AO World shares steady after update showing 40pc growth April 10, 2014 SHARES IN newly-listed fridge seller AO World steadied yesterday after the firm’s maiden trading update confirmed it was on track to deliver 40 per cent revenue growth. AO, which floated in February, has been routed this week along with other tech stocks in London and the US on fears that a bubble was forming within [...]
Betters tip Saga stock for strong rise after float May 12, 2014 INSURANCE and consumer services group Saga could be worth up to £2.92bn, well above the expected flotation valuation of £2bn to £2.5bn, according to trades on IG’s grey market in recent days. If the traders are correct, Saga will join other recent initial public offerings (IPO) including Royal Mail, Twitter and Boohoo where the share’s [...]
After share price crash Asos warns on profits and investors slam Morrisons June 5, 2014 SOME of Britain’s biggest retailers were left reeling yesterday after a profits warning from Asos spooked investors and supermarket bosses came under a fierce verbal attack from angry shareholders. Asos shares crashed 31 per cent, wiping £1.2bn off its market value, after the online fashion retailer warned that a strong pound and a rise in [...]
Just Eat taps into huge demand from investors for £1.4bn float April 2, 2014 LONDON’s appetite for highly-valued technology stocks will be fully tested today as conditional trading begins in the shares of Just Eat, the online takeaway food group. Bankers to the share issue, the first on the London Stock Exchange’s high growth segment, closed the books last night and intimated the valuation for the group would be [...]
What the other papers say this morning – 5 March 2014 March 4, 2014 FINANCIAL TIMES Faith, hope and hedge funds for CoE The Church of England is ramping up the exposure of its £6bn endowment to alternative investments such as hedge funds and private equity in a move that will cement its position as one of the UK’s largest single investors in these types of assets. The Church [...]
Bottom Line: Online retailers still falling out of fashion April 8, 2014 ON MONDAY, investors panicked. Having had the weekend to mull over the losses that sent the Nasdaq 2.5 per cent lower last Friday, sellers piled out of anything that could be broadly considered a tech stock – from FTSE 100 chipmaker Arm to recent market entrant AO.com. Yesterday, they seemed to have calmed down a bit. While [...]
Stock stampede doubles amount of market floats April 2, 2014 STOCK market flotations around the world doubled last quarter, driven by a near record high in issuance across Europe despite a stall in M&A activity, fresh figures show. The boom in stock market issues means a $4.8bn (£2.9bn) windfall for investment banks around the world, due to fees rising by nearly a third compared to the [...]
Conviviality Retail in talks to buy Bibby’s Rhythm & Booze stores April 24, 2014 BARGAIN Booze owner Conviviality Retail confirmed yesterday it is in talks with rival off-licensing group Bibby Retail Services to buy a portfolio of stores as it seeks to gain a greater foothold in Yorkshire. The company, which floated on Aim last year, is understood to be interested in buying around 20 of the 50 shops, [...]
Small flotations get £2bn boost after lean years April 7, 2014 THE LAST 12 months have been the most active for initial public offerings (IPOs) on London’s junior stock market since 2007, with the amount of funds raised nearly tripling, according to UHY Hacker Young. Research released today shows that in the 12 months to the end of March, firms floating on the Alternative Investment Market [...]
Poundland and Pets start trading March 17, 2014 MILLIONS of shares in Pets at Home and Poundland changed hands yesterday after the two retailers officially started trading on the London Stock Exchange. Poundland boss Jim McCarthy opened trading in a ceremony at the exchange but shares in the company closed 2.6 per cent lower at 375p a share. About 2m Poundland shares changed [...]