UK software company, Micro Focus, plans to list on the London Stock Exchange in the first half of 2005. The company said that the IPO is expected to be by way of a placing to institutions. UBS Investment Bank and Goldman Sachs International have been appointed joint global co-ordinators of the global offer. In preparation for the planned listing Micro Focus has appointed Kevin Loosemore as non-executive chairman. Until 31 March 2005, Loosemore was chief operating officer of Cable & Wireless. Meanwhile David Maloney has been appointed as non-executive director. The IPO is expected to provide funding for future opportunities and to drive expansion. In addition, the IPO is expected to enable Micro Focus to achieve a more conventional capital structure for a growth business and an enhanced quoted profile.
A report by broking group Marsh examines the repercussions from the administration of the South Korean company, which filed for bankruptcy protection at the end of August.
Global research by C2FO suggests that smaller businesses are less concerned with the repercussions of Brexit and the upcoming US presidential election.
A squeeze on skilled talent means it now takes an average of seven weeks to fill open permanent roles in finance in the UK according to new research from financial services recruitment firm Robert Half.
Early-stage merger and acquisition deals in Asia-Pacific show nearly 10% year-on-year growth in recent months.