REGULATORS HAVE TO STEP UP AND ACT April 5, 2010 OVER the past few weeks, the financial press has been full of stories of financial wrongdoing, both alleged and proven. The FSA investigations which have featured so prominently have been running for some time. Often the more egregious cases come to light following a disruption in the underlying markets. Enron imploded at the end of [...]
LSE eyes up Warsaw market September 6, 2009 The London Stock Exchange is mulling a takeover of the Warsaw Stock Exchange, in a move which would throw it into battle with its three biggest rivals. NYSE Euronext, Nasdaq OMX and Deutsche Borse are also considering a bid for the Polish stock exchange, which would offer the opportunity to increase market share in central [...]
F&C DITCHES THE DORCHESTER FOR A LEANER SHOWING AT PING PONG November 25, 2009 THINGS may be looking up in terms of the economy, but the corporate Christmas goose is looking just as lean as it was in the depths of the financial crisis last year – and a little bird tells me that asset management firm F&C Investments is among the companies trimming its budget. Usually, F&C staffers [...]
German cable firm slips on market debut March 22, 2010 Shares in cable television company Kabel Deutschland languished on their debut in Europe’s biggest flotation so far this year, as wary investors balk at high valuations pinned on new listings. Germany’s largest cable operator raised €759m (£681m) for US owner Providence Partners in its initial public offering on the Frankfurt stock exchange, towards the lower [...]
FTSEgiven boost by strong gains in energy and mining October 19, 2009 Britain’s top shares added 1.8 per cent yesterday, lifted by gains in miners and energy issues as commodity prices rose on an improved demand outlook and investors looked towards further earnings news from the United States. The FTSE 100 ended 91.30 points higher at 5,281.54, a new peak for 2009 on the 22nd anniversary of [...]
FTSEgiven boost by strong gains in energy and mining October 19, 2009 Britain’s top shares added 1.8 per cent yesterday, lifted by gains in miners and energy issues as commodity prices rose on an improved demand outlook and investors looked towards further earnings news from the United States. The FTSE 100 ended 91.30 points higher at 5,281.54, a new peak for 2009 on the 22nd anniversary of [...]
WHAT THE OTHER PAPER SAY THIS MORNING November 8, 2009 THE SUNDAYSThe Sunday TelegraphBAE HIRES PINOCHET LAWYER FOR SFO FIGHTBAE Systems has instructed General Pinochet’s former QC to handle its defence if the Serious Fraud Office (SFO) is successful in persuading the Attorney General to proceed with a fraud prosecution against the arms manufacturer. GOVERNMENT PLANS FAST-TRACK NUCLEAR EXPANSIONThe government is set to hand an [...]
London set for surge of IPO activity September 28, 2009 THE CITY is gearing up for a return of initial public offering (IPO) activity as a torrent of companies prepare to take the plunge into shareholder ownership, according to Thomson Reuters data. Underscoring the dramatic recovery being staged on equity markets, five IPOs – where firms listed on stock markets – are now on the [...]
London set for surge of IPO activity September 28, 2009 THE CITY is gearing up for a return of initial public offering (IPO) activity as a torrent of companies prepare to take the plunge into shareholder ownership, according to Thomson Reuters data. Underscoring the dramatic recovery being staged on equity markets, five IPOs – where firms listed on stock markets – are now on the [...]
Governance issues could mar Essar IPO April 8, 2010 LONDON scored a coup as Indian industrial giant Essar yesterday said it would list its energy business on the Stock Exchange, though concerns rippled through the market over the extent of the subsidiary’s independence from its powerful parent. Essar said it would float between 20 to 25 per cent of the energy division Essar Energy [...]