Rolling coverage of the latest economic and financial news
There’s good news for the UK’s stock market this morning – British bank Shawbrook is planning an initial public offering in London.
Shawbrook has announced that it intends to float its shares on the Main Market of the London Stock Exchange, to fund its growth plans and boost its “profile and brand recognition” in the UK.
“When Shawbrook was founded, we saw that large parts of the UK economy were unable to access the capital needed to grow. Since then, we have created a scaled and diversified banking platform, combining next generation technology with deep human expertise, that makes us uniquely placed to provide our customers with the flexibility, speed and certainty they need.
“The strength of our platform has enabled us to deliver a long track record of sustainable, profitable growth through a wide variety of macro conditions. We have transformed the size of our loan book as we’ve won share, entered new markets and expanded our capabilities through strategic acquisitions; we have built a trusted and attractive savings proposition that provides us with a stable and scalable funding base; and the significant investment in our digital platform provides excellent risk management capabilities and strong operating leverage.
We went long JPY in our FX Blueprint but are now getting out following the LDP election outcome this weekend. Sanae Takaichi’s surprise victory reintroduces too much uncertainty around Japan’s policy priorities and the timing of the BoJ [Bank of Japan] hiking cycle.
There is agreement that inflation is a problem in Japan, but uncertainty is now going up again on how it will be dealt with
Continue reading…Rolling coverage of the latest economic and financial newsJapan poised to get first female PM after Sanae Takaichi wins ruling party leadershipThere’s good news for the UK’s stock market this morning – British bank Shawbrook is planning an initial public offering in London.Shawbrook has announced that it intends to float its shares on the Main Market of the London Stock Exchange, to fund its growth plans and boost its “profile and brand recognition” in the UK.“When Shawbrook was founded, we saw that large parts of the UK economy were unable to access the capital needed to grow. Since then, we have created a scaled and diversified banking platform, combining next generation technology with deep human expertise, that makes us uniquely placed to provide our customers with the flexibility, speed and certainty they need.“The strength of our platform has enabled us to deliver a long track record of sustainable, profitable growth through a wide variety of macro conditions. We have transformed the size of our loan book as we’ve won share, entered new markets and expanded our capabilities through strategic acquisitions; we have built a trusted and attractive savings proposition that provides us with a stable and scalable funding base; and the significant investment in our digital platform provides excellent risk management capabilities and strong operating leverage.We went long JPY in our FX Blueprint but are now getting out following the LDP election outcome this weekend. Sanae Takaichi’s surprise victory reintroduces too much uncertainty around Japan’s policy priorities and the timing of the BoJ [Bank of Japan] hiking cycle.There is agreement that inflation is a problem in Japan, but uncertainty is now going up again on how it will be dealt with Continue reading…
