CentralNic sees earnings double September 25, 2013 London-based CentralNic yesterday reported profits of £636,000, a jump of nearly 100 per cent, in the six months to 30 June. The internet registry service also revealed revenues had risen to £1.7m during the same period. CentralNic went public last month on London’s Alternative Investment Market (Aim). CentralNic chair John Swingewood said increased demand for [...]
City Moves for 03 December 2013 | Who’s switching jobs December 2, 2013 Holley Holland The consultancy has appointed Alex Cameron as a principal consultant. He has over 25 years’ experience in financial services, qualified as a solicitor at Allen & Overy, and has worked with the Bank of England, Barclays Capital and Barclays Business Banking. Altius Associates The private equity advisory firm has appointed Rhonda Ryan as [...]
What the other papers say this morning – 21 October 2013 October 21, 2013 FINANCIAL TIMES Cameron to build on Royal Mail sale David Cameron is planning to build on the huge popularity of the Royal Mail privatisation by prioritising retail investors for the sell-offs ahead of the general election in 2015. Attracting retail investors will be a key aim as the government prepares to complete the sales of [...]
Shares suffer as Burberry boss trades handbags for handsets October 15, 2013 BURBERRY lost £770m off its stock market value yesterday after the luxury group announced that chief executive Angela Ahrendts will be stepping down. Ahrendts, a 53-year-old American who has been at the helm of the luxury group since 2006, will leave in the middle of next year – swapping her London offices for Silicon Valley [...]
A2Dominion launches retail bond October 2, 2013 Social housing group A2Dominion became the latest company in the sector yesterday to tap the public market for cash after launching a retail bond. The company hopes to raise around £140m from the unsecured sterling bond, which has a coupon of 4.75 per cent and is due in 2022. One of the UK’s largest housing [...]
Inside Track: The new issues market hits the first signs of trouble November 14, 2013 WHAT a difference a week makes. Last week I reported on a piece of research from Deloitte, the business advisory firm, on the storming performance of 10 main market flotations in 2013, including Royal Mail obviously, showing how their overall share price performance had outperformed the wider market seven times. This week the talk has [...]
Ebay and Argos to trial click and collect service September 24, 2013 ONLINE auction giant Ebay announced yesterday that it has entered into a national trial with Argos to let customers pick up goods bought on Ebay in Argos stores. The collection service will initially be trialled at 150 Argos stores for six months and will include goods bought from 50 of Ebay’s sellers. Ebay did not [...]
The retail champion who puts fame after business December 1, 2013 Annabel Palmer talks T-shirts and Small Business Saturday with Made in Chelsea’s Oliver Proudlock THE SERGE DeNimes headquarters is a cosy studio-cum-office, located exactly where you would expect for a business whose founder has found fame on Channel 4’s hugely-successful reality TV show Made In Chelsea. I’m hesitant about interviewing Oliver Proudlock, who, when not [...]
Chinese to splash cash in London September 26, 2013 LONDON’S high-end retailers are expecting a boom in spending by Chinese customers next week, as tourists flock to the capital during Golden Week – the country’s annual October holiday. Last year, luxury stores saw an increase of 31 per cent in Chinese spending during the holiday, while during Chinese New Year in February sales rose [...]
Longchamp opens British flagship store September 15, 2013 French luxury goods retailer Longchamp officially opens its biggest store in Europe today, on London’s Regent Street. Kate Moss, pictured here at the store’s opening party on Saturday night, models for the brand. The 5,400 sq ft store is Longchamp’s third British outlet, alongside Westfield London and New Bond Street. The opening is part of [...]