Game Digital share price plummets 50 per cent following major profit warning January 14, 2015 Shares in Game Digital have tanked in early morning trading, after the company issued a major profit warning after market close on Tuesday. The video game retailer's share price opened 50 per cent down on Tuesday, before recovering slightly to a price of around 220p per share – a 35 per cent drop on [...]
Game blames stiff competition for drop in sales over Christmas January 13, 2015 BRITISH video games retailer Game Digital yesterday cited tough competition as the reason for its decline in sales over the Christmas period. The company said sales dropped 6.7 per cent in the 11 weeks ending 10 January. It announced the results after the market closed yesterday. It stated that “promotional activity” across the market had inflated [...]
Hailo picks up third new chief executive in three months January 13, 2015 TAXI app firm Hailo yesterday appointed its third chief executive in as many months, as the British so-called e-hail firm looks to close the gap on rivals such as Uber and Lyft. The company has drafted in Andrew Pinnington, a former chief operating officer of Carphone Warehouse. He spent 12 years at the British mobile [...]
Retail investors stage a comeback – Editor’s Letter January 12, 2015 After a year of being virtually ignored by those organising fund-raisings on the London stock market, the retail investor is heading back to the stock market. As we report today, the tool hiring specialist HSS intends allocating a tranche of its shares in its forthcoming flotation to retail investors. This follows Trainline.com’s decision to do [...]
Shares jump higher at AO World January 12, 2015 SHARES in AO World rallied yesterday after the online white goods company reported a surge in third quarter sales, thanks in part to the success of Black Friday weekend. The so-called e-tailer, which sells kitchen appliances and televisions online from its warehouse in Crewe, said revenue from its website jumped 38 per cent three months [...]
HSS Hire plans IPO of £103m on London Stock Exchange January 12, 2015 British tool and equipment hire company HSS Hire has announced its intention to list on the London Stock Exchange next month. An estimated £103m is expected to be raised through the sale of shares during the Initial Public Offering (IPO), although the company could be valued at up to £600m. Existing shareholders will [...]
Christmas party shoes give Kurt Geiger a boost as sales rise 26pc January 11, 2015 Footwear and accessories retailer Kurt Geiger reported a bumper Christmas yesterday, announcing 14 per cent growth in like-for-like sales for the 2014 festive period. Party shoes led the way, with footwear in its occasion category enjoying an increase in sales of 26 per cent and Kurt Geiger’s handbags proved a popular gift, with sales up [...]
Guys just wanna have fun January 11, 2015 JLL’s boss tells Kasmira Jefford why his firm is anything but dull GUY Grainger has something he needs to get off his chest. It seems that some people might think that property and property advisory companies like JLL are, well, let’s say a little bit… dull. “People often say that to me and I think: [...]
February float on the cards for Redx Pharma January 11, 2015 BRITISH drug discovery and development company Redx Pharma yesterday announced it plans to float on London’s Alternative Investment Market as it looks to raise approximately £20m. Shore Capital is serving as the Liverpool-based company’s nominated adviser and broker on the listing, which is expected to start in February. Redx Pharma is forecast to have market [...]
Magna Carta: Backed by the City – Bottom Line January 8, 2015 Happy 2015: despite this week’s horrifying atrocity in France, it’s going to be an extraordinary year. Not just for the sharp downward trends in oil, food and retail prices reshaping the business landscape even as they prove a welcome January gift for hard-pressed Brits. Nor even for the electoral wrestling-match set to occupy the next [...]