Premier listing: Fund manager plots London Stock Exchange flotation September 18, 2016 Fund management company Premier Asset Management is considering a float on the London Stock Exchange this year. Keefe, Bruyette & Woods and Numis are advising the firm on the possible initial public offering (IPO). The flotation discussions come nine years after Guildford-based Premier was taken private by Electra Partners. Read more: Another London Stock Exchange strike: Hollywood [...]
New York attorney general launches investigation into Exxon Mobil’s accounting practices September 16, 2016 New York attorney general Eric Schneiderman is reportedly probing why Exxon Mobil has not written down the value of its assets, despite the prolonged oil price slump which has riled the industry. The Wall Street Journal reported that Schneiderman's office has launched an investigation into the firm's accounting practices. It's already looking into whether Exxon misled investors over the [...]
Hollywood Bowl Group aims for a strike as it announces IPO price September 16, 2016 Hollywood Bowl Group announced an IPO price of 160p per share, which would give it a market capitalisation of £240m. The company said today that it has placed 113,283,274 shares in an offer which is expected to raise £181.3m. Dealing is expected to start on 21 September, it added. City A.M. revealed yesterday that the group was [...]
Another London Stock Exchange strike: Hollywood Bowl’s IPO is imminent September 15, 2016 Hollywood Bowl is set to price its initial public offering (IPO) on the London Stock Exchange as early as tomorrow, City A.M. understands. Hollywood Bowl first announced its intention to float, in a move that could raise £280m, shortly before the EU referendum in June, with admission onto the LSE expected in July. However, these plans were [...]
Before the bell: What you need to know before the US market open September 15, 2016 The Bank of England has conformed to market expectations and held its key rate of overnight interest at 0.25 per cent, while Apple can't cook up iPhones fast enough. Here's what you need to know before the US market open at 2:30pm London time. US futures are pointing to a very health rise ahead of [...]
Enquest shares fall after oilfield stake sale talks collapse September 15, 2016 Enquest shares slumped today after it announced the collapse of talks to sell a slice of one of the biggest North Sea development projects to Israeli conglomerate Delek. The independent British oil producer announced in July that it had signed a non-binding deal to sell a 20 per cent stake in the Kraken oilfield, east of the [...]
Waste giant Biffa has confirmed plans to float in London’s biggest IPO since the Brexit vote September 15, 2016 Biffa Waste Services today confirmed its intention to float on the London Stock Exchange in a deal which would reportedly value the firm at £1bn and propel it straight onto the main market. The company, which was forced to undergo a restructuring after the financial crisis, wants to raise £270m in what will be the biggest initial [...]
Before the bell: What you need to know before the US market open September 14, 2016 US seeds company Monsanto has accepted a takeover offer from German chemicals company Bayer, marking the biggest deal of 2016. Meanwhile, stocks are floating on a sea of green. Here's what you need to know before the US market open at 2:30pm London time. US stocks are pointing higher in the pre-market. The S&P is up by 0.2 per [...]
Shares in Aim-listed miner spike as it joins “white gold” rush September 14, 2016 Aim-listed Premier African Resources jumped today, after the miner said drilling had commenced at its Zulu lithium project in Zimbabwe. The programme is aimed at producing a maiden resource, as well as testing extensions to the current 3.5km strike length. The company's shares soared as much as 44.74 per cent at the open to 0.55p each, giving [...]
Sterling still drifting on weak inflation figures September 13, 2016 The pound has slumped this afternoon on the back of weak inflation figures, taking the currency to a two-week low against both the dollar and the euro. Sterling drifted by one per cent against both the major currencies after inflation came in at a weaker-than-forecast 0.6 per cent in official figures out this morning. Economists [...]