Canada issues vote of confidence in London’s future with new export hub September 19, 2016 Canada is to open a brand new trade hub in London this week in a big vote of confidence in the capital's post-referendum economy. Export Development Canada (EDC), the Canadian government's official export support service designed to help its firms crack in to new markets and win investment from around the world, will launch its second European operation at [...]
Dear Juncker, more integration is not the answer to EU woes. Focusing on cooperation between states might do the trick September 19, 2016 The EU’s head honcho, Jean-Claude Juncker, was in the news last week for the televisual highlight of all good Europeans: his annual State of the Union address. It was a sombre affair, unlikely to cheer up anyone’s Wednesday morning. It sounded like a eulogy, and Juncker should at least be commended for his honesty. Addressing members [...]
Air Astana to outline plans for London IPO September 19, 2016 Kazakhstan flag carrier Air Astana will detail plans for its initial public offering today, with London in line to be chosen for a secondary listing. In a presentation today it’s expected the company will outline how much of it will be sold. The IPO is currently scheduled for between October next year and October 2018. [...]
Central banks have been “overburdened for far too long” by markets, says Bank for International Settlements September 18, 2016 Recent financial market events have demonstrated how dependent they have become on central banks, the Bank for International Settlements (BIS) has said. And central banks have been “overburdened for far too long”, said Claudio Borio, head of BIS’ monetary and economic department. “Developments in the period under review have highlighted once more just how dependent on central [...]
Hollywood Bowl float expected to kick off strong period for London IPO market September 18, 2016 Hollywood Bowl is set to float on the London Stock Exchange (LSE) this week, kicking off what is set to be an active post-summer period for the market in initial public offerings (IPOs). “If the markets hold up, then I think we’re going to be very busy,” Mark Austin, a capital markets partner at law firm Freshfields [...]
Head of Germany’s central bank warns EU against further integration after Brexit September 18, 2016 The head of Germany’s central bank has warned the EU against pushing for further integration after the UK’s Brexit vote. Jens Weidmann, the president of Deutsche Bundesbank, said this approach “no longer resonates with the public”. In a meeting with media organisations including the Guardian, Weidmann said: “For many of its citizens, Europe has indeed [...]
Mmmm: Doughnut company Krispy Kreme prepares for London float September 18, 2016 Doughnut company Krispy Kreme is progressing with its plans for an initial public offering (IPO) in London. The UK arm of the American company, which is controlled by private equity firm Alcuin Capital, is planning to float on the London Stock Exchange next month. Read more: Premier listing: Fund manager plots London Stock Exchange flotation The float, [...]
Premier listing: Fund manager plots London Stock Exchange flotation September 18, 2016 Fund management company Premier Asset Management is considering a float on the London Stock Exchange this year. Keefe, Bruyette & Woods and Numis are advising the firm on the possible initial public offering (IPO). The flotation discussions come nine years after Guildford-based Premier was taken private by Electra Partners. Read more: Another London Stock Exchange strike: Hollywood [...]
RIP Grexit? Citi says it no longer believes Greece will leave the EU September 16, 2016 Remember Grexit, the EU-changing event that didn't happen before Brexit did (almost) happen? Citi, the lender whose chief economist coined the term, has said it is now so unlikely it is removing it from its baseline scenario. RIP Grexit. In a note today analysts said although bailout negotiations between Greece and its so-called troika of creditors – the [...]
US inflation just about beat economists’ expectations last month September 16, 2016 US consumer price growth came in slightly better-than-expected last month, according to official data released today. The Labour Department said today that the consumer price index (CPI) rose 0.2 per cent last month after it remained unchanged in July. In the 12 months to August, the CPI swelled 1.1 per cent after increasing 0.8 per cent in [...]
