Latest news with #CentralEasternEurope
Yahoo
08-07-2025
- Business
- Yahoo
Liquidnet Advances Emerging Markets Strategy With New Hire
Michael Fidance appointed as Head of CEEMEA Equities to drive growth across Central and Eastern Europe, the Middle East and Africa. LONDON, July 08, 2025--(BUSINESS WIRE)--Liquidnet, a leading technology-driven agency execution specialist, today announced the appointment of Michael Fidance as Head of CEEMEA Equity Markets. Based in London and reporting to James Whitehead, Head of Trade Coverage, EMEA, Fidance will be responsible for accelerating the firm's growth across Central and Eastern Europe, the Middle East and Africa. His mandate includes expanding access to new markets and local liquidity, strengthening product and distribution, and deepening engagement with both local and international asset managers. James Whitehead, Head of Trade Coverage, EMEA, said: "Michael brings extensive regional insight and a proven track record in building client-focused businesses. His appointment reflects our ambitions to broaden our footprint across CEEMEA equity markets, where our Members are increasingly looking for trusted execution partners who can deliver scale, liquidity and local access." Fidance brings over 25 years of experience in global equity and fixed income markets. The bulk of Fidance's career to date has been at HSBC, where he held various senior roles in Sales and Trading across Emerging Market Equities. Most recently, he served as Head of Sales for the newly established Execution Solutions business at State Street Global Markets, a firm he joined following its acquisition of CF Global Trading. Before that, Fidance served as Head of Sales for CF Global Trading in Europe, where he played a key role in preparing the firm for acquisition. He also held senior roles at the European Bank for Reconstruction and Development (EBRD) and Merrill Lynch, bringing deep expertise across emerging markets, execution strategy and client advisory. Michael Fidance, Head of CEEMEA Equities Market, commented: "In CEEMEA, tradeable liquidity is the single biggest variable affecting capital markets development, be it in asset allocation, index inclusion, or even in valuation. Liquidnet is a market leader in the equity space worldwide. With this mandate in Emerging Markets being built globally, I truly believe we will help change the trajectory of CEEMEA equities to grow stronger and bigger than ever before." About Liquidnet Liquidnet is a leading technology-driven, agency execution specialist that intelligently connects the world's investors to the world's investments. Since our founding in 1999, our network has grown to include more than 1,000 institutional investors and spans 57 markets across six continents. We built Liquidnet to make global capital markets more efficient and continue to do so by adding additional participants, enabling trusted access to trading and investment opportunities, and delivering the actionable intelligence and insight that our customers need. For more information, visit and follow us on X @Liquidnet. About TP ICAP Group TP ICAP is a world-leading markets infrastructure and data solutions provider. The Group connects buyers and sellers in wholesale financial, energy and commodities markets. We are the world's largest wholesale market intermediary, with a portfolio of businesses that provide broking services, trade execution, data & analytics, and market intelligence. © 2025 Liquidnet Holdings, Inc. and its subsidiaries. Liquidnet, Inc. is a member of FINRA/SIPC/NFA. Liquidnet Europe Limited is authorised and regulated by the Financial Conduct Authority in the UK, is licensed by the Financial Sector Conduct Authority in South Africa and is a member of the London Stock Exchange and a remote member of the SIX Swiss Exchange. TP ICAP (EUROPE) SA is authorised by the Autorité de Contrôle Prudentiel et de Résolution and regulated by the Autorité des Marchés Financiers and is a remote member of the Warsaw Stock Exchange. Liquidnet Canada Inc. is a member of the Canadian Investment Industry Regulatory Organization and a member of the Canadian Investor Protection Fund. Liquidnet Asia Limited is regulated by the Hong Kong Securities and Futures Commission for Type 1 and Type 7 regulated activities and is regulated by the Monetary Authority of Singapore as a Recognized Market Operator. Liquidnet Japan Inc. is regulated by the Financial Services Agency of Japan and is a member of JSDA/JIPF. Liquidnet Australia Pty Ltd. is registered with the Australian Securities and Investment Commission as an Australian Financial Services Licensee, AFSL number 312525. Liquidnet Singapore Private Limited is regulated by the Monetary Authority of Singapore as a Capital Markets Services Licensee, CMSL number CMS 100757-1. Liquidnet Holdings, Inc. and its subsidiaries are part of TP ICAP Group plc. View source version on Contacts Sophonie Robichon, Liquidnet Global Marketing + Communications+44 20 3933 0153srobichon@
Yahoo
07-07-2025
