirko Caspar and investors, including Goldman Sachs, DN Capital, Scottish Equity Partners and XAnge. Earlier this year, it attracted 15 million euros in new money on top of a 65 million euro fundraising it closed in autumn of 2020.
Persons: Mister Spex, , Dirk Graber, Mirko Caspar, Goldman Sachs, Jefferies, Bryan Garnier, Commerzbank, Quirin Privatbank, Caroline Copley, Louise Heavens Organizations: Graber, DN Capital, Scottish Equity Partners, Barclays, Berenberg Locations: Frankfurt, Q3 BERLIN, Berlin
Doctors in India say COVID-19 patients have unusual symptoms that could be due to the Delta variant. Doctors in India claim that the highly infectious Delta variant could cause unusual symptoms such as gangrene and hearing loss, which they say are becoming more common in COVID-19 patients of all ages. The highly infectious variant has spread to 67 countries and is becoming more common around the world. The Delta variant is estimated to be 60% more infectious than the Alpha variant that's currently the most common in the US. A Public Health England document from May reported the Pfizer and AstraZeneca vaccines were respectively 88% and 60% effective against the Delta variant after both doses.
Persons: Anthony Fauci, Joe Biden's, didn't, Ganesh Manudhane, Manudhane, Dr, Abdul Ghafur, hadn't, Anurag Agarwal, Agarwal, Neil Ferguson, Dr Jeffery Barrett, Barrett, Pradeep Gaur, Harsh Vardhan, it's, Ghafur, Shailesh Kothalkar, David Denning Organizations: Bloomberg, Daily Mail, Alpha, Health, Pfizer, AstraZeneca, Delta, Seven Hills, Apollo Hospital, Indian, of Medical Research, of Genomics, MRC Centre, Infectious, Imperial College London, Genomics, Wellcome Sanger Institute, Rapid, Getty, Seven Star Hospital, Telegraph, University of Manchester, Global, Fund, Fungal Infections Locations: India, COVID, Mumbai, Chennai, Nature, Delhi, New Delhi, Nagpur
Check out the companies making headlines before the bell:Novavax (NVAX) – The drugmaker said its Covid-19 vaccine proved 90% effective overall in a late-stage trial, and 93% effective against the most predominant variants of the virus. Phillips (PHG) – Phillips shares slid 4.3% in premarket action after saying it would recall up to 4 million CPAP machines due to potential toxicity risks. Chipotle shares gained 1.4% in the premarket. Shares gained 2% in premarket trading. NextGen shares gained 1.9% in the premarket.
Persons: Steve Burns, Julio Rodriguez, Lordstown, Burns, Rodriguez, Phillips, – Phillips, – Raymond James, Ferrari, – Goldman Sachs, Marco Cavaleri, Oatly, Oppenheimer, Morgan Stanley, Piper Sandler, Jefferies, JPMorgan Chase, Cristiano Amon, Equinix, – Equinix, Sir Richard Branson's Virgin, Sky, NextGen Organizations: Lordstown Motors, Grill, GlaxoSmithKline, GSK, iTeos Therapeutics, AstraZeneca, European Medicines, Royal, Shell, Reuters, Credit Suisse, Guggenheim, JPMorgan, RBC, Qualcomm, Nvidia, Sir Richard Branson's Virgin Orbit, Sky News, Virgin Locations: Texas
For all of those invested in a healthy turnout, the early numbers do not bode particularly well. Just 16,867 voters showed up on Saturday, according to the Board of Election’s unofficial tally. Every New Yorker who has yet to cast a vote is still theoretically persuadable. And the candidates are sparing no expense in trying to reach them. Garcia out-raises field, and Adams outspends itIn the final weeks of the mayor’s race, donations have poured in to the campaign of Kathryn Garcia, a former sanitation commissioner who has risen from long shot to viable leading candidate.
Persons: bode, Garcia, Adams, Kathryn Garcia Organizations: Yorker
Lordstown Motors — The electric truck maker's stock fell more than 15% midday after announcing CEO Steve Burns and CFO Julio Rodriguez resigned. Oatly — Shares of the oat milk company dipped about 4.8% after a number of Wall Street firms began coverage of the stock. Square — Shares of the payments company rose over 4% after Deutsche Bank reiterated its buy rating on the stock. The Wall Street firm said the company has room to raise prices and the move will boost its financial results. Royal Dutch Shell – The energy stock traded about 2% higher as Royal Dutch Shell is reportedly considering a sale of shale assets in Texas.
