Online materials retailer CMO valued at £95m in London AIM listing July 2, 2021 Online-only building materials firm CMO has bagged a sturdy valuation of £95m ahead of its London AIM listing, the company confirmed this morning. CMO said it is trying to rally around £45m in a share placement for 132p per share on London’s junior AIM market. Last week, the online retailer announced its intention to list [...]
Retail software firm Itim goes public in £48m London float June 28, 2021 Itim, a specialist software firm that provides services to retailers, has gone public through a £48m stock market float in London. The tech firm, which was founded in 1993 by veteran retail executive Ali Athar, will list today on London’s junior Aim market. Itim has raised £8m through the placing of 5,194,806 new ordinary shares [...]
Made.com: Online retailer confirms plans to raise £100m in London IPO June 1, 2021 Made.com has confirmed plans to list in London later this month after capitalising on the shift to e-commerce during the pandemic. Last week the online furniture retailer unveiled plans for a float and today confirmed it plans to raise £100m, and the offer will include an offer of existing shares to be sold by existing [...]
Next poised to snap up major stake in fashion firm Joules August 6, 2022 Retail giant Next is in talks to snap up a major stake in London-listed fashion firm Joules, according to reports today.
Russian budget retailer Fix Price targets London listing February 15, 2021 Russian budget retailer Fix Price this morning announced plans to launch a London listing. The company, which is the largest value retailer in Russia, said the potential initial public offering on the London Stock Exchange would allow it to pursue growth and international expansion. Fix Price, which launched in 2007, has more than 4,200 stores [...]
Metro Bank says turnaround plan is working after cutting losses to £245m February 23, 2022 Metro Bank has said its turnaround plan is working, despite losing £245.1m last year, after its revenues increased 17 per cent despite the economic impacts of Covid-19. The London retail bank said its efforts to cut costs and win over customers had started to work, after it set out its turnaround plan, to rejuvenate its [...]
Russian retailer Fix Price targets $1.7bn London listing March 1, 2021 Russian budget retailer Fix Price is targeting an IPO size of between $1.5bn and $1.7bn as it finalises its London listing. Earlier this month the company, which is the largest value retailer in Russia, announced its float would allow it to pursue growth and international expansion. Fix Price, which launched in 2007, has more than [...]
Exclusive: Minister is ‘very optimistic’ people will not be told to work from home in winter October 4, 2021 It is unlikely the government will tell people to work from home this winter, London minister Paul Scully has said. Scully told City A.M. today that he was “very optimistic” the government will not have to mandate working from home as a part of its Covid “plan b” for winter. Boris Johnson last month outlined [...]
Kurt Geiger bucks retail trend to open nine new stores – including two in London April 7, 2021 Luxury footwear retailer Kurt Geiger is planning to open nine new branches when lockdown restrictions on non-essential stores end next week. Kurt Geiger, which is preparing to open all of its existing sites from Monday, will also launch new stores across the country, including two in London. The new branches will be in Stratford, Brixton, [...]
Downing tools: Investors pile into bets against B&Q owner as DIY boom slows August 18, 2022 The troubled owner of retailer B&Q has become the most shorted stock on the London Stock Exchange this week as two top investors revealed hefty bets against the firm.