Prudential to speed up Hong Kong listing March 8, 2010 PRUDENTIAL has said it will accelerate plans to list its shares in Hong Kong to allow Asian investors to take part in its $21 (£13.8bn) rights issue to help fund the acquisition of AIG Asia. The company wants to achieve the dual listing in London and Hong Kong to be triggered before the rights issue. [...]
UK firms set to rush LSE listings September 28, 2009 Smaller UK firms are from next week expected to bombard the London Stock Exchange to take advantage of an FSA rule change making them eligible for a less costly and rigorous “secondary listings” that will allow them to raise money quickly. But only firms with full compliance procedures will be included on FTSE indices.
THE LONDON REPORT November 25, 2009 A flurry of US economic data and a rebound in metals prices helped push Britain’s top share index to a higher close yesterday, with Compass Group topping the blue-chip gainers list after results. The FTSE 100 ended up 40.85 points, or 0.8 per cent at 5,364.81, following a 0.6 per cent decline on Tuesday. Miners [...]
LSE quits industry body to go it alone September 30, 2009 The London Stock Exchange (LSE) is quitting the industry’s main European association as it seeks a free hand to lobby regulators mulling a crackdown on off-exchange trading at banks and dark pools. The LSE – Europe’s biggest stock market – will leave the Federation of European Securities Exchanges (FESE), which has been influential in the [...]
Xenophobic energy sales patter is a load of hot air November 25, 2009 BRITISH Gas was this week attempting to make a virtue of accuracy in its billing systems with a series of newspaper advertisements as it attempts to lure new customers with the promise of scrapping estimated monthly bills in favour of a new, more transparent system. Ironic then that just hours before the launch at least [...]
Virgin Media heads for UK share listing September 28, 2009 CABLE operator Virgin Media said yesterday it would launch a secondary listing on the London Stock Exchange to widen its appeal to British and European investors. The move, which will allow investors to buy the stock in sterling, sent its shares up 5.8 per cent at $13.12 (£8.26) on the Nasdaq exchange in New York. [...]
LISTED PRODUCT NEWS April 28, 2010 MARKIT TO LAUNCH ETF ENCYCLOPEDIAJESSICA MEAD Global financial information services company Markit announced earlier this week that it would launch Markit ETF Services, a a package of products that includes an encyclopedia, trade data and ETF dividends. The encyclopedia is a global reference database of all 2,700 ETFs available worldwide, categorised by asset class, type, region [...]
Putting the drama back into LSE share trading October 28, 2009 XAVIER Rolet, chief executive of the London Stock Exchange (LSE), is looking to rekindle some of the fun and excitement of share trading that has been lost since the bulk of the City’s traditional open outcry trading floors were closed. As City A.M. first revealed on Tuesday, the LSE is axing the sculpture known as [...]
Virgin Media debuts on the London market October 1, 2009 UK INVESTORS displayed an appetite for Virgin Media shares yesterday, its first day of trading on the London Stock Exchange. Virgin Media, which began trading at 872p per share, rose to 912p during the day, but closed 1.4 per cent down at 859.52p after 1.68m trades. The cable operator confirmed this week that it would launch [...]
CIC takes stake in KMG as China seeks to take advantage of commodity slump September 30, 2009 CHINESE wealth fund CIC yesterday bought a stake in KazMunaiGas Exploration Production (KMG), the Kazakh oil and gas company, which is listed on the Kazakhstan Stock Exchange, and has its GDRs listed on the London Stock Exchange. State-owned CIC, which has over $300bn (£189bn) under management, paid $939m for an 11 per cent stake in [...]