European IPOs fizzle out as political turmoil roils stocks

The European IPO market is unlikely to see any new candidates until after the summer, as political uncertainty has roiled markets, bankers said. This week Italian luxury sneaker brand Golden Goose and Spanish fashion retailer Tendam both postponed planned listings citing the impact that France’s snap election had on markets. The election call last week […]

London’s FTSE 100 flat; energy, miners lead decline

London’s FTSE 100 was flat on Monday as investors turned cautious ahead of key inflation data in the United States, while a downtick in oil and copper prices weighed. The blue-chip FTSE 100 was unchanged after touching a two-week high on Friday, while the mid-cap FTSE 250 was off 0.1% at 0709 GMT. The energy sector fell 0.3%, in tandem with […]

Explainer: What to expect as US moves towards faster stock settlement

U.S. markets are set for an upheaval on Tuesday, May 28, when the settlement time for U.S. equities, corporate municipal bonds and other securities will be halved to one day, or T+1, following the adoption of a new Securities and Exchange Commission (SEC) rule in February 2023. Here is what to expect: WHAT IS SETTLEMENT? A […]

Family offices become prime targets for cyber hacks and ransomware

Family offices are under increasing attack from cybercriminals, and many don’t have the staff or technology to prepare, according to a new survey. More than three quarters, 79%, of North American family offices say the likelihood of a cyberattack “has increased dramatically in the past few years,” according to a survey of single-family offices by Dentons, […]