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 [...]
GrubHub targeting $2bn New York Stock Exchange valuation April 1, 2014 GRUBHUB, the US food delivery service similar to Britain’s Just Eat, has raised its expected share price range up to between $23 and $25 ahead of its listing on Friday. The price range will raise GrubHub about $176m from its initial public offering (IPO), with a top end valuation of around $1.9bn (£1.14bn). GrubHub, backed by [...]
Restaurant review: Big Easy, Covent Garden April 1, 2014 Big Easy, 12 Maiden Lane London WC2E 7NA Tel: 0203 728 4888 Food: ★★★★☆ | Value: ★★☆☆☆ | Atmosphere: ★★★☆☆ Cost for two with wine: £150 @steve_dinneen “Crab shack” evokes images of rickety seaside restaurants held together by Sellotape and folksy charm; mom-and-pop joints that only make $7 a day but put a big smile [...]
The tech whizz who still has faith in the trusty telephone March 30, 2014 Annabel Palmer talks to Paul Lees, the ex-BT programme manager who co-founded the conference call firm for SMEs Powwownow WANDER down any street and it will instantly become clear just how far the telecoms industry has changed in the past decade. A growing minority of households has now gone mobile-only, in Britain and elsewhere. But [...]
Inside Track: JP Morgan is outpacing rivals in UK equity transactions March 28, 2014 WHEN the venerable David Mayhew sold 50 per cent of Cazenove to JP Morgan 10 years ago, there were many who predicted the gradual demise of the influence of that august stockbroking house. After all the City memory bank is filled deep with the names of institutions, such as Warburg, Kleinwort Benson and Smith New [...]
The open-plan office debate: Pros and cons March 27, 2014 Man is a social animal, but some think sharing germs is a step too far DEMOCRATIC arenas for the open sharing of ideas, or chaotic workplace jungles brimming with a cacophony of distracting noises? Open-plan offices are divisive. But with square meters at a premium – London last year overtook Hong Kong as the most [...]