Europe · GB
A company offering new shares at a discount is not simply giving investors a bargain: the math behind rights issue pricing, and the theoretical ex-rights price it points to, explains why.
A passive fund can hold every stock in its benchmark and still finish the year in a different place. Here is why that gap, known as tracking error, is a structural feature of indexing rather than a flaw.
A single UK government bond auction can raise billions of pounds in under a minute of bidding. Here is the mechanics behind that process, from the first bid to the final settlement.
A company offering new shares at a discount is not simply giving investors a bargain: the math behind rights issue pricing, and the theoretical ex-rights price it points to, explains why.
A passive fund can hold every stock in its benchmark and still finish the year in a different place. Here is why that gap, known as tracking error, is a structural feature of indexing rather than a flaw.
A single UK government bond auction can raise billions of pounds in under a minute of bidding. Here is the mechanics behind that process, from the first bid to the final settlement.
A look at how index committees like the one behind the FTSE 100 set objective rules for membership, then apply them on a fixed quarterly schedule rather than by discretion.
A UK take-private can hinge on a single shareholder vote threshold rather than a simple majority. Here is how a scheme of arrangement differs from a contractual offer.
The UK's Market Abuse Regulation covers far more than trading on secret tips. Here is what it actually bans, and why the scope is wider than most people assume.
A UK rights issue hands existing shareholders new shares at a discount, but the mechanics of dilution and pre-emption mean the outcome depends entirely on what an investor chooses to do next.