LSE slashes UKtrading fees November 9, 2009 The London Stock Exchange (LSE) is set to introduce a new fee structure for its UK order books as it ups the ante in an increasingly aggressively-priced market. From 1 December, sellers of stocks will be hit by a flat charge of 10p per executed order, rather than the multiple 10p charges they currently pay [...]
Amadeus to raise €1.4bn in flotation April 14, 2010 TRAVEL and tourism technology firm Amadeus aims to raise up to €1.36bn (£1.20bn) when it returns to the Madrid stock exchange later this month in Europe’s largest IPO this year. Amadeus, with €2.46bn of revenues in 2009, was delisted four years ago when BC Partners and Cinven bought their stake from airlines Air France, Lufthansa [...]
People don’t come here for the weather December 13, 2009 In 1733, Voltaire, one of France’s greatest thinkers, wrote a series of letters on the English nation, describing some of the extraordinary going-ons he had discovered during his exile to this country. The findings scandalised many of his French readers, then a truly statist and anti-capitalist nation. “Go into the London Stock Exchange – a [...]
European shares in 3.3 per cent slump November 26, 2009 European shares slipped 3.3 per cent yesterday to record their biggest one-day percentage drop in seven months as concerns about debt problems in Dubai weighed on the market, with banks the major fallers. The pan-European FTSEurofirst 300 index of top shares closed down 33.81 points at 988.14 – its lowest close in three weeks. “The [...]
Regal fined 600,000 for rules breach November 17, 2009 OIL explorer Regal Petroleum was yesterday landed with a £600,000 fine from the London Stock Exchange for “numerous, serious breaches” of its rules in relation to the company’s Greek exploration wells. The LSE’s Aim market disciplinary committee said statements released by Regal between 2003 and 2005, claiming oil reserves of up to 227m barrels at [...]
Facebook’s share scheme’s new rules April 8, 2010 USUALLY insider-trading rules are associated with large financial institutions, but earlier this week Facebook, the privately owned social networking site, had to implement its own insider trading policy. Facebook, which issued stock to its employees up until 2007, established the new policy to ensure that employees would not get into a legal wrangle with the [...]
UK COVERED WARRANTS SURE TO GROW November 11, 2009 ALEXANDRE HOUPERTHEAD OF LISTED PRODUCTS UK, SG CORPORATE & INVESTMENT BANKING WHILE covered warrants might seem like a relatively new means of trading the markets to UK investors, this month marks their 20th birthday in continental Europe, where they are now a well developed market widely recognised by the private investor. And Société Générale not [...]
London rises to highest close in 3 weeks on Dubai bailout December 14, 2009 BRITAIN’S top share index closed at its highest level in a week yesterday, led by banks, after Abu Dhabi bailed out Dubai with $10bn in surprise aid, with commodities stocks also notching up solid gains. The FTSE 100 closed up 53.77 points at 5,315.34, its highest close since 4 December, adding to a rise the [...]
Mining stocks lead weaker banking and power firms December 2, 2009 Britain’s leading share index ended 0.3 per cent higher yesterday as mining firms gained on the back of higher commodity prices, outpacing some weakness in banks and energy stocks. The FTSE 100 closed 15.22 points higher at 5,327.39, adding to Tuesday’s strength when the index recorded its biggest one-day gain in more than four months [...]
FTSEdrops as windfall tax worries offset mining gains December 7, 2009 Britain’s top shares ended 0.2 per cent lower yesterday, with banks weak on concerns over a possible windfall tax, offsetting modest gains in miners and energy stocks which rebounded from earlier losses. The FTSE 100 closed 11.70 points lower at 5,310.66 points, paring some losses from earlier in the session when the index dropped to [...]