Owner of Comparethemarket.com, BGL confirms it is looking at an IPO with Rothschild bank January 27, 2016 BGL, the parent company behind price comparison site Comparethemarket.com, is considering floating on the London Stock Exchange. BGL owns Comparethemarket.com, along with other brands including Beagle Street, which provides life insurance, and Dial Direct. Rothschild has been hired to advise the group on the potential float, although no decision has been taken yet. If it does take the company public Budget Holdings Limited [...]
Sirius Minerals share price falls as it pushes back study for York Potash mine January 27, 2016 Shares in Sirius Minerals fell today after the Aim-listed company pushed back a definitive feasibility study for its major potash project in York from this month to March. A definitive feasability study looks at whether a project can be completed given a range of legal, economic, technological and other factors. "The completion of a definitive feasability study for such a [...]
Bitcoin Group float postponed as the world’s first bitcoin miner IPO fails to catch investors’ interest January 27, 2016 The world’s first bitcoin trading float has had to be postponed, as the firm managed to raise less than two per cent of its target. Australian bitcoin miner Bitcoin Group was hoping to become the first miner of the cryptocurrency to list publicly, but it seems its hopes have been dashed, as The Australian revealed [...]
National Australia Bank shareholders approve plans to demerge Clydesdale and Yorkshire Bank in IPO next month January 27, 2016 Shareholders in National Australia Bank (NAB), which owns Clydesdale and Yorkshire Bank, last night voted overwhelmingly in favour of plans to spin off Clydesdale and float it on the London and Australian stock-markets next month. Clydesdale Group, which includes Yorkshire Bank and is often referred to as CYBG, is valued at an estimated £2bn. It is one of the largest of [...]
UK chip designer Arm hit by Apple results as share price slides January 27, 2016 Everyone's favourite Brit chip designer, Arm Holdings, has been hit by disappointing results from Apple, with shares sliding 2.3 per cent to 991.5p in early trading. The Silicon Valley giant is one of Arm's biggest customers, which makes its money by licencing designs for microchips to the likes of Apple and many of its rivals. Last night [...]
Hinkley Point nuclear plant investment decision delayed as EDF struggles with financing for the £18bn project January 27, 2016 Britain’s first nuclear reactor for a generation is facing fresh delays as French energy giant EDF struggles to find financing for the £18bn project. French paper Lec Echos reported that the final investment decision on Hinkley Point will not take place today, as was widely expected, and that EDF is seeking extra support from the French government. It said the [...]
Peak Apple: Sales slow at the world’s largest company as boss Tim Cook blames extreme conditions January 27, 2016 The world's biggest company, Apple, set a new record for US corporate profits last night yet warned that sales are on the verge of tumbling for the first time in over a decade. The tech giant expects revenue of $50bn (£35bn) to $53bn in the opening three months of this year, down from $58bn in [...]
Crest Nicholson shares rally as full-year profits jump by a third January 26, 2016 Crest Nicholson has posted bumper full-year profits as the housebuilder stormed ahead with plans to build 4,000 homes by 2019. Home completions rose by eight per cent to 2,725 homes in the year to 31 October, with sales revenues up by 26 per cent to £804.8m. The strong performance helped drive a 32 per cent [...]
Sushi and sandwich maker Greencore serves up a jump in quarterly sales January 26, 2016 Food supplier Greencore has recorded a 7.2 per cent jump in first quarter sales, boosted by new product launches and strong growth in its convenience food business. The company, which suppliers supermarkets with products ranging from sushi to cakes and yorkshire puddings, reported sales of £356m in the 13 weeks to 25 December 2015. Its convenience food [...]
Generali boss Mario Greco leaving to take up chief exec role at rival Zurich Insurance January 26, 2016 Mario Greco, chief executive of Italian insurer Generali, is to step down at the end of his current contract, in order to take up the helm at Zurich Insurance. He will replace Tom de Swaan, who has been leading Zurich since Martin Senn quit as boss on 1 December, after the company’s attempted takeover of UK insurer RSA [...]