PROMETHEAN SET TO LAUNCH IPO
Technology firm Promethean PTH.L is expected to push ahead
with a planned initial public offering next week, despite a
series of cancelled flotations by companies including New Look,
Travelport and Merlin in recent weeks.
Promethean, which makes electronic whiteboards and is
one-quarter owned by Apax Partners, is expected to announce its
planned flotation on Monday, with an expected market
capitalisation of between 400 million and 500 million pounds.
The firm has lately expanded quickly and has no debt.
EX-BLACKROCK MANAGER JOINS PETROPAVLOVSK
Graham Birch, a former fund manager for BlackRock, has
joined the board of FTSE 250 gold mining firm Petropavlovsk
(POG.L) as a non-executive director.
Birch, who used to manage 40 billion dollars of assets for
the investment management firm, was responsible for running one
of Britain's most popular and best-performing funds, the BGF
World Gold fund.
"What I am hoping I can contribute is the experience I have
gained from years researching the mining sector, especially the
gold sector," Birch said of his appointment.
Prepared for Reuters by Durrants