Rosenblatt launches litigation fund post-stock market float September 18, 2018 City law firm Rosenblatt launched a £2m litigation fund today as it announced its maiden results to the stock market. The firm became just the fourth law firm to list on the London Stock Exchange when it raised £43m from investors in May. Today it announced a subsidiary, Rosenblatt Litigation Funding, with £2m from the [...]
City broker Cenkos’ shares crash as profits fall 90 per cent September 18, 2018 City broker Cenkos’ shares fell seven per cent in early morning trading today as it revealed a 92 per cent plunge in profits. Read more: Volkswagen drives truck and bus division IPO plans forward The figures The stockbroker’s post-tax profits dropped to just £300,000 for the six months ending June, compared to the £3.7m it [...]
City broker Cenkos’ shares crash as profits fall 90 per cent September 18, 2018 City broker Cenkos’ shares fell seven per cent in early morning trading today as it revealed a 92 per cent plunge in profits. Read more: Volkswagen drives truck and bus division IPO plans forward The figures The stockbroker’s post-tax profits dropped to just £300,000 for the six months ending June, compared to the £3.7m it [...]
Outdated research is driving markets towards a pedestrian investment environment September 18, 2018 The equity research industry has had to contend with a wave of changes over the past few years. The growth of passive investing, increased in-house research capabilities, and new fintech challengers have all placed significant strains on the business model of a traditional equity analyst. It was the implementation of the revised Markets in Financial [...]
Outdated research is driving markets towards a pedestrian investment environment September 18, 2018 The equity research industry has had to contend with a wave of changes over the past few years. The growth of passive investing, increased in-house research capabilities, and new fintech challengers have all placed significant strains on the business model of a traditional equity analyst. It was the implementation of the revised Markets in Financial [...]
Why timing is essential when it comes to emerging markets September 17, 2018 Whether the big re-pricings that have occurred in Argentina and Turkey were rare events limited to those countries, or part of a wider pattern that could have further systemic implications, is a topic that frequently comes up on CNBC’s Street Signs. More often than not, our guests have leaned toward the former. Both countries have large [...]
Why timing is essential when it comes to emerging markets September 17, 2018 Whether the big re-pricings that have occurred in Argentina and Turkey were rare events limited to those countries, or part of a wider pattern that could have further systemic implications, is a topic that frequently comes up on CNBC’s Street Signs. More often than not, our guests have leaned toward the former. Both countries have large [...]
Volkswagen drives truck and bus division IPO plans forward September 17, 2018 Volkswagen is pushing ahead with proposals for a stock market listing of its truck and bus division with an aim to be market ready by the end of the year, the car manufacturer announced today. Traton Group, which owns brands such as Man and Scania, will bring a team of investment banks and legal advisors on board to prepare the potential [...]
Volkswagen drives truck and bus division IPO plans forward September 17, 2018 Volkswagen is pushing ahead with proposals for a stock market listing of its truck and bus division with an aim to be market ready by the end of the year, the car manufacturer announced today. Traton Group, which owns brands such as Man and Scania, will bring a team of investment banks and legal advisors on board to prepare the potential [...]
Sirius Minerals signs Brazilian supply deal for its Yorkshire mine September 17, 2018 Sirius Minerals has signed a new supply deal in Brazil for its Yorkshire mine as it continues to recover from soaring project costs. The company's shares tumbled more than 18 per cent earlier this month when the miner said it may need an extra $600m (£456m) to construct its mine under the North York Moors. Last [...]