Alibaba IPO: Jack Ma disappoints investors by missing London roadshow September 17, 2014 Jack Ma left capital-based investors disappointed by failing to turn up for the London leg of Alibaba’s international roadshow this afternoon. Alibaba was in town this afternoon ahead of its much-anticipated IPO, widely expected to be the biggest in history, but company founder and chairman Jack Ma was not present. In an attempt [...]
Wall St slips as traders look to earnings’ data – New York Report October 6, 2014 US SHARES yesterday fell in choppy trading, with traders nervously eyeing the start of earnings season, while the S&P 500 failed to remain above a key technical level. The Dow Jones industrial average fell 17.78 points, or 0.1 per cent, to 16,991.91, the S&P 500 lost 3.08 points, or 0.16 per cent, to 1,964.82 and [...]
Ackman-backed group in $3.5bn crop spray deal October 20, 2014 AGROCHEMICAL firm Arysta LifeScience was sold by its private equity backer for $3.5bn yesterday to a chemicals company part-owned by activist investor Bill Ackman. Arysta, which boasts more than 3,600 fungicide and herbicide type products, has been acquired by Platform Specialty Products, a group listed on the New York Stock Exchange. Arysta’s former backer, UK-based [...]
New York Report: Energy prices stop big falls September 11, 2014 US STOCKS recovered from early losses yesterday, with the S&P 500 managing a slight gain as energy prices and oil stocks turned higher and financials lent support. The Dow Jones industrial average fell 19.71 points, or 0.12 per cent, to 17,049, the S&P 500 gained 1.76 points, or 0.09 per cent, to 1,997.45 and the [...]
Netflix share price takes a pummelling October 16, 2014 Netflix’s share price has been battered this morning, as US stocks continued to struggle. Shares in the online video-streaming company opened around 23 per cent down – and are showing no signs of recovery in early morning trading. The plunge in shares is salt in the wound for Netflix, who recorded disappointing third [...]
Profits up 180pc as Alibaba preps bumper $20bn New York listing August 27, 2014 CHINESE e-commerce giant Alibaba reported its profits almost tripled in the three months to the end of June. Alibaba, which could float on the New York Stock Exchange in the coming weeks, filed papers with the US Securities and Exchange Commission showing profits jumped to 12.34bn yuan (£1.2bn), from 4.38bn yuan during the same period [...]
New York Stock Exchange runs trial as Twitter flotation nears October 28, 2013 TWITTER took part in a test run of its highly anticipated market debut on the New York Stock Exchange (NYSE) over the weekend, ahead of the real event which is expected to take place on 7 November. The simulated initial public offering (IPO) – the first trial of its kind on the NYSE – was [...]
Alibaba share price soars on huge market debut September 20, 2014 Shares in Alibaba went up by 38 per cent during its stock market debut yesterday, leading the biggest IPO in US history. The Chinese e-commerce giant started trading on Friday under the ticker "BABA" on the New York Stock Exchange. Shares were so popular that the price had to be revised up eight [...]
Alibaba has priced its shares, and it’s going to be the biggest IPO ever September 18, 2014 Alibaba has priced its initial public offering at $68 per share – the top end of its price range. The pricing will raise the e-commerce giant $21.77bn and value the company at $167.62bn, making it one of the largest IPOs in history. Shares in the Chinese company will begin trading on the New York Stock [...]
RBS scraps Amsterdam listing in latest sign of global withdrawal March 18, 2015 RBS abandoned its listing on Euronext Amsterdam yesterday, as so few traders buy and sell stocks on the exchange. The Dutch listing is a legacy of RBS’ ill-fated acquisition of ABN Amro in 2007, which contributed to the bank’s collapse and subsequent bailout the following year. But since then RBS has slashed its overseas and [...]