Markets Live: Tuesday, 22nd July, 2014

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Markets Live: Monday, 21st July, 2014

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Markets Live: Thursday, 17th July, 2014

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Camp on camera – I

Here’s a two-part round up of the videos produced at last week’s Camp Alphaville festival in London. We hope it was fun and informative for those attending. Next year we’ll fix the audio, have wifi that works and we might even introduce an evening dinner…


An introduction from Cardiff…

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Camp on camera – II

Izy talks cryptocurrencies and a future cashless society…

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Markets Live: Friday, 11th July, 2014

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The 6am London Cut

Markets: The meteoric rise of Cynk Technology, a former penny stock which appears to boast one employee and no reported revenues, stalled abruptly on Thursday when shares of the would-be social media company tumbled by as much as a third. Cynk listed for 5 cents a share in May and then saw its shares multiply by 36,000 per cent to give the practically unknown company a market value of $6bn – more than Sina, the Chinese operator of Weibo, a microblog with more than 100m active users. (Financial Times)

Banking: Barclays is ditching the role of the traditional bank cashier as part of its efforts to overhaul high-street banking as customers increasingly use digital services. The bank said its 6,500 cashiers would take on new positions focused on giving customers advice on managing their finances rather than processing simple transactions. (Financial TimesRead more

Markets Live: Thursday, 10th July, 2014

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The 6am London Cut

Markets: The influential head of the US House Financial Services Committee has called on US Treasury secretary Jack Lew to investigate whether sweeping financial reform has impaired the $10tn market for US corporate debt and risks amplifying an interest rate shock for large companies.In a letter sent this week to Mr Lew, Congressman Jeb Hensarling argued that it was the responsibility of regulators to ensure that the Volcker rule, a core element of the Dodd-Frank financial reforms that bans banks from proprietary trading, does not harm US capital markets. (Financial Times)

UK ministers, led by business secretary Vince Cable, have ordered a review into the sell-off of state assets, just days before MPs publish a report that is expected to criticise last year’s privatisation of Royal Mail. Lord Myners, former City minister, will lead a panel of experts to examine alternatives to initial public offerings for privatising state assets, as well as whether the process of gauging what investors are willing to pay for shares can be improved. (Financial TimesRead more

Disrupting the rating agencies

Is this an S&P/Moody’s/Fitch killer? Maybe, in time.

Credit Benchmark, a London-based start-up, on Wednesday completed a $7m venture capital financing round, led by Index Ventures, to fund its initial expansion into the $6bn credit risk information market. Read more

Markets Live: Wednesday, 9th July, 2014

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A price spike story

The FCA is in danger of attracting regular readers to its Market Watch newsletter. Here’s an extract from Edition No. 46, about this momentary spike in the price of HSBC back in January…

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Welcoming Matomy, with eager anticipation… (updated)

Sorry, at pixel the doc was still not available for the leading digital performance-based marketing company, Matomy Media, which is joining the London market. We’ll update this post if and when we can. The Matomy Media prospectus has arrived (Wednesday, belatedly), so we can replace the placeholder image with the real doc…

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A Shire bump

Click to read:

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Markets Live: Tuesday, 8th July, 2014

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Markets Live: Monday, 7th July, 2014

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Probe Gotham? Er, no. Gowex is bust

On Tuesday, US short selling specialist Gotham City Research declared Spain’s Let’s Go Gowex to be a fraud. When the shares collapsed, triggering a suspension, the immediate response of regulators at Spain’s alternative stock market regulator, the Mercado Alternativo Bursatil, was to fire off angry missives to America’s SEC and the UK’s FCA. It wanted to “determine if there have been illegal operations” on the part of Gotham and its managers.

Lo and behold it looks like any illegality may just have been a little closer to home. Click to read (spanish)…

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Markets Live: Friday, 4th July, 2014

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Markets Live: Wednesday, 2nd July, 2014

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The 6am London Cut

The Last Camp Alphaville Promo of 2014. The fun starts at 11am today. Pack cash.

The Cut is taking a short break for the rest of this week while we clear litter and (some of us) eat hotdogs. Read more

Markets Live: Friday, 27th June, 2014

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Markets Live: Thursday, 26th June, 2014

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Markets Live: Wednesday, 25th June, 2014

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A warm welcome to Fundsmith Emerging Equities Trust

Wait! This post has been mis-tagged.

Terry Smith has achieved the rare feat of publishing a flotation prospectus before dealings actually commenced. Read more

Markets Live: Tuesday, 24th June, 2014

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A belated welcome to Allied Minds

This IP specialist, sitting on the end of an $XXbn R&D pipeline from American universities and the US military, quietly floated in London last week. As a private entity, Allied Minds has been funded to date by Neil Woodford, the star manager who is now setting up his own firm. But the conditional public market price has so far stuck at the initial float price — 190p.

Maybe giving more information to a wider pool of investors will help… Read more

A belated hello to Zibao Metals Recycling

This wannabe penny dreadful — ‘reselling’ copper and aluminium into the Peoples’ Republic of China — escaped our notice last week.

That’s fixed now. Read more

A belated welcome to Zoopla

We were all experts on this one before the prospectus even went to the printers. But here, for the record, is the Zoopla doc…

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A belated welcome to MySale

A particularly challenged new addition to the London market, this one. A Philip Green-backed ‘flash’ sale specialist, MySale had its opening price quoted in pound sterling rather than pence. Amidst the confusion, the price tanked.

That was last week. Now we finally have the actual numbers. Click to view. Read more

Welcoming the AA (updated)

This is the first in a new occasional series.

It’s become the norm for companies listing in the UK via an institutional placing (rather than a full public offer) to delay publication of their prospectus until after conditional dealings in the stock start.

Why? To control the news, clearly. Media treatment is restricted to the narrow confines of the offer price announcement; by the time the prospectus comes out the press spotlight has invariably moved on… Read more