The IPO will offer shares or GDRs representing shares held by BAE Systems Limited (BAE) and Sovereign Wealth Fund Samruk-Kazyna (SK). The company will list these on the London Stock Exchange (LSE), Astana International Exchange (AIX), and Kazakhstan Stock Exchange (KASE). Analysts believe this float is a much-needed boost for the LSE’s torpid IPO performance.…
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OneCoin was a digital currency scheme founded in 2014 that was eventually found to be a fraudulent Ponzi scheme. Scott was one of the most high-profile individuals involved in the scam. The co-founder of OneCoin, Karl Sebastien Greenwood, is already behind bars after he was handed down a 20-year sentence in September last year. Both…
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Holcim’s current CEO, Jan Jenisch, will be at the helm of this spin-off while focusing on his role as chairman. Jenisch will also stand for re-election at the company’s annual general meeting in May 2024. Gutovic has been part of the company’s group executive committee since 2018. He is presently in charge of Region Europe…
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Bloomberg reports inflation dipped below the 3% mark for the first time since 2021. On the back of a 2.9% inflation rate, consumer spending remains high, but there are concerns that this inflation margin will escalate prices again. Despite this optimism, economists warned the monthly US jobs report, job openings and consumer data, and the…
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Most notably, Afolami noted that investors would be wise to invest in NatWest (LON: NWG) shares, arguing that the relationship bank is a worthy investment with savings automatically enrolled and invested into the British stock market. After two recent share sales, the British government’s stake in NatWest is approximately 37%. The government saved NatWest from…
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In December 2023, Vujnovac, who climbed the wealth ladder through Prvo Plinarsko Drustvo, a gas supplier, became the majority owner of Fortenova. This Balkan company is a leading food producer and retailer. According to Bloomberg’s Billionaire Index, Vujnovac owns approximately $765m in assets. The company will commence with its intended IPO as soon as it…
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Sales of Novo Nordisk’s (NVO) diabetic drug, Ozempic, escalated by more than $1bn between its $2.3bn in Q3 2022 and $3.5bn in Q3 2023. Yahoo Finance noticed the absence of any discussions around GLP-1s at two conferences. A JPMorgan analyst, who attended a healthcare conference in January 2024, viewed this as good news for the…
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Across the channel, the CAC 40 was down 0.1%, while Frankfurt’s DAX 40 also fell 0.2%. To add to market turmoil, British sterling also fell overnight, opening at $1.2722 this morning from its $1.2744 at market close on Wednesday. The euro slipped from $1.0904 to $1.0888. Christine Lagarde, President of the ECB, hinted at rate…
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This economist was also correct in his bullish S&P 500 approach, despite everyone anticipating recession and stock price drops. Lee said this index would end at 4,750 in 2023. It closed at 4,769. Still trying to regain a balance after the FTX scandal, TerraUSD $60bn wipe-out, and crash which saw Bitcoin plunging from $69,000 in…
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These movements show Microsoft’s tech giant standing is well-deserved. Its rival Apple Inc (AAPL) holds a market cap of just over $3tn and became the first company to achieve this. Microsoft is one of the so-called Magnificent 7 tech outfits that boosted over half of market gains last year. These companies –Microsoft, Apple, Meta Platforms…
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