What the other papers say this morning – 20 March 2014 March 19, 2014 FINANCIAL TIMES Starbucks aims to double market cap Starbucks wants to almost double its market capitalisation to $100bn (£60.5bn), chief executive Howard Schultz said yesterday, even as the US coffee chain underscored the changing landscape facing retailers as more consumers shop online and by mobile phone. THE TIMES London hit by Deutsche Bank job cuts [...]
Zeus Capital top of the board for junior flotations April 14, 2014 LONDON’S northern rival Manchester has emerged as a burgeoning scene for equity capital markets, with a Salford-based advisory rocketing to the top of the league for junior market listed flotations for the first time. Zeus Capital has soared to the top of the Alternative Investment Market (Aim) adviser rankings for new firms coming to market, [...]
Pop-ups are coming to the Tube: Three ideas for how startups can hop onto the trend successfully March 16, 2014 POP-UP shops could soon be appearing at a Tube station near you. On top of reports that Transport for London is exploring turning obsolete ticket offices into online delivery collection hubs, it signed a deal last week to make its retail property empire available for temporary occupation. Its estate amounts to 1,000 retail premises within [...]
Exova valuation could reach as high as £650m April 1, 2014 EXOVA, a laboratory-based testing company, has said its valuation might be as high as £650m, according to the advisers to its forthcoming London flotation. The indicative price range for the Edinburgh-based company, which works mainly for oil and gas, aerospace and other transport industries, is 210p to 260p. The management team is led by Ian [...]
International manhunt for UK boiler room fraud suspects March 3, 2014 CITY police are hunting four men across Europe over suspected involvement in boiler room frauds, Crimestoppers said yesterday. The four are thought to have targeted British retail investors. It comes after 110 suspects were arrested in raids across the UK, Spain, Serbia and the US. The City of London Police and the National Crime Agency are looking [...]
Terence Conran cedes control of business to son March 10, 2014 SIR TERENCE Conran has handed over full control of his design empire to his son Jasper, to focus on his work with the Design Museum and expanding his chain of Albion cafes. The 82 year-old designer, restaurateur and founder of the Habitat brand has stepped down as chairman of Conran Holdings but will remain on [...]
Biggest float in Denmark for 20 years as ISS lists March 13, 2014 DANISH cleaning and services firm ISS swept onto the Copenhagen stock market yesterday in the largest share float in the Nordic country since 1994. Shares in the company climbed 15 per cent on their debut yesterday morning after being priced at 160 Danish crowns (£17.88) per share, the midpoint of the range. The offering, which [...]
Bottom Line: Boohoo floats on rising tide as M&S sinks February 17, 2014 BOOHOO.COM’s founders look set to be crying tears of joy this March when the retailer, which specialises in catering to fashionistas, floats on the London stock exchange. For one of its most established competitors, however, it’s another reason to reach for the Kleenex and start sobbing. Marks & Spencer’s clothes division is a once-great national [...]
London bounce for new listings on stock debuts March 31, 2014 NEWLY listed shares in London outperform the wider market by 10.5 per cent in the first year according to a new study, sharpening the investment potential of the current crop of firms seeking a listing. Newly listed shares, sold through initial public offerings (IPOs), also outperform their more established rivals over the first six months [...]
Eyes down in battle to acquire UK bingo halls April 8, 2014 THE FORMER owner of high street stalwarts Comet and MFI is weighing a bid for up to 137 UK bingo halls from Gala Coral, underscoring a sudden turnaround in fortunes for the unloved bingo sector. Henry Jackson, the US investor who heads London-based firm OpCapita, has registered his interest in snapping up Gala Bingo from [...]