To embed, copy and paste the code into your website or blog:
The FCA has published its anticipated consultation paper on its proposed changes to the Listing Rules in relation to special purpose acquisition companies (SPACs). The proposals set out the framework for a more flexible regime for larger SPACs that provide strong investor protections. Subject to the consultation process, the FCA aims to introduce the proposed changes by the summer.
Background
Currently under the Listing Rules there is a rebuttable presumption that a SPAC will be suspended from listing when it announces its target acquisition. The basis for this presumption is that there will generally be insufficient publicly available information about the proposed transaction and the SPAC will be unable to assess accurately its financial position and inform the market accordingly. A consequence is that while a SPAC is suspended, investors in the SPAC are unable to realise their investment.
2 FTSE 100 investments for a Stocks and Shares ISA
More on:
The
FTSE 100 has recently reached a post-pandemic high. However, despite this performance, I think it can head even higher. This is because many businesses in the lead index continue to look cheap compared to their potential.
With that in mind, here are two index champions I’d buy for my Stocks and Shares ISA today to capitalise on this trend.
US$12.3 TRILLION out of thin air…
And if you click here we’ll show you something that could be key to unlocking 5G’s full potential.
FTSE 100 investments
I believe this mining conglomerate is perfectly positioned to ride the global economic recovery over the next few years. According to the company’s latest trading update, production from its copper and iron ore mines increased 9% and 1% respectively for the third quarter of its financial year.
As the FTSE 100 stays above 7,000, Aviva and Pearson shares rise
More on:
The
FTSE 100 has managed to stay above 7,000 index points for three days running. Various factors have been contributing to the positive sentiment. Major mining stocks boosted share prices on Wednesday, followed by tobacco stocks on Thursday. Today it appears to be The Bank of England’s improved growth forecasts bolstering the FTSE 100, with
Rolls-Royce
Tech stock Pearson rises
Yesterday, educational publisher Pearson was top of the FTSE 100 risers, up over 3%. This turned out to be in response to institutional research company Exane BNP Paribas upgrading its guidance on the stock. Pearson provides educational products and services to governments, educational institutions, corporations, and professional bodies globally. And Exane believes Pearson will successfully scale its direct-to-consumer educational tech revenues.
2 investment trusts to buy in May
More on: Image source: Getty Images.
Investment trusts are a great way for both new and experienced investors to gain access to the stock market. They provide exposure to an array of diverse high-end stocks, for a cost-efficient price.
In this article, I am going explain why I have just added F&C Investment Trust (LSE: FCIT) and
Scottish Mortgage Investment Trust(LSE: SMT) to my portfolio.
US$12.3 TRILLION out of thin air…
And if you click here we’ll show you something that could be key to unlocking 5G’s full potential.
F&C Investment Trust
1 FTSE 100 and 1 FTSE 250 stock I’d buy now
More on: Image source: Getty Images
The UK property market boom continues. This is evident in the performance of real estate companies and two of them released trading updates today.
The first is
FTSE 250 real estate investment trust
US$12.3 TRILLION out of thin air…
And if you click here we’ll show you something that could be key to unlocking 5G’s full potential.
Both stocks have run-up in today’s trading. While Barratt Developments is up by almost 2%, making it among the biggest FTSE 100 gainers, Derwent London is up by almost 1%.