In May 2018, BOCE requested the AMCU's preliminary conclusions on the acquisition of over 25% of PFTS shares. REUTERS The Antimonopoly Committee of Ukraine (AMCU) has allowed Chinese-based Bohai Commodity Exchange Co., Ltd. (BOCE) to buy more than 25% of shares of the PFTS Stock Exchange located in Kyiv. Read also China on track to replace Russia as Ukraine’s biggest trading partner - Kyiv Post In May 2018, BOCE requested the AMCU's preliminary conclusions on the acquisition of over 25% of PFTS shares, but the application was returned to the applicant due to insufficient information disclosure, according to the AMCU's website. In late September, the Chinese side re-filed documents, as reported by the news outlet LIGA.net on December 6. The Ukrainian stock exchange earlier announced its plans to carry out an additional issue of shares and offer them to Bohai Commodity Exchange Co., Ltd. The State Property Fund (SPF) of Ukraine, on November 30, 2016, announced BOCE the … [Read more...] about Ukraine’s antitrust agency allows Chinese BOCE to buy Ukrainian PFTS Stock Exchange’s shares
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TILRAY has become the world's most valuable cannabis company. The Canadian business saw its stocks surge after announcing plans to export medicinal cannabis to the US for research. Here's what you need to know. What is Tilray? Tilray became the first cannabis company to go on the Nasdaq in July. According to its website, the company based in Nanaimo, is dedicated to "cultivating and delivering the benefits of medical cannabis safely and reliably." It is now set to work with researchers from the University of California San Diego's Center for Medicinal Cannabis Research to study drugs containing cannabinoids. What is the latest share price? Tilray's initial share price was a menial £12.87 ($17), but it has now trading at more than 13 times their July IPO price. On September 19, shares were up 61.3 percent at $249.94, a day after its Chief Executive Brendan Kennedy told Bloomberg the company is interested in the market for consumer products that use ingredients from marijuana. … [Read more...] about What is Tilray, what is the latest share price and how does it stock price compare to Canopy Growth?
THE fate of thousands of staff members hangs in the balance as House of Fraser is dealt a fresh blow. Here's the latest on store closures and whether the high street stalwart is going into administration. Is House of Fraser closing? House of Fraser confirmed in early August 2018 that 31 of its 59 stores would be closing in January 2019. This would lead to 6,000 job losses — 2,000 House of Fraser staff and 4,000 across brands and concessions. But now the jobs of all 17,500 staff members are at risk after plans to restructure the company failed. The department store chain had proposed a so-called Company Voluntary Agreement (CVA), which a number of other British retailers have adopted in recent years. The business will continue to trade while they seek to find a buyer. Alex Williamson, chief executive of House of Fraser, said: "We are hopeful that the current negotiations will shortly be concluded. "An acquisition of the 169-year-old retail business will see House of Fraser … [Read more...] about Is House of Fraser closing, what’s the latest share price and is it going into administration?
News / UK and world by Press Association June 7, 2018, 3:15 pm FacebookTwitterLinkedInWhatsAppEmail Sign up to our Daily newsletter The London Stock Exchange has blamed a software glitch for delaying trading on one of the world’s biggest markets on Thursday morning. Equities usually begin trading at 8am London time but remained closed for an hour after the planned opening. A spokesman said a “technical software issue” prevented some members from entering orders into the pre-open auction system before the standard market opening time. “To preserve the integrity of the market and to ensure orderly trading, London Stock Exchange decided to delay the market open while the matter was investigated and informed market participants accordingly. “Following resolution of the issue, members were notified at 8.40am that trading would commence at 9am.” The spokesman added that trading across its markets has been operating normally since that … [Read more...] about London Stock Exchange blames software glitch after stock market fails to open
The City was thrown into mayhem on Thrusday when a computer glitch at the London Stock Exchange meant share trading was delayed by over an hour. That meant that billions of pounds worth of share trades were lost, leaving dealers and investors fuming and potentially damaging the reputation of the financial district. In particular, traders were angry at the LSE’s failure to provide an explanation for the crash, beyond saying that a “technical issue” had occurred. Some asked if management had been distracted by merger deals, having spent months trying, and failing, to merge with Germany’s Deutsche Börse. One experienced market participant said: “Have they been investing enough money in their infrastructure? When management time gets burned up in failed mergers and shareholder disputes, it’s easy for the boring but mission critical stuff to slip down the ‘to do’ list.” With Europe attempting to steal business from London, and the … [Read more...] about London Stock Exchange trading halted due to tech glitch