Inside Track: Bankers ponder early holidays as latest IPO is left on the shelf July 2, 2014 THERE was always an inevitability to what is currently happening in London’s new issues market. A spate of issues flooded the market at the beginning of the year, some a touch overvalued. A number of the issues traded down, leaving investors nursing losses and accusing the sellers of assets as being too greedy. Now, not [...]
EasyHotel IPO raises just half of £60m target June 25, 2014 EASYJET founder Sir Stelios Haji-Ioannou announced plans to float the budget hotel chain easyHotel on Aim next week but has raised just half of the £60m it had hoped to gain. The company, owned by the Greek billionaire’s easyGroup holdings, has priced its initial public offering (IPO) at 80p, valuing the business at £50m and [...]
EasyHotel boss is putting money where his mouth is June 25, 2014 Simon Champion, the chief executive of EasyHotel group, hasn’t had an easy time raising money for his growing group. “There’s no doubt investors are busy and stressed about the amount of IPOs in the market at the moment,” he told me yesterday. So he’s pleased with the £30m he’s raised for capital investment in new [...]
EasyHotel IPO raises just half of target £60m June 25, 2014 EasyHotel has raised just half of the £60m it had hoped to gain for its 30 June IPO on the AIM market. The company has now priced its shares at 80p for the company's flotation on 30 June, implying a market capitalisation of £50m. The £30m the IPO is set to raise will be used to roll out [...]
The week in brief May 11, 2014 Publicis Group and Omnicom merger falls apart Publicis and Omicom, two of the world’s biggest advertising firms, have called off ther proposed merger. The $35bn (£22.8bn) deal would have formed the world’s largest ad agency. It was claimed last July that the merger would enable the two giants to compete more effectively in the digital [...]
Stelios takes up Fastjet cash call April 10, 2014 African budget airline Fastjet yesterday raised £11m through a private placement of shares, including a £1m investment from a unit of EasyGroup, the firm led by EasyJet founder Sir Stelios Haji-Ioannou. EasyGroup has also agreed to waive £4.3m in consultancy fees in exchange for £1.5m-worth of new shares. The Aim-listed airline, which expects to post [...]
EasyGroup to take car-sharing idea on the road across the UK February 2, 2014 EASYGROUP is rolling out its car-sharing project across the country, following a trial in London. EasyCar, which has offered traditional rental cars since 2000, started work three years ago on a peer-to-peer car-sharing project in the city. EasyCar Club now has hundreds of car owners and thousands of members borrowing their vehicles in the city, [...]
Stelios is set to take on budget supermarkets August 4, 2013 ON THE ground floor of a tower block in Croydon, Sir Stelios Haji-Ioannou plans to open the first of many low-cost supermarkets under his Easy brand. Stelios said yesterday the pilot store, at the bottom of the former Metlife building recently purchased by EasyGroup, will serve as “a low risk experiment in a new market [...]
EasyJet bats away latest Stelios issues with investors’ blessing February 10, 2013 EASYJET shareholder Sir Stelios Haji-Ioannou has published a fresh list of complaints about the budget airline, but investor bodies the Association of British Insurers (ABI) and ISS have given the firm’s proposals the thumbs up. Sir Stelios yesterday repeated his call for EasyJet chairman Sir Mike Rake to resign before his planned departure date in [...]
Fastjet soars on Emirates tie-up talks December 5, 2012 LOW-COST African carrier Fastjet is in partnership talks with Emirates, the firm said yesterday. “Talks are at an early stage but this represents a great opportunity for both parties,” said Fastjet chief executive Ed Winter. Fastjet has wasted no time since launching its first commercial flight in Tanzania last month, starting discussions to buy South [...]