In the Americas, directional demand persists for cannabis producer, HEXO Corp.(HEXO). In Asia Pacific, Australian vitamin maker Blackmores Ltd announced a slump in third-quarter profits last week as it saw its sales in China decline once again. In Europe, lending demand for Mediaset strengthens as the TV company announced an appetite for M&A.

Continue reading “From the Securities Lending Trading Desk – Week of April 22nd”

In the Americas, hydrogen fuel cell manufacturer, Ballard Power Systems, announces agreement with Norled A/S. In Asia-Pacific, the passing of the Chairman of Korea’s largest airline has threatened to disrupt his family’s control over the group company. In Europe, convertible bond activity has been a focus for securities lending demand this week.

Continue reading “From the Securities Lending Trading Desk – Week of April 15th”

In the Americas, we saw an increase in directional demand for Eastman Kodak Company (KODK). In Asia Pacific, Chinese auto makers rallied strongly last week on news that a leading firm may receive subsidies on green cars. In Europe, Superdry shares dropped as much as 25% this week as its founder won a controversial vote to return to the company.

Continue reading “From the Securities Lending Trading Desk – Week of April 8th”

In the Americas, Lyft stock will be organized in a dual class structure with Class A & Class B shares. In Asia Pacific, ZTE Corp forecasted better than expected earnings for the first quarter of 2019. In Europe, short positions grow for struggling UK construction contractor Kier Group (KIE LN).

Continue reading “From the Securities Lending Trading Desk – Week of April 1st”

In the Americas, A short squeeze has fee levels spiking for allocations of Sorrento Therapeutics, Inc. (SRNE). In Asia Pacific, Kingdee International Software sank in Hong Kong trading after a critical report was released calling the company a bubble stock. Several European stocks announced details of capital raising.

Continue reading “From the Securities Lending Trading Desk – Week of March 25th”

In the Americas, we have seen increased demand for Turtle Beach Corp. (HEAR), a video-game headset maker, ahead of their fourth-quarter 2018 financial results. In Asia Pacific, China’s largest electric-vehicle maker is continuing to feel the effects of the central government’s decision earlier in the year to reduce subsidies to the industry. In Europe, Elliot Management Corp and Vivendi set to go to war again over Telecom Italia Spa (TIT IM) board.

Continue reading “From the Securities Lending Trading Desk – Week of March 18th”

In the Americas, Eli Lilly and Company (LLY) completes a spin-off of its remaining interest in Elanco Animal Health (ELAN). In Asia Pacific, a new announcement caused shares in Kawasaki Kisen Ltd to slide as much as 10%. In Europe, UK retail is a focus for borrowers again this week as Debenhams returns to the headlines.

Continue reading “From the Securities Lending Trading Desk – Week of March 11th”

In the Americas, demand for Mattel, Inc.(MAT) remains stable as the toy maker looks to recover from a difficult 2018. In Asia Pacific, Standard Chartered Plc also announced that it will restructure operations into hubs focused in Hong Kong, Singapore and London. In Europe, Aston Martin is back in the spotlight after falling the most since its controversial initial public offering last year.

Continue reading “From the Securities Lending Trading Desk – Week of March 4th”

Last year, was a turbulent year for global markets and from a securities lending perspective, it offered numerous opportunities to generate returns in what became a banner year for many lending programs. This year, we expect many of the core themes of last year will continue leading to another broadly positive year for securities lending returns.

Continue reading “On a positive note: Securities Lending 2019”