James Moore: It's blockbuster season for floats and sell-offs
Your support helps us to tell the story
From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.
At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.
The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.
Your support makes all the difference.Outlook There is, of course, one part of the economy where things surely are looking up. And, yes, it's the City again.
Floats and deals keep its wheels turning and the market for new share issues, at least, is looking buoyant again.
Obviously there are a lot of banking assets due to come on to the market, with the state selling (Lloyds, perhaps RBS), the state supported banks selling (TSB, Williams & Glyn's) and others thinking about dusting off their plans.
Then there's the Royal Mail, Foxtons and Merlin Entertainment. The London Stock Exchange's cup runneth over, and what's more there doesn't appear to be a Bumi or an ENRC among them to besmirch London's reputation.
Happy days then? Up to a point. It's true that fund managers are potentially going to get quite a bit of cash to invest through Vodafone's sale of Verizon Wireless.
But even with that, there's still a danger, with all those assets speeding towards the market, of Hollywood block-buster syndrome: when all the studios release their summer specials at more or less the same time, some will inevitably flop.
Join our commenting forum
Join thought-provoking conversations, follow other Independent readers and see their replies
Comments