Biggest float in Denmark for 20 years as ISS lists March 13, 2014 DANISH cleaning and services firm ISS swept onto the Copenhagen stock market yesterday in the largest share float in the Nordic country since 1994. Shares in the company climbed 15 per cent on their debut yesterday morning after being priced at 160 Danish crowns (£17.88) per share, the midpoint of the range. The offering, which [...]
Homes in homage to enterprising MP March 13, 2014 New homes alongside Regent’s Canal are a natural haven away from the hustle and bustle A TRIBUTE to the historical figure who inspired the London Underground logo lies in the bricks and mortar of contemporary London. The industrial architecture of the newest homes to arrive in King’s Cross pay homage to Liberal MP Samuel Plimsoll [...]
Traders paw off Pets at Home as shares fall back March 12, 2014 PETS at Home shares fell by a whisker in initial trading yesterday as the £1.2bn float was left in the shade by a strong debut from fellow high street chain Poundland. Pets, which floated at 245p yesterday morning, ended the day trading around 243p after falling as low as 230p during a rocky start in [...]
Contactless payments rising as TfL and retailers drive adoption March 12, 2014 CONTACTLESS payments on the high street jumped nearly 300 per cent last year, according to figures from Visa yesterday. Visa Europe’s director of contactless Mark Austin said that the 94.3m payments had been spurred by Transport for London’s use of contactless on buses last year and the increasing numbers of retailers installing terminals. Adoption from [...]
Poundland shares pop on first day of trading March 12, 2014 On its first of trading, Poundland has seen its shares jumped by 17 per cent. The company's initial public offering was priced significantly above its retail items of one pound, at 300p per share, toward the higher end of the range. The price gave Europe's biggest single-price retailer a market capitalisation of £750m. There has [...]
British manufacturing’s long decline could be about to end March 11, 2014 ROSS Perot, as a US presidential candidate in 1992, infamously decried “the giant sucking sound” of jobs being exported abroad as a result of free trade. It was populist nonsense, of course. Trade creates far more jobs than it destroys – and London’s high value added economy wouldn’t exist without it. That so many low [...]
Investors rush to grab a piece of Poundland March 11, 2014 POUNDLAND is expected to sell shares in its stock market float at the peak price of £3 each today after a hotly contested battle to own a piece of the discount retailer. The high street store, which sells all its items for £1, announced plans last month to float in a deal which values the [...]
What you need to know before the open March 11, 2014 European markets are expected to open higher this morning, with more economic data to focus on today – although there are still concerns over Ukraine and growth in China. The UK's Competition and Markets Authority has said it’s starting a new review into retail banking, focusing particularly on banking for SMEs. Corporate news Barratt Developments [...]
No signs of let up in London’s flotation flurry March 10, 2014 INVESTORS will intensify their love affair with the new issues market today as high street stalwarts Pets at Home and Poundland close the books on their multi-million pound London floats. Yesterday foreign exchange business Travelex became the latest UK firm to say it was exploring an initial public offering (IPO) while Israeli digital advertising firm Matomy [...]
Asos Indian rival Koovs raises £22m in London market debut March 10, 2014 AN INDIAN online fashion retailer set up by the former chairman of Asos launched on London’s Aim yesterday after raising raised £22m via a share placing. Shares in Bangalore-based Koovs were placed at 150p but jumped to 184p last night, valuing the company at around £44m. The company was founded in 2012 by Lord Alli [...]