Estée Lauder: The woman behind the brand May 2, 2017 Estée Lauder's story could have started on the stage. Before her head was filled with visions of making women beautiful, the woman who would revolutionise the cosmetics industry wanted to be an actress. But, the business of beauty pumped through her veins. Stage Gem Estée toyed with becoming an actress, as she believed that “actresses [...]
Square, Twitter chief exec Jack Dorsey’s payments company, is coming to the UK March 28, 2017 Jack Dorsey’s payments company Square is launching in the UK to kick off European expansion plans. It’s the fifth market for the New York Stock Exchange-listed tech company and the first in Europe after the US, Canada, Japan and Australia. Square’s launch here has been anticipated since last year, when it was first revealed it [...]
Investment manager Downing plans £100m float to launch new micro-cap trust March 20, 2017 An investment manager has announced plans to raise £100m through a fund float on the London Stock Exchange. Asset management firm Downing today announced plans to launch Downing Strategic Micro-Cap Investment Trust in May through a listing on the main market. The company will target investments in publicly-quoted UK companies with market capitalisations of less than [...]
City Moves – who’s switching jobs at Legal & General, Northern Trust and Jackpotjoy March 17, 2017 Today's City Moves cover insurance, wealth management and online bingo. Take a look at these movers and shakers: Legal & General Legal & General has appointed Dharshini David as corporate affairs director. Dharshini will take up the appointment at the end of March and will report to group CEO, Nigel Wilson. She will be responsible [...]
City Moves – who’s switching jobs at Pemberton Asset Management, Wells Fargo Asset Management and Eight Roads Ventures March 16, 2017 Today's City Moves cover asset management and venture funding. Take a look at these movers and shakers: Pemberton Asset Management Pemberton, the independent asset management group backed by Legal & General Group, has strengthened its senior management team with the appointment of Thomas Lack as chief operating officer. Thomas joins as a partner in the [...]
Intercontinental Exchange could push back London clearing launch as it seeks to assert gold dominance March 15, 2017 Intercontinental Exchange (ICE) could push back the launch of clearing for London’s gold price auction as it seeks to get all participants on board. The New York Stock Exchange owner was set to go live with its clearing plans at the end of this month. But City A.M. understands the launch could now be put [...]
Mobileye share price soars as Intel’s $15.3bn acquisition confirmed March 13, 2017 Intel has snapped up an Isreali technology firm specialising in driverless car tech in a multi-billion dollar deal to accelerate its automotive plans. Shares of Mobileye shot up more than 30 per cent in pre-market trading on the New York Stock Exchange after reports of the deal initially serviced. Mobileye, which works on technology for driverless cars, has [...]
Snap Inc’s share price is tumbling further as blockbuster IPO gains disappear March 8, 2017 Shares in Snap, the social media phenomenon that last week became the darling of the New York Stock Exchange, tumbled further at the open of US markets on Tuesday, falling a further 10 per cent to a fresh low of $21.30. Stock in the star tech company fell back down to earth yesterday, wiping nearly [...]
London IPO, New York or sale? Technology giant Misys said to be keeping its options open after last year’s pulled UK float March 7, 2017 Technology giant Misys could be sold rather than try for another initial public offering (IPO) after last year’s pulled London float, sources have said. The private equity owner of Misys is understood to be keeping its options open for exiting the technology company, with a listing in New York also being explored. Read more: Fears [...]
Snap shares sparkle and pop on first day of trading as it gets valued at around $28bn March 2, 2017 Shares in tech company Snap, parent of messaging app Snapchat, jumped more than 40 per cent in their first day of trading on the New York Stock Exchange yesterday, defying doubts about the company’s early-stage business model, losses and slowing user growth. In a frantic day of trading, shares changed hands at more than $25, well [...]