Bottoms up: Fever-Tree share price fizzes in first day of trading November 7, 2014 Doubles all round at posh tonic water maker Fever-Tree: shares in the company started trading on Aim this morning, jumping as high at 172p within minutes of the market opening, before settling back to 168.5p. Shares were priced at 134p when it listed a 60 per cent stake under the ticker "FEVR", which raised £93.3m, [...]
Fitbug share price runs riot again as it launches new KiQplan programmes November 7, 2014 Shares in Fitbug, the Aim-listed maker of fitness-tracking wearable tech, jumped in early trading after it unveiled a new "digital coach". Shares in the company leaped since the end of October, after it announced Sainsbury's and US retailer Target had agreed to stock its products. As it continued to rise, from 0.35p to a high [...]
Virgin Money IPO boosted November 6, 2014 BANKERS working on the flotation of Virgin Money are likely to exercise their “greenshoe” option when it floats later this month. A source close to the deal said enthusiasm from investors meant the company would sell an extra tranche of shares on top of the initial stake, thought to be 25 per cent, it had [...]
Euro falls to two-year low on disappointing ECB speech November 6, 2014 The euro fell to its lowest level against the dollar in two years today after much-anticipated comments by European Central Bank (ECB) chief Mario Draghi disappointed markets. The currency dipped below $1.24 and fell to £1.27, before rallying slightly. Although European stocks spiked immediately after the speech, Germany's Dax closed down 0.92 per cent, while [...]
Brookfield and Qatari sovereign wealth fund put in an offer for Canary Wharf owner Songbird Estates November 6, 2014 Qatar's sovereign wealth fund has partnerred with developer Brookfield Property Partners to make an approach for Songbird Estates, the owner of Canary Wharf. In a statement to the stock exchange this afternoon, Aim-listed Songbird confirmed Brookfield and the Qatar Investment Authority had approached it with an offer, adding that the Qataris already owned a 28.6 [...]
Exclusive: Virgin Money IPO gets thumbs-up from investors as “big four” banks are slated by CMA November 6, 2014 Bankers working on the flotation of Virgin Money are likely to exercise their "greenshoe" option when it launches its initial public offering (IPO) later this month, City A.M. understands. A source close to the deal said such has been the enthusiasm from investors for shares in the bank, it will sell an extra tranche of [...]
Bank of England leaves interest rate at 0.5 per cent for 68th month in a row November 6, 2014 The Bank of England's monetary policy committee (MPC) leaft interest rates unchanged again this month, making it the 68th month in a row rates have been at a historic low of 0.5 per cent. The Bank also left its quantitative easing programme at £375bn, even though across the pond, the Fed wound its programme to [...]
UK house prices: Growth dips to 8.8 per cent as mortgage cooling measures take their toll November 6, 2014 "Cooling measures" introduced by the Bank of England earlier this year have taken their toll on house prices. Annual growth slid to 8.8 per cent in October, figures by Halifax showed this morning, down from 9.6 per cent in September. The quarterly figure painted an even gloomier picture, with growth of just 0.8 per cent [...]
In pictures: Inside Leeds’ new Netto store November 6, 2014 It was several months ago that Sainsbury's decided if you can't beat 'em, join 'em, and launched a tie-up with Danish discounter Netto. Today, the first of 15 new stores opened in Leeds. Lest we forget, the retailer beat a retreat from the UK market back in 2010, selling its 193 stores to Asda for [...]
Watch: John Lewis Christmas advert 2014 video – say hello to #montythepenguin November 6, 2014 It’s not Christmas until John Lewis starts filling our screens with nostalgia – and this year, it hasn’t disappointed. Serenaded by Tom Odell's cover of John Lennon's Real Love, a boy, Sam, realises his best friend, Monty the CGI penguin, is lonely. We won’t spoil the ending… The ad’s themes for 2014? Childhood, [...]
