Why are there stocks at all? Everyday in the news we hear about the stock exchange, stocks and money moving around the globe. Still, a lot of people don't have an idea why we have stock markets at all, because the topic is usually very dry. We made a short video about the basics of the stock exchanges. With robots. Robots are kewl! Short videos, explaining things. For example Evolution, the Universe, the Stock Market or controversial topics like Fracking. Because we love science. We would love to interact more with you, our viewers to figure out what topics you want to see. If you have a suggestion for future videos or feedback, drop us a line! :) We're a bunch of Information designers from munich, visit us on facebook or behance to say hi! https://www.facebook.com/Kurzgesagt https://www.behance.net/kurzgesagt How the Stock Exchange works Help us caption & translate this video! http://www.youtube.com/timedtext_cs_panel?c=UCsXVk37bltHxD1rDPwtNM8Q&tab=2
Views: 5612172 Kurzgesagt – In a Nutshell
Brought to you by http://www.HowToInvestInShares.co.uk - this video explains the FTSE 100 Index and introduces the other UK indices too. 0:31 FTSE 100 0:54 What Is An Index? 1:59 The FTSE 100 Index 3:27 Other Main Market Indices 5:11 Alternative Investment Market (AIM) 6:09 Summary 6:30 More information and FREE Guide at http://www.HowToInvestInShares.co.uk The first thing to say about the FTSE 100 is that it is a UK index. Therefore it is to do with shares that are on the London Stock Exchange in the UK and it is an index. So what do we mean by an index. An index is a way of understanding whether the overall market or the shares in the index element of the market have gone up or down over a period of time and by how much. It does this by starting at a point in time and a particular value in time. So in terms of the FTSE 100 index, it was started back in 1983 and it was started with a value of 1,000. That's not a price and it's not a cost. It's just a number, an index number that it started with and at the time of making this video, the FTSE 100 index is round about the 6,000 mark. That means the index has gone up by 6 times in between 1983 and around March-April time of 2012 and by doing so it has vastly outstripped the value of inflation and of bonds and of savings and of any other form of investment that you could have made in that period of time. So what is the FTSE 100 index then? Well, the FTSE 100 index is the top, or the largest, 100 shares on the UK stock market. Of course, as the share prices of those 100 companies change over time, that means the value of those companies change over time and the FTSE 100 index needs to keep in it the top 100 companies. So every quarter, four times per year, the constituents i.e. the companies that sit in that FTSE 100 index, change. So those that are no longer in the top 100 drop out of the index and those that have now grown in size and ought to be in the FTSE index come into the index. In reality, it is a little bit more complicated than that. There are some rules associated with that so they don't get too much change from quarter to quarter but essentially that is the concept. So as we go forward in time, the FTSE 100 index always keeps in it, more or less, the top 100 companies by size. All of the companies in the FTSE 100 index are part of the London main market. As I've said, the FTSE 100 index comprises the largest 100 companies and together they make up about 81% of the total value of all of the companies in the UK main market. The next 250 companies by size are known as Midcaps and they are in the FTSE 250 index and by value they represent about 15% of the total value of the UK main market. Taken together the FTSE 100 and FTSE 250 are known as the FTSE 350 index and obviously that makes up about 96% of the value of the companies in the market. The FTSE Smallcap is the next tier of companies and these make up about 2% of the market. If we add together the FTSE 100, the FTSE 250 and the FTSE Smallcap, then we get another index that is known as the FTSE All Share index. There are yet even more companies that are far too small to be in any of those other indexes that I have already mentioned and they sit in what is known as the FTSE Fledgling index, which when added to the other indices mentioned, comprise the UK main market in total. Now, as well as the main market there is another market known as the Alternative Investment Market or AIM, for short. This was set up fairly recently and its purpose was to allow smaller companies to come onto the London Stock Exchange and therefore to raise finance for their business by getting investors to buy their shares. The rules associated with AIM companies are not as stringent or as difficult to qualify for as they are on the main index. Hence why AIM companies, AIM shares, are classed as a bit riskier than those on the main index because the rules to qualify as an AIM company and float on the AIM market are not as stringent. If you've enjoyed this video, please click the like button below and share it with your friends and remember to SUBSCRIBE! You can also find lots more information and a FREE gift available at my blog: http://www.HowToInvestInShares.co.uk
Views: 36171 SharesCoach
Avi Taub, chief executive of Shefa Yamim A.T.M Limited (LON:SEFA), speaks to Proactive a day after kicking off trading on the London Stock Exchange’s official list, following a placing and subscription at 110p per ordinary share. The company raised gross proceeds of £4.15mln, through the placing and a conversion of existing loans, and based on the placing price, the company’s initial market capitalisation was approximately £15.3mln. The company was a 75% owned subsidiary of Shefa Yamim Ltd, which is listed on the Tel Aviv Stock Exchange, but following the London float, the shareholding of Shefa Yamim Ltd has reduced to 48.9%.
Views: 492 Proactive Investors Stocktube
(27 Jul 2004) SHOTLIST 1. Wide shot new London Stock Exchange 2. Royal car approaches to applause of crowds 3. Queen Elizabeth II and Duke of Edinburgh and get out and meet Christopher Gibson-Smith, chairman of the London Stock Exchange, and others 4. Wide shot interior new London Stock Exchange and The Source in centre 5. Gibson-Smith invites Queen to put hand on ball to set The Source (artwork) in motion, she does, pull out to The Source as balls start to rise in the air 6. Closer shot balls rising 7. Close up Queen watching and smiling, Gibson-Smith 8. Wide shot balls static up in the air 9. Mid shot Queen meets woman who looks after the markets 10. Close up as Queen talks to her, smiles 11. Wide shot reception room, Queen looking at model of new London Stock Exchange 12. Closer shot Queen looking at model 13. Wide shot atrium 14. Queen is presented with bouquet by little disabled girl 15. Wide shot exterior front, crowds 16. Queen talks to crowds 17. Duke talks to crowds 18. Queen and Duke climb into car, applause 19. Cutaway crowd, pan to royal car driving away, royals wave from back STORYLINE Britain's Queen Elizabeth II opened the new London Stock Exchange on Tuesday, marking a move from its old home of more than 200 years. The new building at Paternoster Square, near St. Paul's Cathedral, does not have a trading floor, reflecting the style of trading in the electronic age. Instead, it will be used as a centre for meetings and conferences. The queen officially opened the building by switching on The Source, a commissioned artwork in the main lobby of the new building. She placed her gloved hand on an electronic ball and 729 spheres, suspended on metal cables, began to levitate. A quizzical Duke of Edinburgh looked on as the white globes rose into the air and formed seemingly random patterns the height of London's new Stock Exchange building. The Source, designed by the British artist collective, Greyworld, will mark the start and finish of each day's trading and indicate the state of the London market, whether it is up or down. Just as a famous bell is rung to commence and cease trading on New York's Wall Street, in London there are now the floating balls. The new building is a far cry from the coffee houses of 17th century London where the exchange began. It traded for more than 200 years in buildings in Old Broad Street, but after a final renovation in 1972 that location was deemed outdated. "The queen opened the former Stock Exchange Tower in 1972, and we are delighted that she has returned to open our new headquarters," said Christopher Gibson-Smith, chairman of the London Stock Exchange. "The contrast between the two buildings underlines just how much the London Stock Exchange has changed in the last 30 years," he added. You can license this story through AP Archive: http://www.aparchive.com/metadata/youtube/6bb9d742a941cf630a4f0a455c38679d Find out more about AP Archive: http://www.aparchive.com/HowWeWork
Views: 2628 AP Archive
eve opened the London Stock Exchange on Thursday 18th June 2017 marking the first retail IPO of the year, raising £35m with a float on AIM. Jas Bagniewski, Chief Executive Officer of eve, said: "Today marks a new dawn in our vision to be Europe’s leading sleep brand. With our simplified direct to consumer proposition, we are disrupting a fragmented European market, which is forecast to be worth approximately £26 billion by 2019. The funds raised will accelerate our growth strategy including through deepening penetration within our ten existing markets, as well as expanding our product range. Eve has a clear growth strategy, an experienced management team and a scalable operational model to continue building on its momentum. We thank our existing investors for their continued support and welcome our new shareholders. We look forward to the future with real confidence and delivering long term value for all stakeholders."
