Posts filtered by tags: Nomura[x]


 

Morning Coffee: How could Andrea Orcel let this happen? The most dysfunctional relationship between an analyst and an MD

Early in the year, we already have a candidate for the craziest job move of 2019.  Andrea Orcel’s move from Head of Investment Banking at UBS to CEO-designate of Santander is off. How can this be? Well, according to the early news reports, Orcel and Santander had both presumed that he would get some sort of “good leaver” status with respect to his enormous accrued deferred pay. This presumption was based on the fact that Santander doesn’t compete directly with UBS and has been a very good invest...
Tags: Europe, UK, Job Market, Bloomberg, Analysis, Paris, Credit Suisse, Insight, Ubs, Merrill Lynch, Jp Morgan, Deutsche Bank, Tidjane Thiam, Santander, Sarah, Citi


Nomura adds former Goldman Sachs MD to bolster sales team

Nomura has made another big-name U.S. hire.
Tags: Analysis, Insight, Nomura, News &, Goldman Sachs MD


L’Occitane to buy ELEMIS for $900 mln

L’Occitane International SA said Jan. 13 that it agreed to buy ELEMIS for $900 million. ELEMIS is owned by Steiner Leisure Ltd, a portfolio company of L Catterton. ELEMIS is a British skincare brand. Jefferies and Nomura provided financial advice to ELEMIS, and Kirkland & Ellis served as legal adviser. PRESS RELEASE Geneva and Paris and London and New York – January 13, 2019 – L’Occitane International S.A. (“L’OCCITANE” or the “Group”; SEHK stock code: 973), the leading manufacturer and retailer...
Tags: New York, London, Trends, Paris, M&a, Geneva, Group, Jefferies, Qvc, Kirkland Ellis, Nomura, Elemis, Catterton, l'Occitane, Alcone, Groupe Arnault


SoftBank spent $900 million in investment banking fees in 2018. The only entity it lagged — the People's Republic of China.

SoftBank spent $900 million in investment banking fees in 2018, more than any company in at least a decade. The People's Republic of China is the only entity to outspend the Japanese tech conglomerate. SoftBank has primarily paid fees to investment bankers to raise capital, but it also executed many high profile investments in companies like WeWork and Cruise Automation. If you didn't have SoftBank as an investment banking client in 2018, you missed out on one of the most massive and lucrativ...
Tags: China, Softbank, Trends, Alibaba, Gm, Citigroup, Deutsche Bank, Silicon Valley, Goldman Sachs, WeWork, Goldman, Coupang, Bayer, Nomura, Republic of China, Masayoshi Son


A small number of banks profited from a SoftBank dealmaking bonanza in 2018 — one of the most lucrative fee opportunities in modern history

SoftBank spent $900 million in investment banking fees in 2018, more than any company in at least a decade. The People's Republic of China is the only entity to outspend the Japanese tech conglomerate. SoftBank has primarily paid fees to investment bankers to raise capital, but it also executed many high profile investments in companies like WeWork and Cruise Automation. If you didn't have SoftBank as an investment banking client in 2018, you missed out on one of the most massive and lucrativ...
Tags: China, Softbank, Trends, Alibaba, Gm, Citigroup, Deutsche Bank, Silicon Valley, Goldman Sachs, WeWork, Goldman, Coupang, Bayer, Nomura, Republic of China, Masayoshi Son


Top Analysts Cut Spotify [NYSE: SPOT] Stock Price Target, See Rough Ride Ahead

Four top stock analysts have shifted to a bearish outlook for Spotify (NYSE: SPOT). Monday, Guggenheim, Deutsche Bank, Stifel and Nomura reset their target prices to $120, $135, $170 and $188 respectively. All are above Spotify's current $119.36 price at close of market Monday. Spotify made its market debut last April with a reference price of $132 per share.  Most analysts still remain bullish, however, with 16 of 22 rating it "buy" or "strong buy." ' But even the most optimistic...
Tags: Spotify, Music, Bruce Houghton, Nomura, Guggenheim Deutsche Bank Stifel


This stark chart shows how much Apple stands to lose from Netflix dumping iTunes billing (AAPL)

