Flotations outperform FTSE by over five per cent September 4, 2014 New listings on the London stock market have generated better returns for investors than the FTSE 100 this year, despite some prominent private equity-backed flops, a survey shows. The 28 initial public offerings of shares between the turn of the year and the end of August achieved an average return of seven per cent – [...]
Best of the Brokers for 04 September 2014 September 3, 2014 To appear in Best of the Brokers, email your research to notes@cityam.com JLT Cannacord has cut its rating from “buy” to “hold”, with the target price falling from 1,165p to 1,070p. The broker believes that the value from US speciality will come through after a forecast period, while its present value depends mainly on margin, [...]
London IPOs: Second time round it’s a buyer’s market – Bottom Line August 31, 2014 And so it begins. The window for new listings on the London stock market unofficially opens again today after the summer lull and bankers will hope to rekindle the spirit that gripped the City earlier this year. But omens are not so good this time round. Things were different back then. Pent up demand from [...]
Beer of the realm: Cobra founder Lord Bilimoria talks creativity, GM crops and cracking pubs August 31, 2014 If you haven’t enjoyed a Cobra beer yourself, you’ve probably had a curry with someone who has. Karan Bilimoria founded Cobra Beer in 1989. It’s a well-documented story by now: the entrepreneur and life peer saw the need for a beer that was less gassy than lager but not as heavy as ale. Cobra claims [...]
Football Comment: Identity: City have it, United in dire need of it August 27, 2014 CONFESSION time: I must admit I did not think Manchester City would get stronger this season, given their modest summer business, but after just two games I may have to eat my words. The champions could easily have dropped points at Newcastle or at home to Liverpool but have hit the ground running, won two [...]
Review: TED Restaurant August 26, 2014 I’m a sustainability hypocrite. If I were at a dinner party and the host served bluefin tuna, I’d take great pleasure in making a scene. “How very dare you? Don’t you know bluefin numbers have dropped by 96 per cent thanks to intensive fishing? And while we’re at it, did you know they can swim [...]
What is the Higgs Boson? China’s collider to study particle in unprecedented detail August 26, 2014 Large Hadron Collider, eat your heart out. China is planning to build a bigger, better particle collider that will be able to study the elusive Higgs Boson particle in unprecedented detail. With a circumference of 52km, the “Higgs Factory” would be almost twice the size of Europe's equivalent, and significantly more powerful. The Chinese [...]
Intelligent design: Oliver Bonas founder talks Hong Kong, princes and the art of letting go August 17, 2014 After a tough period during the recession, the fashion industry has bounced back with a vengeance. In the last five years, it’s grown by 22 per cent, and is now worth £26bn to our economy, according to figures out earlier this year from the British Fashion Council. Oliver Tress, founder of high street favourite Oliver [...]
Sport Comment: World Cup has been huge credibility boost for women’s rugby August 17, 2014 IT IS the nature of our sporting world that football is the rich man from whose table every other sport has to eat the scraps, and so amid all the hoopla in the week of the resumption of the Premier League it has been particularly bad luck for English cricket and British athletics that their [...]
Just Eat profits sizzle in maiden results as mobile orders soar August 12, 2014 SHARES in the world’s largest online takeaway service, Just Eat, rocketed yesterday after it reported an almost 200 per cent jump in half-year profit as the business expanded in Britain and Denmark, its two biggest markets. Just Eat, which joined the London stock market in April, added more restaurants to its network and benefited from [...]