Seymour Pierce: LSE revamp could cause exodus from Aim February 8, 2010 THE alternative market will suffer an exodus of companies when the London Stock Exchange introduces a “two-tier” structure to the main market in April, stockbroker Seymour Pierce warned. The firm said up to 15 per cent of the 1,300 businesses on Aim would be lured to the main market by the attraction of a standard [...]
Future sees its revenues tumble 12pc February 10, 2010 Playstation Magazine publisher Future said yesterday that first-quarter revenue fell 12 per cent and it expected trading conditions to remain difficult throughout 2010. The company said projected growth rates were very low and advertising budgets remained soft against tough competition, which continued to put pressure on yields. Future, whose special-interest magazines and websites range from [...]
SuperGroup in £125m flotation plan February 15, 2010 FASHION company SuperGroup is is set to launch a £125m stock market flotation. The move comes after a series of other companies, including fellow fashion retailer New Look, decided to shelve their planned initial public offerings (IPOs) last week. SuperGroup owns the Superdry brand sported by celebrities such as David Beckham and High School Musical [...]
Barrick plans to spin-off its African unit February 18, 2010 Barrick Gold, the world’s largest gold miner, is spinning off its African gold assets into a new publicly traded company that will be floated on the London Stock Exchange. The new company, called African Barrick Gold, will be the biggest UK-based gold miner. It will have 10 per cent of Barrick’s assets, giving it a [...]
Cadbury to delist from stock exchange February 5, 2010 KRAFT Foods has secured 75.41 per cent acceptances from Cadbury Plc shareholders in its takeover of the British confectioner and will now move to delist Cadbury form the London Stock Exchange. Kraft said in a statement that assuming it gets 90 per cent acceptances from Cadbury shareholders it intends to move toward the compulsorily purchase [...]
CITY MOVES | WHO’S SWITCHING JOBS March 10, 2010 Reed Smith The law firm has hired advertising law expert Marina Palomba to its partnership. Palomba joins the firm’s advertising group in London from the Institute of Practitioners in Advertising (IPA), where she has been legal director for eight years, advising all the main agencies in the UK including M&C Saatchi, Abbott Mead Vickers and [...]
Fidelity unveils details of Bolton’s $1bn Chinese investment fund February 9, 2010 FIDELITY International yesterday revealed plans to raise £630m ($1bn) in an initial fundraising for Anthony Bolton’s new China equity fund. Shares in the close-ended fund – issued at £1 – will start trading on the London Stock Exchange in April. The fund is named Fidelity China Special Situations in a nod to the Fidelity Special [...]
Debenhams appoints new chairman January 28, 2010 DEBENHAMS has appointed Nigel Northridge as its new chairman to replace John Lovering. The company said Northridge – currently chairman of betting group Paddy power – will step up to the role on 1 April Lovering had chaired the retailer since 2003 and led its flotation on the London Stock Exchange in 2006. Northridge is [...]
My corporate jet is easyJet: meet the platform boss taking on the LSE May 17, 2010 HE TALKS LOUDLY and moves fast. Alasdair Haynes, the chief executive of the pan-European trading platform Chi-X Europe, cuts a larger than life figure. The boss of the trading platform, which has grabbed a 30 per cent share of FTSE 100 trading from long-established rival the London Stock Exchange (LSE) since it was set up [...]
Omega joins the big boys on the main London Stock Exchange market space July 7, 2009 OMEGA Insurance, the Lloyd’s of London underwriter, has ascended to the main market of the London Stock Exchange, after it last week boosted its control of Lloyds’ successful Syndicate 958. The insurer yesterday left the smaller Aim space to join bigger rivals on the main market, and is now one of seven non-life insurers on [...]