Views: 902 Eve Sleep
The team at Norfolk success story Angling Direct tell Neil Perry how they went from one shop in Wroxham, to a multi-million pound business that is now listed on the London Stock Exchange. Norfolk Now is the YouTube channel that gives you the best local stories from across Nelson's county. Tune in for the latest videos on news, sports, food & drink, history, entertainment and more... Subscribe Now - https://goo.gl/IsvTVY
Views: 317 Norfolk Now
This is the story of two men and one dream. Ian Livingstone and Steve Jackson opened the Games Workshop, a fantasy games shop started in west London forty years ago. Little did they know then that it would be the start of something big, creating a lasting legacy in the world of fantasy, fiction and the board game industry.
Views: 4577 BBC London
Michael Infante, Chief Executive and Chairman of One Media iP Group Plc opens the London Stock Exchange on the Groups first day o trading on AIM - 18th April 2013.
Views: 803 onemediamusic
In this lecture we describe what is meant by 'free float' stock, how it is defined, why it is a useful measure, and where it is used by index construction companies and exchanges for different purposes. We explain why free float capitalisation is different from total market capitalisation and how which three groups are placed into the 'non-free float' category. Previous: http://www.youtube.com/watch?v=2rACli17c-c Next: http://www.youtube.com/watch?v=G_jbOJn_JLg For financial education from London to Singapore and beyond, please contact MithrilMoney via the following website: http://mithrilmoney.com/ This MithrilMoney lecture was delivered by Andy Duncan, CQF. Please read our disclaimer: http://mithrilmoney.com/disclaimer/
Views: 7168 MithrilMoney
Emma Titmus, Primary Markets, London Stock Exchange explains how to float your company on the LSE and the various options for this.
Views: 75 ICA Conference
What is the stock exchange & how does it work? Hi everyone, today we're sharing our dummies guide to the stock market for those of you who want a brief introduction to the world of stocks, shares, FTSEs and NASDAQs ;) TOPICS COVERED: What is the stock exchange/ stock market? How does the stock exchange/ stock market work? What happens when a company goes public? What is a shareholder? What are share indexes? The FTSE, NASDAQ, Dow Jones, S&P 500 explained The FTSE 100 explained
Views: 125885 LondonCityGirl – Knowledge
According to a report from Sky News, Aston Martin is close to announcing plans to go public with an IPO on the London Stock Exchange. A listing on the New York Stock Exchange has also reportedly been considered. In December of last year, news broke that the company's owners had hired financial advisory firm Lazard to prepare for a potential offering. The report suggests that the British automaker is looking at an offering of $1.29 billion (£1 billion) in shares and an overall company valuation of around $6.44 billion (£5 billion). An Intention To Float statement could be filed as early as next week, says Sky. . . . . . . Help us to be better -- Subscribe this channel https://www.youtube.com/channel/UCCeXTPuN23WaP8NotLtv_Nw?view_as=subscriber Backsound Free Royalty License by "Music: www.bensound.com or "Royalty Free Music from Bensound"
Views: 44 Travel Oke Oce
Mark Fahy of the LSE talks about going for it and getting on
Views: 6 Wild Business
Shoemaker to the stars Jimmy Choo stepped out Friday on the London stock market, in a float valuing the business at $877 million. Its owner, investment firm JAB Luxury, had sold a 25.9-percent stake in the partial initial public offering. The company said in a statement, "We welcome our new shareholders and look forward to sharing with them the continuing momentum of this exceptional brand.” The top-end luxury brand, whose shoes retail at between £350 and £2,100 per pair, will use the IPO proceeds to open between 10 to 15 stores a year. http://news.yahoo.com/jimmy-choo-steps-london-stock-market-104308171.html http://www.wochit.com
Views: 67 Wochit Business
Welcome to the Investors Trading Academy talking glossary of financial terms and events. Our word of the day is “Alternative Investment Market (AIM)” The Alternative Investment Market is a separate market within the London Stock Exchange set up for the purpose of trading shares in small, young and growing companies. Investors have the benefit of being able to trade in these companies on a market regulated by the Exchange. The companies have the benefit of access to investment capital without the cost and regulatory burden of a full listing on the main market. The nature of these companies means that their share prices are likely to be more volatile. As of 2010, more than 3,000 international companies have joined the Alternative Investment Market since its launch in 1995. AIM seeks to assist smaller and growing companies in raising growth capital. Early stage businesses, venture capital-backed companies and more established businesses may join AIM to help raise the capital necessary for expansion. By Barry Norman, Investors Trading Academy - ITA
Views: 1152 Investor Trading Academy
CWU members protested outside the London Stock Exchange as Royal Mail was floated on the stock market. Demonstrators dressed as robbers with swag bags represented how private investors are being allowed to steal public assets, while others wearing Cameron, Osborne and Cable masks firmly pointed where the blame laid.
