AFP reported that Yancoal Australia, a new firm created by the merger of Gloucester Coal and China's Yancoal, listed on the Australian Stock Exchange in the bourse's biggest debut in 18 months. Yancoal Australia, worth some AUD 5.4 billion, debuted at AUD 1.50, describing itself as one of the largest pure play coal companies in Australia. It closed at AUD 1.34 after a slow first session, with only 288,441 shares changing hands. Yancoal's major shareholder, with 78% of stock, is parent company Yanzhou Read more [...]

The State of Listed Derivatives Published on 28 Jun 2012 /* Style Definitions */ table.MsoNormalTable {mso-style-name:"Table Read more [...]

By Anjuli Davies and Chris Vellacott LONDON, June 28 | Thu Jun 28, 2012 9:37pm IST LONDON, June 28 (Reuters) - UBS Global Asset Management has pressed on with efforts to catch up with rivals in the exchange-traded funds business, listing a record 64 of the index-tracking vehicles on the London Stock Exchange in a single day. The move marks a concerted step in the Swiss group's push to muscle in on the ETF market having been slow to capitalise on Read more [...]