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Trade bodies speak out against push to drive equity trading on to lit markets
Shares trade 8% above offer price as shipping company completes second listing
TX Group and SMG absorb almost 60% of block as insurer cuts holding to 11.8%
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Shares in AJ Bell, the UK stockbroker, fell heavily in trading on Friday after Invesco sold a 7.6% stake in the company following first quarter results.
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Barclays has made Paul Leech and Todd Sandoz interim co-heads of global equities, after Fater Belbachir was hired by Citi.
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A group of lenders is targeting the family assets of Luckin Coffee chairman Lu Zhengyao to regain losses from more than $500m in margin loans.
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Hong Kong’s equity markets took a hit on Friday and sentiment soured among bond investors over news that China is considering enacting the national security law in Hong Kong. Bankers have described the possible impact as everything from a “death knell” to a “flash point” for the special administrative region’s markets.
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Malaysian sovereign wealth fund Khazanah Nasional has pocketed MR735.7m ($168.6m) from the sale of a stake in Telekom Malaysia, after boosting the size of the trade.
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Citi picks Nick Darrant as syndicate head — And it sets up new sustainability and science units — JP Morgan reveals next layer of DCM, ECM and M&A bosses
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