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 [...]
Pop-ups are coming to the Tube: Three ideas for how startups can hop onto the trend successfully March 16, 2014 POP-UP shops could soon be appearing at a Tube station near you. On top of reports that Transport for London is exploring turning obsolete ticket offices into online delivery collection hubs, it signed a deal last week to make its retail property empire available for temporary occupation. Its estate amounts to 1,000 retail premises within [...]
What you need to know before the US open March 14, 2014 US futures had been moving higher today, pointing to a more optimistic open for markets after a difficult week. But bond yields have slipped after an unexpected fall in producer prices: The producer price index fell 0.1 per cent in February, with services decreasing 0.3 per cent. Goods, however, rose 0.4 per cent. Consumer confidence, [...]
Boohoo bounces onto Aim as shares hit 85p March 14, 2014 It's the first day of trading for online fashion retailer Boohoo.com, and shared are surging. Making its debut on London's Aim, shares opened at 85p – well above the offer price of 50p. Shares are currently trading around 78p. The firm raised £300m through its initial public offering, and is the third UK retailer to [...]
What the other papers say this morning – 14 March 2014 March 13, 2014 FINANCIAL TIMES Zuckerberg attacks US surveillance Mark Zuckerberg, Facebook founder and chief executive, has strongly criticised the US government for dragging its heels on plans to reform its mass surveillance programme. In a post on the social network, Zuckerberg said he had called President Barack Obama to express his “frustration” over the damage the government [...]