Views: 640 CWUTV
It's been confirmed - Aston Martin will float on the London Stock Exchange by the end of this year. Find out how to trade the Aston Martin IPO on our upcoming grey market on markets.com. *73% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
Views: 180 Markets.com
http://www.euronews.com/ Turning Moscow into a global financial centre. That's behind plans by the Moscow Exchange to float, a move which could raise around 380 million euros. The Exchange is Moscow's main venue for trading in stocks, bonds, foreign exchange and derivatives. Some of Russia's biggest firms, like Gazprom, and oil firm Lukoil, are listed on the exchange. The proposed float was announced in a statement and shares will be offered for sale to foreign investors as well as Russian citizens. Details of the offering were scant giving no information on its size. Find us on: Youtube http://bit.ly/zr3upY Facebook http://www.facebook.com/euronews.fans Twitter http://twitter.com/euronews
Views: 647 euronews (in English)
Sports retailer Footasylum plans to float on the London Stock Exchange in a move that could value the firm at £150 million and lead to it doubling the number of its stores.The company, owned by the founders of JD Sports, is expected to begin trading on London's junior AIM market in November.The money raised during the float will be used to plough money into opening 10 outlets a year with a target of at least 150.Footasylum boss Clare Nesbitt commenting on the float said: 'This is a logical next step in Footasylum's upward trajectory as we seek to build on our exciting product-led, multi-channel expansion strategy.'We pride ourselves on being a dynamic, adaptive and fast-moving business with a strong competitive position, a great stable of third party and own brands, and a disciplined approach to delivering sustainable growth.'We see substantial opportunities ahead across our retail, online and wholesales channels, and believe that we have the people, products and strategy to realise them.'The firm founded by David Makin and John Wardle in 2005 currently has 60 stores.Footasylum's products are aimed at 16 to 24-year-old fashion conscious customers, with the company dividing its shoppers into six core 'tribes'.Each tribe, Footasylum said, has a 'nuanced demographic and regional profile'.Last year the firm reaped £147 million in revenue and booked an operating profit of £11.2 million.Menswear accounted for 71% in the period compared with 8% for womenswear and 18.5% for childrenswear. AutoNews- Source: http://www.dailymail.co.uk/money/markets/article-4984206/Footasylum-float-Stock-Exchange-November.html?ITO=1490&ns_mchannel=rss&ns_campaign=1490
Views: 17 US Sciencetech
The Chief Executive of law firm Rosenblatt speaks to Sky’s Ian King as the company’s shares traded on the Alternative Investment Market on Tuesday. It’s become the fourth law firm to float on the London Stock Exchange, and Nicola Foulston wants to take advantage of the “fragmented market.” SUBSCRIBE to our YouTube channel for more videos: http://www.youtube.com/skynews Follow us on Twitter: https://twitter.com/skynews and https://twitter.com/skynewsbreak Like us on Facebook: https://www.facebook.com/skynews For more content go to http://news.sky.com and download our apps: iPad https://itunes.apple.com/gb/app/Sky-N... iPhone https://itunes.apple.com/gb/app/sky-n... Android https://play.google.com/store/apps/de...
Views: 2230 Sky News
Aston Martinto announce it will float on the London Stock Exchange: http://www.dailymail.co.uk/news/article-6106971/Aston-Martin-gears-announce-choose-Londons-Stock-Exchange-5bn-flotation.html. Thanks for watching, subscribe for more videos: https://www.youtube.com/channel/UCq6puMSvUFeRbquVqU4jekw?sub_confirmation=1 Brexit Britain received a boost today as it was reported that Aston Martin is gearing up to announce it has chosen the London Stock Exchange for its £5billion flotation. The sports car brand, which is famously driven by James Bond, is expected to make the announcement later this week after enjoying a record-breaking profits last year.The sale, known as an Initial Public Offering (IPO), is expected to happen in the Autumn and will see around £1bn of shares sold, which is around a fifth of the company's value, Sky News reports.The news will be cheered by the British Government and finance chiefs who are keen to see that London remains Europe's leading financial centre after Brexit. RELATED ARTICLES Previous 1 Next Jeremy Corbyn's 'Rivers of Blood' moment: Ex-Chief Rabbi... May shrugs off leadership threat from Boris Johnson vowing... Share this article Share Different stock exchanges around the world fiercely compete to get companies to choose to be listed with them.Aston Martin insiders told Sky News that the company would make the announcement when it updated the markets on its 'healthy' interim results.There has been years of speculation that the luxury car maker will float on a stock exchange, and late last year the firm hired bankers to draw up its plans.But while the car maker enjoyed record-breaking last year - reporting the highest sales in its history last year, at £876m, with pre-tax profits of £87m - it reported disappointing first-quarter results in May.Profits slumped as a result of a weaker US dollar and higher product development costs.But the half year profit results are expected to paint a far rosier picture.The iconic British brand said in February that it was considering options for an IPO.The firm is one of the most famous luxury car makers in the world, immortalised by the suave British secret agent James Bond. It makes engines for Formula 1 racing cars and is known for its slick design and powerful engines.And recently the car manufacturer has been branching out - detailing plans to build electric cars. Aston Martin has said that each of its models will be developed with hybrid technology or full battery power by 2025. The company had faced many years of financial struggle, but has turned itself around.It is currently owned by Italy's Investindustrial and Investment, and the Kuwaiti investors Dar, a Kuwaiti vehicle. While Daimler, the German car manufacturer which owns Mercedes-Benz, also has a small stake. #AstonMartinto, #announce, #will, #float, #LondonStockExchange #Aston, #Martin, #gears, #announce, #choose, #Londons, #Stock, #Exchange, #5bn, #flotation
Views: 9 Marylouise Mcmillian
The owner of Travelex and UAE Exchange is preparing to float in London for more than £1billion.Finablr, the travel money businesses’ holding firm, which is owned by United Arab Emirates tycoon Bavaguthu Raghuram Shetty, would not reveal exactly when it plans to float or how much it intends to raise.However, Shetty bought London-based Travelex in 2014 for £1billion, so the combined business is likely to have a value which is considerably more.Executive director Binay Shetty, the billionaire businessman’s son, said: ‘We continue to focus on working on the initial public offering and will come back when the time is right.’It is one of several large floats announced in the past few weeks, including broker AJ Bell and City law firm Rosenblatt.There were 16 listings in the first three months of the year, according to accountant Ernst & Young. AutoNews- Source: http://www.dailymail.co.uk/money/markets/article-5648645/Travelex-owner-Finablr-prepares-float-London-Stock-Exchange-1bn.html?ITO=1490&ns_mchannel=rss&ns_campaign=1490
Views: 56 US Sciencetech