Apple stands to lose a substantial amount of revenue after Netflix dumped iTunes billing. Netflix is currently the highest grossing app on the App Store and has to hand Apple up to 30% of user subscriptions billed through iTunes. The streaming giant will force new and lapsed users to pay through its website rather than iTunes. A chart from analysts at Nomura shows what happened to Apple when Spotify pulled the same trick in 2016. Apple has had a rough time over the festive period. In late Dec...
Tags: Apple, Spotify, China, US, Trends, Nasa, Netflix, App Store, Aapl, Nomura, Sensortower, Instinet, Apple Music Business Insider


Apple losses trigger a plunge in US markets

Bad news from Apple and signs of slowing international and domestic growth sent stocks tumbling in Thursday trading on all of the major markets. Investors erased some $75 billion in value from Apple alone… an amount known technically as a shit ton of money. But stocks were down broadly based on Apple’s news, with the Nasdaq falling 3 percent, or roughly 202.44 points, and the Dow Jones Industrial Average plummeting 660.02 points, or roughly 2.8 percent. Apple halted trading of its stock yesterd...
Tags: Iphone, Apple, Ios, TC, Hong Kong, Technology, China, Russia, India, US, Tech, Bloomberg, Turkey, Smartphones, Itunes, United States


'Apple's darkest day in the iPhone era': Here's what Wall Street is saying about Apple's bombshell sales warning (AAPL)

In its first sales warning in more than a decade, Apple on Wednesday said its revenue would be as much as $9 billion lower than originally anticipated in the first quarter of its 2019 financial year. Wall Street analysts responded by almost universally reducing price targets. Some said Apple's issues were worse than feared, while others said it exposed serious structural issues at the company. Apple gave Wall Street a nasty surprise on Wednesday when it issued its first sales warning in more...
Tags: Apple, Cook, China, US, Trends, Intel, Tim Cook, Goldman Sachs, Morgan Stanley, Goldman, Broadcom, Aapl, Citi, Trump, Morgan Stanley China, Wedbush


'Apple's darkest day in the iPhone era': Here's what Wall Street is saying about Apple's bombshell profit warning (AAPL)

In its first profit warning in more than a decade on Wednesday, Apple said its revenue will be up to $9 billion lower than originally anticipated in the first quarter of its 2019 financial year. Wall Street analysts responded by almost universally reducing price targets. Some said Apple's issues were worse than feared, while others said it exposes serious structural issues at the company. Apple gave Wall Street a nasty surprise on Wednesday when it issued its first profit warning in more tha...
Tags: Apple, China, US, Trends, Intel, Tim Cook, Goldman Sachs, Morgan Stanley, Goldman, Broadcom, Citi, Trump, Morgan Stanley China, Wedbush, Nomura, Ives


Amazon jumps following report it's planning to expand Whole Foods across the US (AMZN)

Amazon rose early Monday after a report said it was planning to open more Whole Foods stores across the US to place more customers within range of Prime Now's two-hour delivery service. The report did not detail exactly how many Whole Foods stores Amazon was planning to open and expand. Watch Amazon trade live. Amazon rose more than 2% early Monday, to more than $1,509 a share, after a report said it planned to open more Whole Foods locations across the United States. The push would place...
Tags: Amazon, Utah, UK, Whole Foods, US, Trends, United States, Wyoming, Idaho, Wall Street Journal, Journal, Blackrock, Nomura, US Canada, Watch Amazon


Japan's Nomura aims for increased deal-related business in U.S. push: CEO

Nomura Holdings Inc aims to increase its share of business arranging foreign exchange hedging, acquisition finance and other deal-related services for corporate clients in the United States, the CEO of Japan's biggest investment bank said.
Tags: Japan, Money, businessNews, United States, Nomura, Nomura Holdings Inc


Pamplona Capital buys controlling stake in Latham Pool Products

Pamplona Capital Management said Dec. 19 that it acquired a controlling stake in Latham Pool Products. The deal values Latham at $375 million. Wynnchurch Capital, the seller, will retain a stake. Latham, of Latham, New York, makes pool components and accessories in North America. PRESS RELEASE NEW YORK, December 19, 2018 /PRNewswire/ — Pamplona Capital Management (“Pamplona”), is pleased to announce that it has acquired a controlling interest in Latham Pool Products, Inc. (“Latham” or “the Compa...
Tags: New York, California, Trends, Chicago, Canada, United States, North America, Pamplona, Company, Scott, Nomura, Latham, William Blair, Moelis, Chris O Brien, Goodwin Procter LLP


