Workspace gets boost from UK’s property boom June 4, 2014 SMALL business landlord Workspace smashed forecasts yesterday after reporting a 43 per cent jump in net asset value thanks to rising rents and a jump in the value of its properties. The real estate investment trust (Reit), which provides trendy office space for small to medium-sized creative businesses such as Moonpig, said its net asset [...]
Workspace site gets go-ahead April 2, 2014 SMALL business landlord Workspace has won planning consent for the second phase of its redevelopment of the Filaments site in Wandsworth. The 20-storey scheme will create 77 flats and 18,000 square feet of new office space for the group, which leases space to companies like Moonpig and White Stuff. The first phase is already underway [...]
Moonpig owner is set for £500m listing in London March 10, 2014 PHOTOBOX is preparing for a London Stock Market listing that could value the photo printing group at up to £500m, after the £1.6bn flotation of online retailer AO World and upcoming flotation of Pets at Home whetted investors’ appetites for London retail stocks. The firm, which sells personalised t-shirts, mugs and cards as well as [...]
Publicis Groupe to boost UK services with London ad firm September 19, 2013 PUBLICIS Groupe, the French advertising giant, bought London-based digital creative agency Poke yesterday for an undisclosed sum. Publicis worldwide executive chairman, Jean-Yves Naouri, said the acquisition would help boost the group’s UK services. “This acquisition will further strengthen our Publicis UK offering by adding a new level of digital expertise, creativity and innovation to the [...]
Printing site PhotoBox snaps up London-based Instagram firm June 28, 2013 THE COMPANY behind the PhotoBox online printers and the Moonpig greeting cards website has acquired StickyGram, a service that allows Instagram’s 130m users to turn their creations into fridge magnets. London-based PhotoBox Group, which was created in 2011 when PhotoBox and Moonpig merged, will announce the deal today. It has not disclosed how much it [...]
Moonpig signs off year with jump in profits November 25, 2012 MOONPIG.COM, the online greetings card company, reported a 20 per cent rise in sales last year driven by growth at both its core and personalised card divisions. The internet retailer, founded 12 years ago by ex-commodities trader Nick Jenkins, said sales rose £7m to £45.8m in the year to 30 April. Profits jumped 10 per [...]
Workspace plans Tower Bridge building as pre-tax profits soar November 13, 2012 WORKSPACE yesterday posted better-than-expected half year results, driven by strong tenant demand for its trendy London office space and its focus on asset management. The company, which provides offices to some 4,000 businesses such as Moonpig, as well as the Metropolitan Police, became a stock market darling after posting stellar annual results in May and [...]
What the other papers say this morning November 12, 2012 FINANCIAL TIMES Nissan hits back at tax critics Nissan yesterday became the latest company to face scrutiny over its tax affairs after it was revealed that Britain’s biggest carmaker avoided millions in corporation tax every year by selling vehicles through a Swiss company that manages its European operation. The company hit back at the criticism, [...]
Moonpig walks off with M&A prize after its sale to Photobox June 7, 2012 The Capitalist can sense a congratulations card coming on. Moonpig scored a triumph at the recent Vitesse Media M&A awards as its sale qualified it for the Large Company Deal of the Year. The online greetings card business won the award after its £120m sale to Photobox. While the judging panel commended company founder Nick [...]
Clinton’s looming date with death was on the cards May 9, 2012 I’M SURPRISED about Clinton Cards. Not that it has gone into administration, you understand – I’m surprised it lasted so long. It’s a struggling retailer with a gigantic high street footprint (861 stores in the UK, including 188 Birthdays outlets) selling a disposable product with no intrinsic value that you could replace with a free [...]