TSB plans to offer bonus shares to long-term investors May 27, 2014 NEW HIGH street bank TSB is expected to try to attract more long-term investors by offering a bonus for those shareholders who stick with the business. The lender is being sold off by Lloyds, and the details of the stock market flotation could be announced as soon as today. It wants the initial public offering [...]
TSB plans to offer bonus shares to long-term investors May 27, 2014 NEW HIGH street bank TSB is expected to try to attract more long-term investors by offering a bonus for those shareholders who stick with the business. The lender is being sold off by Lloyds, and the details of the stock market flotation could be announced as soon as today. It wants the initial public offering [...]
What you need to know before the open May 23, 2014 A mixed open for European markets this morning, with sentiment constrained amid EU and Ukrainian elections. Ukrainian authorities have said over a dozen servicemen were killed yesterday while clashing with pro-Russian separatists. First quarter growth in Germany’s come in as expected, at 0.8 per cent. Year-on-year, that puts the GDP figure at 2.5 per cent [...]
What you need to know before the open May 23, 2014 A mixed open for European markets this morning, with sentiment constrained amid EU and Ukrainian elections. Ukrainian authorities have said over a dozen servicemen were killed yesterday while clashing with pro-Russian separatists. First quarter growth in Germany’s come in as expected, at 0.8 per cent. Year-on-year, that puts the GDP figure at 2.5 per cent [...]
Dash to market as firms follow Saga to list in London May 22, 2014 LONDON’S stock market stampede hit full speed yesterday as a clutch of Britain’s best known companies announced their intention to float, despite concerns over saturation in the new issues market. Property website Zoopla and high street store B&M Retail both unveiled blockbuster floats, while over-50s insurance and holiday provider Saga priced its initial public offering [...]
Fat Face pulls flotation after market sours May 21, 2014 THE £300M plus flotation of the clothing retailer Fat Face, a company chaired by the former M&S chief executive Stuart Rose, was pulled last night because of a lack of investor support. News of the flotation’s difficulties came as Saga, the insurance to travel group for over 50s, announced that it was narrowing its price [...]
Fat Face pulls flotation after market sours May 21, 2014 THE £300M plus flotation of the clothing retailer Fat Face, a company chaired by the former M&S chief executive Stuart Rose, was pulled last night because of a lack of investor support. News of the flotation’s difficulties came as Saga, the insurance to travel group for over 50s, announced that it was narrowing its price [...]
Saga narrows stock market float price to lower end of the range May 21, 2014 OVER-50s holiday and insurance provider Saga yesterday narrowed the price it will sell shares in its forthcoming float at the lower end of the range following an offer to retail investors. Saga said it had narrowed the price range to 185p to 205p after closing the books on the offering to Saga customers. The original [...]
There are no real winners from this botched Big Pharma saga May 19, 2014 SO IT’S all over for Pfizer’s bid for Astrazeneca – or at least that is what it now seems like. Some small possibility of a deal remains: angry shareholders could yet conceivably force the Astra board to reach out to Pfizer or the US firm could bid again at a later stage (increasing either its [...]
Saga customers get float off to a healthy start May 19, 2014 SAGA customers have subscribed for enough shares in the insurance to holidays group to cover the £500m of new money it hopes to raise in its upcoming flotation. Books for the retail element of the deal do not close until tonight but already bankers have been reporting healthy interest. Institutional investors will be able to [...]