Friday 3 June 2016

Euronext reports 7 IPOs in May as market conditions improve


A stock market operator Euronext's universal analyst works in the market services surveillance room center at the new Euronext headquarters at La Defense business and financial district in Courbevoie near Paris
A stock market operator Euronext's universal analyst works in the market services surveillance room …
(Reuters) - Pan-European exchange Euronext said on Friday that seven new companies had joined its markets in May, adding that it had seen improved market conditions for listings.
Euronext, which operates bourses in Paris, Amsterdam, Brussels, London and Lisbon, said initial public offerings in May included Philips Lighting BV in Amsterdam, the largest IPO in Europe year-to-date, raising capital worth 750 million euros.
Euronext said in April that market conditions significantly slowed worldwide IPO activity during the first quarter of the year, which was the weakest first quarter since 2009.
Global markets have been erratic recently amid worries about China's economy and falling oil and commodity prices.
The bourse operator's listing revenue fell 7.2 percent to 14.2 million euros in the quarter ended March 31.
Euronext earlier reported no new listings in February due to highly volatile market conditions, compared with nine new listings in the period last year, that raised more than 2 billion euros.
(Reporting by Noor Zainab Hussain in Bengaluru; Editing by Sunil Nair)

Reuters

Thursday 2 June 2016

Temasek, GIC buy $1 billion in Alibaba stock in SoftBank sale-By Peter Henderson and Arathy S Nair


People walk past a sign of Alibaba Group at its campus in Hangzhou
People walk past a sign of Alibaba Group at its campus in Hangzhou, Zhejiang Province, China, May 27, …
By Peter Henderson and Arathy S Nair
(Reuters) - Singapore state funds bought $1 billion (693.43 million pounds) of shares in Chinese e-commerce company Alibaba Group Holding Ltd as part of an $8.9 billion sale by Japan's SoftBank Group Corp <9984 .t="">, Alibaba's biggest shareholder, the company said on Wednesday.
Singapore sovereign wealth fund GIC Pte Ltd [GIC.UL], and state investor Temasek Holdings [TEM.UL] each purchased $500 million (346.72 million pounds) of Alibaba shares at $74.00 apiece through subsidiaries, Alibaba said, offering details of the SoftBank sale announced on Tuesday.
GIC and Temasek confirmed the transactions but declined to provide further comment. Temasek is an existing investor in Alibaba. (http://bit.ly/1WxEce6)
Alibaba purchased $2 billion of its own stock at the same price, in a move which would add to earnings, Executive Vice Chairman Joe Tsai told analysts on a call.
Members of the Alibaba Partnership of senior executives and founders purchased another $400 million, as expected, at the $74 per share price, he added.
SoftBank also offered $5.5 billion in debt securities, which can be exchanged for Alibaba stock in three years, Tsai said.
SoftBank Group said on Tuesday it would sell at least $7.9 billion of shares in Alibaba to cut the Japanese company's debt. It said it would remain Alibaba's largest shareholder after the sale.
Shares of Alibaba fell about 6.5 percent to close at $76.69.
(Reporting by Parikshit Mishra in Bengaluru; Additional reporting by Anshuman Daga in SINGAPORE; Editing by Richard Chang and Kenneth Maxwell)

Culled from Reuters

Wednesday 1 June 2016

7 Jobs You’ll Never Get Unless You Know Someone -Sam Becker


A hot job: workers producing video games are seen working in office
A hot job: video game producers are seen working in office | Wojtek Radwanski/AFP/Getty Images
When it comes to getting certain jobs, it’s all about connections. Having personal relationships or having a strong ability to network can get you incredibly far in life, and there are countless examples of how connections can and will give you a leg up in your job search. As a business owner, being engaged in the social circles and networks can secure you big contracts or business deals. As a worker, knowing the right guy may get you high-paying jobs — jobs you may not be qualified for.
Or, having the right connections and being the right networks can simply open doors that would have otherwise remained closed completely. There are many industries in which it is hard to get an interview, let alone a job, and it seems as though the only way in is to know the right people.
It’s similar in other areas of life, too. We all know that family ties and networks can get you into high-ranking colleges and universities, for example.
The real problem with this is that it undermines one of the core principles on which our system is built upon: The idea that you can go anywhere and do anything, as long as you’re willing to work for it. That still holds true, largely. But you can’t deny the influence that networking and personal connections can have on landing you a good job. Of course, some of these jobs are harder to get than others.
With some help from LinkedIn, we now have a good idea of which specific industries and jobs those are. Here are seven jobs that are seemingly impossible to get unless you know the right people.

7. Defense and space

A US Army soldier looks over a Barrett M107A1 rifle
A US Army soldier looks over a Barrett M107A1 rifle | Jim Watson/AFP/Getty Images
Though you see a soldier in the photo above, military jobs aren’t necessarily what we’re talking about. Instead, it’s more along the lines of the jobs that are designing and creating the weapon in the photo. Jobs in the defense and space industry — working for companies like Boeing, McDonnell Douglas, etc. — aren’t easy to come by. If you want to design missiles or rockets, you’re going to need some connections, or a beefy resume, to get in the door.

6. Management consulting

Young group of people working on laptops
Young group of people working on laptops iStock
Some of the world’s most prestigious firms work in the world of management consulting. You’ve heard some of the names before — PricewaterhouseCoopers, Deloitte, etc. If you want to work at one of them, however, you’re in for some stiff competition. These jobs pay well and look great on a resume, but you’re going to need help to get in.

5. Wireless

People test out smartphones
People test out smartphones | Lluis Gene/AFP/Getty Images
“Wireless” is a pretty vague term, but as you may have guessed, it refers to the wireless industry. That’s an industry that has been fueled by new and innovative technologies over the past two decades, spurring the creation of smartphones and a number of other things. But getting an job at Apple or Google working on their wireless products is damn near impossible for the average Joe, so tap your network before thinking about applying.

4. Politics

A member of the United States Secret Service stands guard
A member of the United States Secret Service stands guard | Jim Watson/AFP/Getty Images
If there were ever an obvious profession in which personal connections helps you get in, it’s politics. Just look at some of the dynastic names out there: Kennedy, Bush, Clinton. They all come from lines of political power. It’s not easy to get elected or appointed to a high-powered position without a solid network.

3. Private equity and venture capital

Money and capital
Money and capital | Chung Sung-Jun/Getty Images
Big money requires some big connections. The world of private equity and venture capital are fairly mysterious to the layman — perhaps only accessible through Shark Tank for a good percentage of the population. As for how you actually get into the industry? Have somebody on the inside. Or at least an awful lot of capital, or an insane track record making people a lot of money.

2. Computer and network security

A computer keyboard
A computer keyboard | Loic Venance/AFP/Getty Images
Though it’s definitely a growth industry, it can be hard to get your foot in the door in the network and computer security industry. It requires a select set of skills, and the jobs generally pay pretty well. For that reason, it’s hard to get in. Knowing the right people is your surest bet.

1. Video games

Star Wars: Battlefront gameplay
Star Wars: Battlefront gameplay | EA
Making video games sounds like one of the coolest jobs imaginable. That means that there are a lot of people trying to break into the industry, making it incredibly competitive. You can have the skills and resume, but when decisions need to be made, it’ll probably come down to networking efforts and personal connections.
If you ever doubted the importance of networking, try getting one of these jobs without somebody’s help. It’s possible, but considerably more difficult.

Culled from Money & Career Cheat Sheet