Moguldom IPO: US media group taps the London market for cash March 9, 2015 The head of US digital media group Moguldom yesterday unveiled plans to float on the London stock market in a bid to raise the profile of the business around the world. Jamarlin Martin, founder, chairman and chief executive of the group, said listing on the junior stock market would provide a strong platform to help [...]
Entrepreneurship is not the preserve of the young: You can succeed at any age March 8, 2015 Popular portrayals of entrepreneurialism might leave you convinced that the only people who are going to make it in business are twenty-somethings – millennials. But the reality is not nearly so clear cut. My own experience of setting up Zendesk is a testament to the fact that, if you’ve got a great idea and the [...]
Window and door maker Eurocell sees shares surge on stock debut March 4, 2015 SHARES in Eurocell traded up yesterday after the window and door maker’s debut on the London Stock Exchange. The Derbyshire-based firm, spun off by private equity group H2 Equity Partners, priced its shares at 175p, valuing it at £175m. But the company’s shares closed up 6.6 per cent at 186.62p. “We have been delighted by [...]
India primes economy as Narendra Modi’s government lays out pro-growth budget March 1, 2015 Business gave a cautious welcome to the Indian government’s landmark budget yesterday, highlighting its bid to unify the country’s fragmented markets and boost growth through tax cuts and infrastructure investment. “It delivered on all counts. The Prime Minister set out a vision and the budget lays it out as a roadmap,” Karan Chanana told City [...]
Wonga job cuts: The evolution of the UK’s top payday lender February 25, 2015 Wonga founder Errol Damelin Damelin establishes Wonga Wonga was founded by current chief executive Errol Damelin in October 2006. With the help of software engineer Jonty Hurwitz and venture secured from Balderton Capital, Damelin launched wonga.com in 2007. By June 2009, the company had reached 100,000 loans. The firm launched its iPhone app in December [...]
Travelport hits turbulence with ongoing losses February 23, 2015 TRAVELPORT, the UK travel business which recently floated on the New York Stock Exchange, fell yesterday upon reporting its maiden set of quarterly results. Shares in the group closed down 3.5 per cent after the news. The slide came after the group reported a loss of $43m (£27.8m) during its fourth quarter to 31 December [...]
Hilton shares dip as strengthening dollar spells tough 2015 for US hotels February 18, 2015 Hilton Worldwide Holdings’ share price has dipped in morning trading on the New York Stock Exchange as it said a stronger dollar could spell tough times ahead. Shares fell by as much as 2.5 per cent in early trading to $27.9 per share. The figures Hilton’s results for the 2014 calendar year show the hotel group [...]
Manchester United share price soars following record Premier League TV deal February 11, 2015 The record £5.14bn Premier League TV deal is still a season and a half away from kicking in, but some clubs are already feeling the benefits. Manchester United’s share price rose on the New York Stock Exchange yesterday, rising by almost five per cent to a price of $17.03 per share. The [...]
London mayor Boris Johnson’s trade mission helped by $40m investment in life sciences and technology companies February 10, 2015 Boris Johnson's most recent trade mission was helped by news of a $40m (£26m) investment from two US companies yesterday, boosting the capital's reputation for cultivating life science and technology industries. The London mayor is currently on a US trade mission in a bid to attract investments for British businesses. Heavy snowfall means he's currently [...]
Alibaba moves into smartphone market with £400m investment February 9, 2015 Chinese e-commerce giant Alibaba has bought a $590m (£388m) minority stake in Chinese smartphone maker Meizu. The move signals Alibaba’s first major foray into smartphone hardware as it looks to build a platform for its YunOS mobile operating system. In a joint statement, the two companies said they will collaborate “to achieve [...]