199 problems and a glitch is one: NYSE is having technical problems May 18, 2016 The New York Stock Exchange suffered a technical glitch in early trading on Wednesday resulting in trades for nearly 200 ticker symbols being cancelled. The unspecified glitch first occurred at 9.27am in New York. Things were back up and running by 10.09am, however the latest update at 10.26am indicated the problem had returned. Nearly an hour [...]
Canada Goose fluffs up the market by revealing plans for $100m listing February 16, 2017 High-end US coat maker Canada Goose has announced plans to raise $100m by listing on the New York and Toronto stock exchanges. The listing will give the firm, backed by Bain Capital, the ability to pay down debt and expand sales in the US. And in what could be seen as a stroke of marketing genius, the [...]
Brexit vote could not see merged London Stock Exchange group’s headquarters moved from UK to Germany, sources close to deal confirm April 17, 2016 Sources close to the London Stock Exchange-Deutsche Boerse deal have dismissed the prospect of the merged company having its headquarters outside of the UK in the event of a Brexit. Under the terms of the proposed £21bn merger, set out last month, the headquarters of the holding company, UK TopCo, would be based in London. An [...]
City Moves – who’s switching jobs at Legal & General, Northern Trust and Jackpotjoy March 17, 2017 Today's City Moves cover insurance, wealth management and online bingo. Take a look at these movers and shakers: Legal & General Legal & General has appointed Dharshini David as corporate affairs director. Dharshini will take up the appointment at the end of March and will report to group CEO, Nigel Wilson. She will be responsible [...]
Saudi Aramco will publish its finances ahead of what could be the world’s biggest IPO February 2, 2017 Saudi Aramco, which is plotting what is expected to be the world's largest initial public offering (IPO), will publish its annual financial statements before the float in 2018. The Saudi state-owned company will disclose 2017 annual statements prior to the listing, Bloomberg reported energy minister Khalid Al-Falih said today at a seminar in Riyadh. “Aramco applies [...]
Intercontinental Exchange (ICE) reportedly considering selling Borsa Italiana and LCH.Clearnet as part of potential bid for London Stock Exchange Group March 3, 2016 A possible bid by the Intercontinental Exchange (ICE) for the London Stock Exchange Group (LSE) is reportedly likely to include selling off the London exchange's Italian business and French clearing arm. Shares in the LSE soared to a record high on Tuesday, after the New York Stock Exchange (NYSE) owner ICE confirmed it is considering bidding [...]
LSE Group considering spin off of French division ahead of potential Deutsche Boerse deal, according to reports March 2, 2016 London Stock Exchange Group (LSE) is said to be considering a spin off of part of its clearing house, LCH.Clearnet, in an effort to make a potential £20bn takeover by Deutsche Boerse, announced last week, easier. According to the Financial Times, LSE could spin off the French division of LCH.Clearnet, and may also shift control of [...]
Ferrari share price rises on George Soros stake disclosure February 17, 2016 Shares in Ferrari have gone into overdrive, rising more than five per cent after it was revealed George Soros owns a stake in the luxury car maker. The billionaire's fund disclosed a €28m (£21.8m) stake which places him among Ferrari's top 10 shareholders, according to Bloomberg analysis. The biggest shareholders in Ferrari are the Agnelli family and Piero Ferrari, the [...]
London Stock Exchange share price soars to record high on news of possible bid from NYSE-owner ICE to rival Deutsche Boerse March 1, 2016 Shares in the London Stock Exchange Group soared to a record high yesterday, after the New York Stock Exchange (NYSE) owner Intercontinental Exchange (ICE) confirmed it is considering bidding for the London-based exchange. ICE’s intervention came less than one week after LSE revealed it was in merger talks with the Frankfurt-based exchange Deutsche Boerse – [...]
Old Mutual could be broken up amid private equity takeover bids March 6, 2016 Old Mutual, the FTSE 100 insurance group, is reviewing options for a breakup following a joint takeover attempt for its wealth management division from private equity firms Cinven and Warburg Pincus. A breakup is one option being considered in a review of Old Mutual’s operations, and an update will be given on Friday along with [...]