Persons: Steve Burns, Julio Rodriguez, Lordstown, Morgan Stanley, Oppenheimer, Piper Sandler, Raymond James, Chipotle, Goldman Sachs, Shell, ContextLogic, , Jesse Pound, Maggie Fitzgerald, Pippa Stevens, Yun Li, Tanaya Macheel Organizations: Lordstown Motors, Wall Street, JPMorgan, Jefferies, Jefferies , Credit Suisse, Deutsche Bank, Philips — Philips, Ferrari —, Royal, Shell, , AMC Entertainment, Clean Energy Fuels, BlackBerry, Bed, GameStop, Clover Health Locations: Brooklyn, New York, U.S, Jefferies ,, Mexican, Texas
Jefferies is updating its analysts' list of top stock picks for 2021. But there is always room for improvement, and Jefferies says its analysts are offering one path forward with their Franchise Picks list of best ideas. "As of 5/31/21, the Franchise Picks list has outperformed the SPX by ~400 bps on a total return basis," the firm wrote in a note to clients. The S&P 500 posted a total return of 9.5% over the first five months of the year, so that implies a total return of about 13.5% for the Jefferies stocks. In total, Jefferies expects double-digit gains for 20 of the 24 stocks on the list.
Persons: Jefferies, Jeffries, Parker Organizations: Jefferies, Procter, Gamble
FILE PHOTO: The logo of Volkswagen's truck unit Traton, former Volkswagen Truck & Bus AG, is pictured in Hanover, Germany September 19, 2018. REUTERS/Fabian Bimmer/File PhotoTraton, which has a market capitalisation of about 13.7 billion euros, is contemplating raising its capital by about 10% in a deal that could happen as soon as after the summer break, the people said. Traton financed the deal with debt, mainly relying on a loan it received from Volkswagen. Jefferies analysts last month wrote that Traton sees the “100% debt funded Navistar acquisition as suboptimal given risk to the credit rating, suggesting a potential 1.2-1.4 billion euros of equity raise as optimal”. Navistar also holds a small stake in self-driving truck startup TuSimple, which listed in spring and which has seen its valuation jump to 10 billion euros since.
Persons: Fabian Bimmer, Traton, Jefferies, Navistar Organizations: U.S, Volkswagen, Bus AG, REUTERS, MAN, Scania Locations: FRANKFURT, Hanover, Germany, Navistar, North America
The logo of Volkswagen's truck unit Traton, former Volkswagen Truck & Bus AG, is pictured in Hanover, Germany September 19, 2018. Traton, which has a market capitalisation of about 13.7 billion euros, is contemplating raising its capital by about 10% in a deal that could happen as soon as after the summer break, the people said. Traton financed the deal with debt, mainly relying on a loan it received from Volkswagen. Jefferies analysts last month wrote that Traton sees the "100% debt funded Navistar acquisition as suboptimal given risk to the credit rating, suggesting a potential 1.2-1.4 billion euros of equity raise as optimal". Navistar also holds a small stake in self-driving truck startup TuSimple (TSP.O), which listed in spring and which has seen its valuation jump to 10 billion euros since.
Persons: Fabian Bimmer, Navistar, Traton, Jefferies Organizations: Volkswagen, Bus AG, REUTERS, U.S, MAN, Scania, Thomson Locations: Hanover, Germany, Navistar, North America
So-called meme stocks like U.S. video-retailer Gamestop Corp and AMC Entertainment Holdings saw record inflows fuelled by retail investors sharing investment strategies on social media. Trading in Europe is more fragmented given the number of different stock exchanges in the region. Still, the share of total trading carried out by retail investors jumped to nearly 7% by mid-2020 from 2% in 2019, before settling at around 5% currently, Euronext said. Meanwhile, the number of retail investors has doubled over the past 18 months on Euronext, the exchange’s CEO Stephane Boujnah told Reuters. “It is a bit of a mishmash and in my view, the European retail trading landscape is ripe for change,” he said on condition of anonymity as he is not authorised to talk to the media.
