Just Eat shares plummets as founding shareholders sell 7.7 per cent stake December 3, 2014 Takeaway site Just Eat became the biggest faller on the FTSE 250 this morning, after its founding shareholders sold a 7.7 per cent stake in the company. Shares fell 8.64 per cent to 309p in mid-morning trading as it emerged shareholders including Index Ventures, SM Trust and Vitruvian Partners sold off part of their share [...]
£106m Quantum IPO puts Zeus Capital over £1bn raised November 27, 2014 Zeus Capital has advised on over £1bn worth of funds raised on Aim this year, after securing £106m for Quantum Pharma’s float next month. Quantum, the County Durham-based firm, is set to become the biggest pharmaceutical and biotech float on Aim this year with a valuation of £125m when its shares begin trading on 11 [...]
Rankings show Posh Spice is top UK entrepreneur October 27, 2014 Former Spice Girl Victoria Beckham has been named the UK’s top entrepreneur, beating Boohoo.com’s Mahmud Kamani, AO World’s John Roberts and Dyson founder Sir James Dyson, to the top spot. Beckham’s own-brand fashion house has seen its revenues soar 2,900 per cent over the last five years to £30m last year, putting it at the [...]
Boohoo claims credit for online market success October 14, 2014 BOOHOO co-chief executive Carol Kane said the online fashion retailer’s success and recent IPO had acted as a wake-up call for other high street stores to improve their own online businesses, as it posted a jump in sales yesterday. Boohoo made its successful debut on Aim in March, with a market value of £560m, just [...]
Boohoo share price up as profit increase bucks retail downturn October 14, 2014 Boohoo has nothing to cry about this morning, reporting strong half-year results – its first since going public – and sending shares up five per cent in early trading. Pre-tax profits were up 23 per cent to £4.5m, as revenue was up 31 per cent to £67m in the six months to 30 September in [...]
Consumers win as UK inflation continues to fall – London Report October 12, 2014 Consumers are winning out as low petrol prices and the continuing supermarket price war drive inflation down. Data out tomorrow is expected to show consumer price inflation for September fell to a five-year low of 1.4 per cent – well below the Bank of England’s target rate of two per cent. However, weak earnings growth [...]
In pictures: Ed Balls involved in bloodbath at MP charity game September 21, 2014 This week, the political excitement has migrated south from Scotland to Manchester, where Labour has started its annual party conference. What better way to kick things off (literally) than with the now infamous MPs versus lobby hacks footie match? And it was a goodie. MPs including Ed Balls, Sadiq Khan and Andy Burnham donned their [...]
London Report: German finance figures to come under spotlight September 21, 2014 THE FLOW of macroeconomic data will slowdown significantly over the coming week, with the key risk events moving towards the Eurozone. In particular, investors will be watching out for the latest manufacturing sector purchasing managers’ indices from the euro area. Economists at Credit Suisse indicated that a half-point increase in the PMI would be consistent [...]
Best of the Brokers for 18 September 2014 September 17, 2014 To appear in Best of the Brokers, email your research to notes@cityam.com BOOHOO Shore Capital has initiated coverage with a “Buy” rating and a target price of 73p. Shore thinks Boohoo is one of the cheapest stocks in the high growth online fashion retail sector, with upside potential and a sourcing model providing unrivalled level [...]
Photobox boss Stan Laurent: The man driving Moonpig’s growth story September 14, 2014 By the end of April, it became clear to Stan Laurent that London’s doors were effectively closed to new consumer-facing internet companies. There had just been the perfect storm of disastrous market debuts from Just Eat and AO World, along with two profit warnings from Asos that triggered a sell-off in shares of fellow fashion [...]