Jupiter shares up after flotation June 21, 2010 FUND manager Jupiter returned to the London stock exchange – to debut 15 per cent over the price set in an initial public offer (IPO). Jupiter raised £220m to pay off debt and secured a £33.5m windfall for selling shareholders in its IPO, which priced at 165p pence. The shares were changing hands at around [...]
Jupiter shares up after flotation June 21, 2010 FUND manager Jupiter returned to the London stock exchange – to debut 15 per cent over the price set in an initial public offer (IPO). Jupiter raised £220m to pay off debt and secured a £33.5m windfall for selling shareholders in its IPO, which priced at 165p pence. The shares were changing hands at around [...]
LSE’s Indian adventure gives hope for future July 28, 2010 Stock exchanges continue to be a hot topic for debate both in the City and the wider global markets. Global equity issuance may be at its lowest point since 2005, with just $309bn (£198.2bn) raised in the first half of 2010 as sovereign debt fears weighed heavy, but interest in market developments and competition remains [...]
LSE boss slams regulation July 14, 2010 LONDON Stock Exchange chief executive Xavier Rolet yesterday warned that uncertainties over the regulatory environment are crippling the City. “It is almost inhumane, the level of regulatory uncertainty financial services businesses are facing today,” Rolet told City A.M., adding that getting to grips with the ever-changing regulatory landscape “goes beyond the abilities of any rational [...]
FINANCE BOSS SAYS SORRY FOR HITLER GAG August 18, 2010 AN UPDATE on the saga of Stephen Schwarzman, the Blackstone Group chief executive who ruffled a feather or two recently by comparing the plight of the private equity industry to the Second World War. The ever-outspoken Schwarzman, peeved at the ongoing battle between US politicians and the sector over increasing its tax burden, claimed: “It’s [...]
Indian oil giant mulls £1bn float July 19, 2010 JUBILANT Energy, an Indian-based oil and gas exploration company, is considering a flotation on the London Stock Exchange, according to City sources. City stockbroker Evolution Securities, assisted by Renaissance Capital, is testing out the appetite for a money-raising in London, say the sources.? A spokesman for Evolution told City A.M. “Clearly it has been looking [...]
Indian oil giant mulls £1bn float July 19, 2010 JUBILANT Energy, an Indian-based oil and gas exploration company, is considering a flotation on the London Stock Exchange, according to City sources. City stockbroker Evolution Securities, assisted by Renaissance Capital, is testing out the appetite for a money-raising in London, say the sources.? A spokesman for Evolution told City A.M. “Clearly it has been looking [...]
Origo raises another $30m June 13, 2010 Origo Partners, the private equity investment and consulting practice focused on economic growth opportunities in China and India, has raised $30m before commissions and expenses through a share placing. The firm placed 82.2m new shares with investors for 25p per share. The stock is expected to be admitted for trading on the London Stock Exchange’s [...]
LISTED PRODUCT NEWS July 14, 2010 HSBC WELCOMES NEW BRAZIL ETF The global investment bank has decided to increase its suite of ETFs and now offers one that tracks the Brazilian stock index. This is the first BRIC ETF launched by HSBC. However, it plans to increase its range further to include the other emerging powerhouses in coming months. The fund [...]
LISTED PRODUCT NEWS July 14, 2010 HSBC WELCOMES NEW BRAZIL ETF The global investment bank has decided to increase its suite of ETFs and now offers one that tracks the Brazilian stock index. This is the first BRIC ETF launched by HSBC. However, it plans to increase its range further to include the other emerging powerhouses in coming months. The fund [...]