Persons: Dado Ruvic, Jefferies, Daniel Fannon, Stephane Boujnah, Boujnah, Schwab, Organizations: GameStop, REUTERS, Gamestop Corp, AMC Entertainment Holdings, Reuters, Borsa Italiana, Fidelity, Social Finance Inc Locations: Europe, United States, Paris, Amsterdam, Lisbon, Dublin, U.S
A logo of Signa is pictured on a building nearby the Karstadt sport department store, in Berlin, Germany July 30, 2020. Wiggle's owner, private equity firm Bridgepoint, will become an investor in Signa Sports United as part of the deal, the source added. Signa Sports United runs firms like bicycle online shops Fahrrad.de or Bikester, tennis platforms Tennis-Point or Tennis Express, outdoor gear retailers like Campz and team sport shops Outfitter and Stylefile. The company operates more than 80 Web shops in 17 countries, reaching over 7 million online customers a year. After the Yucaipa deal, which is being organised by Citi (C.N) and Jefferies (JEF.N), property investor Rene Benko's Signa Holding will own about 50% of Signa Sports United.
Persons: Fabrizio Bensch, Rene Benko, Signa, Yucaipa, Bridgepoint, Rene Benko's Signa Organizations: REUTERS, Signa Sports United, New York Stock Exchange, Signa Sports, Sports United, Aeon Co, Central Group, Tennis Express, Citi, Jefferies, Thomson Locations: Berlin, Germany, Austrian, Britain, Frankfurt
Why golf club-maker Callaway is moving away from the fairway
  + stars: | 2021-06-11 | by ( Shawn Baldwin | ) www.cnbc.com + 0.99   time to read: +1 min
With a record number of new golfers teeing off in 2020, Callaway, the maker of golf balls, clubs, bags and apparel, has been thriving. Callaway announced in May first-quarter net revenue of $652 million, a 47% increase from a year earlier. In March, the company completed its merger with golf entertainment business Topgolf, which combines virtual driving ranges with food and cocktails. It creates an entity that doesn't really replicate anything that currently exists, with the leader in golf equipment merging with the leader in golf entertainment," said Callaway CEO Chip Brewer. But with movie theaters, travel and concerts expected to rebound, will golf club-makers like Callaway and its rival Acushnet be able to maintain their momentum?
Persons: teeing, Callaway, Covid, Jefferies, Randy Konik, Chip Brewer, Acushnet Organizations: Callaway
Biogen's Alzheimer's drug stumbled through testing but will become available in the US for $56,000. The arrival of the first new Alzheimer's drug in two decades should have been a moment of celebration. Collier was diagnosed in 2008 with Alzheimer's disease and was part of a clinical trial at Brigham and Women's Hospital. Though Knopman was against Aduhelm's approval, he's come around to the idea that it might not spell disaster for other drug trials. Chief Medical Officer Hans Moebius led the research team that developed the last major Alzheimer's drug, Namenda, which was approved in 2003.
Persons: Dr, David Knopman, Knopman, Biogen, Charles W, Collier, Scott McGinnis, Suzanne Kreiter, Aduhelm, Michel Vounatsos, Ronny Gal, That's, Charles Flagg, Charles Krupa, Alzheimer's, James Brewer, Jefferies, Andrew Tsai, George Perry, Perry, Thomson, Michael Greicius, Caleb Alexander, John Dwyer, drugmakers, he's, who've, that's, Hans Moebius, Moebius isn't, Dwyer Organizations: US Food and Drug Administration, Mayo Clinic, FDA, Brigham, Women's, Boston Globe, Getty, Alzheimer's Association, Caring, for Clinical, Medicare's, Butler Hospital, Associated Press Medical, University of California, University of Texas, Thomson Reuters, University of Southern, New York Times, Athira Pharma Locations: Providence , Rhode Island, University of California San Diego, San Antonio, Mexico City, University of Southern California, Seattle
Jefferies strategist Steven DeSanctis says value stocks should continue to outperform. That combination has been a boon to active managers, and DeSanctis names 21 stocks that meet both criteria. Steven DeSanctis of Jefferies says active managers are finding great success recently by making one of those two-pronged trades. "Both Valuation & Momentum have started to perform well. DeSanctis has picked 21 stocks that have "Buy" ratings from Jefferies and score well in momentum and value metrics.
