Don’t leave it all to the taxman: seven easy ways to lower IHT bills February 2, 2011 WHO do you want to leave your worldly wealth to when you pop your clogs? Your nearest and dearest? A furry friend? Charity? Unsurprisingly, the nation’s favourite beneficiaries are the ones closest to our hearts, with 87 per cent wanting their assets to go to family, according to Unbiased.co.uk, the financial advice website. Still, nearly [...]
Apax close to buying ISS for up to $8.5bn December 8, 2010 LONDON-based private equity group Apax Partners has won exclusive talks to buy cleaning giant ISS for up to $8.5bn (£5.3bn), sources close to the companies confirmed yesterday, in what could be the biggest buyout in Europe since the credit crisis. Apax has several months to thrash out a deal with current owners Goldman Sachs and [...]
There’s an ETC for your every need July 14, 2010 FANCY investing in emerging market equities, hedge fund performance or copper? If so, then there’s almost certainly an exchange-traded product (ETP) for that. For ETPs are rather similar to the ubiquitous smartphone application: they are cutting-edge, give users fast, simplified exposure to investments and providers can quickly launch in response to user demand. And as [...]
There’s an ETC for your every need July 14, 2010 FANCY investing in emerging market equities, hedge fund performance or copper? If so, then there’s almost certainly an exchange-traded product (ETP) for that. For ETPs are rather similar to the ubiquitous smartphone application: they are cutting-edge, give users fast, simplified exposure to investments and providers can quickly launch in response to user demand. And as [...]
Ferrous pulls London float June 2, 2010 BRAZILIAN iron ore firm Ferrous Resources yesterday postponed a planned listing in London that would have raised up to $400m (£273m) in one of the biggest flotations this year. “We have taken the difficult decision to postpone the initial public offering (IPO) as a result of the considerable volatility in the equity markets,” executive chairman [...]
Xcite Energy sets up share rights plan November 30, 2010 NORTH sea oilfield developer Xcite Energy yesterday revealed a defensive shareholder rights plan to ensure existing company owners can repel a hostile takeover bid if needed. The plan allows existing shareholders to buy new Xcite shares equal to the amount they already own at a substantial discount if another party tries to acquire 20 per [...]
Ocado offers top shoppers share chance June 7, 2010 ONLINE supermarket Ocado has offered its most loyal customers the chance to buy shares if it goes ahead with plans to float on the London Stock Exchange. Chief executive Tim Steiner told customers in a letter yesterday that anyone who has spent £300 with the online grocer this year would be eligible to participate in [...]
Newly-listed firms beat the FTSE index November 14, 2010 COMPANIES that entered the London stock market this year have outperformed the FTSE 100 by more than 16 percentage points, research out yesterday showed. Newly-listed firms have gained an average of 19.5 per cent on their share price in the year to date, compared to a 3.4 per cent rise in the FTSE 100 and [...]
Newly-listed firms beat the FTSE index November 14, 2010 COMPANIES that entered the London stock market this year have outperformed the FTSE 100 by more than 16 percentage points, research out yesterday showed. Newly-listed firms have gained an average of 19.5 per cent on their share price in the year to date, compared to a 3.4 per cent rise in the FTSE 100 and [...]
LSE profit up despite revenue dip May 21, 2010 THE London Stock Exchange has ended up in profit for the year despite a drop in revenue. It recorded a net profit of £90.4m – compared with a loss of £338m last year. Meanwhile revenue for the year to the end of March fell 6.4 per cent to £628m. LSE lost market share to rivals [...]