Goldwind IPO in Hong Kong is cancelled June 14, 2010 CHINA’S second-largest wind turbine maker, Xinjiang Goldwind Science & Technology, has pulled its up-to-$1.2bn (£814m) initial public offering, the fifth Hong Kong IPO shelved since last month. With around $3.8bn in public offerings pulled from the Hong Kong Stock Exchange in the last few weeks, the dead deals reveal the impact of the sharp drop [...]
Capital Drilling makes a triumphant start to trading on the LSE official list June 7, 2010 EMERGING markets-focused mining group Capital Drilling yesterday saw its market value jump by over £6m on its first day of trading on the main list of the London Stock Exchange, as investors snapped up the stock. The firm listed at 61.5p a share but rose over the course of the day to close at 66p, [...]
Hammerson says property market fragile April 29, 2010 ANGLO-FRENCH property investor Hammerson remains cautious about the outlook for the retail and commercial property markets, due to the weak economic recovery. “The economic recovery in our markets remains fragile, and uncertainties remain, not least regarding the level of unemployment and the prospect of further tax rises,” the company said yesterday . In the UK, [...]
CITY MOVES | WHO’S SWITCHING JOBS June 1, 2010 Hermes The asset manager has appointed Chris Goudie as an executive director for global business development and chief executive of Hermes Fund Managers in North America. Goudie joins from Pyramis Global Advisers, the fund management firm he helped to establish for Fidelity. Hermes has also hired Heiko Dahse, pictured, and Marcus Money-Chappelle from Fischer Francis [...]
BarCap eyes retail share offer venture April 11, 2010 BARCLAYS Capital, the investment banking arm of British financial services giant Barclays, yesterday said it had formed a joint venture with Solid Solutions Associates (SSA) to oversee retail share offerings in initial public offerings. The deal will see SSA advise and assist Barclays Capital on project management aspects of any retail tranche of initial public [...]
WHAT THE OTHER PAPERS SAY THIS MORNING June 13, 2010 THE SUNDAYS The Sunday Telegraph $2.6M BUFFETT LUNCH WON BY ANONYMOUS BIDDER A mystery benefactor has paid $2.6m (£1.8m) to meet with billionaire investor Warren Buffett for a business lunch. The Sage of Omaha auctioned his time in aid of a San Francisco charity. This year’s auction brought in 25 per cent more than any [...]
CITY MOVES | WHO’S SWITCHING JOBS June 20, 2010 Aviva The insurance giant has appointed Dipak Warren as a corporate risk solutions director. Warren joins from Mitsui Sumitomo Insurance in London, which she joined in 2000. In her last role as active underwriter and director of the firm, she was responsible for the syndicate business plan and performance across property, casualty, motor, PI, marine, [...]
Boots tops reputation poll as banks languish April 28, 2010 Alliance Boots knocked Marks & Spencer off the top spot, in a survey of company reputation. The Reputation Institute’s UK Pulse Report 2010 ranked retail brands highly but the list of 140 firms made torrid reading for the finance industry. Royal Bank of Scotland languished at 138, with Lloyds at 136 and Barclays at 129. [...]
WHAT THE OTHER PAPERS SAY THIS MORNING June 6, 2010 FINANCIAL TIMES CROP SQUEEZE TO LIFT ORANGE JUICE PRICE The price of orange juice will rise in coming months as Brazil’s citrus crop, the world’s largest, sees its worst harvest in seven years because of bad weather and diseases, according to Cutrale of Brazil, the leading orange juice producer. Orange juice is a $20bn industry [...]
WHAT THE OTHER PAPERS SAY THIS MORNING June 6, 2010 FINANCIAL TIMES CROP SQUEEZE TO LIFT ORANGE JUICE PRICE The price of orange juice will rise in coming months as Brazil’s citrus crop, the world’s largest, sees its worst harvest in seven years because of bad weather and diseases, according to Cutrale of Brazil, the leading orange juice producer. Orange juice is a $20bn industry [...]