Lakehouse hits £140m on stock market flotation March 18, 2015 BUILDING maintenance and service group Lakehouse priced its shares yesterday as the firm pulled off a successful stock market flotation. The shares priced at 89p each, giving the firm an estimated market capitalisation of £140.2m. Stock in the float amount was £60m, with roughly half of that sum coming from newly issued shares. “We are [...]
General Election 2015: These are the biggest pre-election business donations to Conservatives and Labour February 20, 2015 The Conservative and Labour party are neck-and-neck when it comes to the value of donations made by businesses ahead of May's General Election. While the Conservatives are out funded by Labour in overall donations, according to the latest data from the Electoral Commission, the main political parties are on an almost level pegging when it [...]
The workplace designs that combat ageism: Floating desks and a paperless environment won’t suit the whole team May 14, 2015 There has been much hype recently about what makes an office “cool”. Respondents to a survey from a design company ranked a slide, personal barista and a puppy/kitten room as the top three “cool” requirements. These may appear on the wish lists of so-called millennials, but are they likely to represent the views of employees [...]
Holcim and Lafarge share prices rise as shareholders give warm welcome to new boss Eric Olsen April 9, 2015 Shares in Holcim and Lafarge climbed yesterday after they confirmed the appointment of Eric Olsen to lead the combined company after their proposed merger of equals completes. Olsen, who is currently executive vice-president, operations, at French cement maker Lafarge, was put forward for the top job after Holcim objected to the appointment of Lafarge chief [...]
Over 1,500 jobs at risk after fashion chain Bank collapses January 5, 2015 FASHION retailer Bank went into administration yesterday with 1,550 jobs now at risk. The firm has 84 outlets across England and Wales. In November the struggling company was sold by JD Sports Fashion to restructuring company Hilco Capital. Financial services firm Deloitte has been appointed as administrator. “Bank has struggled in a highly competitive segment [...]
Shawyer quits role on M&S Bank’s board March 17, 2015 M&S BANK non-executive director Peter Shawyer resigned from the board this month, it was announced yesterday, after 19 months at the bank. “Peter Shawyer has made the decision to retire from his role as a non-executive director at M&S Bank due to the ill health of his wife,” said a spokesperson for the bank. Shawyer [...]
Fashion chain Bank enters administration leaving more than 1550 jobs at risk January 5, 2015 Fast fashion chain Bank has been placed into administration, less than two months after being sold by JD Sports Fashion. Deloitte is handling the administration, which puts more than 1,550 jobs at risk less than two months after it was bought out by restructuring specialist Hilco Capital. Deloitte's partners Bill Dawson, Daniel [...]
City Moves for 10 April 2015 | Who’s switching jobs April 9, 2015 Payne Hicks Beach Kathryn Bradbury has been appointed partner in the law firm’s private client department. She specialises in immigration, and joins from Gherson. Bradbury has particular expertise in EU free movement cases, and has also worked at the Legal Aid Agency. Peel Hunt The corporate broking, advisory and trading house has announced two senior [...]
Company floats in 2014 score higher than FTSE 100 average January 14, 2015 IF YOU invested in any the 30 companies that completed public floats last year, chances are you’ll be happy you did. Research out from Deloitte shows the 2014 additions to the share market generated an average return of 12.4 per cent, outperforming the FTSE 100 by 14.4 percentage points. An investment of £1,000 in each [...]
UK finance chiefs rate general election as their biggest risk January 4, 2015 Growing political and economic uncertainty is becoming a problem for the UK’s largest companies, survey data released today shows. When asked to rate the level of risk posed between 0 and 100, chief financial officers (CFOs) attached a 63 rating to May’s General Election and 56 to economic weakness in Europe and the possibility of [...]