London Mining hires Liberum Capital and GMP Securities to advise on listing October 12, 2009 London Mining, the UK-based company which develops mines for the steel industry, said yesterday it had appointed investment bank Liberum Capital as its adviser and joint broker to help its planned listing on Aim. GMP Securities will be the joint broker on the listing, which was first announced in July. London Mining said it had [...]
THE LONDON REPORT June 23, 2009 The FTSE 100 closed down 0.1 per cent yesterday, falling just 4.03 points to 4,230.02 in a choppy session, with thin volumes exacerbating movements, after losing 2.6 per cent on Monday. The index has gained more than 22 per cent since hitting a six-year low in March, but is still down 4.6 per cent on [...]
Lawson: The Tories need to find the bottle to cut public spending July 2, 2009 FORMER chancellor Lord Lawson is feeling hot under the collar. It’s not just because he’s finished delivering a lecture in a stuffy, airless room at the London Stock Exchange. He’s also fed up with travelling on the underground in the sweltering heat. “The problem with the tube is not so much the heat,” he tells [...]
Why small caps can help you profit when big business can’t June 29, 2009 WITH so many blue-chip stocks’ share prices plunging to penny stock levels, it is small wonder that the FTSE 100 companies are no longer the relatively safe trading bets that they once were. And these sprawling multinational companies have found it difficult to become leaner operations in the face of declining global demand. It is [...]
Rising stars ofCity fight off the downturn December 6, 2009 ONE hundred of the City’s most precocious young stars have been honoured in a round-up of the hottest names to watch in the world of finance over the coming year. The list of 100 Rising Stars, compiled by Financial News, includes Goldman Sachs emerging markets trader Jan Sramek, who at the tender age of 22 [...]
Lloyd’s: equity market rally is nearing end October 27, 2009 THE stock market rally has run out of steam, according to Lloyd’s of London. The world’s oldest insurance market yesterday poured cold water over hopes that surging equity prices would continue to rise into the latter stages of the year and into 2010. Pointing out that shares had risen 50 per cent since March, Lloyd’s [...]
Yell gets the go ahead for fundraising November 2, 2009 YELLOW Pages publisher?Yell was yesterday given the green light by creditors over plans to refinance its massive £3.8bn debt mountain. The deal enables Yell to press ahead with a rights issue worth at least £500m. The company’s shares have been extremely volatile in recent weeks, after the firm was forced to extend its deadline three [...]
Clever traders are looking to the future and the recovery October 20, 2009 THE PAST year will be remembered as a turbulent one for the global markets, beginning with the collapse of Lehman Brothers and the nationalisation of banks, and volatility hitting record highs. Many investors were so unclear about the state of the economy that they held on to their money. However, with the FTSE over 5,000 [...]
M&S and ITV brighten up dull day of trading for FTSE November 18, 2009 THE UK’s main market ticked down slightly yesterday, as an unexpected drop in US housing figures spooked investors and weakness in food retailers and tobacco firms outpaced gains in miners and energy companies. The FTSE100 closed 0.1 per cent lower at 5,342.13 with Cable & Wireless, Unilever, Vodafone and HSBC going ex-dividend. Marks & Spencer [...]
Clara Furse to leave the LSE in solid shape May 17, 2009 THE CITY’S most powerful woman, London Stock Exchange (LSE) boss Dame Clara Furse, is expected to issue “solid” full year results for the group as she steps down this Wednesday. The notorious “ice queen” is expected to report sharp declines in trading volumes, with the exchange suffering from the recession. But the declines will be less [...]