Morgan Stanley to buy brokerage firm E-Trade in $13bn deal February 20, 2020 Morgan Stanley is to buy discount brokerage firm E-Trade in an all-share deal worth around $13bn (£10bn), the biggest deal by a major Wall Street bank since the financial crisis. The deal will help Morgan Stanley boost its wealth management division, which chief executive James Gorman is trying to grow in order to help the [...]
Morgan Stanley fined €20m as French regulator accuses it of sovereign bond price manipulation December 10, 2019 Morgan Stanley has been issued a €20m (£16.8m) fine by French regulators after its London desk faced accusations of using “pump and dump” tactics to manipulate sovereign bond prices. France’s stock market regulator, the Autorite des Marches Financiers (AMF), said the bank manipulated prices on 14 French government bonds and eight Belgian bonds in June [...]
Trainline IPO: Rail app seeks to raise £75m from June float May 29, 2019 Trainline hopes to raise at least £75m when it floats on the London Stock Exchange next month, it said today. Read more: Trainline confirms intention to float in London IPO The ticket-booking app expects to launch its initial public offering (IPO) next month, when it is confident of raising enough capital for a listing on [...]
These are the top 25 best-paying companies in the UK May 23, 2019 A report released today has revealed that the UK's 25 highest paying company's offer staff between £61,000 and £90,000 as a median compensation package. The list by job site Glassdoor is dominated by finance and tech firms, three of which have their headquarters in the UK. John Lamphiere, EMEA managing director at Glassdoor, said: “It [...]
Trainline will float 25 per cent of share capital in ‘£1.5bn’ London IPO May 22, 2019 Trainline has announced its intention to file for an initial public offering (IPO) today with plans to float at least 25 per cent of its issued share capital on the London Stock Exchange. Read more: Trainline mulls £1bn sale as IPO plans build up head of steam The UK rail bookings app's owner, Victoria Investments, could also [...]
Trainline owner mulls £1bn sale as IPO plans build up head of steam May 15, 2019 The owner of ticketing firm Trainline is reportedly exploring a sale of the company alongside plans for a £1bn stock market listing. Read more: UK's biggest travel booking app Trainline considers £1bn flotation US investment giant KKR, which has owned Trainline since 2015, has approached a number of private equity groups to gauge interest in [...]
Revealed: Elon Musk’s half-a-billion dollar debt to banks helping Tesla fundraise May 3, 2019 Tesla boss Elon Musk personally owes $507m (£389m) to the Wall Street banks helping the electric car firm raise up to $2.3bn, it emerged yesterday. Read more: Tesla looks to strengthen with $2.3bn fundraising round The lending was disclosed in a Tesla prospectus for the fundraising, and showed the debt to be $117m less than [...]
Revealed: Elon Musk’s half-a-billion dollar debt to banks helping Tesla fundraise May 3, 2019 Tesla boss Elon Musk personally owes $507m (£389m) to the Wall Street banks helping the electric car firm raise up to $2.3bn, it emerged yesterday. Read more: Tesla looks to strengthen with $2.3bn fundraising round The lending was disclosed in a Tesla prospectus for the fundraising, and showed the debt to be $117m less than [...]
Anglo American gears up for takeover fight with mining tycoon Anil Agarwal April 21, 2019 Anglo American has called in the support of three investment banks to help it fend off a hostile takeover bid from mining tycoon Anil Agarwal. The London-listed mining firm has asked its advisers Morgan Stanley, Goldman Sachs and Centerview to draw up a plan to defend the company against Volcan Investments, Agarwal’s holding company, according [...]
Corbyn is as much a threat to the City as a no-deal Brexit April 16, 2019 The Prime Minister is currently on a walking holiday in Wales, while parliament is on Easter recess. This would be a moment for calm, except that Theresa May’s infamous walking holiday in April 2017 ending in her calling an unexpected General Election. Avid Westminster watchers are nervously wondering whether another snap poll is imminent. While [...]