Travelex owner Finablr prepares to float on the London Stock Exchange for more than £1bn - News Techcology The owner of Travelex and UAE Exchange is preparing to float in London for more than £1billion.Finablr, the travel money businesses’ holding firm, which is owned by United Arab Emirates tycoon Bavaguthu Raghuram Shetty, would not reveal exactly when it plans to float or how much it intends to raise.However, Shetty bought London-based Travelex in 2014 for £1billion, so the combined business is likely to have a value which is considerably more.Executive director Binay Shetty, the billionaire businessman’s son, said: ‘We continue to focus on working on the initial public offering and will come back when the time is right.’It is one of several large floats announced in the past few weeks, including broker AJ Bell and City law firm Rosenblatt.There were 16 listings in the first three months of the year, according to accountant Ernst & Young. Source: http://www.dailymail.co.uk/money/markets/article-5648645/Travelex-owner-Finablr-prepares-float-London-Stock-Exchange-1bn.html?ITO=1490&ns_mchannel=rss&ns_campaign=1490
Views: 33 News Technology
US President Donald Trump has made a public pitch for Saudi Arabia’s national oil firm Aramco as it looks to float on either the New York or London stock exchanges.Turning the fight for one of the world’s most valuable firms – valued by bosses at $2trillion – into a major political battle, Trump appealed on Twitter for it to choose the US and claimed he has discussed the matter with the Gulf state’s king.London and New York have been hoping to get a slice of Aramco, with Prime Minister Theresa May and LSE chief executive Xavier Rolet visiting the kingdom in June and the Financial Conduct Authority bending over backwards to bring it here. But it has been opposed by some investors in London, partly due to the low stake on offer – potentially just 5 per cent – when firms seeking a ‘premium’ listing are required to float at least 25 per cent.The president’s intervention threatens to increase pressure on Riyadh, which is keen to improve relations in the US and could be swayed by his description of the listing as a priority for Washington.Writing on Twitter, Trump said: ‘Would very much appreciate Saudi Arabia doing their IPO of Aramco with the New York Stock Exchange. Important to the United States!’ He later told reporters: ‘I know they’re looking at London, I know they’re looking at others. So I would like them to consider the New York Stock Exchange or Nasdaq. I just spoke to the king a little while ago, and they will consider it.’The Saudi government is trying to raise money due to low oil prices and is planning to sell about 5 per cent of Aramco next year – potentially raising about £85 billion in what would be the world’s largest initial public offering.The FCA was heavily criticised in July when it proposed a new category for sovereign-controlled firms that would allow Aramco to circumvent the 25 per cent requirements. Last week, FCA chief executive Andrew Bailey admitted he had met with the oil giant’s chief financial officer in January.At present, firms that do not meet the premium requirements must take a standard listing, which has lower corporate governance requirements and does not qualify for entry into most stock indices.Trump did not say why he raised the issue at this time or whether he was responding to any information about the NYSE’s bid.However, some recent reports – denied by Aramco – have suggested it will drop the foreign listing altogether in favour of a private sale and domestic listing.The company told the Financial Times yesterday: ‘A range of options for the public listing of Saudi Aramco continue to be held under active review.’ AutoNews- Source: http://www.dailymail.co.uk/money/investing/article-5052395/Trump-hopes-float-Aramco-place-New-York.html?ITO=1490&ns_mchannel=rss&ns_campaign=1490
Views: 7 US Sciencetech
The economic situation in Russia has been improving and consequently Russian stocks have improved too. I discuss the risks and rewards of the Russian economy and how to approach such an investment as investing in Russia is and will always be tricky. I discuss the largest Russian company, Sberbank and its stock. I also check the Russian ETF ERUS. YOu can invest in Russia mostly on the London Stock Exchange, over the counter or directly on the Moscow stock exchange. What do I do? Full-time independent stock market analyst and researcher: https://sven-carlin-research-platform.teachable.com/p/stock-market-research-platform Check the comparative stock list table on my Stock market research platform under curriculum preview! I am also a book author: Modern Value Investing book: https://amzn.to/2lvfH3t More about me and some written reports at the Sven Carlin blog: https://svencarlin.com Stock market for modern value investors Facebook Group: https://www.facebook.com/groups/modernvalueinvesting/
Views: 2268 Invest with Sven Carlin, Ph.D.
Ben Guest, head of the New Energy Division at Gresham House Asset Management, speaks to Proactive Investors about the new Energy Storage Fund that is due to be floated on the London Stock Exchange under the ticker GRID in early November. A total £200 million is being sought for investment in battery storage facilities which will support national and local grids in Great Britain.
Views: 1223 Proactive Investors Stocktube
Hackers/Founders The world’s largest network of tech entrepreneurs with currently over 200,000 members. Hackers/Founders also manages a cooperative of startup companies, called the Co-op. http://hf.cx
Views: 38 Hackers / Founders
Saudi Aramco - Floating the idea of a China buyout David Buik, Senior market Commentator at Panmure Gordon speaks to Matt Brown about the proposed float of Saudi Aramco. With the anti corruption charges ongoing in Saudi Arabia creating uncertainty in the region. With Brent Crude above $64 in value. Buik notes President Trump's interest in attracting the Aramo float to the NYSE. Buik belives however, that the SEC and NYSE do not have enough time to review and change regulation to allow for the float. The London Stock Exchange and the FTSE have the capcity to allow for a listing or partial listing in the U.K. Finally, Buik highlights that China may take the whole stake from the Saudis (circa 5%) in a deal which he believes will benefit all parties. Core Finance is part of Core London, a TV production company based in Belgravia, London. Core Finance aims to provide its viewers with insightful market commentary, helping investors navigate global financial markets. Making the content provided invaluable to viewers. Our shows are closely followed by fund managers, day traders, retail investors, company CEO's, experienced investors and those new to the financial markets. Core Finance covers all asset classes ranging from currencies (forex), equities, bonds, commodities, crypto-currencies, ETF's, futures and options. Views expressed are solely those of guests and presenters and do not constitute investment advice and are not the views of Core Finance or Core London. See More At: www.corelondon.tv Twitter: @CoreLondonTV Facebook: CoreLondonTV
Views: 717 Core Finance
SHOTLIST FILE - Moscow, 14 July 2006 1. Wide exterior of Rosneft building 2. Close-up of building 3. Mid shot of flags in front of building Moscow, 19 July 2006 4. Wide interior of Moscow Interbank Currency Exchange (MICEX) 5. People at computer desks 6. Man looking at screen 7. Close up of screen 8. Set up shot Head of MICEX, Aleksey Rybnikov 9. SOUNDBITE: (Russian) Aleksey Rybnikov, Head of MICEX: "From the exchange's point of view, we're interested in the volume. That's the goal for the exchange, the liquidity, the pool of liquidity that we're able to concentrate here. Again, given the size of the IPO (Initial Public Offering), given the free floats of this company, and given the number of investors involved in the IPO, we really expect Rosneft to become one of the blue chips on the Russian security market." 10. Wide interior Russian Association of Managers 11. Economist from the Russian Association of Managers, Alexander Dynin, sitting down 12. SOUNDBITE: (English) Alexander Dynin, economist, Russian Association of Managers: "Well, at the moment it looks like a good investment. In the longer term, we'll see what will happen, but in the short term and medium term, it looks like an excellent investment." 