Manchester United registers for an IPO

Source: BBC
UK soccer club Manchester United Ltd. has announced its plans for an initial public offering, seeking for $100m in new investments. Documents presented together with the Securities and Exchange Commission said that that the club was to enter the New York Stock Exchange after refusing a $1bn flotation on the Singapore stock market last year. Man United documented a profit of $59.9mln comparing to $20.9mln last year. Revenue in a nine-month period grew 6.1%.
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Wed, 04 Jul 2012 09:27:36 GMT

Nikkei 225 prolongs gains on easing hopes

Japanese shares traded higher for the second straight session lifted by hopes ECB and PBOC will intervene to support growth. Nikkei 225 index climbed 0.41% or 37.58 points and finished at 9,104. Inpex Corp, Japan's biggest energy provider, surged 2.9% after oil reached a one-month high amid renewed tensions in Iran. On the downside JFE Holdings the country's second-largest steelmaker,

Wed, 04 Jul 2012 10:37:37 GMT

Nigeria's $4.5 billion oil agreement with Vulcan Petroleum

Nigeria, the most important oil producer in Africa, has agreed to an initial deal valued at USD4.5 billion with the US company, Vulcan Petroleum, to establish six new oil refineries. The arrangement will increase the existing capacity by 180,000 barrels a day. Moreover, two factories will have working capacity by the end of 2012.

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