Travelport scraps its £2bn float February 10, 2010 THE biggest stock market flotation in two years was sensationally pulled last night, in a move that will send tremors through the IPO market. The shock announcement came after the firm had already slashed the price range from 210p to 290p – valuing the company at £2.16bn – to just 180p to 190p. But a [...]
Ocado considers London flotation by early 2010 June 17, 2009 ONLINE grocery retailer Ocado is considering an IPO, City A.M. can confirm, in a drastic u-turn by its finance director Jason Gissing. Sources close to the firm said it would use the capital from a London IPO to fund international expansion, after several foreign retailers expressed interest. It is considering floating on the stock exchange [...]
Ocado considers London flotation by early 2010 June 17, 2009 ONLINE grocery retailer Ocado is considering an IPO, City A.M. can confirm, in a drastic u-turn by its finance director Jason Gissing. Sources close to the firm said it would use the capital from a London IPO to fund international expansion, after several foreign retailers expressed interest. It is considering floating on the stock exchange [...]
M&S LEADS HIGH STREET RECOVERY January 4, 2010 HIGH street bellwether Marks & Spencer is this week expected to report its first sales growth in two years, boosting hopes that British consumers have cast aside their gloom and started spending again. The retail giant will update the market on Wednesday on how it fared over Christmas, with analysts expecting M&S to post like-for-like [...]
Travelport in pole position in float queue January 17, 2010 TRAVELPORT looks set to become the most expensive company to float on the stock exchange in two years. It will be amongst the first in a slew of companies seeking an IPO in the coming months. The airline and hotel reservations firm, which operates in 160 countries, has plans for flotation in London and hopes [...]
Banks hired by NewLook December 2, 2009 FASHION chain New Look yesterday edged closer to a possible £1.7bn stock market flotation by handpicking banks to work on the deal. The budget fashion chain, owned by private equity firms Apax and Permira, has chosen to work with JP Morgan Cazenove, Deutsche Bank and Credit Suisse. Lazard has acted as an adviser to the [...]
What to drink this Christmas December 6, 2009 Champagne As chosen by Esme Johnston, director of www.fromvineyardsdirect.comPerrier JouetBelle EpoqueCream and honey, brioche and lingering nutmeg notes make this special edition bubbly a delightful classic that’s wonderful with food or on its own. £86.95 at www.thedrinkshop.com Serge Mathieu Superb grower’s champagne, it’s nutty and golden with creamy richness and a light, punchy mousse. Great [...]
WHAT THE OTHER PAPERS SAY THIS MORNING September 9, 2009 FINANCIAL TIMES BAXTER BEHIND ON ORDERSBaxter, the US pharmaceuticals company, has failed to meet its pledge to rapidly deliver flu vaccine, stalling efforts to reduce the impact of the pandemic. British officials said they had received less Celvapan vaccine than agreed with Baxter, one of two companies with which the Department of Health signed a [...]
CASH DELIVERY July 26, 2009 Ocado, the online grocer, is close to completing its seventh fundraising for £40m, with the backing of Tetra Pak billionaire Jorn Rausing. The firm , valued by some at around £600m, is still to make a profit, but is planning on a stock market flotation in the next eighteen months to fund an international expansion. [...]
The tributes pour in as City A.M. gets to 1,000 October 22, 2009 GORDON BROWNPrime Minister“Congratulations to City A.M. on reaching a thousand editions. Your paper has kept both Westminster and the City informed at a time of great turbulence in the world economy.” SIR VICTOR BLANKFormer chairman, Lloyds Banking“City A.M. has developed into a quality newspaper which sparks boardroom debate with its insight and analysis. It is [...]