London IPO market is hit by Greek default worries July 6, 2011 FEARS over a Greek debt default and the financial stability of the Eurozone have hit investor appetite for new company share offers in London, a new report out today from PricewaterhouseCoopers (PwC) finds. IPO delays and withdrawals have plagued the market, with the super-floats of Glencore and Vallares helping to materially boost the performance of [...]
London IPOs flagging behind rest of world July 5, 2011 THE LONDON market for new company share offers is lagging behind the rest of the world, a report out today by Ernst & Young claims. The total value of capital raised from initial public offerings (IPOs) in the second quarter of this year hit $64.6bn (£40.2bn), up 38 per cent on the same period a [...]
GLENCORE’S GLASENBERG SHOWS HIS SOLIDARITY July 3, 2011 GLENCORE boss Ivan Glasenberg is notoriously elusive – but one event that persuaded the commodities billionaire to make a rare public appearance was a high-level mining industry dinner at Lord’s Cricket Ground in St John’s Wood. Glasenberg was no doubt drawn to the fifth London event of The Melbourne Mining Club last week by the [...]
Glencore may switch reporting June 30, 2011 GLENCORE, the newly-listed commodities group that released its maiden quarterly results two weeks ago, may switch to reporting half yearly, analysts have said. Some of the leading investment banks who worked on Glencore’s float began their coverage on the commodities giant yesterday. Analysts at Credit Suisse said: “The company hopes to move from quarterly to [...]
OTHER PRIZE SPONSORS BY CATEGORY FOR THIS YEAR’S CITY A.M. AWARDS June 30, 2011 Saxo Bank is a global investment bank specialising in online trading and investment across the international financial markets. Saxo Bank enables private investors and institutional clients to trade forex, contracts for difference, exchange-traded funds, stocks, futures, options and other derivatives via multi-award winning online trading platforms, as well as offering professional portfolio and fund management. [...]
WHAT THE OTHER PAPERS SAY THIS MORNING June 29, 2011 FINANCIAL TIMES BRITISH LAND TO BUY RESIDENTIAL COMPLEX IN THE CITY British Land is in advanced talks to buy a City of London residential complex, in its first acquisition under a strategy to focus on the booming market for prime homes in the capital. The UK’s second-largest property company has agreed to buy Wardrobe Court [...]
FUND MANAGER OF THE YEAR | The Shortlist day nine June 29, 2011 Institutional investors play a critical role across the spectrum of corporate life and wealth generation in the UK. From generating households’ pension or life insurance income, to ensuring companies maintain the highest standards of corporate governance, their decisions are vital. In an increasingly globalised and competitive world, the City’s investment managers have proved themselves innovative, [...]
IPO values up despite strife June 27, 2011 THE TOTAL value of share offerings worldwide this year has hit its highest second quarter level since before the financial crisis, despite a near record number of floats having been pulled over the past three months. A combined total of $62bn (£38.7bn) worth of initial public offerings (IPOs) have been priced in the past three [...]
LAW FIRM OF THE YEAR | The Shortlist day six June 26, 2011 THOUGH pipeline deals that spurred record law firm profits last decade are yet to return, an influx of regulation and demand for innovative ways to raise capital means law firms are more in demand than ever. Whether running multi-billion pound IPOs or reforming how their businesses are run, our shortlisted firms are at the top [...]
DEALMAKER OF THE YEAR June 23, 2011 Recessions are when reputations are made, they say, and that has been true in the world of fund managers. While some have battened down the hatches, the ones on our list have seen opportunity in crisis, and pushed ahead with flotations and expansions, or have just taken the chance to expand. All are stars in [...]