Bilby aiming to raise £6m from junior market February 1, 2015 BUILDING services firm Bilby is planning to raise over £6m ahead of a float on Aim later this month. Bilby, which specialises in acquisitions in the gas heating and general building services markets, is seeking to raise £2m through the issue of new shares, while founder shareholders are seeking to place up to a further [...]
Aim boss expects a race to float ahead of the May election February 1, 2015 But Marcus Stuttard tells Oliver Smith why we should brace for a post-election slowdown around the question of Europe LONDON’S public markets are set for a flood of new entrants in the lead up to the May general election, according to the head of London’s Alternative Investment Market (Aim), but could see a dearth of [...]
Antibiotics developer Motif set for £16m London raising February 1, 2015 MOTIF Bio, a New York-based developer of antibiotics, will begin its investor roadshow this morning as the business prepares to raise between £4m and £16m on London’s Alternative Investment Market (Aim). With an expected valuation of up to £60m Motif is hoping to drum up investor interest in Iclaprim, a potential new antibiotic moving into [...]
China fish firm gobbles £10m February 1, 2015 A CHINESE fish food company is set to list on the junior stock market tomorrow after raising close to £10m from investors. Aquatic Foods Group, which is based in the Shandong Province, has sold shares worth £9.3m to investors, giving the business a £79.3m price tag. The company specialises in producing frozen seafood for China’s [...]
City Moves for 02 February 2015 | Who’s switching jobs February 1, 2015 EY Kate Richardson-Walsh has been appointed to EY’s business development team in London. She is a triple Olympian, and has been the captain of England and Great Britain hockey for the past 11 years. She will take up the role while training for the Rio 2016 Summer Olympics. Investec Specialist Bank The bank has announced [...]
Best of the Brokers for 02 February 2015 February 1, 2015 To appear in Best of the Brokers, email your research to notes@cityam.com BT GROUP S&P Capital IQ reiterated its “sell” rating on the telecommunications group after the firm’s update for the third quarter of 2014-15 showed that an increased pension deficit has weighed on cash flow. The broker also noted that costs for showing Premier [...]
UK economy starts 2015 in good health as rate setters meet – London Report February 1, 2015 CONSTRUCTION, manufacturing and services figures for January, due out this week, are expected to show a healthy economic start for the UK in 2015. Analysts expect all the numbers, based on purchasing managers’ surveys, to be up on December’s. The Bank of England is due to meet this week to set interest rates, with no [...]
US budget to be released – The week ahead on Wall St February 1, 2015 BARACK Obama will be in the spotlight today, as the White House unveils its budget for the 2016 fiscal year. The President is expected to call for an increase in domestic and military spending, as well as a tax on firms’ foreign earnings. Employment, automobile and sales data, all due out this week, are expected [...]
Putin’s latest aggression is just smoke and mirrors: We must now call his bluff February 1, 2015 When we last left Vladimir Putin at the end of 2014, he was a cornered animal at bay, turning with teeth bared as the forces of the market relentlessly drew closer to him. But ever the creative tactician, the Russian President is seeking to – not for the first time – dramatically change the facts [...]
Untested fringe parties are emerging across Europe – putting business at risk February 1, 2015 The meteoric rise of Greece’s Syriza would have sounded impossible when the party was founded a decade ago. Last week, however, it became Greece’s largest party. All over Europe, voters have responded to continued economic uncertainty by turning away from established parties to new, untested leaders. The desire for hope and a new direction in [...]
