1 - New City rules aim to lure new tech IPOs, will it work? …
London’s upgraded listing rules come into effect tomorrow as the City seeks to compete for tech IPOs.
2 - … maybe, but Napster is quitting London already
Napster Group PLC (AIM:NAPS, OTC:EVVRF) bundled into UK small-cap MelodyVR earlier this year, now its primary subsidiary is being bought out to go private where it expects to find better access to growth capital before seeking a fresh US stock market listing by 2023.
3 - Will investors follow Jack Dorsey around the Block
As some suspected, outgoing Twitter chief executive Jack Dorsey shaking things up at his other company, Square inc (NYSE:SQ) , which will now be relaunched with crypto vigour under the new name of ‘Block’.
4 - FTSE closes in the red
At the close on December 2, FTSE 100 closed down around 39 points, or 0.55%, at 7,129, below the session high of 7,168 and the low of 7,083.
5 - Broker ‘meh’ rating for Whitbread
Talk about damned with faint praise. In a note entitled ‘Not the worst hotel company on the world’, our friends at Peel Hunt reiterated their ‘buy’ recommendation
And another thing … Abrdn’s £1.5bn deal to buy Interactive Investor, Match agrees Tinder settlement, whilst Barclays, NatWest and HSBC fined over forex rigging.
The day ahead: Friday
Interims: Duke Royalty Ltd (AIM:DUKE), Industrials REIT Ltd (LSE:MLI, JSE:MLI), Mind Gym Limited
AGMs: Bluefield Solar Income Fund (LSE:BSIF), Ferro-Alloy Resources Limited, Fidelity Asian Values PLC (LSE:FAS), Ruffer Investment Co ltd
Economic data: Markit Services PMI (UK), Nonfarm payrolls (US), ISM Services PMI (US)