Edition:
United States

Investment Banking & Brokerage Services

Page 1

IG Group Holdings FY net trading revenue up 8 pct

Tuesday, 18 Jul 2017 02:00am EDT

July 18 (Reuters) - Ig Group Holdings Plc :Final dividend 22.88 pence per share.Total dividend up 3 percent to 32.3 pence per share.FY net trading revenue up 8 percent at GBP 491.1 million.FY operating expenses up 14 percent, reflecting continued investment in effective marketing.FY profit before tax up 3 percent to GBP 213.7 million; profit before tax margin 43.5 percent (FY16: 45.6 percent).FY new client numbers, defined as first trades, ahead of prior year by 38 percent; 15 percent in OTC leveraged business.IG is compliant with results of consultations from BAFIN and AMF.Year turned out to be one of least volatile in financial markets for decades- CEO.Group is planning for the UK's exit from the EU, and good progress is being made in securing regulatory approval for a subsidiary based in the EU.

ABM Industries to buy GCA Services for about $1.25 bln

Wednesday, 12 Jul 2017 06:30am EDT

July 12 (Reuters) - ABM Industries Inc -:ABM Industries to acquire GCA Services Group, a facility services leader in the education and commercial industries.ABM Industries to acquire GCA Services Group, a facility services leader in the education and commercial industries.Estimated cost synergies of approximately $20 million to $30 million.ABM Industries Inc - ‍estimated cost synergies of approximately $20 million to $30 million from deal​.ABM Industries Inc - deal for ‍approximately $1.25 billion in cash and stock​.ABM Industries Inc - deal increases annual revenues by approximately $1.1 billion and adjusted ebitda by approximately $100 million.ABM Industries Inc says abm plans to fund cash portion of purchase price and transaction expenses via its amended revolving credit facility.ABM Industries Inc - ‍to acquire GCA Services Group from affiliates of Thomas H. Lee Partners, L.P., Goldman Sachs merchant banking division for about $1.25 billion in cash and stock​.ABM Industries Inc says there are no changes to company's fiscal year outlook at this time.ABM Industries Inc - ABM expects to incur approximately $70 million in one-time, transaction, synergy, and integration-related costs.ABM Industries Inc - ‍under terms of agreement, abm will acquire gca for $851 million in cash and $399 million in shares of abm common stock​.ABM Industries Inc - ‍no changes to company's fiscal year outlook at this time​.

Equity financial holdings comments on B-20 draft guideline

Thursday, 6 Jul 2017 06:20pm EDT

July 6 (Reuters) - Equity Financial Holdings Inc ::Equity Financial Holdings comments on b-20 draft guideline.Equity Financial Holdings-c‍hanges proposed in draft guideline could have a negative impact on co's business volumes due to nature of its customer base​.Equity Financial Holdings Inc - are not currently in a position to exactly quantify possible impact from b-20 draft guideline.

CSC Financial updates on dispute with Yu Xiaofeng

Tuesday, 4 Jul 2017 07:25am EDT

July 4 (Reuters) - CSC Financial Co Ltd <6066.HK>::Updates on dispute with Yu Xiaofeng over margin financing and securities lending business.Co recently received a notice of response issued by Beijing Arbitration Commission."Company believes that arbitration application will not have a material impact on its financial position".In arbitration application, Yu Xiaofeng requested for a sum of approximately rmb38.16 million in damages.

TIP, Ampliter to launch sale of Amplifon shares by accelerated bookbuilding

Tuesday, 13 Jun 2017 12:05pm EDT

June 13 (Reuters) - TAMBURI INVESTMENT PARTNERS SPA (TIP) ::TO LAUNCH SALE OF AMPLIFON S.P.A. <<>> SHARES BY ACCELERATED BOOKBUILDING DEDICATED TO QUALIFIED INVESTORS IN ITALY AND ABROAD.INTENDS TO SELL 3.5 MILLION ORDINARY SHARES OF AMPLIFON S.P.A., REPRESENTING 1.55% OF AMPLIFON’S SHARE CAPITAL AND REPRESENTING 1.06% OF THE VOTING RIGHTS.AMPLITER NV AT THE SAME TIME HAS LAUNCHED SALE OF 5.5 MILLION SHARES OF AMPLIFON REPRESENTING 2.43% OF THE SHARE CAPITAL AND 1.66% OF THE VOTING RIGHTS.ACCELERATED BOOKBUILD PROCEDURE TO BE CARRIED OUT BY MORGAN STANLEY AND UNICREDIT BANK AG, MILAN BRANCH (IN COOPERATION WITH KEPLER CHEUVREUX) AS JOINT BOOKRUNNERS.THE ACCELERATED BOOKBUILDING TRANSACTION IN THE CONTEXT OF A FURTHER INVESTMENT OF 50 MILLION EURO BY TIP IN AMPLITER SHARE CAPITAL.

Fiera Capital announces leadership changes to Canadian division

Friday, 9 Jun 2017 09:25am EDT

June 9 (Reuters) - Fiera Capital Corp :Fiera capital- sylvain roy will continue association with co as special advisor to global management team .Fiera capital announces leadership changes to the canadian division.Fiera capital corp says jean-philippe lemay appointed president and coo of fiera capital's canadian division.Fiera capital corp says sylvain roy to remain as special advisor to global management team.

Cash Financial Services announces placing of convertible bonds by CFSG

Friday, 26 May 2017 07:24am EDT

May 26 (Reuters) - Cash Financial Services Group Ltd <0510.HK>:CFSG to place through placing agent convertible bonds with principal amount of up to hk$620 million.Net proceeds from placing (after deducting related expenses) are estimated to be about hk$614.6 million.CFSG place convertible bonds to not less than six placees at initial conversion price of hk$0.31 per cfsg share.Net proceeds will be utilized as to around hk$300 million to further strengthen CFSG Group's financial services business.

Global Brokerage Inc Q1 revenue $45.9 million

Monday, 15 May 2017 04:15pm EDT

May 15 (Reuters) - Global Brokerage Inc :Global Brokerage Inc announces first quarter 2017 results.Q1 GAAP loss per share $3.99 from continuing operations.Q1 revenue $45.9 million.Global Brokerage Inc - "we believe that potential delisting raises substantial doubt about our ability to continue as a going concern".Qtrly U.S. GAAP net loss from continuing operations includes a $23.9 million goodwill impairment charge.Global Brokerage Inc - we are working with financial and legal advisers to explore refinancing alternatives.

Markets

  • Sectors
  • U.S.
  • Europe
  • Asia

Sector Summary