PLY: The latest hyperactive knicker-twisting trope of the mainstream media was yesterday’s ‘disaster’ of the Michel “most dangerous man in Europe” Barnier appointment as Chief Negotiator to the European luncher-in-chief, er President, Jean-Claude Juncker. As you can see in my latest Premium analysis: Brexit: Michel Barnier – Negotiator for Whom? I suspect the realpolitik is not the same as the headline grabbing nonsense of the dead tree tendencies. ($300 per user / year separates you from the MSM ignorance in… Continue reading
Lots of results cranking up from today on…
DB1 crawls over the redefined line for acceptances just before it would had had to change the deadline again to make sure shareholders supported the deal. I am indebted to a parishioner who notes the not very coded message in the new ISIN for the nominated holdco of DB1: SIN GB00BYMYCZ62 (emphasis added for clarity). The “Booby prize” is the award “usually given in recognition of a terrible performance… Continue reading
Lovers of Round Numbers will note this is Exchange Invest issue 800 today. Thank you to all our sponsors and corporate subscribers who help sustain this, the only daily brief for exchanges and marketplaces. More support will always be welcome!
In video, I appear fleetingly around the 2 minute mark in this TV Malta report discussing the excellent new tax incentives to encourage startup investment on the islands wearing my “Mission ToRun Business” startup hat, which were launched last… Continue reading
Essex will apparently now sustain more trained LME traders during working hours than anytime since the tin market collapsed fuelling a generation of local minicab drivers. No fault of LME’s, they rented offices advertised as, ahem, “A precision-made contemporary office building.” Egg is clearly on the faces of Pembroke real estate, the owners of the building which suggests the worst of southern Mediterranean build quality is now reaching even the City of London. At least the building website has a… Continue reading
NYSE raised the most money for IPOs, NASDAQ collected the most IPO mandates, DB1 struggles to collect voting shares while Curve Global is shuffling staff in a fashion which suggests it expects to launch – whether this is as part of DB1 or the still independent LSE remains to be seen…
vs Q2 2015: consolidated revenues of $319.9m, up 22%, pre-tax income of $54.6m (compared to a loss of 57.1m), includes a gain… Continue reading
It was a pleasure to attend the 25th anniversary of the Malta Stock Exchange last evening. On a splendidly balmy evening the Prime Minister and Finance Minister were guests of honour amongst a myriad of financiers celebrating. My thanks to Chairman Joe Portelli for his invitation, it was great to see many faces from Malta SE old and new.
ICE launches new CDS platform as ESMA advises on funds passport progress with 12 non-EU nations…
vs Q2 2015: net revenues $369 million, down 4.6%, income before income taxes $213 million (down 11%).
PLY: Somewhat disappointing?
LME has extended open outcry trading to its disaster recovery site in Chelmsford, east of London, until Friday after structural problems forced the shutdown of its… Continue reading
No Pokemon spotted in or around this newsletter so far…
Crowdcube eyes secondary market, MarketInvoice raises $9.5 from Polish PE fund, Japanese day trader catnip index futures launched and there’s more, happy scrolling:
vs Q2 2015: net revenues 1.8 bln, up 17%, net income $452 million, up 28%.
Details of the transaction were… Continue reading
For those that missed the weekend, Pokemon Go seems to be quite the thing this summer albeit, things in Turkey got a bit out of hand. Plus ca change, Britain dominates the Tour de France and the snowflakes are still struggling to cope with the realpolitik of Brexit. Happy Holidays.
We hit 205 days to the DB1-LSE antitrust danger zone with news the works council of DB1 is applying the sort of astute deal assessment which would, in more normal… Continue reading
Clearly news from Bigworld of the latest terrorist attack in Nice fills the headlines. Every nation ought to be free for citizens to celebrate their national day. Our sympathies lie with all those affected by this ghastly, malevolent act.
Today there is a New Premium post Brexit Mythbusters 2: Scottish Independence
John Detrixhe – Bloomberg
PLY: If you keep changing the rules, eventually you ought to… Continue reading