Analysis

Is SpaceX A UK Growth Biz? Lawyers Say It Doesn't Matter

By Najiyya Budaly

SpaceX was not quite what the authors of a new U.K. capital-raising regime for unlisted businesses had in mind for a typical beneficiary, but lawyers argue that Elon Musk's space project becoming the first user of the funding source shows its potential for other offshore issuers.

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Mineral Miner Amaroq Plans To Quit AIM, Move To Main Market

By Dawood Fakhir

Mining company Amaroq Ltd. said Friday that it plans to transfer its listing from the Alternative Investment Market to the London Stock Exchange's main market.

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EIG-Managed Fund Sells £112M Stake In Global Energy Biz

By Dawood Fakhir

A fund managed by U.S. investor EIG Management Co. LLC has sold its stake in Harbour Energy PLC for £112 million ($150 million) as it exits the oil and gas company it helped to set up, bookrunner Barclays said Friday.

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Roundup

UK Litigation Roundup: Here's What You Missed In London

By Megan Norcott

The past week in London, Russia's state development bank was sued in a commercial fraud claim involving military GPS technology, one of Nike's subsidiaries brought an intellectual property claim against a menswear company owner, BlackBerry re-opened a $6.49 million claim against its South Asian licensee and CBRE property services filed a claim against CMS Cameron McKenna Nabarro Olswang LLP. 

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Haynes Boone-Led Helium Biz Raises £17.6M From Share Sale

By Tom Fish

Helix Exploration PLC said Friday that it has raised a total of £17.6 million ($23.5 million) through two separate share sales to fund the acquisition of a helium liquefaction facility in the U.S.

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Brief

Battery Biz Raises £5M In Oversubscribed Share Sale

By Irene Madongo

Battery manufacturer Ilika said Friday it has conditionally raised £4.56 million ($6 million) through an oversubscribed share sale, and plans to use the proceeds to support the commercial development of its product lines and invest in equipment.

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Brief

Danish Lender Ringkjoebing To Roll Out New $61M Buyback

By Irene Madongo

Denmark-based bank Ringkjoebing said Friday it will launch a new stock repurchase program worth 400 million Danish kroner ($61.3 million), which is expected to further lower its share capital.

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FCA To Simplify Cost Disclosures On Consumer Investments

By Alex Davidson

The Financial Conduct Authority has set out proposals to simplify how financial services platforms and advisers disclose investment costs to consumers by merging fragmented rules on disclosure into a single approach.

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EU Watchdog To Ease Transaction Reporting For €1B Saving

By Alex Davidson

The markets watchdog of the European Union has released a plan to simplify transaction reporting for financial institutions by eliminating duplication across rules as it seeks to save up to €1 billion ($1.14 billion) a year.

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Sullivan & Worcester Adds 10-Lawyer VC Team In London

By Ashish Sareen

Sullivan & Worcester LLP has recruited 10 lawyers from German technology-focused law firm YPOG GmbH & Co. KG to launch an emerging companies and venture capital practice in London.

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Weil Hires Senior Finance Pro From A&O Shearman In London

By Ashish Sareen

Weil Gotshal & Manges LLP said Friday that it has boosted its team in London with the hire of a fund finance leader at A&O Shearman.

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