13. Cutaway Dynin at computer 14. SOUNDBITE (English) Alexander Dynin, economist, Russian Association of Managers: "The performance of oil and gas companies is highly dependent on the price situation at the global markets. If oil and gas prices remain high, then the future of oil and gas companies such as Rosneft is of course bright. Should they fall for some reason, then we'll see." 15. Wide exterior of MDM Bank (Russian bank) 16. Wide interior of MDM with people at computers 17. People working at screens 18. Close up of screen 19. Close up of screen showing information on Rosneft shares STORYLINE: Rosneft shares got off to a tepid start in London on Wednesday proof, analysts said, that the state-controlled oil company had slapped too high a price on Russia's biggest and most controversial public offering. Official trading opened one day after Russian oil company OAO Yukos failed to convince a British judge that allowing the shares to trade would constitute the sale of stolen goods. Yukos' biggest fields were bought by Rosneft at a knock-down price after they were auctioned off against its 28 (b) billion US dollar back tax bill in 2004. Shares in Rosneft were trading at 7.54 US dollars on the London Stock Exchange, below the offer price of 7.55 US dollars. At that price, Russia's third largest oil producer is worth 79.8 (b) billion US dollars, more than OAO Lukoil, which is the nation's biggest oil producer and is unencumbered by Yukos' threats of a lifetime of litigation. Analysts say the only way Rosneft is worth that amount is if it can gather up the remaining assets of Yukos, whose fate hangs in the balance as creditors meet on Thursday to decide whether or not the company should be liquidated. "At the moment it looks like a good investment. In the longer term, we'll see what will happen," said economist Alexander Dynin, the First Deputy Executive Director at the Russian Association of Managers. The 10.4 (b) billion US dollars raised from the sale of 13 per cent of Rosneft's stock is nominally aimed paying down a loan the state took to cement control of natural gas monopoly OAO Gazprom. But observers say the main function of the sale is to put a respectable veneer on the state's drive to regain control of the oil industry, which began with the campaign against Yukos. And after a massive promotional campaign trumpeting the company's prospects and stability to Russian citizens, who bought about four per cent of what was on offer, analysts say the IPO cannot be allowed to fail. You can license this story through AP Archive: http://www.aparchive.com/metadata/youtube/f242d14c7e562ba4b3ab026d9f7b080d Find out more about AP Archive: http://www.aparchive.com/HowWeWork
Views: 261 AP Archive
A biotech company pioneering blood cancer treatments is to unveil a tie-up with Oxford University this week, a month after listing on the London Stock Exchange.Hemogenyx is developing antibodies to treat leukaemia and lymphoma that it hopes will eliminate the need for chemotherapy and radiotherapy.These treatments will target only affected cells, meaning more patients will be able to undergo bone marrow transplants, required in recurring cases of blood diseases. The link-up with Oxford will test if the process makes blood cells healthy.Hemogenyx chief Dr Vladislav Sandler said the link-up could ‘completely transform’ the treatment of blood cancers. Shareholders of Hemogenyx include ‘Ivy League’ Cornell University, in New York State, where Sandler developed the pioneering technology.The £10 million start-up is headquartered in London but its labs are in New York. AutoNews- Source: http://www.dailymail.co.uk/money/markets/article-5073597/Floated-biotech-company-links-Oxford-University.html?ITO=1490&ns_mchannel=rss&ns_campaign=1490
Views: 19 US Sciencetech
No one should be in the least bit surprised if supine London Stock Exchange shareholders give chairman Donald Brydon the kiss of life at today’s investor meeting.In spite of a vocal campaign, The Children’s Investment Fund (TCI) looks to be short of the requisite votes to oust Brydon if preliminary counts are to believed.The main reason given for rejecting TCI’s call for change is that to lose the chairman so soon after ousting the chief executive Xavier Rolet would leave the LSE, the world’s third-largest exchange, rudderless.The truth is that in spite of the weak, and at times disingenuous, leadership over the last year or so, the LSE is still doing very nicely.More than 100 businesses will have chosen to float on the LSE by the end of 2017. That is 51 per cent up on 2016 and higher than any other European exchange.The very idea that the LSE board would find it hard to replace Brydon from among its own members or rapidly recruit a knowledgeable City figure – such as former HSBC boss Doug Flint – is simply preposterous.We shouldn’t expect much in the way of activism from the LSE’s big battalion stockholders.These are the very same nodding dog investors who enthusiastically embraced Brydon’s vision of a takeover by Deutsche Boerse (DB) and went along with the plan to jettison Rolet.Yet Rolet is the person who delivered astonishing value for LSE investors and the proposal was to replace him with the struggling chief executive of DB Carsten Kengeter, who appears to have had a weak grasp of rules governing share purchases during takeover talks.Even more naive was the assumption that by setting up a joint ‘Brexit committee’, the impact of Britain’s referendum vote could be somehow erased.All of this before one considers the wasted advisory costs involved in pursuing an unsuccessful merger and the big legal bills which came from the need to clear regulatory hurdles.The biggest investor, the Qatar Investment Authority, has been virtually silent. Perhaps the wealthy Gulf State feels it has enough on its hands with its bitter dispute with bigger neighbour Saudi Arabia and the ongoing legal entanglements over its sweetheart deal with Barclays in the aftermath of the financial crisis.The reality is that QIA, BlackRock et al were far too quick to vote away the LSE’s independence at the time of the DB deal and are now declining to throw overboard the architect of a costly mistake.Brydon recognises his reputation is on the line and understandably, after a lifetime in the financial community, doesn’t want to be bullied by activists into stepping down.But by hanging onto his job until 2019 he remains a lightning rod for criticism when what the LSE needs most is a fresh start after making debilitating missteps.Minority investors in Sky are getting restless. The December 2016 bid by 21st Century Fox for the 61 per cent of Sky that it does not own has been caught up in an elongated regulatory battle over plurality in Britain’s media.Disney, bidder for most 21st Ce AutoNews- Source: http://www.dailymail.co.uk/money/comment/article-5191905/ALEX-BRUMMER-Investors-betray-London-Stock-Exchange.html?ITO=1490&ns_mchannel=rss&ns_campaign=1490
Views: 3 US Sciencetech
David is CEO of Just Eat, the leading online delivery service in the takeaway (to-go) food market. Just Eat floated on London Stock Exchange in Apr 2014 and is valued at $3 billion. It is the largest technology float on LSE in the last 8 years. Founded in Denmark in 2001, the original concept was developed by two separate groups in Denmark simultaneously. The two groups merged, adopting one group's ordering process and maintaining Just Eat's brand. In 2006 Just Eat moved their headquarters to London. Fast forward just seven short years and they have an established, truly international, market-leading brand, activities on four continents, more than 36,000 global restaurant partners and nearly 6 million active users with an insatiable appetite for takeaway David started his career with Coca-Cola Enterprises, where he had a variety of senior sales roles before moving into the internet world with JUST EAT. He won the prestigious Account Manager of the Year award when he was managing the key national restaurant customers in the UK for Coca-Cola.
