Few cheers for physical base metal products from analysts October 27, 2010 THIS year’s annual London Metal Exchange (LME) week was abuzz with the news that physical exchange-traded commodities (ETC) for base metals are going to see the light of day. After plenty of speculation in both the press and the markets, ETF Securities confirmed what many had assumed and announced that it was preparing to launch [...]
WHAT THE OTHER PAPERS SAY THIS MORNING May 17, 2011 FINANCIAL TIMES FED SEEKS ANNUAL US BANK STRESS TESTS The Federal Reserve wants to subject US banks to annual capital tests, reserving the right to veto dividend pay-outs if they do not pass. A draft of the new rule is set to be approved by the Federal Reserve Board and put out for public comment [...]
Drug IT group to float October 10, 2010 A SUPPLIER of safety assessment software to drug development companies is raising £9.15million on London’s junior stock market to help it hit the acquisition trail. Instem Life Science Systems, whose customers include GlaxoSmithKline and Astrazeneca, is placing 5,228,376 shares at 175p each on AIM, giving it a market capitalisation of £20.5m. The Staffordshire-based company, whose flagship [...]
Drug IT group to float October 10, 2010 A SUPPLIER of safety assessment software to drug development companies is raising £9.15million on London’s junior stock market to help it hit the acquisition trail. Instem Life Science Systems, whose customers include GlaxoSmithKline and Astrazeneca, is placing 5,228,376 shares at 175p each on AIM, giving it a market capitalisation of £20.5m. The Staffordshire-based company, whose flagship [...]
Chase tipped for Glencore March 6, 2011 GLENCORE is narrowing down its prospective list of candidates for a chairman to replace Willy Stothotte as it prepares for an initial public offering (IPO), with outgoing Petrofac chairman Rodney Chase seen as the favourite to head the commodities trader. Glencore is getting ready for an IPO that could be worth as much as $60bn (£37bn), [...]
Aim needs UK companies to aid recovery October 17, 2010 THE ALTERNATIVE Investment Market (Aim) is showing signs of a revival, but the junior market needs to attract more UK-based firms to support this return to growth, according to research out today. The market has raised £2.8bn in the first eight months of 2010, said business advisory firm PricewaterhouseCoopers (PwC) in a report released today, [...]
Aim needs UK companies to aid recovery October 17, 2010 THE ALTERNATIVE Investment Market (Aim) is showing signs of a revival, but the junior market needs to attract more UK-based firms to support this return to growth, according to research out today. The market has raised £2.8bn in the first eight months of 2010, said business advisory firm PricewaterhouseCoopers (PwC) in a report released today, [...]
LISTED PRODUCT NEWS September 22, 2010 BLACKROCK’S ISHARES OFFERS NEW ETFS The Exchange Traded Funds (ETF) platform of BlackRock, iShares has launched a new swap-based product platform, which gives exposure to India and Russia. This development is in response to the growing appetite for exposure to difficult to access markets. The first products to roll off the platform and list on [...]
D. Boerse and NYSE Euronext confirm mega-merger February 15, 2011 Deutsche Boerse is to take over NYSE Euronext to create the world’s largest exchange operator, the two companies have confirmed. Though presented as a merger, the deal, which values NYSE at about $10.2bn (£6.36bn), is effectively a takeover. Deutsche Boerse shareholders will own 60 per cent of the new company and 10 of 17 board [...]
Russian telecoms giant Euroset plans to raise £600m through London flotation March 22, 2011 RUSSIAN telecoms giant Euroset plans to raise up to $1bn (£600m) through a London initial public offering (IPO) later this year. The firm, which is part-owned by Russian telecoms group Vimpelcom, said billionaire Russian businessman Alexander Mamut will sell down his 50.1 per cent controlling stake, as well as offering ordinary shares in the form [...]