House of Fraser weighs first quarter float amid rising markets November 10, 2013 DEPARTMENT store House of Fraser has accelerated plans for a listing on London’s stock market in the first quarter of 2014 after appointing Rothschild as advisers. The store, which posted record sales last year, is expected to hold a beauty parade of banks before Christmas to co-ordinate and run a share offering, with plans to [...]
Oxford biotech firm looks to list November 10, 2013 Circassia, the Oxford biotech firm backed by hedge fund Lansdowne Partners and Goldman Sachs, is thought to be exploring plans to raise cash on the stock market. The company is close to finalising a cure for people allergic to cats. It is currently valued at £225m, based on a 20 per cent stake taken by [...]
Card Factory recruits advisers November 10, 2013 The Card Factory, the high street retailer started by a husband and wife duo in 1997, has appointed UBS and Morgan Stanley to help float the company. The business, which is owned by buyout firm Charterhouse, could be floated in London next year with a price tag of up to £1bn. The company was started [...]
Boxing channel takes Aim November 10, 2013 The parent company of Box Nation, the TV channel devoted to airing boxing bouts, is set to raise £5m with a listing on the junior stock market. Nation Media, which boasts sports promoter Frank Warren as a non-executive director, is understood to be hoping to raise the capital on the alternative investment market in a [...]
City Moves for 11 November 2013 | Who’s switching jobs November 10, 2013 Deutsche Bank The bank has announced the hire of Kim Hammonds as chief information officer and global co-head of group technology and operations. She was most recently at Boeing, where she was chief information officer. Prior to that, she held various roles at Dell and Ford Motor Company. Friends Life The assurance company has recruited [...]
Best of the Brokers for 11 November 2013 November 10, 2013 To appear in Best of the Brokers, email your research to notes@cityam.com WATERLOGIC Analysts at N+1 Singer downgraded their target price on the shares from 235p to 136p per share however it has maintained its “buy” rating on the renewable energy firm. It said the downgrade was caused by an expected delay in new product [...]
London Report: Carney likely to bear good news about inflation November 10, 2013 GOVERNOR of the Bank of England Mark Carney is likely to be the bearer of good news when he presents his inflation report on Wednesday, with the growth rate heading up and the unemployment rate coming down. Carney pledged in August not to raise rates until unemployment fell to at least seven per cent, a [...]
New York Report: Market awaits Fed comments on US stimulus November 10, 2013 THE US stock market’s rally could be put to the test this week if comments from Federal Reserve officials including Janet Yellen add to views the central bank could be scaling back its stimulus plan sooner rather than later. While this week is light on economic news, bond yields have been rising, giving further credence [...]
The Greenbelt sacred cow: It pens in the poor for no environmental gain November 10, 2013 GREENBELTS combine the qualities of sacred cows and juggernauts. To question their benignly green and fair credentials is to invite abuse: yet the unstoppable damage they do to societal fairness, housing affordability, the economic efficiency of our cities, even the environment, is devastating. Greenbelts have a mystical quality, in that almost everything we believe about [...]
City Matters: We need to unlock London’s full diversity to tackle its future challenges November 10, 2013 I TOOK my seat in the golden state coach on Saturday, to join the world’s oldest street pageant and be shown to the world as the 686th lord mayor of London. It’s a role that’s over 800 years old, and comes imbued with a huge amount of history. Every lord mayor brings something different to [...]