Views: 8827 Startup Grind Frisco
Just Eat, an online food ordering service, has announced plans to float its shares on the London Stock Exchange. The company, which lets customers order takeout food from local restaurants, plans to raise $166 million in an initial public offering to expand its service. The firm, which was founded in 2001 in Denmark, operates in 13 countries including Britain, France, Canada, Ireland and Spain. http://news.yahoo.com/online-food-just-eat-float-london-141955717--finance.html http://www.wochit.com
Views: 175 Wochit Business
UK bank Aldermore has announced that it intends to float on the London Stock Exchange in October. The bank said it hoped to raise £75m "to support the medium-term growth of the business". Aldermore, founded in May 2009, is a specialist bank that concentrates on lending to small and medium-sized businesses, as well as to homeowners. The bank said that its total amount of loans to customers had now passed the £4bn mark. http://www.bbc.com/news/business-29306952 http://www.wochit.com
Views: 33 Wochit Business
Debt collector Cabot Credit Management is to float for £1billion on the London Stock Exchange – overseen by the chairman of payday loan firm Wonga.Cabot buys overdue credit card and other unsecured debt from banks and other lenders, then chases customers for the money.The firm will be chaired by Wonga’s chairman Andy Haste, who once ran insurer RSA.Bosses at Cabot have bought £21billion of debt since the company was founded in 1998 and it is chasing around 7m people.The firm expects to recover £2.2billion of cash it is owed over the next ten years.It will float between 25 per cent and 40 per cent of the business on the London Stock Exchange next month, raising around £195million to pay off debts.The float will also generate millions for owners Encore Capital Group and private equity group JC Flowers.It is one of several large floats in the works as listing activity hots up. Dutch finance firm TMF is due to go public for £1.4billion next month, and is moving its headquarters to Britain in what bosses called a ‘vote of confidence’ for the country.It will be joined by Russian energy company EN+ – owned by billionaire oligarch Oleg Deripaska – which is raising £1.1billion.More businesses floated in London than any rival in Europe, the Middle East, India or Africa in the third quarter of 2017, said accountant EY.The biggest this year has been Allied Irish Banks, worth £10.5billion, which raised £3billion in one of the City’s biggest stock market listings for two decades. AutoNews- Source: http://www.dailymail.co.uk/money/markets/article-5002322/Cabot-Credit-Management-planning-1bn-London-float.html?ITO=1490&ns_mchannel=rss&ns_campaign=1490
Views: 65 US Sciencetech
London Stock Exchange Group CEO Xavier Rolet on the impact of the Saudi Aramco IPO.
Views: 3733 Fox Business
Ready-meals maker Bakkavor has taken a £24million hit from the botched stock exchange listing led by its Icelandic founders.Profits at the firm, which supplies ready meals to Tesco, Marks & Spencer, Sainsbury’s and Waitrose, slid 38 per cent to £39million as costs relating to its debut ate into its finances.The firm’s owners Agust and Lydur Gudmundsson went ahead with the listing in November just a week after it had originally cancelled plans to float.Agust Gudmundsson, chief executive, said: ‘This has been a historic year for Bakkavor.'We have transformed the group, fully refinancing our lending facilities and listing on the London Stock Exchange, positioning us well for future growth.’Sales grew by 4.6 per cent to £1.8billion in 2017 as it benefited from higher prices agreed with supermarkets.Bakkavor said new products such as Christmas chocolate domes and charcoal-dough pizzas had been popular with supermarket shoppers.A move away from frozen and long-life food among US consumers saw it cater for an increasing appetite for fresh produce.It also invested £20million in expanding its biggest factory in China. AutoNews- Source: http://www.dailymail.co.uk/money/news/article-5446741/Botched-London-float-costs-ready-meals-maker-Bakkavor-24m.html?ITO=1490&ns_mchannel=rss&ns_campaign=1490
Views: 39 US Sciencetech
According to Autonews.com, Aston Martin CEO Andy Palmer says he intends to float the company on the London Stock Exchange by the end of the year. The luxury automaker said it had filed a registration document with the U.K.'s Financial Conduct Authority, which is a requirement of companies considering an initial public offering. In a statement to Reuters Palmer said he hoped the flotation would be complete by the end of the year. If all goes as planned the decision coincides with the timeline Britain has set for a Brexit deal with the European Union. http://feedproxy.google.com/~r/autonews/BreakingNews/~3/4V0F4fVgLV8/aston-martin-ceo-hopes-to-complete-ipo-by-end-of-year http://www.wochit.com This video was produced by YT Wochit Business using http://wochit.com
Views: 84 Wochit Business
Mainstay Medical International plc (Mainstay Medical) has today floated on the Irish Stock Exchange (ISE). Mainstay Medical raised €18m on its admission to the Enterprise Securities Market (ESM) and commenced trading with a market capitalisation of €90m. Mainstay Medical is the first company on the Irish market to have a dual quotation with Euronext Paris. The ISE now has active dual listings with the UK, US, Canada, France and Switzerland.
