The Crime Lord: Peter Capaldi on the manosphere, London and rocking out with his band as he approaches 70
Virgin Money IPO: Challenger bank to float on stock market October 2, 2014 Challenger bank Virgin Money is floating on the stock market, chief executive Jayne-Anne Gadhia announced yesterday. The sale of the 25 per cent stake in the bank is expected to value the lender at between £1.5bn and £2bn. Major owners Virgin Financial Investments and US investment guru Wilbur Ross’ investment fund will sell down parts of [...]
A year of IPOs may make Virgin Money a tricky sell – Bottom Line October 2, 2014 What a boom year! What a great time for flotations! What a great stroke of luck Virgin Money has had, planning this listing of shares on the stock market. Well, maybe not. In fact, Virgin Money might have to begin with a relatively conservative valuation. Investors are burned out. Sure, there was massive pent-up supply [...]
Virgin Money IPO: Retail investors denied place in yet another float October 2, 2014 Virgin Money defended its choice to sell its shares exclusively to institutional investors – as revealed yesterday in City A. M. – arguing it made for a smoother flotation. Small investors have missed the chance to invest in the majority of IPOs over the past year – the last very large float with a [...]
Virgin Money confirms IPO plans and looks to raise £150m October 2, 2014 Virgin Money Holdings has confirmed its intention to float on the London Stock Exchange, as yet another “challenger” bank looks to go public. The retail bank expects to raise £150m from its initial public offering (IPO), and will use £50m of the proceeds to complete a payment owing to the UK government. Each [...]
Virgin Money advisers reject retail element in £2bn IPO October 1, 2014 Virgin Money, which is planning a London float that will value the challenger bank at between £1.5-2bn, has decided against offering the shares to the public despite some institutions and advisers pushing hard for this. Retail offers have been a rarity in the London market this year, despite the massive interest generated last year by [...]
Rocket IPO: Shares priced at €42.50 with €1.6bn valuataion October 1, 2014 Rocket Internet has priced shares for its initial public offering at the top of its range at €42.50. The German internet firm will debut on the Frankfurt Stock Exchange on the 2 October, joining fellow German tech startup Zalando which went public a day earlier. The float of just over 20 per cent of the [...]
Saga share price edges up as finance director announces plans to step down just months after its IPO September 30, 2014 Shares in Saga opened 0.2 per cent higher this morning, after its finance director announced plans to step down. Stuart Howard said he will leave the company by next year, to be replaced by current Bovis CFO Jonathan Hill. Andrew Goodsell, the company's chairman, said after more than 14 years in the role, Howard "feels [...]
Bostock to lead Santander into UK flotation September 29, 2014 FORMER RBS finance boss Nathan Bostock will lead Santander UK into its stock market flotation after he was yesterday appointed as chief executive on a permanent basis. He took the reins earlier this month when Ana Botin moved to become executive chairman of the global Santander group, taking the role after the death of her [...]
Royal Mail share price falls below 400p for first time since IPO September 25, 2014 Shares in Royal Mail have fallen below 400p for the first time since its IPO last October. The stock has hit a low of 397.9p per share today after rival UK Mail issued a revenue warning because of a decline in parcel volumes. That's a year-low for the stock, which has attracted much [...]
Sir Mike Rake will no longer take the wheel as RAC chairman after it abandoned IPO plans September 25, 2014 There is a major turnaround at the RAC as City heavyweight and CBI president Sir Mike Rake will no longer take up his position as chairman of the roadside recovery firm, following investment in RAC today from Singapore sovereign wealth fund GIC. RAC had announced at the start of September it would appoint Rake [...]