Trustpilot aims for £1bn valuation in upcoming London IPO March 8, 2021 Consumer review service Trustpilot is aiming to bag a £1bn listing when it lists its shares in London later this month, after it secured $240m through the initial public offering. The Danish company confirmed its intention to float on the London Stock Exchange earlier this month, following $240m commitments from investors including Fidelity, Adelphi, BlackRock and [...]
Trustpilot shares soar as firm kicks off £1.1bn London IPO March 23, 2021 Shares in online reviews platform Trustpilot rose by 14 per cent in its London stock market debut on Tuesday. The company has priced the IPO at 265p per share, giving it a market capitalisation of £1.1bn. The firm launched 161 million shares today, jumping 14 per cent in morning trading. The IPO will raise £473m [...]
Disgruntled client ordered to pay law firm £25,000 over Trustpilot review February 9, 2021 A man who left an angry review of a legal firm on Trustpilot has been ordered to pay £25,000 in damages after a judge ruled he had committed libel. Philip James Waymouth hired Summerfield Browne to represent him in a dispute concerning the enforcement of a court order, paying a fixed fee of £200. Waymouth [...]
AO World swings back to profit thanks to reduced costs while revenue down 17 per cent July 5, 2023 AO World swung back into profit on reduced costs and better margins as the firm said it made a 17 per cent loss in revenue in its annual results. The white goods retailer said revenue decreased by 16.8 per cent to £1.1bn compared to £1.3bn in the same period last year ending 31 March, as [...]
Reviews website Trustpilot mulls £800m London float October 8, 2020 Business review platform Trustpilot is muling plans involving a London flotation that could take place as early as next year. The Copenhagen-based firm is understood this week to have held talks with a number of investment banks about plans for a debut on the London Stock Exchange, Sky News first reported. A spokesperson for Trustpilot [...]
Future-proof your business with full-fibre broadband October 31, 2023 The UK’s communications infrastructure is undergoing a radical upheaval driven by emerging Alt-Nets reshaping the future of fibre. Community Fibre, London’s largest 100% full-fibre broadband provider has doubled its network roll-out target in London and will pass 2.2 million businesses and homes by the end of 2024. Using the most reliable broadband technology, its 100% [...]
GUEST EXPECTATIONS AND SUSTAINABILITY: CAN SUSTAINABLE PRACTICE BOOST THE HOSPITALITY EXPERIENCE? April 30, 2024 A new study from FuturePlus and Relative Insight, based on 130,000 hotels worldwide reported that at least 6.2% were certified with some form of sustainability certification scheme. Indeed, social, economic, and environmental sustainability concerns have created demand across numerous industries for products and services that can work towards such sustainable goals. Do sustainable practices, however, [...]
Air fryers and coffee machines send white goods retailer’s shares soaring April 12, 2023 Shares in Marks Electrical soared over seven per cent this morning after the online white goods retailer posted a 21.5 per cent rise in revenues. Despite an ongoing cost of living crisis, consumers splashing out smaller electrical appliances such as air fryers helped hike revenues up to £97.8m compared to £80.5m the prior year. In [...]
Just Eat appoints new executives as it eyes up profit September 29, 2022 Just Eat has appointed two new chiefs to its top team today as it angles in on profitability this year and looks to capitalise on a positive first six months trading.
AO World raises guidance again as it returns to profit despite falling revenues November 21, 2023 Electrical retailer AO World has raised its profit guidance despite revealing a fall in revenue, according to a trading update published this morning. The online group, which calls Frasers Group its largest shareholder, said a decision to stamp out unprofitable sales led to a 12 per cent dip in revenue during the interim. But adjusted [...]