Signet moves share listing to New York July 11, 2008 Jewellery giant Signet Group yesterday announced it would move its primary listing to the New York Stock Exchange, as part of a raft of changes to focus its business on the American market. The jeweller, which owns the H Samuel and Ernest Jones chains in the UK, said it hoped to complete the move – [...]
Money can still be made during bear market slump July 9, 2008 Even as the market yesterday dipped its toe into official bear territory, there’s still money to be made. Equities may be falling out of favour but currencies, commodities and good old-fashioned cash are still in demand as investments likely to weather the current financial storm. “Depending on your time scale, banking stocks look cheap if [...]
Could now be the moment to enter the dragon? August 8, 2008 As the Olympics begin, China has never been more intriguing, says Samantha Downes It was once a region where only the least risk-averse would fear to tread, but China has emerged as a magnet for investors’ cash. In the last decade the communist-run country has emerged as the world’s second largest economy. Its willingness to [...]
Goldenport plans £220m LSE float November 3, 2005 Greek shipping line Goldenport said it plans to raise £80m through an initial public offering on the London Stock Exchange to buy more ships and pay off debt. Analysts put its market value at around £220m. A spokesman for Goldenport said that it plans to issue its prospectus and float on the LSE’s main market [...]
LSE bidders given the green light November 2, 2005 The Competition Commission cleared the way for European bourse operators Euronext and Deutsche Börse to launch independent bids for the London Stock Exchange yesterday. After a seven-month inquiry, the Commission said both Germany’s Deutsche Börse and Paris-listed Euronext could bid, but only if they complied with strict conditions. Those conditions relate to the watering down [...]
Marconi boss in £9m windfall October 26, 2005 Marconi CEO Mike Parton is £8.8m richer after Ericsson bought his company for £1.2bn. Ericsson is buying the bulk of Marconi, the former GEC, once the country’s biggest private employer. The remainder of the business — the British services operation — will be spun off into a new company, telent, which will be listed on [...]
Hikma plans to float on LSE next month October 18, 2005 Jordanian pharmaceutical company Hikma became the second foreign drugs firm in a week to announce its intention to float on the London Stock Exchange. The multinational group, which specialises in generic, branded and injectable products, is to list on the main market early November with a price range of 265p to 330p, valuing it at [...]
Record profit warnings October 21, 2005 The number of British companies issuing profit warnings in September surged to a four-year record due to difficult market and trading conditions. According to research by Ernst & Young, 103 firms listed on the London Stock Exchange issued a warning in the three months to 30 September. This represents a rise of 39 per cent [...]
Takeover bid for Easynet October 18, 2005 Easynet, the internet service provider, confirmed yesterday an approach by an unnamed bidder, widely believed to be BSkyB. When the London Stock Exchange opened, Easynet’s shares leaped 25 per cent on the news. The broadband operator is believed to be close to a deal with the Murdoch empire, for an offer price around £150m. It [...]
Thames Water plans £15bn float October 25, 2005 RWE, the German utility, is considering spinning off the Thames Water business. A float on the London Stock Exchange (LSE) is expected to a capitalisation of up to £15bn. Thames Water left the LSE following the RWE acquisition in 2000. According to German press reports yesterday RWE is now weighing up a partial flotation, possibly [...]