Twitter leans toward NYSE September 24, 2013 TWITTER is leaning towards picking the New York Stock Exchange over Nasdaq for its highly-anticipated initial public offering, a person familiar with the matter said yesterday. A report earlier said Twitter had already chosen the NYSE, but sources close to the exchanges believe Twitter is yet to make its mind up. Big Board parent NYSE [...]
New York Report: Wall St slides as poor results hit sentiment November 7, 2013 FRENZIED buying in Twitter shares grabbed Wall Street’s attention yesterday, as the social media stock surged well above expectations, while major indexes fell, with the S&P 500 suffering its worst daily decline since August. The broader market was hurt by weak earnings from Whole Foods and Qualcomm. The tech-heavy Nasdaq index recorded its biggest daily [...]
Apax Partners picks co-leaders after chief quits December 5, 2013 APAX, the private equity firm behind fashion chain New Look, yesterday handed the keys of the company to two rising stars, part of a new breed of young executives leading buyout houses across Europe. Andrew Sillitoe, 41, and Mitch Truwit, 44, have been named co-chief executive officers, taking over from Apax co-founder Martin Halusa who [...]
Barclays sued for dark pool securities fraud: What is a dark pool? June 26, 2014 Barclays in the US is being sued for fraudulent behaviour, following a complaint filed by New York attorney general Eric Schneiderman. He claimed that the bank had misrepresented the participants of its dark pool, leaving institutional investors exposed to high frequency trading “predators”. A dark pool is a covert trading location where all trades are anonymous [...]
Empire State shares climb in market debut October 2, 2013 SHARES of Empire State Realty Trust, owner of the Empire State Building, climbed in their first day of trading yesterday as investors bet the marquee property will be able to attract more tenants as New York’s technology sector continues to grow. The shares, which were initially sold late Tuesday at $13 a piece, rose as [...]
What the other papers say this morning – 16 June 2014 June 16, 2014 FINANCIAL TIMES GSK spin-off set for possible listing A British biotech company spun out of GlaxoSmithKline is gearing up for a possible stock market flotation after strong trial results for a new painkiller. Convergence Pharmaceuticals was set up in 2010 as part of a restructuring of GSK’s research and development operations. The UK’s biggest drugmaker [...]
What you need to know before the open – 08/11 November 8, 2013 Losses in both the US and Asia, after Twitter's strong debut onto the New York Stock Exchange sparked fears of a brewing tech bubble, will see the FTSE100 open -35pts at 6660, says Mike van Dulken, head of research at Accendo Markets. Morning call: we are calling the #FTSE +7 at 6753. — DavidMadden_IG (@DavidMadden_IG) November [...]
New York Report: Bernanke pulls Wall St lower with dim view October 30, 2013 US STOCKS fell yesterday, with the S&P 500 snapping a four-day streak of gains after the Federal Reserve said it had a weaker growth outlook for the economy, even as it held steady with its stimulus programme for the time being. Trading was volatile following the release of the statement, with the major US stock [...]
Markit chooses New York for its $5bn stock market listing May 6, 2014 FINANCIAL data provider Markit yesterday unveiled plans for a US stock market listing that would value the firm at $5bn (£3bn), confirming that it will spurn the London Stock Exchange in favour of the United States. Markit, which was founded by former bond trader Lance Uggla from his garden shed in St Albans in 2003, [...]
FTSE chairman Gareth Davis tells us why he’s in no rush to retire March 17, 2014 Serial chairman and former tobacco boss Gareth Davis tells Elizabeth Fournier how he juggles three FTSE-listed firms THE ROLE of a company chairman is a tricky one. As head of the board, a good chair is expected to lead from the front; hiring, firing and managing its members, while keeping one eye on governance and [...]