The total offer value of European initial public offerings fell 98% from €4.14bn ($4.4bn) in the first three months of 2002, with just €74m raised in the first quarter of 2003, according to a new report.

The number of deals also plummeted, by 61%, to just 14 IPOs in the first quarter, according to the IPO Europe study by PricewaterhouseCoopers (PwC), the financial services firm.

European IPO value falls 98% in first quarter

Yasmine Chinwala

BNP Paribas

London Stock Exchange

SJP, Rathbones sour on US as Trump’s tariff deadline looms

Wealth managers retreat from US stocks amid Trump tariff uncertainty

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Senior GIC private equity lawyer joins Dechert in London

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US law firm hires private equity specialist from key client

Barclays poaches Citi managing director for wealth private credit push

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Dale Walsh will accelerate growth of the private bank and wealth management’s lending business

Northern Trust taps UN pension fund for head of international role

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Pedro Guazo, who joins in August, will also oversee the $1.3tn asset manager’s responsible investment platform globally

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Keir Starmer initially refused to confirm if Rachel Reeves would remain in post, causing sterling and gilts to sell off sharply.

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The narrow vote delivered the president a major second-term legislative victory.

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The deal with Vietnam seeks to stop Chinese-made goods from transiting through the Southeast Asian country to avoid higher duties.

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Hot weather and lax dress codes have us baring more at work.

By Callum Borchers | Photographs by Lucia Buricelli for WSJ 

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Ford chief predicts AI will replace “literally half of all white-collar workers.”

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The precision-measurement company has withdrawn its recommendation for its previously agreed takeover offer from Advent International.

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The dollar lost momentum ahead of an expected decline in U.S. job creation, as investors expect the Fed to start cutting interest rates in coming months.

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The tech giant has been ramping up efforts to boost business growth in a bid to defend its place in China’s tech and commerce industries, as well as grow abroad.

Alibaba Readies $7 Billion Boost for Commerce Unit, Plans New Data Centers

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