Trump gives Saudi purge the thumbs up – days after saying Aramco should list in the US November 7, 2017 Donald Trump might be in Asia, but he’s still watching events in Saudi Arabia as they unfold – and has given the state his backing. Over the weekend, Saudi police arrested 11 princes and dozens of officials and businessmen, under the direction of crown prince Mohammed bin Salman and his father King Salman. Billionaire businessman [...]
“Strong case” for London Stock Exchange to win Saudi Aramco float says 10 Downing Street November 6, 2017 The London Stock Exchange (LSE) has a “strong case” for attracting the mega-float of part of state-backed oil giant Saudi Aramco, 10 Downing Street said today. A spokesperson for the Prime Minister said: “Obviously there are lots of big stock exchanges which have an interest in Aramco, including the London Stock Exchange, which we believe [...]
Snapchat owner Snap results: Analysts to look for positive growth in user engagement and ad revenue November 5, 2017 Analysts will be on the look out for some positive news from Snap this week as the company reports third quarter earnings, with user engagement and advertising revenue growth set to go under the microscope. The Silicon Valley tech firm and maker of messaging app Snapchat has floundered since its float on the New York [...]
President Donald Trump has spoken to Saudi king about Aramco listing in US on NYSE or Nasdaq November 5, 2017 Donald Trump has spoken with the Saudi king about listing oil giant Aramco in the US, the President has revealed, and it’s something the country is considering. Speaking on a visit to Japan on Sunday Trump said he “just spoke to the king a while ago and they will consider it”. It comes a day [...]
Billionaire Saudi prince with Twitter, Apple, Canary Wharf and London Savoy investments Alwaleed bin Talal detained in anti-corruption crackdown November 5, 2017 The billionaire Saudi prince Alwaleed bin Talal known for his investments in top tech firms such as Twitter and Apple, has been detained as part of an anti-corruption crackdown by the country’s crown prince Mohammed bin Salman. Shares in his Saudi-listed business Kingdom Holdings plunged more than nine per cent on the Saudi stock exchange [...]
Trump makes Twitter bid for Saudi Aramco to list on New York Stock Exchange November 4, 2017 After a very brief hiatus on Thursday, Donald Trump is back on Twitter. And he’s wasted no time in getting back to trying to Make America Great Again. First order of business: bolstering the New York Stock Exchange. Trump tweeted today that he would “very much appreciate” Saudi Aramco choosing New York for its IPO. [...]
Brewdog considers New York Stock Exchange float in London snub October 19, 2017 Brewdog could snub London to list in the US when the beer business floats. Co-founder James Watt said in an interview with City A.M. that the irreverent Scottish brewery could choose the New York Stock Exchange for an IPO. It follows a push by Brewdog to expand into the US, having built a brewing facility [...]
Saudi Aramco refutes claims IPO to be shelved as the Investment Association objects to the bending of London listing rules October 15, 2017 Saudi Aramco has refuted reports that its planned float is set to be shelved. The group was addressing claims in the Financial Times over the weekend that the oil giant was considering shelving plans for an international listing in favour of a private share sale to the world’s biggest sovereign wealth funds and institutional investors. [...]
Prominent investor group the International Corporate Governance Network (ICGN) adds forceful objection to FCA’s Saudi Aramco listing plans October 12, 2017 A prominent investor group has strongly objected to controversial plans to allow sovereign companies such as Saudi Aramco lower transparency requirements to list in London, with a consultation by the City watchdog closing tomorrow. Under the plans put forward in July by the Financial Conduct Authority (FCA), state-owned companies such as Aramco will qualify for [...]
David Cameron gets his first post-Brexit vote private sector job with US payments company October 9, 2017 David Cameron has gained his first big private sector job since stepping down as Prime Minister after being on the losing side of the Brexit referendum last June, with a US payments technology firm. Cameron will assist with business development as well as joining the international advisory board of First Data, a New York Stock [...]