One of the most anticipated games of the decade has leaked over a month early, and outraged fans are trying to punish the person they think did it (DIS)

"Kingdom Hearts 3" is due out on January 25, but physical copies of the game have already appeared on Facebook Marketplace — more than a month early. Fans have been waiting for more than 13 years for a true sequel to "Kingdom Hearts 2," and some are worried about spoilers hitting the internet before the game's official release. To quell the leak, angry fans have identified a suspect in the leak, reported him to law enforcement, and posted what appears to be his personal information on social m...
Tags: Disney, Trends, Walmart, Nasa, North Carolina, Square Enix, Kingdom Hearts, Nomura, Gastonia North Carolina, Tetsuya Nomura, Facebook Marketplace, Donald Duck Goofy


One of the most anticipated games of the decade has leaked over a month early, and outraged fans have tracked down the alleged leaker (DIS)

"Kingdom Hearts 3" is due out on January 25th, 2019 — but physical copies of the game already appeared on Facebook Marketplace more than a month early. Fans have been waiting for more than 13 years for a true sequel to "Kingdom Hearts 2" and are worried about spoilers hitting the internet before the game's official release. In order to quell the leak, angry fans have reported the alleged leaker to law enforcement, and posted what appears to be his personal information on social media. "Kingdom...
Tags: Singapore, Disney, Trends, North Carolina, Square Enix, Kingdom Hearts, Wal Mart, Nomura, Gastonia North Carolina, Tetsuya Nomura, Facebook Marketplace, Donald Duck Goofy


Morning Coffee: The best job in finance turns out to be a facade. Ominous utterances at Nomura

One of the most aspirational jobs in finance is not what it seems.
Tags: Job Market, Analysis, Insight, Nomura, News &


Apple fans are betting the booming 'services' business will take the sting out of an iPhone slowdown — here's why they might get a painful surprise (AAPL)

Apple's stock has fallen sharply since the beginning of the month due to concerns over weak iPhone sales. The company and its fans insist the "services" will provide the next leg of growth. But Jeffrey Kvaal, an analyst at Nomura, cast doubt on that argument in a new research note. Apple's services business faces multiple challenges and could be hurt by declining iPhone sales, he said. Apple's services business may not rescue it or its stock from declining iPhone sales.  In fact, a drop in ph...
Tags: Apple, Google, Microsoft, China, Disney, Trends, Netflix, Cbs, App Store, Foxconn, Apple Music, US supreme court, Aapl, Don, Nomura, Netflix Amazon Prime Video Hulu


Senior technologist who left Nomura finds better job at a fintech

Why be part of the technology hierarchy in a bank when you could be CTO in a fintech?
Tags: Job Market, Analysis, Insight, Cto, Nomura, News &, IT in Finance


Nomura’s Fred Jallot said to be joining Jefferies in London

Jallot has apparently got a big new job.
Tags: London, Job Market, Analysis, Insight, Jefferies, Nomura, News &, Fred Jallot, Jallot


Global finance giants pick NZ rates and dollar to rise

Enjoy the mortgage war while it lasts.Global finance giants Goldman Sachs and Nomura aren't buying in to the business gloom and both say rates will rise sooner than most local forecasts indicate.US investment bank Goldman Sachs... [Author: [email protected]]
Tags: Business, US, Goldman Sachs, Nomura


$9.95 billion Dropbox beats Wall Street expectations, but analysts still aren't sure if it can crack the enterprise space (DBX)

Dropbox posted $360.3 million in revenue in the third quarter. That beat Wall Street's forecasts, but analysts' expectations were low. Dropbox has been trying to break into the enterprise space, but investors and analysts see that as a big challenge, since its service was originally targeted at consumers. The company's share price has been beaten up in recent months as its growth has slowed. Dropbox staved off its doubters on Thursday — at least for the time being. The file-hosting company r...
Tags: Google, Drew Houston, Ipo, Trends, Dropbox, Philadelphia, Arpu, Nomura, Eberle, Christopher Eberle, Dropbox Business


