A startup sprouting up across London could be getting a massive investment from Softbank January 31, 2017 A startup that seems to be on almost every corner in the centre of London these days could be about to land a major investment from Softbank's massive $100bn tech fund, according to reports. WeWork, a co-working space which already has 12 locations in the capital, could be the first investment made by the Japanese firm's new Vision Fund, [...]
Trump effect? Warren Buffett has bought $12bn worth of stock since the US election January 31, 2017 Legendary investor Warren Buffett aka the sage of Omaha has added $12bn (£9.6bn) worth of stock to Berkshire Hathaway since the US election in November. “We’ve, net, bought $12bn of common stocks since the election,” Buffett said in an interview. US stocks boomed after Donald Trump was elected US President in November as investors and analysts hoped [...]
Cheeky IPO? Nando’s is considering a float January 30, 2017 Nando's, the South African restaurant chain famous for its spicy peri-peri chicken, is reportedly considering a cheeky initial public offering (IPO). Sources told Bloomberg Nando's is in the process of speaking to advisers and planning a share sale. Among its options, the Johannesburg-based company is mulling a London listing, the unnamed sources said. In a statement, a spokesperson [...]
Airline shares are falling thanks to the Trump travel ban January 30, 2017 Airline shares were among some of the worst-hit stocks on both sides of the pond today, as Donald Trump's travel ban to citizens of seven countries in the Middle East and North Africa began to sink in. In the UK, International Airlines Group (IAG), which owns British Airways, Aer Lingus, Iberia and Vueling, fell almost [...]
Biotech giant backed by Sir Chris Evans set to float in London for up to £100m this year January 29, 2017 UK healthcare giant Arix Bioscience, backed by bitoech entrepreneur Sir Chris Evans and City high fliers, is gearing up to float on the London Stock Exchange over the next couple of months, industry insiders have told City PM The company, which is headquartered in London, could raise up to £100m in its initial public offering this year. [...]
Sterling falls against the dollar ahead of Trump’s May day January 27, 2017 Negotiations between Theresa May and Donald Trump will remain under wraps until this evening – but the UK is already losing out to the US in the currency stakes, with the pound falling in late morning trading. Having edged briefly above $1.26 earlier this morning, sterling fell as low as $1.2524 in late morning trading, [...]
Donald Trump’s wall prompts investor stampede for infrastructure January 27, 2017 Donald Trump’s promises to build a massive wall with Mexico as well as to revive oil pipelines have prompted an investor rush to gain exposure to infrastructure assets. Inflows into funds focused on investments in the infrastructure sector surged in the last week, according to data provider EPFR. On assuming the US presidency, Trump signed [...]
Fabulous Brexit, Chinese implosion: The feasible scenarios markets are ignoring January 27, 2017 The exquisite unpredictability of markets was on full parade in 2016, and investors are still breathless. Very few believed populist anger would lead to a Brexit or a President Trump, or that a crashing oil market would be rescued by a deal underpinned by Saudi altruism towards Iran. Indeed, markets are replete with occurrences which [...]
Saudi Aramco IPO: UK-based consultancy firm said to land role in mega-float January 26, 2017 A UK-based consultancy firm was reportedly hired for work on what is expected to be the world’s largest-ever initial public offering (IPO). Gaffney, Cline & Associates (GCA), which is headquartered in Alton, Hampshire, was selected to assess Saudi Aramco’s crude oil reserves, the Wall Street Journal first reported. The audit is said to have now completed, [...]
Industrials firms are expected to make a comeback on Aim in 2017 January 26, 2017 Miners and oil and gas companies are expected to make a comeback on the junior flotation market in 2017, but realistic pricing and high quality prospects will be critical to their success, new research suggests. A much improved initial public offering (IPO) market is expected for industrials firms as commodity prices continue to rise, Alternative Investment Market [...]
