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 [...]
Boohoo.com shares hit new low despite 62 per cent leap in sales March 31, 2014 SHARES in Boohoo.com fell briefly below their offer price yesterday for the first time since their market debut, despite the online fashion retailer reporting a jump in full-year revenues. The Manchester-based company had its first day of trading on 14 March and saw shares open at 85p – well above the offer price of 50p. [...]
Poundland to hire ex-Carpetright boss Shapland February 17, 2014 DISCOUNT retailer Poundland is set to appoint the former boss of Carpetright Darren Shapland as a senior independent director as it prepares to push the button its £750m float. He will join the board as it unveils its decision to float in London, as early as this morning.
Russian firms count the cost of Crimea crisis March 24, 2014 RUSSIAN firms in London have seen their share prices tank and borrowing costs leap since the Ukraine crisis, with the businesses worried their reputations have taken a severe knock. Some Russian stocks trading in the UK have fallen by more than 30 per cent since the start of the year, as turmoil in emerging markets [...]
What the other papers say this morning – 30 April 2014 April 29, 2014 FINANCIAL TIMES Borrowers driven to shadow banks A US regulatory crackdown on the $600bn leveraged loan market is driving borrowers to alternative lenders known as “shadow banks”, according to market participants. Bankers said the Federal Reserve and Office of the Comptroller of the Currency had stepped up their policing of the market, which provides financing [...]
Traders paw off Pets at Home as shares fall back March 12, 2014 PETS at Home shares fell by a whisker in initial trading yesterday as the £1.2bn float was left in the shade by a strong debut from fellow high street chain Poundland. Pets, which floated at 245p yesterday morning, ended the day trading around 243p after falling as low as 230p during a rocky start in [...]
Tech rout slams UK online giants April 8, 2014 BRITISH technology shares were pummeled for a second day yesterday as waves of uncertainty surrounding the sector continued, despite a recovery across similar stocks in the US. The FTSE 100 dropped for the second day in a row, falling over 32 points to 6,590.69, hampered by the poor performance of tech stocks. The top tech [...]
How Boohoo’s joined the queue of retailers flocking to market February 17, 2014 ONLINE fashion retailer boohoo.com is being groomed for a snap stock market flotation next month, joining the stampede of retail companies marching towards a London market listing this year. Boohoo.com, which is run by Manchester-based co-founders Carol Kane and Mahmud Kamani, is working with its financial broker Zeus Capital on plans for an initial public [...]
London listings in best start to year since 2007 March 13, 2014 LONDON’S red hot stock market is set to deliver the best first quarter for floats since the financial crisis, as a host of companies rushed to join the flotation queue yesterday. The capital’s stock market has raised $5.92bn (£3.5bn) since the start of the year, the best first quarter for initial public offerings since the [...]