Apple will no longer report iPhone numbers after growth went to 0%, and analysts are now worried iPhone sales may decline (AAPL)

Apple says it will no longer report iPhone sales numbers. The move can only be interpreted negatively. "Some people may fear that this now means that the iPhone units are going to start going negative year over year because it's easier to talk about great things and not show the details of things that aren't so great," the Citi analyst Jim Suva said. Global data shows smartphone sales declining, and CEO Tim Cook has previously said he is comfortable with that. Apple announced Thursday night t...
Tags: Apple, New York, Cook, Global, Trends, Ben Thompson, Tim Cook, Cupertino, Financial Times, Guggenheim, Aapl, Citi, Macquarie, Wedbush, Nomura, Suva


There's new evidence that fewer people are signing up for Amazon Prime as the membership has gotten more expensive (AMZN)

There's new evidence buried in Amazon's latest earnings report that fewer people are signing up for Prime. Amazon raised the price of a Prime membership earlier this year, to $12.99 a month or $119 a year.  The way Amazon accounts for revenue from Prime subscription fees in its earnings has changed this year, which provides a look at how Prime membership has slowed down, according to analysts at Normura. Decelerating Prime growth is something to watch, as the membership is highly valuable to t...
Tags: Amazon, US, Trends, Amazon Prime, United States, Nomura, Prime Amazon, AMZN, CIRP, Josh Lowitz, Brian Olsavsky, Consumer Intelligence Research Partners Amazon, Normura, Normura Decelerating Prime, Consumer Intelligence Research Partners Prime


Nifty, Sensex hit lowest close since April

Indian shares ended lower on Tuesday, sinking further in the last hour of trade, as oil marketing companies dragged following a rating downgrade by brokerage Nomura, but macro concerns played on overall sentiment.
Tags: Money, businessNews, Nomura


Nifty, Sensex fall; Oil marketing companies drag on rating downgrade

Indian shares fell for the fourth consecutive session on Tuesday, pulled down by oil marketing companies following a rating downgrade by brokerage Nomura, as investors remained jittery over macro concerns.
Tags: Money, businessNews, Nomura, Nifty Sensex


10 things in tech you need to know today

Good morning! This is the tech news you need to know this Monday. Twitter fired an employee in 2015 who was a suspected mole for a Saudi Arabian spying operation. The employee had reportedly been persuaded to spy on dissident accounts. Facebook reportedly wants to buy a cybersecurity company in the wake of its security breach. A deal could be announced before the end of the year. British lawmakers discovered a dark advertising campaign on Facebook, in which Brits were encouraged to lobby again...
Tags: Google, Facebook, Europe, Spacex, Elon Musk, UK, Los Angeles, Trends, Tesla, Eu, Britain, Theresa May, Nick Clegg, Juul, Alexa, Nomura


Japanese bank Nomura to pay $480M for role in housing crisis

NEW YORK (AP) — Japanese bank Nomura is agreeing to pay $480 million to U.S. authorities for its alleged role in the housing market bubble and the subsequent 2008 financial crisis.The Justice Department alleges Nomura defrauded... [Author: [email protected]nzherald.co.nz]
Tags: Business, New York, Ap, Justice Department, Nomura


Online dating could be worth $12 billion — and it's all thanks to Tinder, analyst says (MTCH)

Match Group is rallying Friday after a Wall Street analyst launched coverage with a bullish price target of $66 — 28% above where shares settled Thursday. Nomura Instinet says the online-dating sector could be worth $12 billion by 2020.  Nomura says it's worried about Facebook's foray into dating either, and says Match keeps competition at bay by buying out competitors, like its Hinge acquisition this summer.  Follow Match Group's stock price in real-time here Wall Street thinks online dating...
Tags: Facebook, Wall Street, China, US, Trends, Gold, Colombia, Match, Match Group, Kelly, Nomura, Kelley, MTCH, Nomura Instinet, Mark Kelley, Follow Match Group