Persons: Jefferies, Steven DeSanctis, DeSanctis, That's Organizations: Jefferies, Foods
Bankers, traders, and other employees are departing Credit Suisse in droves in recent months. The leadership shakeup also saw the departures of , head of equities sales and trading; , head of prime services risk; , head of credit risk; , head of counterparty credit risk management for IB; and , head of counterparty hedge fund risk. HSBC made a group of trader hires, including a lift-out of four Credit Suisse corporate bond traders, Insider reported June 8. made a group of trader hires, including a lift-out of four Credit Suisse corporate bond traders, Insider reported June 8. HSBC also hired Credit Suisse VP Chris Staudt for its emerging-markets credit desk, Insider reported June 8.
Persons: Bill Hwang, Brian Chin, Laura Werner, John Dabbs, Ryan Nelson, Thomas Gottstein, Chin, Gottstein, there's, shakeup, Paul Galietto, Parshu Shah, Ryan Atkinson, Ilana Ash, Manish Mehta, Marla Moskowitz, Hesse, Wells, Wells Fargo, Jose Olympio Pereira, Falguni Desai, efinancialcareers, Michael Lattarulo, Christopher Bathon, Christopher Schuville, Mike Malloy, Marshall Peters, Bathon, Malloy, Peters, Chris Staudt, Houlihan Lokey, Sameer Shamsi, Shamsi, Christoph Schumacher Organizations: Credit Suisse, Jefferies, JPMorgan, Citigroup, Bank of America . Credit Suisse, UBS, York Capital, Greensill, Bloomberg, Archegos Capital Management, Credit, Bank of America, Barclays, Suisse, IB, Wells Fargo, Wells, Credit Suisse Brazil, Microsoft, Investment, Wall Street, Deutsche Bank, HSBC, Credit Suisse Asset Management, Manulife Investment Management, Private Locations: Swiss, Americas
The Fed's two-day meeting is the big event for markets in the week ahead. The program was initiated during the pandemic to provide liquidity to the markets and keep interest rates low. Wells Fargo's Schumacher said he is closely watching that inflation forecast, particularly for 2023. Markowska of Jefferies doubts the Fed rate forecast will shift. But the financial sector lost 2.4% as interest rates fell, and it was the worst performing sector this week.
Persons: Jerome Powell, Kevin Lamarque, Scott Redler, Powell, Mike Schumacher, Aneta Markowska, Economists, Wells Fargo's Schumacher, Schumacher, Markowska, Jefferies, Stocks, Russell, REITs, Financials, Joe Biden's, Vladimir Putin Organizations: Federal, Federal Reserve, Reuters Stocks, Jefferies, Fed, Market, Dow, Nasdaq, Tech, GameStop, Treasury, NATO, Wednesday Locations: Washington, Wells Fargo, Treasurys, Europe, Geneva
But before she dived into that issue, Camerota greeted Toobin by saying, "It's been a while." Camerota asked Toobin whether he understood the impact the incident had on co-workers who witnessed the embarrassing act. Toobin said he doesn't want make a "politician apology" like "I'm sorry if you were offended." "I have tried, and I'm trying now, to say how sorry I am." I'm sorry to my current, fortunately still, colleagues at CNN."
Persons: Jeffrey Toobin, Toobin, Alisyn Camerota, Camerota, It's, we've, You've, Jay Leno, Hugh Grant, O.J, Simpson, I've, I'm, Kate McKinnon, Heidi Gardner, Jeffrey, Jeffery Organizations: CNN, New, Yorker Locations: California, Los Angeles
TREASURIES-Traders rethink CPI message and send down yields
  + stars: | 2021-06-10 | by ( Ross Kerber | ) www.reuters.com + 0.00   time to read: +3 min
The benchmark 10-year yield was down 2.2 basis points at 1.4671% in afternoon trading, near its low for the session and the least since March. The trading moved down the part of the U.S. Treasury yield curve measuring the gap between yields on two- and 10-year Treasury notes, seen as an indicator of economic expectations. It was at 131 basis points, about 2 basis points lower than Wednesday's close and also its lowest since March. The 10-year TIPS yield was at -0.889% and the breakeven inflation rate was at 2.348%. The two-year U.S. Treasury yield, which typically moves in step with interest rate expectations, was down less than a basis point at 0.1508%.
