Cable’s power grab threat to share listings September 15, 2010 LONDON’S competitiveness as an attractive company listing destination is in danger of being jeopardised by political gesturing between business secretary Vince Cable and the Treasury, one of the UK’s most senior investment bankers has warned. Sir Laurie Magnus, who was yesterday appointed chairman of Lexicon Partners, said plans to separate the regulation of primary and [...]
CNBC’s Maria Bartiromo shares the secrets of her long-running success March 1, 2011 I LOVE this city!” Maria Bartiromo waves her arm, indicating not just the art deco luxury of Claridge’s, where we meet over breakfast, but London in its teeming, cosmopolitan entirety. “Chic, sophisticated… great for business. I feel jazzed to be here. I grab the chance to come.” Bartiromo is a long-time New Yorker, famous for [...]
Mystery bidder makes Chi-X approach August 24, 2010 A MYSTERY bidder has made an approach for London Stock Exchange (LSE) rival Chi-X, sending the market rumour-mill into overdrive. Chi-X released a statement admitting an enquiry has been received but would not be drawn on who the bidder was. Pan-European stock market BATS was touted as a potential suitor yesterday. The firm declined to [...]
Investors: You have nothing to lose but your premiums October 27, 2010 BACK in 2002, covered warrants were launched on the London Stock Exchange with grand fanfare. And nobody cared. The products turned out to be something of a flop, with only £886,000 changing hands in the first week of trading. There is nothing intrinsically bad about covered warrants, however. In fact, they are quite remarkable – [...]
Investors: You have nothing to lose but your premiums October 27, 2010 BACK in 2002, covered warrants were launched on the London Stock Exchange with grand fanfare. And nobody cared. The products turned out to be something of a flop, with only £886,000 changing hands in the first week of trading. There is nothing intrinsically bad about covered warrants, however. In fact, they are quite remarkable – [...]
WHAT THE OTHER PAPERS SAY THIS MORNING September 12, 2010 FINANCIAL TIMES RESPITE OVER CITY BONUSES DETAILS Britain’s banks will be spared the embarrassment of giving details of big bonus payments to staff in their annual reports next spring after the Treasury admitted the relevant legislation will not be on the statute book in time. The delay to new disclosure requirements is likely to create [...]
IRISH BOW OUT OF POWERSCOURT BASH AS DUBLIN FENDS OFF EU AID November 16, 2010 CITY comunications advisory Powerscourt last night held its annual bash in Paramount, the 31st-floor bar of Centrepoint, but there were a few old favourites missing from the crowd. CEO Rory Godson, originally from Ireland, said he could only pass on his apologies from his Irish chums: “Our friends in Dublin have stayed at home to [...]
SDL bullish for rest of 2010 August 3, 2010 Translation software firm SDL yesterday posted a 13 per cent increase in first-half revenue and a nine per cent rise in profit. SDL said the growth came thanks to a recovery in demand from its major multinational customers. In a statement to the London Stock Exchange, the company said it is confident about the rest [...]
Danish provider of UK public services plots £1.5bn listing February 17, 2011 DANISH outsourcer ISS, one of Britain’s largest providers of public sector services, said yesterday it expected to raise $2.4bn (£1.5bn) with an initial public offering (IPO). The firm, which counts hospital catering staff and cleaners amongst the 41,000 people it employs in Britain, is considering a Copenhagen listing in one of the biggest stock market [...]
EFG-Hermes plays down stake in its subsidiary held by Gamal Mubarak February 14, 2011 EGYPTIAN investment bank EFG-Hermes has said that Gamal Mubarak’s stake in the bank was limited to an 18 per cent holding in a subsidiary, EFG Private Equity. Last week opposition Wafd newspaper said Gamal, son of ousted President Hosni Mubarak, had extensive holdings in the investment bank through foreign investment funds. “EFG-Hermes Financial Group Holding [...]