Row as retail investors denied chance to buy shares in Just-Eat March 17, 2014 BANKERS to Just-Eat, the London-based online food takeaway business, yesterday announced plans to float on the stock market in a deal that will exclude retail investors. The company has chosen to list in London in a confidence boost for the London Stock Exchange but its decision to exclude private investors was met with dismay by [...]
Just-Eat curries investor favour for £900m float March 17, 2014 JUST-EAT beefed up its boardroom yesterday with senior hires from BSkyB and Hammerson ahead of a float next month, adding to the swelling ranks of firms looking to list in London. The 13-year-old business, which was founded in Denmark by entrepreneur Jesper Buch, said BSkyB chief financial officer Andrew Griffith would join the firm as [...]
Viewpoint: The retail investor should not be ignored March 17, 2014 HOW CAN any company which relies on the custom of the public ignore them when it floats on the market? Certainly it seems wrong to deny your customers a chance to share in your company’s fortunes. The current resurgence of initial public offerings in the London market is certainly welcome. But it isn’t good news [...]
Poundland and Pets start trading March 17, 2014 MILLIONS of shares in Pets at Home and Poundland changed hands yesterday after the two retailers officially started trading on the London Stock Exchange. Poundland boss Jim McCarthy opened trading in a ceremony at the exchange but shares in the company closed 2.6 per cent lower at 375p a share. About 2m Poundland shares changed [...]
Boohoo.com finance chief bags 20 per cent of share options March 17, 2014 BOOHOO.COM, the online retailer that debuted on the London Aim last Friday, said yesterday it had awarded its chief financial officer over 20 per cent of its initial share options. The Manchester-based firm’s said that 9,746,000 share options were granted to employees. The options will vest in three years, at an exercise price of 50p, [...]
Shore Capital in the money after markets boost March 17, 2014 CITY finance firm Shore Capital yesterday said it doubled profits last year after a strong showing from its equity capital markets division. The business, founded by Howard Shore in 1985, said the division saw its pre-tax profits rise up 19.4 per cent from £5.1m to £6m. Overall revenues for the company rose nine per cent [...]
January boost in retail footfall reversed by February’s decline March 17, 2014 RETAIL footfall slumped again in February after a stronger start to 2014, according to the British Retail Consortium (BRC) and Springboard. Traffic fell by 2.9 per cent in the year to February, more than reversing the 1.6 per cent increase recorded in January. High street stores were the biggest losers last month, with a 5.3 [...]
FTSE chairman Gareth Davis tells us why he’s in no rush to retire March 17, 2014 Serial chairman and former tobacco boss Gareth Davis tells Elizabeth Fournier how he juggles three FTSE-listed firms THE ROLE of a company chairman is a tricky one. As head of the board, a good chair is expected to lead from the front; hiring, firing and managing its members, while keeping one eye on governance and [...]
City Moves for 17 March 2014 | Who’s switching jobs March 17, 2014 Chelverton Asset Management The asset management firm has appointed Richard Bucknell as an investment director in its unquoted equities team. Prior to joining, Bucknell held senior investment management positions at Barclays Ventures. Insparo Asset Management The Africa and Middle East specialist investment firm has hired Peter Lindqvist as head of sales and marketing. Lindqvist was [...]
City Matters: How evolving City offices are positioning for the next big tech breakthrough March 17, 2014 WE ALL want the next Google, Facebook or Twitter to come from London. The same is true for major success stories from other industries. This can only happen, however, if we ensure the capital has the right mix of space to enable small and medium-sized enterprises (SMEs) to grow and realise their full potential. The [...]