Ian is the editor and a director of Proactive Investors. He oversees all editorial output and is also heavily involved with business development. He moved to Proactive from the Daily Mail, where he was City News Editor and Investment Editor and brings with him a wealth of experience in business and finance. At the Mail he directed the coverage of some of the biggest stories ever to emerge from the City as the credit crunch and banking crisis felled some of the nation's best known financial institutions. In his 20 years as a business reporter and editor Ian has worked for Dow Jones, writing stories for the international news wire and the Wall Street Journal. He also led the London company coverage for AFX News, now part of Reuters.
“The placing is expected to allow the group to continue to fund additional product and commercial development activities and to seek additional licence agreements on more favourable terms than would otherwise be available,” the company said.
In a note to clients, the American bank said that while valuations are inflating, input cost pressures are also “escalating”.
The gripe for investors was the lack of clarity over its negotiations with the US Department of Justice.
Analysts and investors were closely monitoring the results for an update on the company’s pension deficit, which they duly received. It expanded to £9.5bn.
The stock has been downgraded in the face of some fairly tough trading conditions.
The AIM-listed company said it has also commissioned a further seven-kilometres of pipeline as part of its Bonaberi expansion programme.
Liberum says Vina offers “access to high-growth opportunities through investments in private equity, pre-IPO and listed companies”.
“This offshore operation was a resounding success and importantly has validated the use of jack up vessels for the purpose of installing tidal turbine foundations offshore in high flow locations,” Atlantis said.
A look at some early analyst views in the City
The bookmakers have been put under the microscope, while Shell has been downgraded.
A look at some City analysts view on Tuesday.
“Our key concern is that cash generation does not support [the] valuation,” the Wall Street investment bank said.