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Wework has pushed back plans for its highly-anticipated initial public offering (IPO) amid cooling investor appetite. Following a number of setbacks over its ambitions to go public, the fast-rising parent owner of real estate group Wework is expected to postpone its listing until the end of the year. Read more: Wework considers cutting founder’s voting power We Company was set to begin tapping up investment for its float this week but it revealed this morning that it now expects to complete the listing by the end of 2019. The move is likely to spark fresh speculation over the firm’s future strategy, coming just weeks after reports that the New-York based company was considering dramatically slashing the valuation it will seek when it sells shares on the stock market. Sources told Reuters that We Company is looking at a valuation of just over $20bn (£16.12bn), less than half the $47bn price tag it received in private fundraising in January. The possible lower valuation … [Read more...] about Wework delays IPO plans amid investor caution

Pan-European share trading platform Aquis Exchange grew both its revenue and its market share over the last year, as it presses ahead with plans to disrupt the initial public offering (IPO) market. Revenues jumped 165 per cent to £3.4m in the 12 months to the end of June 2019. Read more: Number of private equity takeovers falls The firm’s market share reached 4.8 per cent in the second quarter of this year, rising from 3.8 per cent in the final three months of 2018. Losses on earnings before interest, tax, depreciation and amortisation (Ebitda) narrowed year-on-year from £1.6m to £0.16m. Earlier this summer Aquis snapped up Nex Exchange for a nominal £1, in additional to roughly £2.7m to cover working capital levels, as part of a move to disrupt Europe’s IPO market. Nex, which is one of four primary equity listings venues based in London, was offloaded by CME Group, the world’s largest futures exchange, a year after Aquis floated on the London … [Read more...] about Aquis Exchange posts rise in revenues and market share

A new report shows New Zealand's primary sector exports reached record-breaking levels in the past year. The latest Situation and Outlook for Primary Industries report says primary sector exports were at a record $46.4 billion in the year ended June 2019, up 8.7 percent on the previous year. Value of annual meat exports climbs More log exports despite falling price Primary sector exports include dairy, meat and wool, foresty, horticulture, seafood and arable industries. Minister of Agriculture and Minister of State for Trade and Export Growth, Damien O'Connor said it was a fantastic result.  "This latest report shows some absolutely outstanding, record-breaking results," he said. He said total dairy export revenue was up 8.7 percent to $18.1 billion.  "That's a $1.47 billion increase, which is just staggering, and the sector appears to be set up for another favourable production season," said O'Connor. The report also had positive news for the horticulture sector, … [Read more...] about Primary sector exports reach record highs

Ljubljana, 16 September - The business newspaper Finance comments on Monday about the debt of the Janković family that has recently been written off, wondering who and why is afraid of the family of Ljubljana Mayor Zoran Janković. The rest of this news item is available to subscribers.Buy the news item. Price: 2 tokens; on account: 0 tokens. … [Read more...] about Finance wonders who is afraid of the Jankovićs

Investors on the hunt for dividends are having a fine old time of it.  Broker AJ Bell recently found 20 FTSE 350 (which includes the blue chip FTSE 100 and the second tier FTSE 250 indices) companies that have managed to increase their payouts by more than inflation over every year of the past decade, with the average annual hike ranging from a stunning 34 per cent (in the case of Ashtead, which hires out industrial equipment) to a still highly respectable 7 per cent. Meanwhile Link Group’s UK dividend monitor found that in the second quarter of this year, they rose 14.5 per cent on a headline basis, with the total pay out hitting a record at £38.7bn. That’s £4.4bn above the previous high set two years ago.  We’ll tell you what’s true. You can form your own view. From 15p €0.18 $0.18 USD 0.27 a day, more exclusives, analysis and extras. Subscribe now The party has even extended to the junior AIM market, which is where smaller, and … [Read more...] about Dividend party for UK investors may soon be over