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 [...]
FTSE tumbles to three-month closing low on energy worries June 23, 2011 MINERS and energy stocks were the worst hit members of Britain’s sharply lower FTSE 100 index yesterday, hit by heightened fears of a slowdown in global growth. The FTSE 100 ended down 98.61 points, or 1.7 per cent, at 5,674.38, its lowest close since 16 March when markets were plunging in the immediate aftermath of [...]
Russia’s lucrative residential offering June 23, 2011 WITH luxury property developer Yoo launching two new developments in Moscow this year, buying a home in Russia’s booming financial hub looks a more tempting prospect. While the heady days that saw Moscow’s property prices rocket 110 per cent in value are behind us, the more mature market for homes in Moscow is still intriguing. [...]
UBS BRINGS OUT IPADS TO SECURE €7BN FLOAT June 22, 2011 IT IS bigger than Glencore and the largest lottery IPO in history. So it is little wonder the global investment banks are pulling out all the stops to be appointed as advisers on the multibillion-euro float of the Spanish national lottery. The Spanish government hopes to raise between €6.5bn and €7.5bn by issuing 30 per [...]