IE Staff The market for initial public offerings in Canada teetered into 2015 under the influence of equity market confusion, depressed commodity prices and a slack Canadian economy that all combined to slow activity, the quarterly survey of Canadian markets by PwC has shown. After a volatile final quarter in 2014, the IPO market failed to pick up speed in the first three months of this year. Just five new issues across all exchanges made it to the market in the first quarter, the PwC survey revealed, with total proceeds of more than $624 million — up from the meager $2.3 million in the first quarter of 2014 but below the $810 million from two issues in the final quarter of last year. The largest issue of the quarter was the $621 million float of Fairfax India Holdings Corporation on the TSX. It was the only TSX activity in a quarter that saw just one issue on the TSX Venture and three on the CSE. “Despite the slowdown, the IPO market is still all about new opportunities, and we saw emerging trends and developments this quarter,” says Dean Braunsteiner, PwC national IPO leader. “The Fairfax issue, an investment fund focused on businesses in the Indian subcontinent, is an innovation that has found favour in a chaotic market otherwise fixated on falling oil prices and other headlines.” The debut in March of the Aequitas NEO exchange is another welcome sign of innovation and potential change in the Canadian equity market landscape, Braunsteiner says. “We’re going to be watching the development of NEO with real interest to see what kind of new opportunities and new sectors it cultivates.” One new mining issue reached the market in the first quarter (Montego Resources Inc. on the CSE) along with one oil & gas issue (San Angelo Oil Limited on the Venture). PwC has conducted its survey of the IPO market in Canada for more than 10 years. The reports, which are issued on a quarterly basis, do not consider investment vehicles such as structured products as IPOs because they do not represent new equity raised for operating companies. Canada’s IPO market topped $2B in 2018 Share this article and your comments with peers on social media Keywords Share offerings Diversity in offerings, exchanges highlights Canada’s Q3 IPO market Facebook LinkedIn Twitter TSX streamlines corporate takeovers Related news
Home NSN becomes Nokia Solutions and Networks, considers job cuts Tim Ferguson Nokia Siemens Networks (NSN) will now be known as Nokia Solutions and Networks, following completion of Nokia’s €1.7 billion acquisition of Siemens’ 50 per cent stake in the joint venture company — while rumours surfaced of potential job losses.The Siemens name will be phased out from the network vendor’s name and branding but the company will continue to be referred to as NSN for financial reporting purposes.The company reaffirmed its focus on mobile broadband, and emphasised that the ownership change brings “further stability, clarity and confidence in the future”.“While our name and brand have changed, I would like to emphasise that our overall strategy and our focus on mobile broadband remain the same,” said Rajeev Suri, who continues as NSN’s CEO.Nokia also stated its plan to “continue to strengthen the company as a more independent entity”.However, Bloomberg reports that the company is considering a reduction of 8,500 jobs to boost profitability and offset declining sales.Sources said the potential job cuts would bring NSN’s total workforce down to 42,000 by the end of 2014, a 17 per cent reduction. The cuts would be achieved by closing plants and outsourcing manufacturing.NSN has turned itself around since around late 2011 when it announced a major restructure involving the loss of 17,000 jobs and cost reductions of €1 billion by the end of 2013. It shifted its focus to mobile broadband in early 2012.With an adjusted operating profit of €822 million (from net sales of €13.7 billion) during 2012, NSN was the most profitable part of Nokia’s business.However, net sales for the second quarter of 2013 fell by 17 per cent year-on-year to €2.78 billion. This was attributed to the sale of businesses “not consistent with NSN’s strategic focus”, the exiting of certain customer contracts and reduced wireless infrastructure deployment activity. Previous ArticleVodafone UK majors on content in LTE plans; preps O2 battleNext ArticleSingTel, Visa to launch online, point-of-sale payments FinancialTechnology Tags Tim joined Mobile World Live in August 2011 and works across all channels, with a particular focus on apps. He came to the GSMA with five years of tech journalism experience, having started his career as a reporter… More Read more CTA, Trump push for tech skills training AddThis Sharing ButtonsShare to LinkedInLinkedInLinkedInShare to TwitterTwitterTwitterShare to FacebookFacebookFacebookShare to MoreAddThisMore 07 AUG 2013 Author IFA Berlin to get fresh format Vodafone ups diversity efforts Related
LinkedIn Science and folklore alike have long suggested that high levels of testosterone can facilitate the sorts of attitudes and behavior that make for, well, a less than ideal male parent.It has long been known that among humans (and some other species as well), males who cooperate amicably with their female mates in raising and nurturing offspring often have lower testosterone levels than their more aggressive and occasionally grumpy counterparts. But two University of Notre Dame anthropologists are looking beyond the nuclear family for such effects.Not only spouses, but also other relatives, good friends, colleagues, neighbors and fellow church members can play a role, suggest Lee T. Gettler, assistant professor of anthropology and director of the Notre Dame’s Hormones, Health, and Human Behavior Laboratory, and Rahul C. Oka, Ford Family Assistant Professor of Anthropology, in an article forthcoming in the journal Hormones and Behavior. Email Share on Twitter The new study focuses on a large, representative sample of aging U.S. men and the ways their testosterone varies when they have emotionally supportive relationships.“Compared to other U.S. men, fathers and married men often have lower testosterone,” Gettler said. “We think this helps them be more nurturing. We are the first to show that this also occurs with other social relationships. Our results show that when older men have emotionally supportive relationships with their siblings, friends, neighbors and coworkers, they also have lower testosterone.”According to Gettler, “We know that men and women with social support have much better health, overall, while testosterone affects risks for depression, cardiovascular disease, obesity and some cancers. We hope our findings, connecting these two areas, help stimulate new conversations about social support, biology and well-being.“Most of us have probably seen the TV commercials promoting testosterone as a remedy for symptoms of aging or ‘manopause.’ Our findings suggest that the social side effects of these testosterone supplements in older men should be carefully studied. While testosterone does go down with age, the potential social benefits that can accompany lower testosterone suggest it is not all doom and gloom.” Share Pinterest Share on Facebook
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Sunderland manager Martin O’Neill has confirmed that record signing Asamoah Gyan is unlikely to return to the club after his season-long loan deal runs out.The Ghanaian has two years remaining on his contract with Sunderland.According to O’Neill, Gyan, who is on loan at United Emirates side Al-Ain, seems unwilling to return to Sunderland this summer.“The situation is, I believe it was a year-long loan for a start for which they had to pay us some money of the transfer fee which we paid in the first place, and that is still in existence,” said O’Neill.“There was some talk between all parties in January that didn’t come to anything. I wasn’t party to those conversations, although I was kept informed of them.“I think it will be the end of the season before I can assess anything. There has to be a willingness on behalf of all parties as well; you wouldn’t really want somebody who is really unwilling to come back to the football club, if that’s the case. It’s unfair of me to say that because it might not be the case, but it seems to be the message that’s coming across.” Gyan, a £13million-plus from French side Rennes made a shock move to United Emirates side Al-Ain on a season-long loan deal in September.