Karen joined Breakingviews in 2018. She previously worked as an European gas and power reporter at S&P Global Platts in London, and covered funds and stocks at Morningstar UK. Karen also briefly worked at the Press Association, China Daily Europe and Bloomberg. She graduated from the University of Sheffield in 2015 with a degree in Journalism Studies, and did an Erasmus exchange programme in Barcelona, Spain. Born and raised in Hong Kong, she is fluent in both Mandarin and Cantonese.
Huatai Securities is set to become the first Shanghai-listed company to offer depositary receipts in London, raising up to $1.7 bln. Its pioneer status should be good marketing for the broker. Plans by UK-listed companies to make the reverse trip, however, remain a distant dream.
The meatless-burger maker reported first-quarter numbers only a hair better than it already estimated yet the stock, which had already quadrupled since its IPO a month ago, surged more than 15%. A $7 bln valuation is too hot – but then it’s the only item of its kind on the menu.
Under pressure from an activist, Britain’s FirstGroup is selling the iconic U.S. coach group and spinning off its UK bus unit. Simplifying the $1.8 bln group should unlock value. But uncertainty over timing and liabilities means investors are miles away from their destination.