- Business
- Yahoo
BioCryst Pharmaceuticals Sells European ORLADEYO Business for Up to $264M
BioCryst Pharmaceutical Inc. (NASDAQ:BCRX) is one of the best high short interest stocks with huge upside potential. On June 27, BioCryst Pharmaceuticals announced a definitive agreement to sell its European ORLADEYO (berotralstat) business to Neopharmed Gentili for a total consideration of up to $264 million. The amount includes an upfront payment of $250 million for the European assets and rights related to ORLADEYO, along with up to an additional $14 million in future milestones contingent on sales in Central and Eastern Europe. The closing of this transaction is anticipated by early October this year. BioCryst plans to utilize the proceeds from this sale to retire all remaining term debt, amounting to $249 million from Pharmakon. A scientist in a lab coat observing a line of medicine pills in a container. This is expected to eliminate ~$70 million in future interest payments over the remaining life of the loan. Consequently, BioCryst projects to end 2027 with ~$700 million in cash and no term debt, representing an increase of $400 million compared to its previous net cash guidance for 2027. The acquisition by Neopharmed Gentili also involves taking over BioCryst's European organization, which is expected to result in at least $50 million in annual operating expense savings for BioCryst. BioCryst Pharmaceutical Inc. (NASDAQ:BCRX) is a biotechnology company that develops oral small-molecule and injectable protein therapeutics to treat rare diseases. Neopharmed Gentili is a pharmaceutical company founded in Italy. While we acknowledge the potential of BCRX as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the . READ NEXT: and . Disclosure: None. This article is originally published at Insider Monkey.
The Independent
27-06-2025
- Business
- The Independent
E-tailers eye Europe to boost sales
Chinese cross-border online retailers are strengthening efforts to expand into Europe to attract new customers and bolster sales. Eyeing the growing demand for online shopping in European countries, particularly among younger shoppers, Chinese e-commerce players are providing cost-effective products to local consumers by leveraging efficient logistics and supply chain networks, according to industry experts. AliExpress, Chinese tech company Alibaba Group's cross-border e-commerce platform, recently opened its services to local merchants in Poland. Over the past year, AliExpress has appealed to a batch of well-known Polish companies, and this strategic move will further bolster the platform's business growth in the local market. AliExpress said some local merchants can enjoy benefits like zero deposit and commission-free services for the first three months, and directly sell their products to consumers from Poland and countries around the world. Data from market research company Euromonitor International showed that AliExpress and Polish online shopping platform Allegro are the two most popular e-commerce platforms in Poland, the largest e-commerce market in Central and Eastern Europe. To better support the operations of local merchants, AliExpress has partnered with more than 10 leading overseas warehouse service providers to roll out 'certified warehouses' covering the United States, Spain, France, Germany, the United Kingdom, and Poland. The certified warehouses will provide faster deliveries and smoother shopping experiences for overseas buyers. According to global research firm Statista, the revenue of Europe's e-commerce market is expected to reach $707.9 billion (£526.88 billion) in 2025, with a compound annual growth rate of 7.95 per cent, and the figure is projected to touch $961.27 billion (£715.47 billion) by 2029. Hong Yong, an associate research fellow at the Chinese Academy of International Trade and Economic Cooperation, said European nations have high consumption capacities and efficient and convenient logistics infrastructure, while local shoppers have developed mature online shopping habits, providing an ideal market environment for the development of cross-border e-commerce. 'As European consumers have shown surging demand for online purchasing in the post-pandemic era, Chinese e-commerce platforms could further expand their footprint there by offering commodities with high cost-effectiveness and localised operation and services,' Hong said. Temu, a cross-border e-commerce app owned by Chinese online discounter PDD Holdings, is expanding its presence in European countries in an attempt to diversify its customer base. According to Consumer Edge, a data insights and market intelligence company, Temu's growth in the European Union surged more than 60 per cent year-on-year in early May, with France leading the charge at nearly 100 per cent growth. TikTok Shop, the e-commerce marketplace of popular short-video app TikTok, which is owned by Chinese tech company ByteDance, has made inroads into Europe with its rollout in Germany, France and Italy.
