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PRESS DIGEST - Financial Times - Feb 13
February 13, 2010 / 2:18 AM / 8 years ago

PRESS DIGEST - Financial Times - Feb 13

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

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