Intercontinental Exchange exits stake in Euronext with share sale December 8, 2014 INTERCONTINENTAL Exchange (ICE) yesterday announced it was selling its final stake in Euronext, pricing the placement of 4.2m shares. The shares, representing approximately six per cent of Euronext’s share capital, are to be sold by way of an accelerated book-building to institutional investors, at a price of €23 each. ICE said it expected the gross [...]
Will Square’s IPO be a success with chief executive Dorsey distracted by Twitter? October 15, 2015 Another day, another IPO – this time it's Square, the mobile payments company founded after Jack Dorsey was forced to leave Twitter, which has ended months of speculation by officially filing with the Securities and Exchange Commission to go public. Square is looking to raise $275m (£177m) from the IPO. In its filing, Square, which [...]
Villains of finance: How the world’s most infamous crooks tricked investors – and the tell-tale signs of ponzi schemes November 19, 2015 Victims of the biggest ever Ponzi scheme – Bernie Madoff’s $65bn (£43bn) fraud – are finally getting their money back after seven years, as another tranche of payouts is approved by US courts. The saga is not over yet, as an upcoming film called “Wizard of Lies” will shine a light on the story, starring [...]
Hong Kong stock exchange chief exec Charles Li writes to Santa to lament loss of Alibaba IPO December 22, 2014 Writing a letter to Santa: At primary school it’s expected, for early teens it’s understandable, for sixth formers it’s a little strange. But for the chief executive of one of the world’s biggest stock exchanges it’s downright bizarre and just a bit bonkers. Charles Li, chief executive of the Hong Kong stock exchange [...]
Camden Market owner Market Tech Holdings valued at £844m after first day of trading on Aim December 22, 2014 Market Tech Holdings, the company that owns the iconic Camden Market, has a valuation of £844m after its first day of trading on the alternative investment market (Aim) of the New York Stock Exchange. Shares in the company which combines real estate assets with an e-commerce platform jumped by 12.5 per cent from their [...]
Manchester United share price plummets as club announces player spending in “near term” December 9, 2014 Manchester United’s share price plummeted by over nine per cent on the US stock exchange this morning, after Edward Glazer put 3m of his shares up for sale and the club confirmed further spending on players in the “near term”. After markets in the US closed yesterday Edward Glazer, one of Malcolm Glazer’s six [...]
Fiat-Chrysler motors into New York market October 13, 2014 NEWLY formed carmaker Fiat-Chrysler made its New York stock debut yesterday, a major milestone in chief executive’s Sergio Marchionne long-running overhaul of the group. Shares ended lower at $8.92 having listed at $9, with Marchionne ringing the closing bell after trading in New York. Italian car maker Fiat bought US automotive icon Chrysler out of [...]
Alibaba’s share price reaches record high, valuing it higher than Wal-Mart October 28, 2014 Shares in Alibaba soared to a record high of $100.45 today, valuing the Chinese etail giant at more than $247bn (£152bn), taking it above US rival Wal-Mart for the first time. Alibaba's share price rose 2.8 per cent during mid-morning trading today. It listed on the New York Stock Exchange last month at $68 a [...]
Fiat Chrysler share price soars as Ferrari IPO spin-off plans revealed October 30, 2014 Fancy owning a chunk of one of the best known luxury sports car brands out there? Ferrari is being spun off by its parent company Fiat Chrysler Automobiles (FCA) as it looks to ensure the group's “long-term success”, it was revealed today. The spin off will include an IPO, with around 10 per [...]
US stocks fall amid Greece and oil drags – New York Report July 1, 2015 US STOCKS closed higher yesterday but were down from earlier highs as energy stocks declined and Greece’s debt crisis showed no clear signs of resolution. The benchmark S&P 500’s energy sector was dragged down by the biggest slide in oil prices since April after traders were surprised by a report that showed US crude stockpiles [...]