Crest Nicholson plots return to London market January 21, 2013 UK HOUSEBUILDER Crest Nicholson is to return to the stock market nearly six years after it was taken private at the height of the housing market crash. The 50 year-old company, which builds homes mainly in the south of England, said it plans to raise £50m from the listing of new shares to pay down [...]
Consumer firms to spark next flotation frenzy October 6, 2013 BRITISH department store House of Fraser is on the cusp of appointing advisers to explore plans for a float of the chain, amid a resurgence in consumer–focused brands looking to list in London. The chain is thought to have held a beauty parade of investment banks, laying plans for a £300m float after the Christmas [...]
Foxton float set to value estate agent at £650m September 10, 2013 THE PLANNED stock market flotation of real estate agent Foxtons is over-subscribed, a source close to the process said yesterday, indicating interest in the offering may be outweighing any concerns that the London property market is looking overheated. The flotation of the London-focused group, due to happen later this month, has a price range of [...]
Crest Nicholson set to provide a boost to London’s IPO market February 11, 2013 ADVISERS to the flotation of housebuilder Crest Nicholson, the most high profile new issue in the London market so far this year, last night narrowed the price range to a healthy 210p-220p, roughly at the midpoint of the pricing range. The original range was between 195p-230p. The group, which plans to raise between 24m-29m of [...]
Demand pushes builder salaries to over £40,000 September 17, 2013 DEMAND for new homes is so high that construction workers can attract salaries of more than £40,000, the boss of housebuilder Galliford Try said yesterday. Chief executive Greg Fitzgerald told reporters that it was also becoming tougher for the company to source building materials. “We have made excellent progress as a group in the financial [...]
Confidence lifts value of market for UK flotations September 22, 2013 THE value of UK initial public offerings (IPOs) has soared to $7.16bn (£4.47bn) this year – more than eight times the amount raised by this time last year, according to Dealogic data. A list of 39 flotations this year includes monster deals such as the insurance company esure, with a deal value of more than [...]
Inside Track: London is ready and waiting for the Royal Mail flotation September 24, 2013 THE FORTHCOMING privatisation of Royal Mail is the biggest post-financial crisis test so far of the market for new issues in London, which was virtually closed for business just a couple of years ago. In the years following the financial crisis, London became a notoriously difficult place on which to list shares in a new [...]
Crest Nicholson mulls return to stock market September 20, 2012 CREST Nicholson, one of the UK’s biggest housebuilders, is mulling a return to the stock market five years after it was taken over during the housing crisis as it looks to take advantage of returning optimism in the housebuilding sector. A source familiar with the company told City A.M that a flotation was one of [...]
Crest Nicholson mulls return to stock market September 20, 2012 CREST Nicholson, one of the UK’s biggest housebuilders, is mulling a return to the stock market five years after it was taken over during the housing crisis as it looks to take advantage of returning optimism in the housebuilding sector. A source familiar with the company told City A.M that a flotation was one of [...]
No Stone unturned by housebuilding boss February 13, 2013 STEPHEN Stone was a happy man yesterday. But he was, after a gruelling round of presentations, also a man with a gravelly sounding voice. The chief executive of Crest Nicholson since 2005, Stone is the first person to lead a company to a main stock market listing in London this year and that’s required a [...]