FTSE 100 history: how the index has changed over 33 years July 3, 2017 The FTSE 100 index has just seen one of its quarterly changes with security firm G4S and real estate investment trust Segro promoted to the top 100. Although perhaps small in themselves, these regular events have changed the face of the UK’s leading index since it was formed in 1984. For the many investors whose [...]
Hollywood movie company Film Finances considers London IPO June 1, 2017 A Hollywood film financier is said to be plotting a float on the London Stock Exchange. Los Angeles-headquartered Film Finances Inc could be making its way for a UK initial public offering (IPO) during the summer. Sky News reported that the flotation is being overseen by Liberum Capital and could value the firm at several [...]
Estée Lauder: The woman behind the brand May 2, 2017 Estée Lauder's story could have started on the stage. Before her head was filled with visions of making women beautiful, the woman who would revolutionise the cosmetics industry wanted to be an actress. But, the business of beauty pumped through her veins. Stage Gem Estée toyed with becoming an actress, as she believed that “actresses [...]
Square, Twitter chief exec Jack Dorsey’s payments company, is coming to the UK March 28, 2017 Jack Dorsey’s payments company Square is launching in the UK to kick off European expansion plans. It’s the fifth market for the New York Stock Exchange-listed tech company and the first in Europe after the US, Canada, Japan and Australia. Square’s launch here has been anticipated since last year, when it was first revealed it [...]
Investment manager Downing plans £100m float to launch new micro-cap trust March 20, 2017 An investment manager has announced plans to raise £100m through a fund float on the London Stock Exchange. Asset management firm Downing today announced plans to launch Downing Strategic Micro-Cap Investment Trust in May through a listing on the main market. The company will target investments in publicly-quoted UK companies with market capitalisations of less than [...]
City Moves – who’s switching jobs at Legal & General, Northern Trust and Jackpotjoy March 17, 2017 Today's City Moves cover insurance, wealth management and online bingo. Take a look at these movers and shakers: Legal & General Legal & General has appointed Dharshini David as corporate affairs director. Dharshini will take up the appointment at the end of March and will report to group CEO, Nigel Wilson. She will be responsible [...]
City Moves – who’s switching jobs at Pemberton Asset Management, Wells Fargo Asset Management and Eight Roads Ventures March 16, 2017 Today's City Moves cover asset management and venture funding. Take a look at these movers and shakers: Pemberton Asset Management Pemberton, the independent asset management group backed by Legal & General Group, has strengthened its senior management team with the appointment of Thomas Lack as chief operating officer. Thomas joins as a partner in the [...]
Intercontinental Exchange could push back London clearing launch as it seeks to assert gold dominance March 15, 2017 Intercontinental Exchange (ICE) could push back the launch of clearing for London’s gold price auction as it seeks to get all participants on board. The New York Stock Exchange owner was set to go live with its clearing plans at the end of this month. But City A.M. understands the launch could now be put [...]
Mobileye share price soars as Intel’s $15.3bn acquisition confirmed March 13, 2017 Intel has snapped up an Isreali technology firm specialising in driverless car tech in a multi-billion dollar deal to accelerate its automotive plans. Shares of Mobileye shot up more than 30 per cent in pre-market trading on the New York Stock Exchange after reports of the deal initially serviced. Mobileye, which works on technology for driverless cars, has [...]
Snap Inc’s share price is tumbling further as blockbuster IPO gains disappear March 8, 2017 Shares in Snap, the social media phenomenon that last week became the darling of the New York Stock Exchange, tumbled further at the open of US markets on Tuesday, falling a further 10 per cent to a fresh low of $21.30. Stock in the star tech company fell back down to earth yesterday, wiping nearly [...]