How social trading levels the field April 7, 2014 The wisdom of crowds looks set to bridge the gap between retail and institutional investors TRADING is no longer a matter of just staying on top of major data prints and corporate releases. As this year’s emerging market crisis demonstrated, economic ripples in far-flung corners of the globe can quickly become market tsunamis. And when [...]
Lenta shares in push above the flotation price April 7, 2014 SHARES in the Russian hypermarket chain Lenta have risen above their issue price in London for the first time since they were issued at the end of February after the group’s stock market debut was clouded by political turmoil in Ukraine. Lenta’s share price rose above the $10 per GDR issue price to close at [...]
The man putting new power into Battersea Station April 7, 2014 Rob Tincknell talks to Kasmira Jefford about British buyers and a new breed of nesters ROB TINCKNELL is leading the way up a flight of steps to the roof of Battersea Power Station’s marketing suite. “We have got to be really quiet,” he whispers, as he opens the door onto the terrace and points to [...]
Letters to the Editor – 04/04 – Royal Mail IPO, Soccer geography, Best of Twitter April 3, 2014 Royal Mail IPO [Re: Pricing Royal Mail: Welcome to the free market, Wednesday] Simon Walker is entitled to his view that the Royal Mail pricing needed to be cautious, although there could have been few who looked at the valuation at the time and did not spot that money was being given away. In such [...]
Stock stampede doubles amount of market floats April 2, 2014 STOCK market flotations around the world doubled last quarter, driven by a near record high in issuance across Europe despite a stall in M&A activity, fresh figures show. The boom in stock market issues means a $4.8bn (£2.9bn) windfall for investment banks around the world, due to fees rising by nearly a third compared to the [...]
How we’re revitalising markets for economic growth April 2, 2014 MARKETS when they work well are incredibly powerful. When we drive around we don’t have to think about the supply chain needed to produce the 30,000 or so parts that go into a modern car. As we shop for groceries we don’t need to consider what it takes to assemble fresh food from dozens of [...]
Exova valuation could reach as high as £650m April 1, 2014 EXOVA, a laboratory-based testing company, has said its valuation might be as high as £650m, according to the advisers to its forthcoming London flotation. The indicative price range for the Edinburgh-based company, which works mainly for oil and gas, aerospace and other transport industries, is 210p to 260p. The management team is led by Ian [...]
LondonMetric signs Primark pre-let April 1, 2014 Property developer LondonMetric has signed a deal to build a huge distribution centre in Northamptonshire for a “top 25 retailer” understood to be Primark. The warehouse on the A16 in Islip will span 1.06m square feet – the size of around 38 football pitches – and has been pre-let to Primark on a 25 year [...]
Heathrow and Boris clash over airport’s future March 31, 2014 HEATHROW has been drawn into a political dogfight over its role as a magnet for business, with the Mayor of London claiming a new town and technology hub on the site of the airport could lift the city’s economy. Meanwhile, Heathrow has argued that firms based nearby would downsize rather than adapt to a new [...]
Boohoo.com shares hit new low despite 62 per cent leap in sales March 31, 2014 SHARES in Boohoo.com fell briefly below their offer price yesterday for the first time since their market debut, despite the online fashion retailer reporting a jump in full-year revenues. The Manchester-based company had its first day of trading on 14 March and saw shares open at 85p – well above the offer price of 50p. [...]