Persons: Ross Kerber, Andy Richman, Richman, Ben Jeffery, Chizu Nomiyama Organizations: Treasury, U.S . Labor Department, U.S . Federal Reserve, Sterling Capital Management, U.S, BMO Capital Markets Locations: U.S, York, Boston
Israel's monday.com valued at nearly $7.6 billion in Nasdaq debut
  + stars: | 2021-06-10 | by ( Sohini Podder | ) www.reuters.com sentiment -0.97   time to read: +1 min
(Reuters) - Shares of monday.com Ltd jumped nearly 12% in their Nasdaq debut on Thursday, giving the Israeli work management company a market capitalization of about $7.6 billion. Shares of the company opened at $173.15, compared with their initial public offering (IPO) price of $155 per share. Tel Aviv-based Monday.com sold 3.7 million shares in its IPO, raising about $574 million. Launched in 2014, the company operates a cloud-based platform known as Work OS that allows organizations to build software, applications and work management tools based on their needs. Monday.com counts venture capital firm Insight Partners and asset manager Hamilton Lane among its existing backers.
Persons: , Roy Mann, Monday.com, ” Mann, Hamilton Lane, Goldman Sachs, J.P, Morgan, Allen, Jefferies Organizations: Reuters, monday.com Ltd, Nasdaq, Tel, Adobe Inc, Interactive Inc, Universal Music Group, Discovery, Insight Partners, Hamilton, Co, underwriters Locations: Tel Aviv
UPDATE 1-TPG-backed LifeStance Health valued at more than $7 bln in U.S. IPO
  + stars: | 2021-06-10 | by ( Reuters Staff | ) www.reuters.com sentiment -0.98   time to read: +2 min
(Adds IPO details, background)June 10 (Reuters) - LifeStance Health Group Inc’s shares jumped over 11% in their Nasdaq debut on Thursday, giving the therapy provider a market value of nearly $7.5 billion and underscoring demand for mental health services during the COVID-19 pandemic. LifeStance said it sold 40 million shares above the earlier target range of $15 to $17 apiece, raising $720 million. Of the shares sold, 32.8 million were offered by LifeStance and around 7.2 million by the company’s existing investors. Health experts have also flagged concerns around evidence of higher risks of brain and mental health disorders among COVID-19 survivors. Founded in 2017, LifeStance provides virtual and in-person outpatient mental health care for children, adolescents and adults experiencing a variety of mental health conditions including depression, anxiety disorder, Schizophrenia and PTSD.
Persons: LifeStance, Morgan Stanley, Goldman Sachs, J.P, Morgan, Jefferies, Noor Zainab Hussain, Shailesh Kuber Organizations: LifeStance, Inc’s, Nasdaq, TPG, Summit Partners, Capital Partners, underwriters Locations: Scottsdale , Arizona, United States, Bengaluru
(Reuters) - LifeStance Health Group Inc’s shares jumped over 11% in their Nasdaq debut on Thursday, giving the therapy provider a market value of nearly $7.5 billion and underscoring demand for mental health services during the COVID-19 pandemic. Of the shares sold, 32.8 million were offered by LifeStance and around 7.2 million by the company’s existing investors. Health experts have also flagged concerns around evidence of higher risks of brain and mental health disorders among COVID-19 survivors. There’s been a mental health crisis for a very long time,” said Chief Executive Officer Michael Lester. Founded in 2017, LifeStance provides virtual and in-person outpatient mental health care for children, adolescents and adults experiencing a variety of mental health conditions including depression, anxiety disorder, Schizophrenia and PTSD.
Persons: LifeStance’s, LifeStance, There’s, , Michael Lester, Morgan Stanley, Goldman Sachs, J.P, Morgan, Jefferies Organizations: Reuters, LifeStance, Inc’s, Nasdaq, TPG, Summit Partners, Capital Partners, underwriters Locations: Scottsdale , Arizona, United States
NEW YORK (Reuters) - When Brian Moynihan took the reins at Bank of America Corp in 2010, the U.S. bank was reeling. Since then, Moynihan, 61, has not just righted the ship, but transformed Bank of America, leaving analysts, industry people and some investors wondering what - and who - comes next. That leaves Moynihan with a new challenge over the next few years: determining who would best replace him, and marketing that person to the world without alienating other senior executives. Yet it leaves Moynihan as the longest-tenured CEO on Wall Street who has not offered a crisp idea of who is next, analysts said. “Now that he has four or five years of runway left, investors should be rightfully saying, ‘Hmmm,’” said one former bank employee.
