CentralNic raises £7m in float on Alternative Investment Market September 2, 2013 INTERNET domain name provider CentralNic Group began trading on the junior stock market yesterday after raising £7m. The firm, which sells premium domains with endings such as uk.com and eu.com, hopes to cash in on rising demand for personalised web addresses. “The response from investors to the IPO has reaffirmed our belief that CentralNic is [...]
Hammerson upbeat on signs of UK recovery July 29, 2013 HAMMERSON, the Anglo-French property firm that owns shopping centres including London’s Brent Cross, said it had seen a pick-up in overseas retailers looking to launch in the UK in a sign of returning confidence in the market. Chief executive David Atkins said despite the continued squeeze on household budgets, macro-economic conditions were showing encouraging [...]
City Moves for 4 October 2013 | Who’s switching jobs October 3, 2013 Colliers International The property company has announced the appointment of Richard Eales as head of finance in the UK and Ireland. Eales was most recently at Hamptons International, where he was head of commercial finance for 11 years. He is a qualified accountant. Renaissance Capital Benjamin Samuels has been appointed global head of equities at the [...]
London councils lead the table for parking fines August 30, 2013 Total parking fines have now risen to £884m in 2011, up nearly 10 per cent from total council income from these fines in 2008. Data obtained by the Federation of Small Businesses (FSB) from a Freedom of Information (FOI) requests shows that East Yorkshire received the least income from motorist fines. Yet London and Thames [...]
City Moves for 25 September 2013 | Who’s switching jobs September 24, 2013 Rowanmoor Group The pensions company has announced the appointment of Matthew Robinson as national sales director. Robinson has over 24 years’ experience in financial services, gained with Aegon UK and Scottish Equitable. Jones Lang LaSalle The real estate investment firm has recruited David McCosh as a director in its retail team. He joins from Stephen Kane. DAC Beachcroft [...]
David Lloyd sold to private equity fund September 5, 2013 HEALTH and fitness club David Lloyd Leisure (DLL) yesterday outlined an ambitious £50m expansion plan after being sold to UK private equity firm TDR Capital for just under £750m. The business, founded by former tennis ace David Lloyd over 30 years ago, said it has over 20 new centres in the pipeline across the country [...]
Markets in turmoil over taper fears August 15, 2013 ■ Mixed US data leads to new fears over when Fed will start tapering stimulus ■ Dollar dives from one week high as uncertainty stalks trading desks ■ FTSE 100 suffers worst day in almost two months after retail sales rise GLOBAL markets were sent reeling yesterday, as strong US economic data reignited [...]
Budget at a glance: Osborne’s plans for Britain’s economy March 19, 2014 As growth bounces back, the focus turns to reforming savings THE ECONOMY UK growth for this year is now expected to be 2.7 per cent, the Office for Budget Responsibility (OBR) said yesterday – up from its previous estimate, made in December, of 2.4 per cent GDP expansion. A year ago the OBR expected growth [...]
Beat the competition to golden accelerator and incubator places September 22, 2013 But picking the right fit for your company is vitally important THE THRIVING London startup scene is set for another boost. Microsoft recently announced plans to launch a new gaming-focused accelerator programme, while Tesco is due to fund the Rainmaking Loft – a tech incubator in St Katherine Docks. Incubator programmes provide startups with business [...]
Ocado and Sports Direct: better to arrive late than not at all August 26, 2013 Whenever bankers are asked to explain why London’s market for new issues – the IPO market – nearly collapsed altogether last year, they cite a number of factors that always include the poor performance of a number of high-profile flotations. The lists are long and varied but almost everybody’s bete noirs include Sports Direct, Mike [...]