A Dutch finance firm yesterday outlined plans for one of the biggest flotations on the London stock market this year in a major vote of confidence in Brexit Britain.As the City geared up for a string of listings that could spark a fees bonanza for bankers and other advisers, TMF said that once the deal is complete it will leave its headquarters in Amsterdam for a new base in the capital.The company, which employs 7,000 staff in more than 80 countries and offers accounting, tax and payroll services for clients such as Netflix and Linked In, looks set to be valued at around £1.4billion when it goes public next month.Bosses at TMF said the Brexit vote 'has not been a barrier to the company choosing London' – adding the UK's exit from the EU 'could actually present an opportunity'.In a further sign of the City's enduring appeal, Russian energy company En+ outlined plans to raise £1.1billion in London and Moscow – making it Russia's first listing in the capital since 2014.British Virgin Islands investment company J2 Acquisition also said it had raised £950million through an initial public offering on the London Stock Exchange.LSE bosses are hoping to lure in the biggest deal of all, Saudi state oil firm Aramco, which is valued at about £1.6trillion.It comes amid growing optimism for Britain's stock exchange, which suffered a fall in initial public offerings immediately after the Brexit vote but has rapidly bounced back.More businesses floated on London than any rival in Europe, the Middle East, India or Africa in the third quarter of 2017, according to accountant EY.Its figures also revealed that foreign firms accounted for 12 per cent of these listings and 56 per cent of the £2.9billion raised.The biggest hitter so far this year has been Allied Irish Banks, worth £10.6billion, which raised £2.7billion in one of the City's largest stock market listings for two decades.Shares in the firm – which was bailed out by Ireland's government at the height of the financial crisis – began trading in London and Dublin in June.PwC director Hilary Eastman said: 'Investors are still reasonably confident about the future for UK companies, which may explain why London is still seeing healthy initial public offering activity.'And speaking at the Tory conference earlier this week, LSE chief executive Xavier Rolet said it would be 'conservative' to expect a financial technology firm valued at between £100billion and £300billion to come out of London in ten years.TMF's listing in particular will be seen as a huge feather in the City's cap after the business said Brexit presented a major moneymaking opportunity.It added: 'Brexit has not been a barrier to choosing London – in fact, the UK's exit from the EU could actually present an opportunity to TMF Group, given that business complexity and companies moving across borders are key drivers of its growth.' AutoNews- Source: http://www.dailymail.co.uk/money/markets/article-4953230/Brexit-boost-Dutch-lead-London-stock-market-charge.html?ITO=1490&ns_mchannel=rss&ns_campaign=1490
Views: 5 US Sciencetech
Gordon Bowden and Professor George Lees discuss the AIM, a subsidiary of the London Stock Exchange. Marcus Studdart owner....3000 companies have raised over £24 Bn....they have market capitalisation.....then manipulate devalue the shares by sloshing new shares into fraudulent companies, that have no products. This is the virtual product sector and it is a perfect platform for billion dollar fraud daily. Directors steal share and cash assets and keep doing it for up to 10 years. The mail forwarding service at 50 Lothian Road is explained again and how the take is laundered to florida, Mexico, Caymans.....e.g. the Cairn virtual oil and gas empire run by Sir Bill Gammell with its CEO on the Court of the Bank of England. A number of Oil and Gas frauds/flotations are profile e.g. Falkland Oil and Gas. The companies are designed to steal and cash burn the floated companies and launder assets from parent into acquired subsidiaries. Rangers directors got £800,000 plus massive shareholdings as bonuses then stripped Rangers PLC into the Murray Investment Trust at Aberdeen Asset Management. US security regulators have declared the AIM is just a casino. A large proportion of companies dissolve within the year. THOUSANDS of FAKE virtual oil and gas are now archived by Gordon....the Torronto and Australian stock exchanges are under his radar, but Torronto no longer releases its data for SHAME. The stock markets sweep into brutalised countrries like Iraq, Libya, Lebannon and currently Lithuania/Ukraine. The AIM cuts its regulations for small start ups....so Mega BILLION organised crime syndicates run wholesale fraud theft and money-laundering. The BIG FOUR auditors actually advise on optimising the take and are complicit on this basis. They are KMPG PWC Deloittes Ernst & Young. Gordon was unaware whether the auditors are publicly owned too? Insider trading is profiled.....and the Warren Buffet acquisition of 1/3rd of TESCOs is cited, as is the Co-op bank and Lees' disclosures of the crimes of Peter Marks (Radio Four Today's false news/Economic lectures before and after the frauds) Crimes on the Lloyd Verde theft project. Lloyds lent the money from its toxic debt pool then acquired itself....the CEOs have stripped out huge fees to enable the BBC to release the false news on drug addiction by the new banking leaders. The mutual savers are completely unaware of the scams. Gordon reveals the news on Zach Goldsmith, Director Rainforest Corporation Dir number 915447621 born 1955 Co Number 0791285, Campanale Dir 911924379 . Zach is son of Sir James, and is MP for Richmond Pk...now manipulating market but calling for paedophile rings at top of govt to be investigated . Zach has divorced his wife and has had an affair with Alice Rothschild The Duke of Westminster, born Britain's richest man (with estates near my hometown at Pathead) has litigation fund, £7m, as director of the Royal British Legion to shield the directorate from profiteering or war crimes claims. Company Directors and Temple secs 788-790 Finchley are infamous for prime ministerial frauds....see profgeorgelees/revelations website articles. For over 30 fraudulent years Thatcher-Blair & Cameron. We discuss the asset stripping of public assets by Council staff: unelected lifelong officials, e.g. Care homes, Funds for care commissions/selected patients, Citizens. Fines for insider trading by the FSA are discussed but the regulation is tokenistic for minor incidents and the criminals give the fine to themselves....as in the mis-selling scandals. Infrastructure scams are aired e.g. the third Forth Bridge, Scottish Borders Schools/building service contract PPP scams embroiling Bilfinger....the high speed rail contract is cited as an example and corrupted councils/money men at the dark contractual interface.....once the tendering is "completed" the contractors and Commisioners just keep changing the terms to line their pockets and the legal contracts are worthless/non-binding despite public indignation/outrage. The children bear the debt burden for the entire fraud for 30-40years. Once the cash is into the corrupted accounts the future of the project is irrelevant. Companies with massive debt burdens are just written off by the regulators and the fraudsters are never called to account but are allowed to repeatedly offend on their secret debt facility. No fear of prosecution because the non-exec directors are MPs Lords/Councillors
Views: 3748 George Lees
