LSE defends City in floats blame game December 8, 2011 CONCERNS that fund managers are overpaying for newly-listed shares and investment banks are charging extortionate fees are unfounded, the London Stock Exchange said yesterday, in a report recommending improvements to the IPO market. On a series of key areas, from pre-IPO engagement with the investor community and investment bank fees to the number of banks [...]
US slide continues for a fifth session November 22, 2011 US stocks fell for a fifth day in a row yesterday, having lost more than five per cent over that period as borrowing costs in Spain hit another record high. The market remains anchored by concerns about the worsening debt crisis in Europe where rising yields suggest the outlook continues to deteriorate and stocks have [...]
Occupy NY in police clashes November 17, 2011 MORE than 170 people were arrested in New York yesterday as police quashed an attempt by protesters to shut down Wall Street. Police set up barricades on the roads around Wall Street and pushed activists onto the pavement to stop them from blocking the route taken by staff at banks and the New York Stock [...]
Choppy day for Wall St November 17, 2011 TRIGGER-HAPPY investors dumped US stocks yesterday, scared by the market’s sudden fall through a key technical level brought on by more worries about Europe’s debt troubles. The S&P 500 steadily slipped through the morning until it broke through 1,225, when selling picked up in both the futures and cash markets. Investors have been increasingly focused [...]
Eurozone dangers prompt a sell-off November 16, 2011 US stocks fell yesterday, with selling accelerating late in the session on more warnings about the potential impact of the Eurozone’s debt crisis on the global economy and the banking system. Worries about growth weighed on sensitive sectors like financials and materials. Losses deepened after ratings agency Fitch said even though the outlook on the [...]
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 [...]