Salford-based Luxfer lists its shares in NY October 3, 2012 LUXFER Holdings, a speciality materials group, saw its shares rise on their first day of trading on the New York Stock Exchange yesterday, reaching 17 per cent above the offer price by mid-afternoon. The group is being brought to the US market by Jefferies, which recently led the successful flotation of Manchester United in the [...]
Gordon Brown pushes button on Wall St slide September 25, 2012 GORDON Brown was fond of claiming that the financial crisis “started in America”, placing the blame for the banking collapse solely on the excesses of Wall Street. So it was something of a surprise to see him welcomed to the New York Stock Exchange yesterday morning where he joined a list of luminaries – including tennis [...]
Direct Line adds directors for IPO September 25, 2012 ■ Insurance firm Direct Line Group yesterday hired two new executives as it prepares for its impending float on the London Stock Exchange. Glyn Jones, chairman of New York-listed insurer Aspen Insurance Holdings, has been appointed as the firm’s senior independent director. Meanwhile Mark Catton, who sits on the management committee of RBS Group, has [...]
Top tech boss: London still no Silicon Valley September 23, 2012 LONDON needs to do more to nurture growth in technology firms and become an attractive destination for them to go public, the head of one of the UK’s most successful internet firms said yesterday, warning that the US is a significantly better option for blooming British companies. Michael Acton Smith, chief executive of Mind Candy, [...]
London to ease flotation rules for tech firms September 20, 2012 THE GOVERNMENT yesterday proposed relaxing rules on fast-growing businesses to float on the London Stock Exchange (LSE), in an effort to prevent British technology firms fleeing to America. Science minister David Willetts announced the plans at Google’s innovation hub in London, saying he wanted to reform rules on free float – the proportion of a [...]
Coke bottler mulls London listing plan September 18, 2012 COCA-COLA Hellenic, the Athens based soft drink bottling firm, is exploring plans to ditch its main Greek listing and reactivate its London stock listing, in a move which would shrink the Athens stock exchange volumes by a fifth. The firm last night said it was exploring “all options”, including a listing on the New York [...]
Occupy protesters mark anniversary September 18, 2012 A FEW hundred Occupy Wall Street activists gathered in New York’s financial district yesterday but police kept them well back from the New York Stock Exchange, which they had threatened to surround as part of a day of protests marking the movement’s one-year anniversary. Occupy activists had pledged to disrupt the morning commute in lower [...]
Euphoria of Federal Reserve boost waning as market fatigue creeps in September 16, 2012 COMPARING the Federal Reserve to a rehab clinic offering addicted investors a synthetic high has been a favourite of Wall Street wags ever since the first round of Fed stimulus nearly four years ago. The punch line is that you always need more and more to get the same high and each bout of euphoria [...]
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 [...]