Vice Media’s online food brand Munchies is to expand its physical presence with a food hall venture August 21, 2018 Munchies, the online food channel owned by Vice Media, is to expand its presence in the physical world. The publisher has agreed to a brand licensing contract for a food hall at American Dream Meadowlands, a retail complex an under construction in New Jersey. Agreed between the online brand and the centre owner, Triple Five [...]
Unilever shares drop as position in the FTSE looks uncertain June 14, 2018 Unilever has said it is unlikely to remain in the FTSE indexes after its planned move to a single headquarters in Rotterdam. Under plans announced in March, Unilever will ditch its dual-structure system, abandoning London in favour of The Netherlands. At a presentation today, chief financial officer Graeme Pitkethly said the company was "extremely unlikely" [...]
Cloud computing software firm Maestrano announces £12m float on London Stock Exchange May 29, 2018 Open cloud business integration platform Maestrano is to announce its intention to float on the Alternative Investment Market (Aim) of the London Stock Exchange today, with its market capitalisation at the point of admission coming in at £12m. Grant Thompson LLP has been appointed as a nominated adviser, with Arden Partners as sole broker to [...]
City watchdog to reveal decision on Saudi Aramco listing category – six months late June 3, 2018 The Financial Conduct Authority (FCA) will this week unveil its decision on plans to offer a new listing category in a bid to attract Saudi’s massive oil company Aramco to list in the UK – six months later than initially planned. The City watchdog will announce its response to a consultation on a “premium listing” [...]
Hot stuff: How to trade on good weather without getting burnt April 24, 2018 Using data on 13.82m cab rides from January to October 2009 in New York City, combined with statistics on hourly levels of solar radiation, a recent study entitled “Taxicab tipping and sunlight” found a significant positive relationship between sunlight and tipping. The study, by Srikant Devaraj and Pankaj Patel from the Miller College of Business [...]
City watchdog Andrew Bailey defends controversial rules to clear way for Saudi Aramco London listing June 11, 2018 The top financial watchdog has split the City with controversial changes to listing rules which could allow Saudi Aramco to list in London, but Financial Conduct Authority (FCA) boss Andrew Bailey insists the reforms will raise standards. From July the regulator will create a new category with less strict requirements within its “premium” rules for [...]
Dropbox float to value business at around $7bn March 12, 2018 Tech company Dropbox is set to be valued at $7bn (£5bn) at its initial public offering (IPO) next week, according to regulatory documents filed today. According to documents filed with the US Securities and Exchange Commission, Dropbox will sell shares at between $16 and $18, valuing the company at around $7bn. The valuation represents a [...]
New York Stock Exchange owner secures financing for £10bn London Stock Exchange takeover bid to rival proposed Deutsche Boerse merger April 4, 2016 The Intercontinental Exchange (ICE) is understood to have secured funding for a £10bn takeover bid for the London Stock Exchange (LSE). ICE, which owns the New York Stock Exchange, confirmed it was considering a bid in early March shortly after the LSE said it was in merger talks with Deutsche Boerse. The LSE and Deutsche [...]
That the Saudi Aramco IPO is in jeopardy should surprise no-one March 14, 2018 The red carpet has been rolled up to reveal a sizeable bump in the road. Just a week after the visit to Britain by Saudi Arabia’s Crown Prince Mohammad bin Salman, we’ve learned that the proposed flotation of Saudi Aramco – the world’s biggest oil company and perhaps largest company by market value – has [...]
Intercontinental Exchange could push back London clearing launch as it seeks to assert gold dominance March 15, 2017 Intercontinental Exchange (ICE) could push back the launch of clearing for London’s gold price auction as it seeks to get all participants on board. The New York Stock Exchange owner was set to go live with its clearing plans at the end of this month. But City A.M. understands the launch could now be put [...]