Feeds

Fujitsu: Sayonara, London Stock Exchange... You're not worth the money

Set to delist by January to 'reduce administrative work and costs'

Top three mobile application threats

Japanese giant Fujitsu is to yank its shares from the London Stock Exchange in a move that will help it cuts costs and which recognises the shifting sands in global financial markets.

The application to delist common stock and European Depository Receipts* from the Official List of the UK Listing Authority**, as well to cancel trading of shares on on EDR and the main mart of LSE.

"Fujitsu has decided to apply for the delisting in order to reduce the administrative work and costs associated worth being a listed company on the LSE," the firm said in a statement.

It added that the low trading volumes taking place on the exchange meant the removal "is not expected to have a material impact on shareholders and investors".

The delisting and cancellation of shares is expected to take place by the end of January. Fujitsu will remain listed on the Tokyo and Nagoya Stock Exchanges.

The listing on LSE began in 1981 when the world was a very different place, said TechMarketView research director Peter Roe.

He pointed out a "sea change in financial markets over the past 30 years... people can now invest in the Japanese market very easily and Fujitsu can access the world's capital markets from Shimbashi [HQ]".

"There is no need from a financing point of view to have a listing on the LSE and it is unlikely to make a difference at all to customers nowadays. The world has moved on," he added. ®

* A receipt issued by a bank in a European country representing stocks traded on a foreign exchange (ie, one that is outside of the country where the bank is situated). ** The record of whether a company's securities are officially listed in the United Kingdom.

3 Big data security analytics techniques

More from The Register

next story
Dropbox defends fantastically badly timed Condoleezza Rice appointment
'Nothing is going to change with Dr. Rice's appointment,' file sharer promises
Audio fans, prepare yourself for the Second Coming ... of Blu-ray
High Fidelity Pure Audio – is this what your ears have been waiting for?
Record labels sue Pandora over vintage song royalties
Companies want payout on recordings made before 1972
Zucker punched: Google gobbles Facebook-wooed Titan Aerospace
Up, up and away in my beautiful balloon flying broadband-bot
Ex–Apple CEO John Sculley: Ousting Steve Jobs 'was a mistake'
Twenty-nine years later, post-Pepsi exec has flat-forehead moment
Apple DOMINATES the Valley, rakes in more profit than Google, HP, Intel, Cisco COMBINED
Cook & Co. also pay more taxes than those four worthies PLUS eBay and Oracle
Number crunching suggests Yahoo! US is worth less than nothing
China and Japan holdings worth more than entire company
prev story

Whitepapers

SANS - Survey on application security programs
In this whitepaper learn about the state of application security programs and practices of 488 surveyed respondents, and discover how mature and effective these programs are.
Combat fraud and increase customer satisfaction
Based on their experience using HP ArcSight Enterprise Security Manager for IT security operations, Finansbank moved to HP ArcSight ESM for fraud management.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Top three mobile application threats
Learn about three of the top mobile application security threats facing businesses today and recommendations on how to mitigate the risk.
3 Big data security analytics techniques
Applying these Big Data security analytics techniques can help you make your business safer by detecting attacks early, before significant damage is done.