Most flotations no longer make money. The companies may want to go public, the investors obviously want a good investment, but that is not what this is about. By the time the investment banks have ramped up the initial asking price, and the hedge funds have taken their cut when the shares are allocated so they can flip them for a profit in the first or second day of trading, there is normally not much left for the end investor. Not that they would want a cut anyway (unless they are index trackers who hold their noses and buy) because the shares are generally overpriced. Hence the shares typically fizz for a week while the hedge funds get out and then they tank…and the investment bank counts its money. This is one of the main reasons public company investment is in decline — shares on Aim and the main market are fewer in number and have been falling in quantity most years for a decade. It is not because there are fewer companies coming through, but much … [Read more...] about It’s hard to lend a hand to the float of Funding Circle
New balance gear lending
0 Post a comment Monday, 13 August 2018 - Transport The imaginative conversion of an old Douglas horse tram has got enthusiasts rather hot under the collar. But bosses at the Motor Museum in Jurby said the transformation of tramcar no.34 into a road vehicle will give it a whole new lease of life.The Manx Electric Railway Society says it ’deplores’ what has been done to the historic vehicle which it claims has been ’butchered’ and now appears to be a ’Chimera’ (the monstrous hybrid of Greek mythology). In a statement that pulls no punches, it said: ’The society cannot condone this and suggests all right-thinking people should search their consciences before lending any support to the museum.’Tram 34 is a Manx Icon which has been effectively destroyed as a gimmick.’The people who have done this appear to have done so to create a crowd-pulling freak and should not be given the oxygen of publicity.’The tramcar, which is on … [Read more...] about New lease of life for old horse tram
Bloomberg News April 22, 2018, 4:30 PM EDT Investors who pushed up Chinese bank shares last week on news of lower reserve requirements may have been celebrating too soon.The subtext to Tuesday’s move is an effort to prepare the banks for a painful new phase in China’s campaign to reduce financial-sector risks, as regulators free up deposit rates and accelerate their crackdown on the nation’s $16 trillion shadow banking sector.“China is gearing up to crack a hard nut with deleveraging and financial reforms, and the central bank is offering some coordinated policies to ensure it will be a smooth transition,” said Xia Le, chief Asia economist at Banco Bilbao Vizcaya Argentaria SA in Hong Kong.The People’s Bank of China’s decision to free up more liquidity for banks by slashing reserve ratio requirements, at a time when funding conditions are plentiful, shows the central bank is trying to insulate lenders for the next phase of reform, said … [Read more...] about China Is Bolstering Lenders Before New Assault on Shadow Banking
Donald Trump has outlived the “axis of adults” that was supposed to guide and shape his foreign policy. He’s run through two national security advisers, innumerable lawyers and lower-level aides, an attorney general, an array of Cabinet secretaries and, any day now, the second of two White House chiefs of staff. He’s dumped the ideologist who helped elect him and never really clarified what his “America First” campaign slogan was all about anyways. But since we launched The Global Politico days after his inauguration, Trump has more than followed through on his election pledge to shake up the Washington establishment of both parties when it comes to America’s position in the world. Each week, we’ve watched as he’s reoriented — or tried to — U.S. policy toward everywhere from Iran to North Korea, Russia to our North American neighbors. In 67 episodes over the last year and 85 days, I’ve been privileged to host NATO … [Read more...] about Just how dangerous is Donald Trump?
Patrick Henningsen is an American writer and global affairs analyst. I knew this was deadly serious when I saw Tony Blair being wheeled around on British television to help explain to the public why "we have to act." Here we are again, hearing the incessant calls for another direct military action led by the United States, and all in the name of weapons of mass destruction. Whichever way this goes, it may very well be the final act in the West's long-running chemical saga. After the hard lessons of Iraq, you might be asking how this is happening again. It's not a surprise that the US and UK might lie, exaggerate, distort or invent a narrative as a pretext for military action. However, they couldn't pull it off without their media partners, and history clearly demonstrates that when the governments and media collude, the results are catastrophic. More than any other entity, it is the Western mainstream media who have facilitated this dirty war on Syria, and who are still holding … [Read more...] about Wheels of war are already in motion: Mainstream media should try to stop it, but will it?