Trump makes Twitter bid for Saudi Aramco to list on New York Stock Exchange November 4, 2017 After a very brief hiatus on Thursday, Donald Trump is back on Twitter. And he’s wasted no time in getting back to trying to Make America Great Again. First order of business: bolstering the New York Stock Exchange. Trump tweeted today that he would “very much appreciate” Saudi Aramco choosing New York for its IPO. [...]
Brewdog considers New York Stock Exchange float in London snub October 19, 2017 Brewdog could snub London to list in the US when the beer business floats. Co-founder James Watt said in an interview with City A.M. that the irreverent Scottish brewery could choose the New York Stock Exchange for an IPO. It follows a push by Brewdog to expand into the US, having built a brewing facility [...]
Saudi Aramco refutes claims IPO to be shelved as the Investment Association objects to the bending of London listing rules October 15, 2017 Saudi Aramco has refuted reports that its planned float is set to be shelved. The group was addressing claims in the Financial Times over the weekend that the oil giant was considering shelving plans for an international listing in favour of a private share sale to the world’s biggest sovereign wealth funds and institutional investors. [...]
Prominent investor group the International Corporate Governance Network (ICGN) adds forceful objection to FCA’s Saudi Aramco listing plans October 12, 2017 A prominent investor group has strongly objected to controversial plans to allow sovereign companies such as Saudi Aramco lower transparency requirements to list in London, with a consultation by the City watchdog closing tomorrow. Under the plans put forward in July by the Financial Conduct Authority (FCA), state-owned companies such as Aramco will qualify for [...]
David Cameron gets his first post-Brexit vote private sector job with US payments company October 9, 2017 David Cameron has gained his first big private sector job since stepping down as Prime Minister after being on the losing side of the Brexit referendum last June, with a US payments technology firm. Cameron will assist with business development as well as joining the international advisory board of First Data, a New York Stock [...]
UK IPO: Standard Life Aberdeen chief Sir Gerry Grimstone says Saudi Aramco should come to London October 2, 2017 Sir Gerry Grimstone, chairman of Standard Life Aberdeen, has backed a listing of Saudi Aramco in London. Saudi Aramco, a petroleum giant comprising the oil wealth of Saudi Arabia, is planning a listing that could value the company at $2 trillion. London and New York are the frontrunners for the listing, but a float on [...]
Pret a Manger brushes off Jollibee takeover rumours | City A.M. September 19, 2017 Pret a Manger intends to push ahead with its plans for a possible float on the New York Stock Exchange despite speculation a multi-billion-dollar Filipino business is eyeing a takeover bid for the coffee and sandwich chain. City A.M. understands that Jollibee and Pret have not been in contact with each other on the potential [...]
London retains financial services crown: City extends lead over New York, Hong Kong and Singapore in international ranking by Z/Yen September 11, 2017 London has maintained its position as the world’s number one global financial centre, according to a major international study out today, extending its lead over rivals New York, Hong Kong and Singapore. However, City chiefs have warned that London’s supremacy will come under threat if the government does not secure the right kind of Brexit [...]
What happens to the markets if America goes to war? August 31, 2017 The stock market hates uncertainty, and there is plenty of uncertainty with respect to the tensions over the latest round of North Korean missile tests. This post, originally published 13 September 2013, focused on the violence in the Middle East, specifically Syria, and the potential that the United States could enter the conflict and [...]
20 years on, could the Asian financial crisis be repeated? July 12, 2017 The Asian financial crisis of 1997 was a traumatic dislocation for financial markets that I experienced first hand, working as a fund manager for Schroders in Singapore. The fallout was shocking. The Indonesian economy, for instance, shrunk by 85% in US dollar terms during the aftermath, a contraction unthinkable today. Twenty years on, the pressing [...]