Liberum profits buoyed after new client wins July 27, 2010 LIBERUM Capital saw revenues surge in the first half of the year as the boutique investment bank landed its first major mandates advising companies joining the full list of the London Stock Exchange. Earlier this month, Liberum acted as co-manager to Vallar, the cash shell set up by financier Nat Rothschild, on its admission to [...]
PartyGaming and Bwin set to join forces July 29, 2010 BRITAIN’S PartyGaming and Austria’s bwin unveiled a deal yesterday to create a £2.1bn online gaming business, positioning them to profit from any forthcoming deregulation in the lucrative US market. The deal to create the world’s biggest listed online gaming company could kickstart a flurry of M&A activity in a fragmented sector that is seen as [...]
RSA shares jump after dividend is hiked August 5, 2010 RSA INSURANCE Group yesterday raised its mid-year dividend, predicting further sales growth in the coming months and shrugging off flat first half profit dented by the cost of Chile’s earthquake and bad weather in Europe. “In terms of top line, we expect the UK to remain in positive territory for the remainder of 2010; international [...]
MARKET NEWS August 4, 2010 SOCGEN OFFERS NINE NEW WARRANTS This week saw the launch of nine new covered warrants from Societe Generale. Four are cocoa call warrants; the rest are divided between two dollar-Swiss franc put warrants that expire in December and three copper put warrants. Meanwhile, RBS Markets has launched two new products: one is the UK Accelerated [...]
LSE revenues up one per cent July 14, 2010 THE London Stock Exchange’s revenues rose by one percent in the first quarter of its financial year, reflecting mixed market conditions. “Reflecting the breadth of the group’s activities, performance has been resilient in what have been mixed market conditions,” chief executive Xavier Rolet said in a statement. The LSE said it expects conditions to remain [...]
NAT ROTHSCHILD MINING FOR MONEY June 27, 2010 NEW mining investment firm Vallar has unveiled plans to list on the London Stock Exchange and raise £600m to take advantage of acquisition opportunities in the sector. The firm, led by finance and mining veterans Nathaniel Rothschild (pictured) and James Campbell, plans to start with one major acquisition and eventually build up a mid-tier mining [...]
NAT ROTHSCHILD MINING FOR MONEY June 27, 2010 NEW mining investment firm Vallar has unveiled plans to list on the London Stock Exchange and raise £600m to take advantage of acquisition opportunities in the sector. The firm, led by finance and mining veterans Nathaniel Rothschild (pictured) and James Campbell, plans to start with one major acquisition and eventually build up a mid-tier mining [...]
Net inflows give a boost to Aberdeen July 26, 2010 ABERDEEN Asset Management saw assets under management dip over the third quarter of its financial year due to weakness of the global markets, though investors found reason to cheer in a robust flow of new business into the firm. Aberdeen said assets under management stood at £164.7bn at the end of June, 3.6 per cent [...]
Net inflows give a boost to Aberdeen July 26, 2010 ABERDEEN Asset Management saw assets under management dip over the third quarter of its financial year due to weakness of the global markets, though investors found reason to cheer in a robust flow of new business into the firm. Aberdeen said assets under management stood at £164.7bn at the end of June, 3.6 per cent [...]
INVESTMENT BANK OF THE YEAR August 31, 2010 THE story of the last year for investment banks has been recovery. While the rest of the economy has remained sluggish the smartest bankers have bounced back and returned to profit – sometimes spectacularly so. Still, things will never be the same. A re-ordering of the banking world is ongoing, and our list reflects this. [...]