Feeds

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

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

Beginner's guide to SSL certificates

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.

Choosing a cloud hosting partner with confidence

More from The Register

next story
MI6 oversight report on Lee Rigby murder: US web giants offer 'safe haven for TERRORISM'
PM urged to 'prioritise issue' after Facebook hindsight find
Assange™ slumps back on Ecuador's sofa after detention appeal binned
Swedish court rules there's 'great risk' WikiLeaker will dodge prosecution
NSA mass spying reform KILLED by US Senators
Democrats needed just TWO more votes to keep alive bill reining in some surveillance
'Internet Freedom Panel' to keep web overlord ICANN out of Russian hands – new proposal
Come back with our internet! cries Republican drawing up bill
What a Mesa: Apple vows to re-use titsup GT sapphire glass plant
Commits to American manufacturing ... of secret tech
prev story

Whitepapers

Why and how to choose the right cloud vendor
The benefits of cloud-based storage in your processes. Eliminate onsite, disk-based backup and archiving in favor of cloud-based data protection.
Getting started with customer-focused identity management
Learn why identity is a fundamental requirement to digital growth, and how without it there is no way to identify and engage customers in a meaningful way.
Designing and building an open ITOA architecture
Learn about a new IT data taxonomy defined by the four data sources of IT visibility: wire, machine, agent, and synthetic data sets.
How to determine if cloud backup is right for your servers
Two key factors, technical feasibility and TCO economics, that backup and IT operations managers should consider when assessing cloud backup.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.