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  • Press Conference By Tadahiro Matsushita, Minister For Financial Services - Insider Trading - Nomura Securities

    Date 09/07/2012

    [Questions & Answers]

    Q.

    Regarding Nomura Securities, this morning, newspapers reported that the company will announce the results of its internal investigation. Before this announcement, various problems have already been pointed out. How do you feel about that?

    A.

    I am aware of the newspaper reports which you mentioned. I would like to refrain from commenting on administrative action against an individual securities company.

  • Tehran Stock Exchange: IPO Of Mellat Insurance

    Date 09/07/2012

    On 9 July 2012, Mellat Insurance Company made an initial public offering (IPO) of 150 million shares (equivalent to 10 percent of its total equities). Shares were offered to the public at a price of IRR 1,321 (USD 0.108) each, with the total value of IRR 198 billion (USD 16.1 million).

  • Euroclear UK & Ireland Cuts Fees For Growing Fund Business

    Date 09/07/2012

    Euroclear UK & Ireland (EUI) has cut its investment fund order-routing fees for both high- and low-volume clients with immediate effect. The tariff for 10,000 or more orders per year has been cut by 9%, rising to a reduction of 33% for clients routing over 25,000 orders per year through the EMX Message System.

  • mergermarket H1 2012 UK M&A Round-Up

    Date 09/07/2012

    Summary Overview

    • UK M&A activity totalled £44.4bn in the first half of 2012, representing a 17.5% increase in deal value compared to H12011, and with £28.4bn this was the highest Q2 since Q2 2007 (£68.8bn).
    • Energy, Mining and Utilities was the most active sector valued at £14.3bn for 26 deals. This was a 55.7% increase in dealvalue compared to H1 2011. The jump is largely due to GDF Suez’ acquisition of International Power for £6.8bn.
    • Foreign investment into the UK accounted for 69.7% of all UK M&A in Q2 2012, valued at £19.8bn, and represented a 61%increase on Q1 2012. Inbound activity experienced its highest value in H1 2012 (£32.1bn) since the same period in 2008(£37.2bn).
    • Outbound M&A recorded the lowest H1 since H1 2009 (£10.3bn) at £17.4bn. Outbound deals for Q2 2012 however increased by 85.2% to £11.3bn from Q1 2012 (£6.1bn).
    • Having advised on three of the top five deals for H1 2012, Goldman Sachs retained its leading position advising on£26.9bn-worth of UK deals.
    • Clifford Chance jumped from ninth to first place in H1 2012 after advising on 37 deals worth £25.6bn including the top four deals of the first half of the year.

  • Platts: Petrochemical Prices Continue 2Q Declines On Lower Oil Prices

    Date 09/07/2012

    Continuing the decline begun in early second quarter, prices in the $3-trillion-plus global petrochemicals market fell in June to an average of $1,104 per metric ton (/mt) for the month. June’s average price is down $175 or 14% from the May average, according to the just-released monthly average of the Platts Global Petrochemical Index(PGPI), a benchmark basket of seven widely used petrochemicals.