AIR ASIA CONSIDERS LONDON IPO June 20, 2010 AIRASIA is weighing its options of a $1bn (£674m) London Stock Exchange listing next year when the company floats its long haul business, AirAsia X. The group’s chief executive, Tony Fernandes (pictured), said the airline would initially list in Malaysia, but that it was considering a secondary listing in either London or New York. AirAsia [...]
Kirsh ruled out of bid talks with Minerva January 16, 2011 LONDON property developer Minerva revealed it is holding preliminary takeover talks with an unnamed potential buyer, which has already propelled its shares upwards and is set to do the same this morning. The identity of the predator remained a mystery yesterday, with Minerva’s advisers remaining tight-lipped about the ongoing talks. However, industry sources ruled out [...]
Kirsh ruled out of bid talks with Minerva January 16, 2011 LONDON property developer Minerva revealed it is holding preliminary takeover talks with an unnamed potential buyer, which has already propelled its shares upwards and is set to do the same this morning. The identity of the predator remained a mystery yesterday, with Minerva’s advisers remaining tight-lipped about the ongoing talks. However, industry sources ruled out [...]
Meet the CEO of the most important City firm you have never heard of October 24, 2010 As he saunters into his office in the City, Tim Howell, the chief executive of European settlement house Euroclear, looks cool and collected. He certainly doesn’t look like a man caught in the most classic of all business squeezes – with clients wanting him to improve his services while being adamant they should pay less [...]
Royal Mail will receive cash boost June 22, 2010 George Osborne yesterday announced the government will seek a cash injection for the Royal Mail Group. The chancellor said he would press ahead with “long overdue” plans to attract private investment in the flagging institution. However, the announcement fell short of some predictions that the national postal service would be floated on the London Stock [...]
Getting a grip on listed products August 25, 2010 TOO much choice can be a problem for investors these days. Online consumer champion Which? singled out structured products as being some of the most confusing instruments on offer and was particularly unhappy about their lack of transparency, particularly when it comes to counterparty risk. The UK Structured Products Association hit back at the research [...]
LSE cash equity trading slumps as bonds soar July 7, 2010 ACTIVITY on the London Stock Exchange’s UK cash equity order book slumped in June, though the fall was offset by Europe’s sovereign debt crisis driving volatility and a heightened interest in bond trading. The average daily value of cash equities traded in June was £4.3bn, down one per cent from June last year, while the [...]
Rothschild’s Vallar in £600m listing plan June 25, 2010 New mining investment firm Vallar Plc 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 and James Campbell, plans to start with one major acquisition and eventually build up a mid-tier mining [...]
CITY MOVES | WHO’S SWITCHING JOBS June 27, 2010 Simmons & Simmons The law firm has hired Jonathan Marsh as a partner in its non-contentious financial services regulatory practice. Marsh joins the firm from Berwin Leighton Paisner, where he was a partner specialising in financial services from 2006. He has also worked at Hunton & Williams, Hammonds, Sempra Metals and Linklaters in the last [...]
CITY MOVES | WHO’S SWITCHING JOBS June 27, 2010 Simmons & Simmons The law firm has hired Jonathan Marsh as a partner in its non-contentious financial services regulatory practice. Marsh joins the firm from Berwin Leighton Paisner, where he was a partner specialising in financial services from 2006. He has also worked at Hunton & Williams, Hammonds, Sempra Metals and Linklaters in the last [...]