Making Billions Out of Virtual Companies - Pedophile Networks in the UK Parliament - Insider Trading - Asset Stripping - Children Will Bear the Debt http://www.abeldanger.net/2014/07/the-alternative-investment-market-aim.html Gordon Bowden and Professor George Lees discuss the AIM, a subsidiary of the London Stock Exchange. Marcus Studdart owner....3000 companies have raised over £24 Bn....they have market capitalisation.....then manipulate devalue the shares by sloshing new shares into fraudulent companies, that have no products. This is the virtual product sector and it is a perfect platform for billion dollar fraud daily. Directors steal share and cash assets and keep doing it for up to 10 years. The mail forwarding service at 50 Lothian Road is explained again and how the take is laundered to Florida, Mexico, Caymans.....e.g. the Cairn virtual oil and gas empire run by Sir Bill Gammell with its CEO on the Court of the Bank of England. A number of Oil and Gas frauds/flotations are profile e.g. Falkland Oil and Gas. The companies are designed to steal and cash burn the floated companies and launder assets from parent into acquired subsidiaries. Rangers directors got £800,000 plus massive shareholdings as bonuses then stripped Rangers PLC into the Murray Investment Trust at Aberdeen Asset Management. US security regulators have declared the AIM is just a casino. A large proportion of companies dissolve within the year. THOUSANDS of FAKE virtual oil and gas are now archived by Gordon....the Toronto and Australian stock exchanges are under his radar, but Toronto no longer releases its data for SHAME. The stock markets sweep into brutalized countries like Iraq, Libya, Lebanon and currently Lithuania/Ukraine. The AIM cuts its regulations for small start ups....so mega billion organised crime syndicates run wholesale fraud theft and money-laundering. The BIG FOUR auditors actually advise on optimising the take and are complicit on this basis. They are KMPG, PWC, Deloittes, Ernst & Young. Gordon was unaware whether the auditors are publicly owned too? Insider trading is profiled...and the Warren Buffet acquisition of one third of TESCO is cited, as is the co-op bank and Lees' disclosures of the crimes of Peter Marks (Radio Four Today's false news/Economic lectures before and after the frauds) Crimes on the Lloyd Verde theft project. Lloyds lent the money from its toxic debt pool then acquired itself....the CEOs have stripped out huge fees to enable the BBC to release the false news on drug addiction by the new banking leaders. The mutual savers are completely unaware of the scams. Gordon reveals the news on Zach Goldsmith, Director Rainforest Corporation Director number 915447621 born 1955 Co Number 0791285, Campanale Director 911924379. Zach is son of Sir James, and is MP for Richmond Pk...now manipulating market but calling for paedophile rings at top of government to be investigated . Zach has divorced his wife and has had an affair with Alice Rothschild The Duke of Westminster, born Britain's richest man (with estates near my hometown at Pathead) has litigation fund, £7m, as director of the Royal British Legion to shield the directorate from profiteering or war crimes claims. Company Directors and Temple secs 788-790 Finchley are infamous for prime ministerial frauds....see profgeorgelees/revelations website articles. For over 30 fraudulent years Thatcher-Blair & Cameron. We discuss the asset stripping of public assets by Council staff: unelected lifelong officials, e.g. Care homes, Funds for care commissions/selected patients, Citizens. Fines for insider trading by the FSA are discussed but the regulation is tokenistic for minor incidents and the criminals give the fine to themselves....as in the mis-selling scandals. Infrastructure scams are aired e.g. the third Forth Bridge, Scottish Borders Schools/building service contract PPP scams embroiling Bilfinger....the high speed rail contract is cited as an example and corrupted councils/money men at the dark contractual interface.....once the tendering is "completed" the contractors and Commissioners just keep changing the terms to line their pockets and the legal contracts are worthless/non-binding despite public indignation/outrage. The children bear the debt burden for the entire fraud for 30-40 years. Once the cash is into the corrupted accounts the future of the project is irrelevant. Companies with massive debt burdens are just written off by the regulators and the fraudsters are never called to account but are allowed to repeatedly offend on their secret debt facility. No fear of prosecution because the non-exec directors are MPs Lords/Councillors.
Views: 3283 Abel Danger
David Hardy, investment advisor at John Laing Environmental Assets Group (LON:JLEN), speaks to Proactive Investors about the group’s first financial figures since it floated on the London Stock Exchange in March. Hardy says the fire at the Frog Island waste facility has not impacted the fund and says the group will come back to the market for more funds once its £50mln credit facility is used up, but adds that there is no timeline for that.
Views: 48 Proactive Investors Stocktube
Aston Martin shares skid on market debut James Bond's favourite carmaker hails an "historic milestone" but its stock slips as analysts question its £4.3bn valuation. Shares in luxury carmaker Aston Martin have skidded lower after it made its stock market debut. The British company - famous for making James Bond's cars - was valued at £4.3bn or £19 a share as it began trading on the London stock exchange. But it fell by as much as 6.5% in morning trading as investors and analysts expressed concerns that the business may find it hard to deliver on the ambitious rollout of new models. The initial offer price of £19 a share was itself lower than the top end of the £17.50 to £22.50 range that it had put forward last month. That would have seen the manufacturer - famous for making James Bond's cars - valued at more than £5bn. Now, the carmaker looks set to miss out on inclusion in the FTSE 100 when the stock exchange has its next reshuffle in December, as it would fall short of the required market valuation. Aston Martin chief executive Andy Palmer described the float as a "historic milestone" and said there had been a "positive response from investors across the world" as it prepared to make its debut. The company, which last year made its first profit since 2010, has gone bankrupt seven times in its history. The float sees it sell about a quarter of its existing stock. Its main owners are the Italian investment firm Investindustrial and a group of Kuwaiti-based investors. Aston Martin reported a pre-tax profit of £20.8m for the first half of this year on revenue of £449.9m. Jasper Lawler of London Capital Group said: "The first public listing of a British carmaker in decades has the kind of 'dinner party' appeal that few IPOs share. "Aston Martin is one of the most hotly anticipated IPOs this year." But Russ Mould, investment director at AJ Bell, said it appeared to have been "priced on too high a valuation versus its growth prospects". He added: "Aston Martin has a very aggressive expansion plan which means the bar has been set very high in terms of market expectations." Aston Martin employs more than 2,700 people, and sells its cars in 53 countries. Its growth prospects have been spurred by its strong performance in overseas markets including China, where it plans to open ten new showrooms.
Views: 34 News News
The Norfolk fishing company Angling Direct has this week floated on the London Stock Exchange. The business started as a one-shop operation in Wroxham in 1986 but has now grown to having a turnover of more than £20m. Norfolk Now is the YouTube channel that gives you the best local stories from across Nelson's county. Tune in for the latest videos on news, sports, food & drink, history, entertainment and more... Subscribe Now - https://goo.gl/IsvTVY
Views: 1896 Norfolk Now
Luxury shoe brand Jimmy Choo plans to list its shares on the London Stock Exchange in October. The shoe and accessories maker said on Tuesday that it plans to float at least a 25% stake. The firm didn't comment on how much money it will raise though the company's expected to be valued at more than £500 million. http://online.wsj.com/articles/jimmy-choo-plans-to-list-shares-in-london-1411456081 http://www.wochit.com
Views: 26 Wochit Business