Wall Street edges up on retail stats November 15, 2011 US stocks rose yesterday, boosted by swift steps toward formation of a new Italian government and stronger-than-expected reports on the US economy. Stocks sensitive to economic growth led the rally, with technology and industrials the best performers. Apple rose more than 2.5 per cent, up for only the second day in the last eight. But [...]
US stocks dented by Europe worries November 14, 2011 US stocks fell yesterday as rising bond yields in Italy and other Eurozone countries reminded investors that despite changes in governments, the region’s debt crisis could still spin out of control. Banks posted the largest losses, but overall volume was unusually weak. The KBW bank index dropped 2.5 per cent, with Bank of New York [...]
Bumper week for US IPOs as nine start deals November 13, 2011 THE US IPO market could see its busiest week in more than a year, with nine companies aiming to begin fundraising in the next five days. The prospective deals include a $114m (£71m) capital raising on the Nasdaq from consumer review website Angie’s List, and a $578m offering from Delphi Automotive on the New York [...]
InvenSense files to raise up to $85m in IPO November 7, 2011 CHIPMAKER InvenSense filed with US regulators yesterday to sell fewer shares at a lower price range than it had originally expected in its initial public offering (IPO) of common stock. InvenSense, which in August delayed its IPO due to market conditions, said it would sell up to 10m common shares priced at $7.00-$8.50 (£4.37-£5.30) each. [...]
Delphi sets indicative float price November 7, 2011 DELPHI Automotive indicated a price range for its initial public offering that values the former General Motors parts unit below levels projected six months ago when the stock market was stronger. Delphi said in a regulatory filing yesterday that the price range for its IPO would be $22 (£13.70) to $24 a share, establishing a [...]
Wall Street edges up in choppy day November 7, 2011 US stocks closed a volatile, lightly traded session slightly higher yesterday, with sentiment continuing to shift with the latest headline from Europe. Wall Street spent most of the session lower before rebounding after Juergen Stark, a member of the European Central Bank’s Executive Board, said the region’s debt crisis might be overcome in “one or [...]
Jefferies says EU exposure is only $38m November 3, 2011 JEFFERIES insisted it had no meaningful net exposure to European sovereign debt yesterday, as it sought to allay investor fears that had caused its shares to plunge and brought trading to a standstill. Shares in the US investment bank fell as much as 20 per cent yesterday to $10, their lowest since March 2009, prompting [...]
Polymetal in debut day on London exchange November 2, 2011 RUSSIA’S fourth biggest gold miner Polymetal was yesterday officially admitted to the London Stock Exchange after switching from a Moscow listing. The move follows a £491m share placing that values the company at £3.55bn. The placing was priced at £9.20 – the bottom of the range that was set between £9.10 and £10. Sources said [...]
Markets hit by MF Global bankruptcy October 31, 2011 MARKETS plunged in London and New York yesterday as MF Global, the $41bn brokerage, became the first big American casualty of the European sovereign debt crisis. MF Global Holdings filed for Chapter 11 bankruptcy protection in the US following the collapse of a last-minute deal to sell off assets. It became the eighth-largest bankruptcy in [...]
Best month in 37 years for the S&P October 27, 2011 US stocks surged three per cent yesterday as an agreement by European leaders to help contain the region’s two-year debt crisis lifted a cloud hovering over markets. Optimism that a deal would be struck to prevent widespread financial distress fueled the market’s rebound in October. The S&P 500 is up more than 13 per cent [...]