Smartphone security software provider Defenx will finally launch on London Stock Exchange’s AIM market tomorrow after £2.1m fundraising last week December 2, 2015 Defenx, the smartphone security software business, is finally set to launch on the London Stock Exchange's junior AIM market after delays this week pushed back its admission. The company raised £2.1m in a new share placing at the end of last week. The 1.4m ordinary shares were priced at 148p, meaning Defenx has 6.1m shares issued [...]
Biggest IPOs of 2015, including Aldermore, The Gym Group, Shawbrook, Worldpay and Auto Trader, have beaten the FTSE 100’s performance December 2, 2015 The volatile markets this year have not been ideal for company flotations. But despite this, the 28 biggest IPOs in the UK this year have beaten the FTSE 100 by 21.2 percentage points, generating an average return of 17.2 per cent according to Deloitte An investment of £1,000 in each of the 28 IPOs would now be worth £32,811, whereas a £1,000 investment [...]
CornerDrop: Parcel delivery start-up launches £40,000 crowdfund on Seedrs December 2, 2015 Parcel delivery start-up CornerDrop has turned to crowdfunding site Seers to raise £40,001 investment. Cornerdrop is offering a three per cent stake in its one-year-old business, which it values at £1.3m. The company was valued £950,000 at its last fundraising, and it says the higher valuation takes into account a number of new partnerships. The company allows customers to nominate any UK [...]
Numis posts record £55.6m equity issuance and advisory revenues despite stock market volatility December 2, 2015 Numis chief executive Oliver Hemsley told City A.M. old fashioned voice-broking and research gave the mid-sized brokerage an edge over larger banks as it reported record equity issuance and advisory revenues in its full year results today. Numis share price was up 1.61 per cent by mid-morning, to 272p, having dropped 1.18 per cent to 264.6p at the open. [...]
Bank of England money printer De La Rue share price rises 4.22 per cent as it cuts banknote production putting 300 jobs on the line December 2, 2015 De La Rue, the world's biggest banknote printer, has announced it will cut banknote production as demand for paper notes falls, putting some 300 jobs on the line. The company, which prints 150 currencies including the Bank of England's notes as well as UK passports, is going to reduce its print capacity from eight billlion to six billion banknotes a [...]
Record M&A boom could lead to $2 trillion in cost savings after $4.9 trillion of deals in two years December 1, 2015 The global boom in M&A could result in nearly $2 trillion (£1.33 trillion) in savings for companies, according to data from Deloitte. Since January 2014, $4.9 trillion-worth of corporate deals have been announced, and if all the cost-savings promised are delivered, companies could add between $1.5 and $1.9 trillion to their value, making the annualised savings worth around three to [...]
Moody’s says the outlook for 2016 is stable despite China slowdown and commodities and oil rout December 1, 2015 Despite the ongoing commodities route, falling oil prices and Chinese slowdown, Moody's is optimistic, and thinks the outlook in Europe is stable for 2016. Non-financial companies in Europe, the Middle East and Africa (EMEA) can look forward to increased consumer confidence, solid market liquidity, low default rates, and "sustained" though "slow" growth of around two per cent in Europe. The ratings agency [...]
Affective Logic closes £350,000 SyndicateRoom crowdfund having beaten funding target December 1, 2015 Marketing company Affective Logic has closed its investment fund on crowdfunding site SyndicateRoom, after securing £387,247, 111 per cent of its £350,000 target. The company, which helps large businesses plan and monitor marketing campaigns across multiple suppliers and markets, was created alongside leading advertising agencies, McCann and Martin. Affective Logic has already worked with General Motors, Aldi and Manpower Group. It said [...]
LendingCrowd launches a crowdfunding app in time for Giving Tuesday December 1, 2015 Just in time for Giving Tuesday, crowdfunding site LendingCrowd has launched a new app for people to access the platform and invest on the go. Stuart Lunn, chief executive of LendingCrowd, hopes the app will open up crowdfunding to a new audience. “The LendingCrowd app gives our investors instant access to their investment portfolio," he said. "Already the initial feedback has [...]
Christmas trees could be cheaper to import this year thanks to falling oil prices and a weaker euro December 1, 2015 Forget about cheap fuel, Christmas trees could be a bargain this year, thanks to falling oil prices and a weaker euro. The currency in two of the biggest Christmas tree-producing nations, Denmark and Norway, is weaker at the moment, which means British Christmas tree importers will get more for their money. The Danish krone is pegged to the [...]
