Liberum has appointed Daniel Kraus to its New York Equity Sales desk, bringing six years of sales and trading experience to help fuel investor access to European markets.
A one-time professional tennis coach brought up in South Africa, Dan joins us from US institutional broker Wall Street Access.
“Our commitment to serving US investors with access to quality Continental European companies is shown with the appointment of Dan,” said Liberum’s New York CEO Mark Godridge.
Dan’s arrival follows Drew Hendrickson who recently joined Liberum as Senior Sales Trader based in London but with a focus on the US equity client base.
Liberum by the numbers:
Ted Baker PLC (Ticker: TED LN), the British designer brand with a market capitalisation of £1bn, has named Liberum as Sole Corporate Broker with immediate effect.
The company distributes its wide range of collections through its own and licensed retail outlets, department stores and selected independents in Europe, the US, the Middle East, Asia and Australasia.
It is listed on the LSE Main Market and is a FTSE 250 company. Its annual results will be announced March 20, 2014.
Visit the Ted Baker website here >>
The Liberum team:
Sales: Jeremy McKeown
Corporate Access: Marcio Remedios
"A clear case of socialising risks and privatising profits." So writes Liberum Utilities Analyst Peter Atherton in today's (20 Feb, 2014) Spectator magazine. That's his assessment of the UK government's agreement with France's EdF to build two new nuclear reactors at Hinkley Point.
In the article, Peter describes the contract as "one of the worst ever signed by a British government". Why? A cost of £8 billion per reactor, a nine-year construction time and an index-linked power price that suggests EdF could receive as much as £150 per megawatt/hour by 2030 (seven years after the reactors are due to be completed) compared with today's wholesale price of £50/MWh.
Click here for The Spectator article >>
Liberum will be sponsoring a new Spectator power conference in September this year, ahead of the May 2015 General Election.
Email Peter Atherton (below) >>
Shares in Manx Telecom Plc were admitted to trading on AIM today (10/02/2014), followed a placing of 110.1m shares at a price of 142p, raising £156.3m. Liberum is Nominated Adviser and Corporate Broker to the Isle of Man-based telecoms company.
Manx Telecom had a market capitalisation of approximately £160m at the placing price.
Manx Telecom is the leading communication solutions provider on the Isle of Man, offering a wide range of fixed line, broadband, mobile, and data centre services to businesses, consumers and the public sector as well as a growing portfolio of innovative solutions to offshore customers.
Visit the company's website >>
Sales: Jeremy Smith
Research: Will Shirley
Corporate access: Regan Connor
JPMorgan Private Equity Limited (LSE: JPEL, JPZZ, JPSZ), a closed-ended investment company that invests in the global private equity market, has named Liberum Corporate Broker.
The Guernsey registered, London Stock Exchange-listed company's aim is to invest in a diversified portfolio of private equity fund interests and by capitalising on the inefficiencies of the secondary private equity market.
It invests in private equity partnerships and direct investments in Europe, North America and Asia. It has gross assets of $560m, net asset value of $400m and a market cap of $260m.
Company website >>
Corporate access: Regan Connor
Liberum Aerospace and Defence Analyst Ben Bourne discusses on Bloomberg TV the European defence backdrop to the Jan 31 visit to the UK by French President Francois Hollande.