After the Nvidelity comes the Huangover. Jensen Huang joins long list who confused boardroom and bedroom
Litigation funder Vannin Capital lines up £1bn London float September 10, 2018 Litigation funder Vannin Capital said today it is planning to list in London next month in a float that market sources say could hit a £1bn valuation. The listing will comprise an approximately £70m issue of new shares by the company and the sale of shares by existing shareholders to facilitate a free float of [...]
UBS launches new debt product for ethical investors that sticks to UN principles September 10, 2018 UBS has launched a new World Bank-backed debt product aimed at ethical investors. The Swiss bank has partnered with corporate governance research company Sustainalytics to introduce the global sustainability signatories index, which is composed of 100 companies that have signed up to the United Nations (UN) global compact, a corporate sustainability initiative. Signatories of the [...]
Trading platform Aquis Exchange to set up Paris hub to prepare for Brexit September 10, 2018 Exchange service group Aquis will open a new Paris office in preparation for Brexit. London-listed Aquis Exchange, which operates a Europe-wide cash equities trading platform, has filed applications with French authorities ACPR and AMF to open an investment firm in the capital. Read more: Barnier says 'realistic' to expect Brexit deal in weeks The new hub is being set up in [...]
Mobius to raise £200m for emerging markets investment trust September 10, 2018 Veteran emerging markets investor Mark Mobius is raising £200m for a new focused trust, four months after the launch of his asset management firm. Mobius, who retired from Franklin Templeton in May before establishing Mobius Capital Partners, is looking to raise the money for Mobius Investment Trust through an Initial Public Offering (IPO) in October. Read more: Lira and rand hold steady [...]
The City has come a long way since the crash, but we can’t afford to be complacent September 10, 2018 This week marks the tenth anniversary of the collapse of Lehman Brothers – a shock that reverberated around the global financial system, and which will be seared in the memories of many workers across the City. Substantial progress has been made to raise standards across the sector, eradicating the unacceptable practices that led to the [...]
British economy enjoys surprise July jump in activity to record strongest growth in almost a year September 10, 2018 The British economy surprised economists in July as output grew by 0.3 per cent, with a sunny services sector outlook alongside unexpected support from the construction sector contributing to the pick-up. The three months to July saw GDP expand by 0.6 per cent, picking up from 0.4 per cent growth in the second quarter of [...]
Old Mutual prepares to raise £200m in fund float ahead of name change September 9, 2018 Asset manager Old Mutual Global Investors (OMGI) is preparing to raise £200m by floating a new investment fund aimed at private companies. The company has never previously formed a vehicle aimed at investing in unquoted firms. It is expected to announce the fund, called the Merian Chrysalis Investment Company, this week. Its portfolio is expected to [...]
Aston Martin set to hire experienced businesswoman Penny Hughes to lead £5bn float September 8, 2018 Former Coca-Cola executive and RBS director Penny Hughes has been lined up by Aston Martin to lead its £5bn float on the London Stock Exchange. Hughes, who has also been a director at Vodafone, Wm Morrison and Reuters Group, will become the first female chair of a British car maker, according to Sky News. The [...]
Lloyd’s of London hires former QBE chief John Neal as new CEO September 7, 2018 John Neal has been appointed as chief executive of Lloyd's of London, succeeding Inga Beale, who had been in the role since 2013. His appointment was ratified after a meeting of the Council of Lloyd's where his appointment was unanimously approved. He will begin his new role at Lloyd’s on 15 October 2018. Previously John Neal [...]
FTSE 100 drops below 7,300 points for first time in five months as pound grows September 7, 2018 The FTSE 100 has dropped below 7,300 points for the first time in nearly five months as the pound continued to grow and global uncertainty caused investors to halt activity. The index dropped to a low of 7,227 points this afternoon before gaining slightly towards 7,270. Markets across Europe have all fallen today but the [...]