UK: GENERICS TO SEEK STOCK EXCHANGE LISTING

Article Abstract:

Generics, a technology consultancy that advises and invests in new companies, has revealed that it is planning to seek a Stock Exchange listing to generate GB[pound] 50mn funds to finance future growth. The company has set an indicative share price of between GB[pound] 165 and GB[pound] 230 per share, valuing it at GB[pound] 213mn at the midpoint. Generics is involved in more than 80 technology projects and its development pipeline ranges from an engineering tool for cash machines to measure the thickness of paper currency to medical equipment designed to minimise injuries caused by surgical needles. The company made a pre-tax profit of GB[pound] 1.8mn on turnover of GB[pound] 19.8mn for the year to 31 December 1999.

Management Consulting Services, Business & Mgmt Consulting, Securities, Business consultants, Management consultants, Consulting services, Generics (UK) Ltd.

---

UK: INFOBANK FUNDING PLAN, LISTING MOVE

Article Abstract:

Infobank launched an offer on 20 March 2000 to raise GB[pound] 130mn in what is regarded in the next phase of its development plan. The UK-based business, which specialises in business-to-business (B2B) electronic commerce software, plans to use the funds to consolidate its position in this market by developing service and channel support operations and enhancing its sales and marketing structure globally. Infobank, which is capitalised at GB[pound] 1.3bn, also plans a full London Stock Exchange listing in a move away from the Alternative Investment Market, leading to it joining the FTSE 250 index of mid-sized businesses.

Prepackaged software, Computer software industry, Software industry, Finance, Internet software, Infobank

---

UK: FSA WILL SEE INCREASING COSTS

Article Abstract:

The Financial Services Authority (FSA) is likely to see costs increase due to the rise in high salaries and demand of highly skilled staff in the financial sector. A report revealed that the FSA's budget is only 4.5% higher than in 1998/99. Staff rates have risen nearly 20% at consultancy firms.

Regulation, Licensing, and Inspection of Miscellaneous Commercial Sectors, Banking Regulation, Financial services industry, Financial services, Banking law

Similar abstracts:

• Abstracts: UK: RECORD TRADE DEFICIT WITH NON-EU NATIONS. UK: BRITAIN TO MAINTAIN BORDER CONTROLS. UK: STRONG ECONOMIC GROWTH CONTINUES
• Abstracts: UK: NEW SCHEME TO COMBAT GLOBAL WARMING. UK: CONCERN AT PROSPECTS FOR MARINE LIFE. UK: CROYDON TRAMLINK OPERATIONAL
• Abstracts: UK: LACK OF CULTURAL AWARENESS AMONG FIRMS. UK: REVIEW OF CHIEF EXECUTIVE PAY. WORLD: BUSINESSES AWARE OF CAPITALISM BACKLASH
• Abstracts: UK: SHORTS TO CREATE 1,000 JOBS IN BELFAST. UK: M&S SHELVES BROOKS BROTHERS PLAN. UK: MATALAN EXPANSION WILL CREATE 2,000 JOBS
• Abstracts: Firms ask too much of investments UK: RURAL FIRMS FALL BEHIND. UK: BUREAUCRACY HINDERS NEW JOBS IN SMALL FIRMS

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.