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Saudi Arabia called off plans to formally market shares of its state oil company outside the kingdom and other Gulf countries in its initial public offering, reported The Financial Times.
Saudi Aramco has delayed its planned initial public offering for until after its third quarter results in the hope that they will boost investor confidence, sources told Reuters on Thursday.
Shares of British building trade supplier Brickability were admitted to trading on London's Alternative Investment Market on Thursday after it raised £57m in its initial public offering.
Poundland's owner Pepkor Europe is reported to be preparing a €4bn (£3. 7bn) sale or flotation in September after untangling itself from its troubled parent company.
Analysts at Jefferies gave the 'thumbs up' to Burford Capital's response to shareholder concerns about governance, reiterating their 'buy' recommendation and 2,400p target price for the shares.
