Fever-Tree shareholders raise glasses after strong second half January 22, 2015 Shareholders in upmarket tonic water maker Fever-Tree were celebrating yesterday as the British company revealed its recent strong performance had continued through the second half of the year. In a pre-close trading update for the year ended 31 December, Fever-Tree’s board said it expected sales in the second half to be up 43 per cent [...]
Meditation obsession: This mindfulness craze is madness December 21, 2014 The new obsession with meditation is a sign of exactly how mindless our places of work have become. Imagine leaving the office on a cold winter evening. You are tired, stressed and all you want to do is stretch out on the couch, drink a large glass of wine and laugh at D-list celebrities [...]
Mortgage Advice Bureau IPO: Housing boom helps broker’s stock flotation November 11, 2014 The Mortgage Advice Bureau (Mab) defied choppy markets to price its initial public offering (IPO) yesterday. It has achieved healthy growth this year on the back of a strong housing market, and buyers looking for more help on loans as the prospects of an interest rate rise grow. The loan brokerage is set [...]
Conservatives hit back in debate over promise of EU referendum November 10, 2014 Senior Tories yesterday hit back at critics of the party’s promise of an EU referendum. Prime Minister David Cameron denied the move would create business uncertainty, as suggested by Labour leader Ed Miliband, telling the Confederation of British Industry’s annual conference that the idea is unfounded. And striking back at the Labour leader [...]
Bottoms up: Fever-Tree share price fizzes in first day of trading November 7, 2014 Doubles all round at posh tonic water maker Fever-Tree: shares in the company started trading on Aim this morning, jumping as high at 172p within minutes of the market opening, before settling back to 168.5p. Shares were priced at 134p when it listed a 60 per cent stake under the ticker "FEVR", which raised £93.3m, [...]
Fever-Tree IPO: Charles Rolls and Tim Warrillow are cracking open the bubbly for a market debut November 4, 2014 When boom turns to bust, it can be best to keep your head down, get back to work and wait for a better time to dive into choppy waters. Plenty of other firms have had second thoughts about their flotations in recent week, as the frenzy of earlier months gave way to a market slump. [...]
Fever-Tree share price rises after bigger than expected IPO November 3, 2014 Upmarket drinks firm Fever-Tree’s shares will price at 134p this morning, valuing the nine-year-old firm at £154m. Its biggest backer LDC is selling 80 per cent of its stake, and will be left holding 10 per cent of the firm’s shares. Management will sell 40 per cent of their holding and be left with 24 [...]
Fever-Tree IPO: Float priced tonight November 3, 2014 Bankers to the drinks mixers group Fever-Tree expect to price its stock market flotation tonight, confounding a poor market for new issues. Floating on London’s Aim, the listing will see 50 per cent of the drinks group bought by outside investors. The company is looking to raise just £4m of new money from the [...]
Aldermore IPO flops as market flattens but Virgin Money pushes ahead with flotation plans October 15, 2014 Aldermore's advisers approached investors with a cut-price offer in a last- ditch bid to save the challenger bank’s stock market float, but failed to pick up enough sales, City A.M. understands. The firm pulled its initial public offering (IPO) yesterday, blaming “the recent deterioration of global equity markets”. The bank approached the IPO [...]
Middle of the road Clegg is meandering into Lib Dem electoral oblivion October 8, 2014 IN MOST walks of life, being timeless is a good thing. Not so with political speeches. Yesterday, Nick Clegg delivered the closing address of the Liberal Democrats’ annual conference in Glasgow, a speech so forgettable that he could have given it a year ago. There’s every chance he had actually given it before. The deputy [...]