Challenger bank Shawbrook’s float succeeds as it covers books March 24, 2015 SHAWBROOK Bank has covered the books in its stock market flotation, successfully attracting enough institutional investors into its shares, City A.M. understands. The challenger is raising £90m in new funds, and is selling a 25 per cent stake, plus an over-allotment option. It follows stock market debuts from Aldermore earlier this month, and from Virgin [...]
Challenger bank Shawbrook jumps on IPO bandwagon March 12, 2015 Shawbrook has become the latest challenger bank to announce plans to list on the London Stock Exchange, with plans to raise about £90m. The announcement of its intention to float follows an impressive showing by rival Aldermore earlier this week, whose shares closed 12 per cent higher on its first day of trading. Its shares [...]
Challenger bank Shawbrook swings to profit after three years June 3, 2014 SMALL business specialist Shawbrook Bank swung into profit in 2013, its full year results show today. The bank is considering a stock market flotation in 2015, pushed back slightly from the late 2014 date thought to have been considered previously. The lender was formed from three older firms by RBS private equity arm in 2011 and [...]
Shawbrook Bank boss quits after less than 18 months in the job April 2, 2014 IAN HENDERSON yesterday resigned as chief executive of challenger bank Shawbrook, after joining in December 2012. The outgoing boss gave no explanation for his exit so soon after joining the bank. Previously he was chief operating officer of Barclays Wealth, and had also been chief executive of RBS International, leading its business banking arms. Henderson has been [...]