Floats are stacking up on Aim as pallet maker RM2 makes debut January 6, 2014 PALLET manufacturer RM2 joined the junior stock market yesterday after raising £137.2m to finance its expansion plans. The IPO is one of the biggest floats of the past year on the Alternative Investment Market. RM2 designs, makes and supplies pallets for transporting goods, using materials it claims are much stronger than the traditional wooden designs. [...]
Japanese business conditions up – but is this as good as it gets for Abenomics? December 16, 2013 The Bank of Japan's Tankan survey has shown a further improvement in business conditions in the fourth quarter. However, the pace of improvement has flagging pointing to a slowdown in GDP growth, according to Capital Economics. The headline index of business conditions for large manufacturers rose from +12 in the third quarter to +16 in [...]
Bottom Line: Bubble fears will always haunt Dubai floats December 3, 2013 PEOPLE have short memories. Except, that is, about situations where they’ve lost a lot of money. Since the financial crisis there are a lot more investors in the market who’ve been burnt before – and they’ll never forget that time Dubai property prices fell over 50 per cent between 2008 and 2010. So it’s no [...]
Funding for Lending use triples but businesses see much less than households December 2, 2013 Use of the Bank of England's Funding for Lending Scheme (FLS) tripled in the third quarter. Net lending jumped to £5.8bn, against £1.6bn in the second quarter – the biggest quarterly net lending flow since the scheme was introduced last summer. The Bank's latest data show that 21 banks and building societies took out £5.5bn [...]
Iceland moves back into white goods market with online tie-up November 27, 2013 FROZEN food specialist Iceland is moving back into white goods by starting an online appliances store in partnership with DRL Limited – the parent company that launched Appliances Online more than 10 years ago. Iceland stopped selling non-food products in 2009 when chief executive Malcolm Walker decided to close its in-store electricals showrooms and use the [...]
Osborne targets budget surplus September 30, 2013 GEORGE Osborne yesterday promised a future Conservative government would attempt to run a budget surplus by 2020, indicating that his party’s commitment to austerity is here to stay. The chancellor told his party’s annual conference in Manchester that, assuming the economic recovery continues, he would seek to ensure the government’s income is more than its [...]
Airbnb doubles bookings June 19, 2012 US home rental site Airbnb said yesterday it had seen a dramatic rise in bookings in the last five months. The number of nights booked on its site has doubled to 10m as the number of properties listed also doubled to 200,000. Brian Chesky, Airbnb’s chief executive, has highlighted international expansion as the reason for [...]
Connaught debt to reach £100m after bills found November 7, 2010 Collapsed property services firm Connaught’s debts could pass £100m after the administrator KPMG discovered 50,000 additional invoices. Bills for everything from Dairy Crest milk to RBS bank loans have been left unpaid, according to a report by KPMG following Connaught’s collapse in September. Unsecured lenders exposed to the firm’s social maintenance arm will recover at [...]
BG concedes defeat over deal with Australia’s Origin September 10, 2008 BG group said yesterday it would not increase its hostile takeover bid for Australian Origin Energy after the company agreed to a joint venture with American oil giant ConocoPhillips. BG’s offer of A$15.50 (£7.08) a share, which expires on 26 September, will not be extended and is expected to lapse, BG said in a statement. [...]
British banks given access to Vietnam September 10, 2008 HSBC and Standard Chartered have become the first foreign banks to be given permission to set up wholly owned subsidiaries in Communist Vietnam, the country’s state bank said yesterday. The two companies will be allowed to operate as commercial banks for a period of 99 years, according to a statement from the State Bank of [...]