Goldman left holding Sports Direct stock after Ashley’s sale April 9, 2014 GOLDMAN Sachs has failed to sell all the 24m shares in Mike Ashley’s Sports Direct it took onto its books on Monday afternoon. Market sources believe that Goldman Sachs might have a large portion of the £204m block unsold after a torrid time on Tuesday when Sports Direct shares fell sharply from 883.5p to 811p. [...]
Tech rout slams UK online giants April 8, 2014 BRITISH technology shares were pummeled for a second day yesterday as waves of uncertainty surrounding the sector continued, despite a recovery across similar stocks in the US. The FTSE 100 dropped for the second day in a row, falling over 32 points to 6,590.69, hampered by the poor performance of tech stocks. The top tech [...]
Bottom Line: Online retailers still falling out of fashion April 8, 2014 ON MONDAY, investors panicked. Having had the weekend to mull over the losses that sent the Nasdaq 2.5 per cent lower last Friday, sellers piled out of anything that could be broadly considered a tech stock – from FTSE 100 chipmaker Arm to recent market entrant AO.com. Yesterday, they seemed to have calmed down a bit. While [...]
Thali joins the growing Indian food renaissance April 8, 2014 @steve_dinneen RESTAURANT THALI 166 Old Brompton Road, SW5 0BA Tel: 020 7373 2626 FOOD Four Stars VALUE Four Stars ATMOSPHERE Four Stars Cost for two with some wine: £107 SO LAST month everything was plodding along nicely, all work, work, pub, pub, pub, taxi, take-away, bottle of red, quick whisky, sleep, aspirin, coffee, coffee, work, [...]
10-Week fitness challenge the get-fit diary of an out of shape office worker April 7, 2014 Steve is undertaking a 10 week “total body transformation” programme with No.1 Fitness, which involves four sessions at the gym a week, a strictly controlled diet and absolutely no alcohol under any circumstances whatsoever (not even a little bit, just to take the edge off…). Here’s how it’s going: BEFORE I started I thought giving [...]
Playing the long game April 6, 2014 In 1997, Pokeware co-founder Maryse Liburdi was convinced her idea had potential. It took over a decade for the world to catch up. She tells Annabel Palmer why perseverance is the key to success IT WAS the nineties – a time when VCRs were present in most living rooms and pager sales were booming – [...]
Just Eat is off to sizzling start on the market April 3, 2014 SHARES in Just Eat, the online food takeaway group, yesterday finished their first day of trading 23p above an already high issue price, to value a group with underlying earnings of £14m at an astonishing £1.6bn. When the group first started discussing the possibility of floating earlier this year, the assumption was it would fetch [...]
Inside Track: City’s tech industry hopes are wrapped up in Just Eat April 3, 2014 JUST Eat shares got off to a very decent start in unconditional trading yesterday in a deal that has demolished some people’s reservations about the London new issues market for technology stocks. Contrary to what a number of experts said at City A.M.’s roundtable on the new issues market last June, London does seem prepared [...]
Just-Eat prices shares at top end of range in IPO April 3, 2014 Just-Eat has announced it’s pricing its London Initial Public Offering at the top end of its range, at 260p per share. The London-based online food takeaway business is offering 138.5m shares. Based on the offer price, it’d reach a market capitalisation of £1.47bn. The shares being sold represent 24.6 per cent of Just-Eat’s equity. It’ll [...]
Just Eat taps into huge demand from investors for £1.4bn float April 2, 2014 LONDON’s appetite for highly-valued technology stocks will be fully tested today as conditional trading begins in the shares of Just Eat, the online takeaway food group. Bankers to the share issue, the first on the London Stock Exchange’s high growth segment, closed the books last night and intimated the valuation for the group would be [...]