The whole country can celebrate the Aim market’s twentieth anniversary June 18, 2015 Twenty years ago today, on 19 June 1995, London Stock Exchange launched Aim, a new market for ambitious growing businesses. With only 10 companies admitted on the first day of trading, with an aggregate value of just £82m, few might have envisaged it would be celebrating its twentieth anniversary this year. Since its inception, [...]
Mix it up: The best places in the city to sip on a cocktail in the sun June 16, 2015 @philip_salter In the summertime when the weather is fine, you can stretch right up and touch the sky. When the weather’s fine. You got cocktails, you got cocktails on your mind. That’s how the song goes in my head at least, so here’s a smattering of London’s many outdoor watering holes in which to soak [...]
Flying off the scale: Fever-Tree’s Tim Warrillow talks malaria, crane strikes and private equity May 25, 2015 We're seeing a renaissance; it’s incredibly exciting. People are better educated and the market is growing and growing – and quite right too, it’s a great English invention.” Tim Warrillow is talking about the gin and tonic – something the co-founder of maverick drinks company Fever-Tree knows a fair bit about. The gin and [...]
Joanne Moore: The lady blazing a trail as the only female master gin distiller in the world May 10, 2015 Distilling alcohol has remained largely a male affair, which is odd, since women have a greater number of tastebuds than men and are better at discerning flavour. But Joanne Moore has risen through a 20-year career in ginmaking to become the only female master distiller in the world. Moore had no intention of becoming a [...]
IPOs breathe life into stagnant small caps after investment struggle May 5, 2015 Investments in the UK’s smaller companies have struggled this year, but some fund managers are hoping that newly-listed companies will help revive the sector. Since the start of the year, small caps quoted on the FTSE Aim All-Share TR index have lagged their large-cap peers on the FTSE 100. But since April, smaller companies have [...]
Best of the Brokers for 05 May 2015 May 4, 2015 To appear in Best of the Brokers, email your research to notes@cityam.com FEVER-TREE Shore Capital has initiated coverage of the natural premium mixer brand with a “sell” recommendation and “fair value” outlook of 191p, saying: “Although we see Fever-Tree as a high quality company with strong sales momentum, we believe its valuation is ultra-premium.” SHIRE [...]
Fever-Tree toasts fizzing first set of results since its float March 23, 2015 UPMARKET drinks firm Fever-Tree raised its glass yesterday to a 49 per cent jump in revenue in its debut set of results since floating on the London stock market in November. The 10-year old business reported sales of £24.7m, which in turn lifted adjusted earnings before interest, tax, depreciation and amortisation (Ebitda) by 48 per [...]
Fever-Tree shareholders raise glasses after strong second half January 22, 2015 Shareholders in upmarket tonic water maker Fever-Tree were celebrating yesterday as the British company revealed its recent strong performance had continued through the second half of the year. In a pre-close trading update for the year ended 31 December, Fever-Tree’s board said it expected sales in the second half to be up 43 per cent [...]
Meditation obsession: This mindfulness craze is madness December 21, 2014 The new obsession with meditation is a sign of exactly how mindless our places of work have become. Imagine leaving the office on a cold winter evening. You are tired, stressed and all you want to do is stretch out on the couch, drink a large glass of wine and laugh at D-list celebrities [...]
Mortgage Advice Bureau IPO: Housing boom helps broker’s stock flotation November 11, 2014 The Mortgage Advice Bureau (Mab) defied choppy markets to price its initial public offering (IPO) yesterday. It has achieved healthy growth this year on the back of a strong housing market, and buyers looking for more help on loans as the prospects of an interest rate rise grow. The loan brokerage is set [...]