Last Wednesday the US Securities and Exchange Commission (SEC) received an Initial Public Offering (IPO) filing from Levi Strauss & Co, the US clothing manufacturer, to re-list on the New York Stock Exchange (NYSE). The 145 year old firm first went public in 1971 and in 1985 the Strauss family effected a Leveraged-Buy-Out to take the firm private again. Now, […]
Hot off the Press
This week global markets started to recover from an agitated final quarter of 2018 by inching upwards. The MSCI All Country World Index posted a gain (+1.14%), primarily led by the United States’ stock markets which also recorded a gain (+1.88% as measured by MSCI USA). A similar picture was also reflected in equity returns in Europe and the Emerging […]
Welcome to the new title of our weekly publication – ‘The World In A Week’. This replaces our previous ‘Windy’ title as it better describes what we are researching and publishing. The content will remain the same and this week we are focusing on ‘A Sisyphean Task’
King Sisyphus as punishment for believing himself smarter than Zeus was forced to roll […]
While it’s not quite Groundhog Day yet, it certainly feels like it. Last Monday supposedly marked the most depressing day of the year, when quite coincidentally, Brexit was very much the subject du jour. While there was little to speak of following May’s address to the House of Commons, whilst she ruled out a second referendum she is very much […]
Last week the biggest US banks reported solid fourth quarter earnings with most improving on the third quarter and beating analysts’ expectations too.
This resulted in both Goldman Sachs and Bank of America’s shares jumping by 9% and 7% respectively on Wednesday. Citigroup’s shares climbed 4% on Monday, Morgan Stanley increased 1% on Thursday and JP Morgan’s stock rose slightly as […]
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