AgriDex selects L3COS and tokenisation for $9 trillion global food and agriculture marketplace March 10, 2021 Global food and agriculture industry supply chain platform AgriDex has selected L3COS to create its blockchain-based transparent marketplace.
Spac-tacular: The City welcomes overhaul of stock market listings March 3, 2021 The US phenomenon of Spac listings could soon make its way to the City after a government-backed report called for widespread reform in the stock market. Lord Jonathan Hill’s report into London’s listing requirements called for regulators to allow blank-cheque vehicles to list in the capital as well as to ease other listing restrictions. It [...]
Spac revolution set to unlock Big Bang 2.0 for the City of London March 3, 2021 The UK is set to spark a second Big Bang for the City post-Brexit, with a landmark government report calling for regulators to allow Spacs to list in London and ease a range of share listing restrictions. Lord Jonathan Hill’s report into future financial services regulation, released today, calls for a range of deregulatory measures [...]
Budget 2021: Sunak to outline post-Brexit regulatory shakeup for the City of London March 2, 2021 Rishi Sunak will outline plans to improve the City of London’s post-Brexit competitiveness in tomorrow’s Budget as he releases a highly anticipated report from the UK’s former EU commissioner for financial services. Sunak is planning to create a new stock listings regime in London to compete with other global financial centres that have benefited from [...]
Corporations buy Bitcoin’s dip, JPMorgan says investors can allocate 1% of portfolios to BTC March 1, 2021 Corporations move to buy the dip as JPMorgan says investors can allocate 1% of portfolios to Bitcoin.
Russian retailer Fix Price targets $1.7bn London listing March 1, 2021 Russian budget retailer Fix Price is targeting an IPO size of between $1.5bn and $1.7bn as it finalises its London listing. Earlier this month the company, which is the largest value retailer in Russia, announced its float would allow it to pursue growth and international expansion. Fix Price, which launched in 2007, has more than [...]
Cruise liner firm Carnival plans $1bn stock sale to stay afloat February 23, 2021 Cruise operator Carnival today announced that it would sell $1bn (£700m) worth of its stock through a public offering. The firm said that it would place 40.5m shares at $25.10 per share, a slight discount on yesterday’s closing price of $25.97. The offering, which is being run by Goldman Sachs, closes tomorrow. Carnival said that [...]
Medical cannabis company Kanabo enjoys supherb first day as listed company February 16, 2021 Medical cannabis company Kanabo Group’s share price soared today on its first day listed on the London Stock Exchange (LSE). Kanabo manufactures vaporised marijuana pods and inhalers for medical use. By mid-morning, the company’s share price had jumped some 66.64 per cent on its first day as a listed company. Kanabo CEO Avihu Tamir said: [...]
Bitcoin price tests $50,000 high as corporate adoption boosts legitimacy February 15, 2021 CryptoCompare data shows the price of Bitcoin (BTC) moved from around $39,000 to test a new all-time high near the psychological $50,000 mark. It has since correctly slightly to trade at $47,500 at press time. Ether (ETH), the second-largest cryptocurrency by market capitalization, started the week near $1,700 and moved up to a new all-time [...]
London experiences massive drop in Euro swaps trading post-Brexit February 11, 2021 Trading in euro-denominated swaps has dropped by nearly 30 per cent in London since the end of the Brexit transition period on 31 December, with trade primarily shifting to New York, Amsterdam and Paris. According to new data from financial research company IHS Markit, published earlier today, euro swaps trading in the City of London [...]