Polymetal expects ruling November 8, 2011 GOLD miner Polymetal yesterday said it should know the outcome of a ruling on buying out its Russian minority shareholders by the regulator in Moscow in about 15 days’ time. Polymetal, which started trading on the London Stock Exchange on 2 November after switching from a Moscow listing, said its subsidiary Polymetal Holding had sent [...]
A Playboy queen in chef’s whites November 8, 2011 IMAGINE, for a moment, the head chef at a Playboy Club. Whatever image just sprang to your mind, I am fairly certain it is not Judy Joo. A Korean-American former Wall Street banker (she was a sales-trader on the fixed income floor of Morgan Stanley; her husband works for a hedge fund in London), Joo [...]
It’s time for UK institutions to take more risk November 7, 2011 WOULD-BE investors in UK stocks are in a bad place right now. The long-only funds have too few successes to boast about and the hedge funds are scared of ever-increasing redemptions. As far as the majority of the UK investor base is concerned, IPOs of untested UK companies are distinctly off the menu. Those same [...]
It’s time for UK institutions to take more risk November 7, 2011 WOULD-BE investors in UK stocks are in a bad place right now. The long-only funds have too few successes to boast about and the hedge funds are scared of ever-increasing redemptions. As far as the majority of the UK investor base is concerned, IPOs of untested UK companies are distinctly off the menu. Those same [...]
Polymetal in debut day on London exchange November 2, 2011 RUSSIA’S fourth biggest gold miner Polymetal was yesterday officially admitted to the London Stock Exchange after switching from a Moscow listing. The move follows a £491m share placing that values the company at £3.55bn. The placing was priced at £9.20 – the bottom of the range that was set between £9.10 and £10. Sources said [...]
Russian IPO concerns could see oligarch-free FTSE index November 2, 2011 LARGE foreign-controlled companies that list in London could be blocked out of a new FTSE index as investors are so concerned about poor governance, FTSE Group said yesterday. The index provider has asked market users if they want a new index that strips out firms with low free floats, or makes them meet tough governance [...]
Houellebecq’s bizarre new novel is (almost) brilliant November 2, 2011 THE MAP AND THE TERRITORY BY MICHEL HOUELLEBECQ Heinemann , £17.99 THE arcane title of this book should serve as a fair warning to the reader familiar with Atomised, Platform and other cult Houellebecq novels. While those books are driven by sexual desperation and erotic tragedy (alongside the usual heaping helpings of profound dystopia), The [...]
Russian IPOs in spotlight as FTSE probes free float November 1, 2011 COMPANIES that float only a small proportion of their shares in London could be barred from FTSE stock indices in future under new proposals from the index group yesterday. FTSE is to consult on whether to make UK-based firms list at least 25 per cent of shares, rather than the current 15 per cent, to [...]
THE SHOW MUST GO ON SAYS FOREX FINANCIER November 1, 2011 DIGITAL downloads decimating album sales, Russian born tycoon Len Blavatnik poised to swoop on the UK’s last major domestic music label – it’s fair to say the music industry has seen better days. Here to help the sector’s financially challenged artistes make the most of their remaining revenue sources – touring, merchandise and ticket sales [...]
THE SHOW MUST GO ON SAYS FOREX FINANCIER November 1, 2011 DIGITAL downloads decimating album sales, Russian born tycoon Len Blavatnik poised to swoop on the UK’s last major domestic music label – it’s fair to say the music industry has seen better days. Here to help the sector’s financially challenged artistes make the most of their remaining revenue sources – touring, merchandise and ticket sales [...]