Japan Airlines raises $8.5bn in top Asian float September 10, 2012 JAPAN Airlines, the carrier nationalised by the Japanese government in 2010, yesterday secured top price for its initial public offering, making it the second biggest float of the year after Facebook. The offering, which was six times oversubscribed by investors, was priced at ¥3,790 (£30.24), the upper limit of a range between ¥3,500 and ¥3,790. [...]
CBOE set to open London hub for trading on Vix index futures September 6, 2012 CBOE, which runs the oldest and largest US stock-options exchange, is planning to open a base in London for its fast-growing futures market as it tries to woo more clients from abroad. CBOE Futures Exchange will establish its first non-US hub in a London data centre next year, it said in a statement yesterday. The [...]
US stocks soar to multi-year closing highs September 6, 2012 US stocks closed at multi-year highs yesterday, with the S&P 500 ending at its highest level since before the collapse of Lehman Brothers as investors hailed a new European bond-buying program aimed at stemming the region’s debt crisis. Sentiment was also boosted by stronger-than-expected data on the US services sector and labour market, which was [...]
FedEx outlook stokes bearish US sentiment September 5, 2012 US stocks closed out a second straight session of thin trading yesterday, with investors reluctant to make big bets ahead of a crucial meeting of the European Central Bank, which could announce new policies to help contain the Eurozone’s debt crisis. Media reports that European policymakers would unveil a bond-buying plan to bring down crippling [...]
Santander set to float Mexico arm on NYSE September 4, 2012 SANTANDER yesterday announced plans to float its Mexican banking arm Santander Mexico on the New York Stock Exchange later this month. The initial public offering is expected to raise between €3bn (£2.37bn) and €3.4bn of capital for the company, boosting Santander’s core capital ratio by about half a percentage point under Basel II rules. Shares [...]
BlackRock set for US trust float despite tough market for IPOs September 3, 2012 BLACKROCK, the world’s biggest fund manager, yesterday unveiled plans to float a US-based investment trust in London next month, as investors seek to capitalise on strong S&P 500 performance. The fund manager, which runs $3.35trn (£2.11trn) for clients globally, will seek a premium listing on the London Stock Exchange when the trust has its IPO [...]
Trading light in US as investors wait on the Fed August 28, 2012 US stocks ended little changed in another day of scarce activity yesterday after mixed economic data gave investors little reason to shift their focus from Federal Reserve chairman Ben Bernanke’s speech on Friday. The Fed chief is scheduled to address a conference of central bankers in Jackson Hole, Wyoming, and could announce new measures to [...]
Lacklustre data and fears over Greece hurt US August 22, 2012 THE S&P 500 erased earlier losses to close flat yesterday after minutes from the latest Federal Reserve meeting indicated the central bank might be ready for another round of stimulus. Minutes from the 31 July to 1 August meeting suggested the Fed is likely to deliver another round of monetary stimulus “fairly soon” unless the [...]
Soros reveals new stake in Man United August 20, 2012 BILLIONAIRE investor George Soros has splashed out on a 7.85 per cent passive stake in Manchester United, a filing with the US Securities and Exchange Commission revealed late last night. Soros Fund Management bought over three million of the new class A shares, which were created for the club’s initial public offering (IPO) in New [...]
Wall Street flat after six week rallying boom August 20, 2012 US stocks were flat yesterday, on signs of fatigue after a six-week run of gains, as the European Central Bank quelled speculation about the form of market intervention that may be taken to stem the region’s debt crisis. Despite the lethargic trading, Apple shares hit a new high, becoming the most valuable public company of [...]