Jefferies confident of HG future despite Tullow, GSK

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MARKET NEWS

Jefferies confident of HG future despite Tullow, GSK

Issue: 1240 - 3 February 2012

Bankers at Jefferies International expect to lose a small number of UK corporate brokerships as the firm’s acquisition this week of Hoare Govett from Royal Bank of Scotland beds down. But the longer term outlook for the broker is positive, they say, as mid-caps could find themselves less well served by bulge bracket firms. ..

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