Any Other Business – 27/03 March 27, 2014 ZUCK’S had his wallet out again. Despite telling us he wouldn’t be buying any more companies for a while after Whatsapp, Facebook’s gone and splurged out on Oculus Rift, a virtual-reality headset company. Not only has the $2bn purchase wreaked havoc on Mark Zuckerberg’s company card, it’s also caused a bit of a kerfuffle for [...]
Just-Eat cooks up a tasty price range for its London share issue March 26, 2014 JUST-EAT, the online takeaway food group, is chasing a valuation of between £1.2bn and £1.47bn, it emerged yesterday. The group, whose management team begins a road-show today mainly in New York and London, decided to plump for a higher than expected valuation after testing out demand with institutional investors over the past few days. At [...]
First to list on new segment March 26, 2014 IT WAS with a sweet symmetry that Just-Eat chose yesterday to become the first group to list on London’s High Growth Segment, the listing vehicle which many hope will persuade technology groups to choose the capital rather than New York for their share listing. King’s shares, one of the great losses to the London market, [...]
Just-Eat opts to be first member of LSE’s High Growth Segment March 26, 2014 The prospectus of takeaway website company Just-Eat has revealed that it plans to join the London Stock Exchange's High Growth Segment. By doing so, it won't have to sell off as much stock to be listed. The High Growth Segment has a lower free float requirement, with a minimum threshold of 10 per cent, as [...]
What the other papers say this morning – 26 March 2014 March 25, 2014 FINANCIAL TIMES Banks pay out $100bn in US fines Wall Street banks and their foreign rivals have paid out $100bn in US legal settlements since the financial crisis, according to Financial Times research, with more than half of the penalties extracted in the past year. The sum reflects a substantial shift in political attitudes towards [...]
Alfresco v Aldesco March 25, 2014 With the sun out, it’s time to eat alfresco, says Alex Dymoke – but for those poor souls stuck to your desks, we have some special take away options as well… THE CITY (NORTH)The Water Poet9-11 Folgate Street, E1 6BX The Water Poet pub is located at the very northern tip of the Square Mile. [...]
Great culinary feats can still be achieved, even if you only have a microwave in your office kitchen March 25, 2014 FOREVER associated with the processed, the prepackaged and the unsophisticated, the microwave gets a bad rep within foodie circles. The microwave meal has come to symbolise everything that’s wrong with today’s food culture. They make our cooking easy and unhealthy, fast and fatty, and facilitate our tendency to prioritise convenience over care, The way that [...]
Luxurious way to curry favour March 24, 2014 City chef John Woodward tells Melissa York why lobster is the real food of love I‘VE WORKED in a lot of hotel restaurants in my time, but Strip Bar & Steak at the Malmaison Hotel, is more like a restaurant with rooms than a hotel with a restaurant. You don’t get all the politics you [...]
Three tech firms surge to $260bn on grey market March 24, 2014 THREE upcoming initial public offerings (IPOs) from tech firms King Digital Entertainment, Alibaba and Just Eat are all set to beat analyst expectations with a combined valuation of over $260bn (£158bn), according to IG’s IPO grey market. King, the British games giant and creator of Candy Crush Saga, has already hit a valuation of $8.7bn, [...]
Inside Track: In Barclays we trust: Retail investors rely on bank for new issues March 20, 2014 @hellierd There’s a page on the Barclays website that directs customers to the joys of investing in new issues and flotations. It is headlined: “Access investments before they become available on the market.” The trouble is that unless Barclays itself is working on one of the current crop of share issues, it is highly likely [...]