OTHER PRIZE SPONSORS BY CATEGORY FOR THIS YEAR’S CITY A.M. AWARDS June 30, 2011 Saxo Bank is a global investment bank specialising in online trading and investment across the international financial markets. Saxo Bank enables private investors and institutional clients to trade forex, contracts for difference, exchange-traded funds, stocks, futures, options and other derivatives via multi-award winning online trading platforms, as well as offering professional portfolio and fund management. [...]
HMV DEBT REFINANCING June 7, 2011 Q.WHAT DOES THIS HMV REFINANCING INVOLVE? A.HMV’s lenders RBS and Lloyds have agreed to supply two term loans of £70m and £90m that mature in September 2013, and a £60m revolving credit facility. The deal refinances its previous £240m debt facility with £220m of fresh debt. The banks will charge HMV interest of four per [...]
Glencore to close book on £6bn float early May 13, 2011 Commodities trader Glencore will close the books for its planned $11bn (£6bn) initial public offering a day ahead of schedule, underscoring strong investor demand for its shares despite volatile commodity markets. According to details in a term sheet seen by Thomson Reuters IFR and confirmed by sources close to the deal, subscriptions to the IPO [...]
Glencore to close book on £6bn float early May 13, 2011 Commodities trader Glencore will close the books for its planned $11bn (£6bn) initial public offering a day ahead of schedule, underscoring strong investor demand for its shares despite volatile commodity markets. According to details in a term sheet seen by Thomson Reuters IFR and confirmed by sources close to the deal, subscriptions to the IPO [...]
WHAT THE OTHER PAPERS SAY THIS MORNING June 29, 2011 FINANCIAL TIMES BRITISH LAND TO BUY RESIDENTIAL COMPLEX IN THE CITY British Land is in advanced talks to buy a City of London residential complex, in its first acquisition under a strategy to focus on the booming market for prime homes in the capital. The UK’s second-largest property company has agreed to buy Wardrobe Court [...]
Troubled JJB to de-list from LSE April 26, 2011 JJB, the high street sportswear retailer, is to de-list from the London Stock Exchange’s main market and re-list on the smaller, cheaper AIM market. The struggling firm will issue 160m new shares to raise £65m, breaking listing rules relating to how much of the company is freely floated.
CITY MOVES | WHO’S SWITCHING JOBS May 23, 2011 Agent Provocateur Retail veteran Chris Woodhouse has been appointed as non-executive chairman of luxury retailer Agent Provocateur. Woodhouse, director of Debenhams and chairman of restaurant group Gondola, which owns Pizza Express and ASK, will take a small stake in the lingerie business, which he will oversee alongside his existing role. Agent Provocateur, owned by private [...]
HKEx: a global IPO hot-spot June 21, 2011 THE Hong Kong Stock Exchange (HKEx) is Asia’s third largest exchange in terms of market capitalisation, after Tokyo and Shanghai. It was first established in 1891, although informal exchanges were taking place in Hong Kong for some thirty years previous to that date. Nowadays, the exchange has become well-known for attracting big international companies – [...]
A HAVEN OF FREE TRADE SHOWS THE WAY TO CHINA’S OPENING MARKETS June 21, 2011 HEAD OF PRODUCT, BARCLAYS STOCKBROKERS THIS week takes us to Asia-Pacific; to Australia, Hong Kong and Singapore. All three offer investors access to China but none more so than Hong Kong. FRAGRANT HARBOUR Hong Kong is Asia’s second largest exchange by market capitalisation and was formed in 1980 by a merger between the Far East [...]
NO PLAN B FOR BRITAIN SAY TORY BELIEVERS July 7, 2011 DON’T have a business card on you? No problem – just write your name on the back of a £50 note and drop that in the hat for the City lunchtime raffle instead. Yes, it could only be the annual fundraising gathering of The Cities of London & Westminster Conservative Association, where the Tory body’s [...]