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Archive for: March, 2007

Paul Penrose - Finextra - London | 29/03/2007 | 4455 views

Inside the Blackstone IPO

Private equity has grown fat on critiquing the operation of public companies. The Blackstone IPO offers a rare opportunity to turn the tables. As part of its filing with the SEC, Blackstone issued a 200 page document that reveals many of the firm's business details for the first time: earnings of $2.27 billion last year, more than $2 billion i... Tags: Dealing rooms, Wholesale banking

Paul Penrose - Finextra - London | 28/03/2007 | 3644 views

Smart money freezes out Ice in favour of CME

Where's the smart money going on the likely outcome of the ongoing tug-of-war for the Chicago Board of Trade (Cbot)? Dublin-based person-to-person trading mart Intrade has listed 4 new markets on the Cbot merger tussle. 1. Cbot & Chicago Mercantile Exchange by end December 2007 ~ 65% likely2. Cbot & Intercontinental Exchange by end Dece... Tags: Trade execution, Wholesale banking

Paul Penrose - Finextra - London | 23/03/2007 | 3409 views

Missing Link mystery solved

I blogged Monday about a curious report in the Sunday Times that identified the UK’s Link ATM network as the frontrunner to buy Lloyds TSB Registrars, the share registration arm of the UK bank. Lloyds TSB Registrars acts as registrar for more than 800 companies, including 60% of FTSE 100 companies. The business is valued at about £600 m... Tags: Trade execution, Retail banking

Paul Penrose - Finextra - London | 19/03/2007 | 2725 views

Missing Link for Lloyds TSB Registrars

Shares in Lloyds TSB have firmed up on weekend reports that UK ATM network operator Link has emerged as the frontrunner to buy the bank's share registration arm.Link, backed by US buy-out firm Bain Capital, is leading a short list of about four trade and private-equity suitors for Lloyds TSB Registrars, according to this report in the Sunday Ti... Tags: Payments, Retail banking

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