Shares jump as The Gym Group reaches 2015 finishing line in good shape January 12, 2016 The Gym Group has worked up a good sweat since its market debut in November after an upbeat trading update released today by the budget fitness chain sent shares soaring nearly four per cent. The company, which operates 74 low cost gyms, said profits for 2015 are on track to meet market expectations after winning [...]
New homes: Property going on sale this weekend in Hackney, Croydon, Hampstead, Stratford and Elmswater January 18, 2018 New developments on the market this week Hampstead Reach, Hampstead From £999,000 Admirers of Hampstead’s Arts and Crafts-style mansion blocks may be interested in these 39 new one and two bedroom apartments in a private courtyard. Set across three and four storey buildings, there are two show homes appealing to young families and downsizers that [...]
The Gym Group fixes valuation at £250m with today’s IPO November 9, 2015 Pay-as-you-go fitness chain The Gym Group has set its IPO at 195p per share, giving the company a market cap of around £250m. This is lower than the original valuation, which had been expected to come in around £300m. The business will be issuing just over 64m shares to the main market, 50 per cent [...]
Focus On Aldgate: The shiny new towers of E1 are luring City bankers from their traditional west London hangouts January 19, 2018 Whitechapel or Aldgate? Whatever you call this area on the cusp of the City, it’s always been a dividing line between the bankers and proper East Enders. But that line is getting thinner and thinner every day. Skyscrapers now pierce the eastern sky from every angle, and the amount of development undergone in recent years [...]
Biggest IPOs of 2015, including Aldermore, The Gym Group, Shawbrook, Worldpay and Auto Trader, have beaten the FTSE 100’s performance December 2, 2015 The volatile markets this year have not been ideal for company flotations. But despite this, the 28 biggest IPOs in the UK this year have beaten the FTSE 100 by 21.2 percentage points, generating an average return of 17.2 per cent according to Deloitte An investment of £1,000 in each of the 28 IPOs would now be worth £32,811, whereas a £1,000 investment [...]
Float or sink? These eight companies show how London’s IPO market is giving off mixed signals October 13, 2016 Is London’s flotation market faltering, or is there cause for optimism after an EU referendum hiatus on activity? There have been mixed signals coming from the City this week. Here are some of the big stories from the initial public offering (IPO) market currently: TI Fluid Systems: OFF The Bain Capital-owned auto supplier this morning confirmed it [...]
Virgin Active offloads 16 fitness clubs to David Lloyd Leisure February 7, 2017 Virgin Active, the eponymous gym chain, has offloaded 16 of its clubs in the UK to David Lloyd Leisure for an undisclosed sum. The fitness firm will continue to operate 45 clubs in the UK, 33 of which are in London. Last year, Virgin Active sold a further 35 UK gyms to Nuffield Health, a [...]
Google’s new £1bn King’s Cross HQ: 11-storey building will boast a swimming pool, gym, games area and a rooftop cafe June 1, 2017 Google has submitted planning permission for its £1bn King’s Cross HQ that will boast jazzy features including swimming pools and sleep pods. Designed by Heatherwick Studio and Bjarke Ingels Group, construction on the 11-storey building will commence in 2018. Spread across more than 1m square feet of space, the campus will house 7,000 employees. This [...]
Gym Group IPO: Fitness chain warms up ahead of a £300m London market listing August 2, 2015 The owners of low-cost fitness chain Gym Group are eyeing a £300m float on the London stock market just over a year after abandoning plans to merge with rival Pure Gym. Phoenix Equity Partners, which bought controlling stake in the business in 2013, is understood to have held talks with bankers regarding a potential market [...]
Controversial former Comet owner plans bid for Fitness First, along with second private equity raising May 25, 2016 Opcapita, the buyout vehicle behind the failed turnaround of electrical retailer Comet, is in early stage talks to buy the UK operations of global gym chain Fitness First. Opcapita, headed by former banker Henry Jackson, plans to grow the gym's number of locations around the UK if the bid is successful, City A.M. understands. The acquisition vehicle is also [...]