Best of the Brokers for 04 November 2014 November 3, 2014 To appear in Best of the Brokers, email your research to notes@cityam.com B&M EUROPEAN VALUE RETAIL Numis has upgraded its rating from “hold” to “add” as the company’s shares have fallen to what the broker calls an “attractive entry point”. Although profit forecasts have fallen for the general retail sector since the IPO in June, the broker [...]
Kentucky is more than just fried chicken: Hit the bourbon trail for a spirited, unbridled discovery August 14, 2015 All bourbons are whiskies, but not all whiskies are bourbons. This is the first commandment drilled into visitors at the distilleries that pepper the state of Kentucky, USA. Now, I’m a walking Wikipedia entry, espousing facts about bourbon to anyone who will listen; for instance, did you know that bourbon has to be made [...]
London food delivery startup Deliveroo takes away $70m series C funding from Greenoaks Capital, Index Ventures, Accel and Hoxton Ventures July 28, 2015 A London startup which delivers food from some of Britain's favourite high-street restaurants such as Wagamama and Gourmet Burger Kitchen straight to your door, has landed $70m (£45m) of new investment to expand internationally, including backing from the firm behind Just Eat. Deliveroo's series C round was led by Greenoaks Capital and existing investor Index [...]
Spie eyes float haul of €1.2bn September 29, 2014 FRENCH energy firm Spie yesterday said it aimed to raise as much as €1.2bn in its forthcoming stock market debut to value it at €2.75bn. Spie’s co-owner Clayton, Dubilier & Rice, which floated B&M Retail in London earlier this year, is hoping to sell €694m of existing stock alongside co-owner Ardian. A further €525m will [...]
U21 European Championship: Southgate: Win has proven our doubters wrong June 21, 2015 SWEDEN 0 ENGLAND 1 RELIEVED England boss Gareth Southgate revelled in his side silencing their doubters after the young lions revived their chances of qualifying for the knockout stages with victory over Sweden yesterday. While a draw would not have been mathematically terminal, England were flirting with elimination before substitute Jesse Lingard volleyed home with [...]
The new Meningitis B vaccine for babies on the NHS: How much of a difference will it actually make in the UK? March 30, 2015 Later this year, the NHS will start rolling out its new Meningitis B vaccination programme for all babies in the UK. As part of the national childhood immunisation scheme, they will receive three doses of the GSK-owned medication, first at two months, then at four months and finally at 12 months. It makes Britain [...]
Etsy IPO: Online marketplace doubles in value on stock market debut April 16, 2015 Quirky online marketplace Etsy soared on its stock market debut yesterday, with shares popping from their listing price of $16 to a high of $34 a share, underscoring the ongoing love affair by investors for US tech stocks. The company, which allows vendors to sell handmade items, antiques and artisan craft products, priced shares at [...]
TfL Tube strike 2015: Fitness First offers commuters free showers and gym classes July 8, 2015 Fitness First has come to the rescue of exasperated commuters ahead of the tube strike by offering free showers and training sessions across all of its London gyms tomorrow. Commuters who want to take advantage of the offer should bring their oyster card to one of Fitness First's 45 gyms listed below. "Fitness First is encouraging commuters across [...]
Optimal Payments gets go ahead for €1bn Skrill takeover June 1, 2015 Optimal Payments came a step closer to its reverse takeover of Skrill yesterday after the firm said it had met several of the conditions necessary for the deal. The announcement is the latest sign of progress since Optimal stated its intention to conduct the reverse takeover, worth €1.1bn (£791m), in March. The deal will see [...]
Kingfisher share price rises on plans to close 60 B&Q stores in UK and Ireland March 31, 2015 Kingfisher's profits fell last year despite an increase in sales, but plans to close 60 B&Q stores have sent shares up. The figures The DIY retailer, which owns B&Q among others, experienced a 2.9 per cent increase in sales last year, but its pre-tax profits fell 7.5 per cent to £675m. The figures, for the [...]