Aston Martin staff set for cash reward as it gears up for IPO September 30, 2018 Aston Martin employees will be given one-off cash rewards to buy their own shares as the luxury car maker gears up to go public this week. Institutional investors, staff and customers will be able to by shares in its £5bn float from Wednesday, although private investors won't be able to deal in the shares until [...]
AIM high as daily share trading on alternative market hits record highs September 30, 2018 The value of traded shares on alternative exchange AIM more than tripled in two years, a new report has found. Spurred by success stories like ASOS, Boohoo and Fever-Tree, the average value of daily trading per company on the market grew to £328m, up from £109m in 2015/16, accountants UHY Hacker Young said. The growth [...]
Mark Mobius investment trust IPO falls £100m short of target September 27, 2018 Emerging markets veteran Mark Mobius' investment trust has raised £100M through an Initial Public Offering (IPO), which is half of the target amount. Mobius Capital Partners announced it would target £200m for the trust, which will invest in small to mid cap emerging and frontier markets, earlier this month. Read more: Mobius to raise £200m for emerging markets [...]
Sirius Minerals on track to complete Yorkshire mine but still chasing up to $600m September 27, 2018 Sirius Minerals expects to secure $3bn (£2.3m) funding towards its Yorkshire mine by the end of the year but is still exploring options to plug a cost overrun of up to $600m. The company, constructing a polyhalite mine under the North York Moors, said the project remained on track to be completed in 2021, [...]
BP wins approval for £200m North Sea project to produce 30m oil barrels September 27, 2018 BP has won approval for its £200m Vorlich project in the North Sea, which could produce 30m barrels of oil. The government-backed Oil and Gas Authority (OGA) approved the industry giant's development, which could now come on stream in 2020. BP expects the two-well development, 150 miles off the coast of Aberdeen, to produce 20,000 barrels [...]
Peter Hambro returns to Petropavlovsk after shareholder ousting September 27, 2018 The co-founder of Russian gold miner Petropavlovsk has returned to the company after being ousted as chairman by shareholders last year. Read more: Gold giants set to merge in shock $18.3bn deal Shares jumped from 6.48p to 6.85p this morning before falling back to 6.37p as Petropavlovsk announced that Peter Hambro has been appointed as president [...]
Trading platform IG’s boss steps down amid regulatory uncertainty September 27, 2018 Online trading platform IG’s chief executive, Peter Hetherington, is set to stand down immediately, as European regulations begin to bite. Hetherington’s three-year tenure as group chief executive draws to a close today, though he will stay on to help manage the search for a successor at the spread betting platform. Chief financial officer Paul [...]
Crypto giant Bitmain reveals all in prospectus for Hong Kong IPO September 26, 2018 Bitcoin mining giant Bitmain published information about its books for the first time today, in a regulatory filing which also confirmed its intention to pursue a public listing on the Hong Kong stock exchange. The statements revealed some heady growth for the world's largest mining firm as profits soared to $742.7m (£563.3m) in the first half [...]
Funding Circle cuts price range for IPO with valuation set for £1.5bn September 26, 2018 Peer-to-peer lending platform Funding Circle has cut the price range for its initial public offering (IPO), according to a bookrunner on the deal. The London-based fintech firm had set a price range of 420p to 530p per share but it has now tightened the range to 440p to 460p per share. Books are set to [...]
Oil price rally cools but war of words intensifies as Iran and Trump exchange jibes September 26, 2018 The oil price rally has cooled off after the US said it would ensure the market was well supplied before imposing sanctions on Iran and Donald Trump continued his attacks on Opec. Brent Crude Oil dropped to $81.62 per barrel on Wednesday from a four-year high of $82.55 the previous day – WTI Crude [...]