Persons: Brian Moynihan, Shannon Stapleton, Moynihan, , , Sydney Finkelstein, Ken Lewis, Finkelstein, “ You’re, ” Moynihan, Piper Sandler, Jeffery Harte, , ’ ”, Raul Anaya, Dean Athanasia, Cathy Bessant, Steve Boland, Alastair Borthwick, Jim DeMare, Andy Seig, PNC’s Mike Lyons, Mark Chancy, Moynihan’s, Tom Montag, Montag, Warren Buffett, ” Buffett Organizations: YORK, Bank of America Corp, Bloomberg Global Business, REUTERS, of America, Bank of America’s, Dartmouth’s Tuck School of Business, Bank of America, Wall, Bank of, Justice Department Locations: U.S, New York City , New York, Bank
TOKYO (Reuters) - Despite growing local opposition amid the coronavirus pandemic, the Tokyo Olympic Games that were postponed last year will get under way in less than two months - barring “Armageddon”, as one International Olympic Committee member said. Local ticket sales have typically accounted for 70-80% of the total at past Olympic Games. Analysts with the financial services firm Jefferies estimate the insured cost of the 2020 Olympics at $2 billion, including TV rights and sponsorship, plus $600 million for hospitality. In 2019, Japan hosted 31.9 million foreign visitors, who spent nearly 4.81 trillion yen ($44 bln). “If the (Olympic Games) trigger the spread of infections and necessitates another emergency declaration, then the economic loss would be much greater,” Kiuchi said.
Persons: Miraitowa, Stringer, NBCUniversal, Takahide Kiuchi, ” Kiuchi Organizations: Tokyo Olympic Games, Olympic, REUTERS, Tokyo, Local, Olympic Games, Olympics, Toyota, Bridgestone, Panasonic, Samsung, International Olympic Committee, IOC, Summer, Jefferies, Games, Variety, Comcast, Discovery Communications, Eurosport, HIT, Nomura Research Institute, Nomura Research Locations: TOKYO, Tokyo, Japan, Europe
REUTERS/Rafael Marchante/File PhotoDrahi’s newly-created vehicle Altice UK announced the holding in a statement on Thursday which drove BT’s shares to a 17-month high. Altice UK is owned by Next Alt, dealmaker Drahi’s private holding, which also controls SFR, the second largest telecoms operator in France behind Orange. “Altice holds the board and management team of BT in high regard and is supportive of their strategy,” Altice UK, a company formed for the purpose of holding the BT stake, said. “Altice UK has informed the BT board that it does not intend to make a takeover offer for BT,” it added. Altice UK has ruled itself out of making a full takeover offer for six months by virtue of its statement.
Persons: Patrick Drahi, Rafael Marchante, “ Altice, , , Jefferies, Altice, Drahi, Morgan Stanley Organizations: BT Group, REUTERS, SFR, Orange, BT, “ Altice, Britain’s, Deutsche Telekom, Vivendi Locations: PARIS, Lisbon, Portugal, France, British, Spain, Switzerland, United States, Israel, Europe, Dominican Republic, U.S
But how are investors picking their bets? The reopening hopes, alongside the summer weather, have also boosted hard-hit hospitality sector shares such as pub groups Mitchells and Butler and Wetherspoons. ‘STARTING TO BOOM’More than half of British adults have had two vaccine doses, double the percentage seen in many euro zone countries. Investors are also watching Citi's economic surprise index that measures the degree to which data is beating forecasts. The government has reduced the list of “green” countries tourists can visit, hitting shares in airlines EasyJet and British Airways operator IAG.
Persons: Henry Nicholls, , , Kasper Elmgreen, Jefferies, Travis Perkins, ” Jefferies, Butler, Phil Milburn, Milburn, Liontrust, Nomura, John Keeble, Keeble Organizations: REUTERS, UK Cinema Association, SUN Investment, Kingfisher, Liontrust’s, Milburn, Jefferies, JET, British Airways, Charter Company Locations: London, Britain, Europe, United Kingdom, United States, India, Luton, Iceland, Greece
Total: 25