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Saudi Aramco to offer just 0.5% of shares to individual investors

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Saudi Aramco published its long-awaited prospectus over the weekend

Saudi Aramco published its long-awaited prospectus over the weekend

Saudi Aramco published its long-awaited prospectus over the weekend

Oil titan Saudi Aramco will offer just 0.5 per cent of its shares to individual investors when it floats.

The firm, owned by the Saudi Arabian state, published its long-awaited prospectus over the weekend. 

But the 658-page document was light on detail, and revealed nothing about how much the shares would be valued at, the total percentage of the company which would be sold, or a date for the stock market listing.

 

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Titanic manufacturer Harland & Wolff rescue deal moves ahead

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Rescuer deal: Harland & Wolff buyer Infrastrata is set to tap investors for £6m

Rescuer deal: Harland & Wolff buyer Infrastrata is set to tap investors for £6m

Rescuer deal: Harland & Wolff buyer Infrastrata is set to tap investors for £6m

It’s full steam ahead for the rescue of Titanic manufacturer Harland & Wolff as its buyer prepares to tap investors for £6million.

Energy firm Infrastrata will announce a placing of new shares to the market this morning for 0.3p each. 

It will use the cash to pay £5.25million for Harland & Wolff’s engineering assets, securing the future of the shipyard’s 70 employees.

 

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Chinese industrial giant poised to snap up British Steel in £70m deal

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Chinese industrial giant Jingye is set to pay £70m for British Steel

Chinese industrial giant Jingye is set to pay £70m for British Steel

Chinese industrial giant Jingye is set to pay £70m for British Steel

A CHINESE industrial giant could snap up British Steel within days, saving 4,000 jobs.

Jingye, founded by 69-year-old Li Ganpo, is set to pay £70m for the business, securing the future of its flagship Scunthorpe plant. 

Jingye pounced after rescue talks with Turkish investor Ataer fell through last month. 

The Chinese firm has vowed to pour money in and ‘never to sell British Steel to another buyer’.

 

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Women could solve UK’s productivity puzzle 

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Just 14 FTSE 350 boards have a female chief executive, including drugs giant GlaxoSmith-Kline's Emma Walmsley

Just 14 FTSE 350 boards have a female chief executive, including drugs giant GlaxoSmith-Kline's Emma Walmsley

Just 14 FTSE 350 boards have a female chief executive, including drugs giant GlaxoSmith-Kline’s Emma Walmsley 

Boosting women’s participation in the workforce could be the answer to Britain’s ‘productivity puzzle’, claims a top economist.

Productivity, or the amount of goods and services produced per hour worked, has flat-lined in the UK since the start of the financial crisis even as the economy has recovered, confusing experts.

But encouraging more women into the workforce could jump-start productivity, according to Vicky Pryce of economic consultancy the Centre for Economics and Business Research.

She has called for measures such as better parental leave, more heavily subsidised childcare and stronger enforcement of equal pay. 

Pryce added: ‘It is clear that when women leave work to have children they almost never recover their earlier career path.’

On Wednesday, a report from the Hampton-Alexander Review – an independent body set up to increase the number of women on FTSE 350 boards – is expected to show progress at many firms. 

Currently just 14 have a female chief executive, including drugs giant GlaxoSmith-Kline’s Emma Walmsley.

 

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