Deripaska in HK flotation September 27, 2009 ALUMINIUM giant Rusal, the group controlled by Russian billionaire Oleg Deripaska, is set to announce one of the biggest floats of the year this week, in Hong Kong. The $30bn (£19bn) flotation, which will see 10 per cent of the group’s shares put on the Asian market, is snubbing the London Stock Exchange (LSE) because [...]
Deripaska in HK flotation September 27, 2009 ALUMINIUM giant Rusal, the group controlled by Russian billionaire Oleg Deripaska, is set to announce one of the biggest floats of the year this week, in Hong Kong. The $30bn (£19bn) flotation, which will see 10 per cent of the group’s shares put on the Asian market, is snubbing the London Stock Exchange (LSE) because [...]
Why bonds are a boon for investors November 18, 2009 FOLLOWING his appointment as the CEO of the London Stock Exchange (LSE) this summer, Xavier Rolet announced plans to open a retail bond market here in the UK. He said: “There is a clear need, particularly in the SME sector, for a lot of companies to be able to tap the bond market, particularly for [...]
BATS to launch special tariff August 19, 2009 BATS Europe, the multi-lateral trading platform, said yesterday it will launch a special tariff in September, with the aim of grabbing market share from the London Stock Exchange. BAT plans to offer inverted pricing, whereby the rebate for adding liquidity is higher that the cost of removing it.
Goldman sends LSE shares down despite praise for CEO October 21, 2009 The FTSE 100 was all about the power of the analyst today, with a number of individual movers spurred up or down by words of wisdom from the City’s finest. The London Stock Exchange (LSE) shed 2.2 per cent to close at 914p after Goldman Sachs cut its rating on the stock to “neutral” on [...]
Inverse ETFs are proving to be the ideal tool for bearish day traders November 4, 2009 EARLIER this week, Deutsche Bank launched the first European-listed exchange-traded fund (ETF) that tracks the inverse daily performance of an Asian stock market – Hong Kong’s Hang Seng. The investment bank’s ETF division, DB X-trackers, also announced that it has launched four new European sector ETFs on short daily indices, bringing the number of the [...]
Turquoise is eyeing a sale August 17, 2009 TURQUOISE, the high-profile equity trading platform owned by a consortium of investment banks, has hired UBS to find a buyer for the business. The City trading platform, launched last year as a rival to existing stock exchanges, is believed to have sent out documents to 18 firms including the London Stock Exchange, Deutsche Boerse, NYSE [...]
Turquoise is eyeing a sale August 17, 2009 TURQUOISE, the high-profile equity trading platform owned by a consortium of investment banks, has hired UBS to find a buyer for the business. The City trading platform, launched last year as a rival to existing stock exchanges, is believed to have sent out documents to 18 firms including the London Stock Exchange, Deutsche Boerse, NYSE [...]
LSE CHIEF XAVIER ROLET PONDERS AN OVERHAUL OF INTERIOR DESIGN October 26, 2009 XAVIER Rolet, the dynamic new top dog over at the London Stock Exchange, just can’t seem to ease up in his quest to stamp his mark on the exchange. In the past few months, Rolet has been very busy – commencing talks to buy up rival Turquoise, axing the LSE’s long-standing M&A and PR advisers, [...]
British stocks hold their shine in spite of gloom February 17, 2010 UNEMPLOYMENT is high, the economy is barely out of recession and the UK’s fiscal deficit is cause for concern. Compared to emerging markets where growth is storming ahead, it seems like a no-brainer as to where to invest. Barclays Stockbrokers’ clients agree – half think emerging markets will deliver the greatest returns in 2010 while [...]