Tom Frew

Largest exchange transfer at $156.4 billion in market capitalization Oracle Corporation’s has become the 48th listed company to transfer to NYSE for a combined $318 billion in market capitalization since 2010. “Oracle’s decision to transfer to the New York Stock Exchange validates the strength of the NYSE brand and our global leadership across all sectors […]

Follow Ian Livingston’s appointment as government minister. BT has announced that Gavin Patterson will succeed Ian Livingston as chief executive of BT Group plc following Mr Livingston’s appointment as Minister of State for Trade and Investment. Mr Livingston will continue as chief executive of BT until he steps down from his post and from BT’s […]

You have to feel sorry for the Chancellor of the Exchequer. After spending thirteen years loathing your own name you decide to ditch Gideon and become George instead, only to be taunted with cries of ‘Oi, Gideon!’ from  your political opponents every time you get up to speak. But as soon as President Obama confused […]

86% of loan applications to BBA member banks approved. Banks are now lending in a normal way and lack of demand combined with a flat economy is the main cause of low levels of credit extended to small businesses, according to an independent report. The report, published by Glasgow University honorary Professor Russel Griggs OBE, […]

Listing has raised a total of approximately €62 million/$80 million. BioAmber Inc, a sustainable chemicals company, celebrated its first day of trading as a dual listed company on NYSE Euronext (NYX) markets in Europe and the United States this week by ringing the Opening Bell in Paris. Founded in 2008, BioAmber is a sustainable chemicals […]

Public Accounts Committee describe Google’s tax arguments “deeply unconvincing”. A group of senior Members of Parliament have criticised Google over their avoidance of UK corporation tax. The Public Accounts Committee’s report into Google’s tax avoidance argued that the company “relies on the deeply unconvincing argument that its sales to UK clients take...

The company had also previously been notified of its non-compliance with the NYSE’s continued listing criteria. The New York Stock Exchange has announced that the staff of NYSE Regulation has determined to commence proceedings to delist the Common Stock of Excel Maritime Carriers Ltd. – ticker symbol EXM – from the NYSE. Trading in the  […]

Has been CEO since November 2008. The Board of Directors of the Royal Bank of Scotland Group have announced that Stephen Hester will be stepping down as the Group’s Chief Executive later this year. The bank’s board believed that an “orderly succession process will give a new CEO time to prepare the privatisation process” and […]

Ersnt & Young ITEM Club argue that George Osborne’s attempts to rebalance UK have failed. The UK has “returned to relying on” the consumer “to drive economic growth”, the latest Ernst & Young ITEM Club special report on consumer spending has argued. Criticising the failure of the UK government’s plans to rebalance the economy, the […]

Report by Think Tank policy exchange argues that “a distribution of shares in both banks to taxpayers be repaid on sale” is the best option for reprivatising Lloyds and RBS. Up to 48 million British taxpayers would have the opportunity to receive a no risk stake in RBS and Lloyds, under a new plan announced […]