Retail investors to be courted in biggest Nordic flotation in years February 18, 2014 ISS, the Danish outsourcing group, intends to attract retail investors to its stock market flotation in Copenhagen, the biggest Nordic flotation in 14 years. “There’s potential to have strong demand,” chief executive Jeff Gravenhorst said yesterday. “The percentage that goes to the retail investor will depend on their appetite.” ISS, which is part-owned by Sweden’s [...]
Poundland hires retail veterans to propel float February 18, 2014 DISCOUNT retailer Poundland yesterday unveiled a heavyweight board lineup and its first female non-executive director as part of plans to float on London’s stock market next month. The Birmingham-based company, which currently has around 500 stores, has recruited former Travelodge chief executive Grant Hearn and Merlin Entertainments group HR director Tea Colaianni, who will become [...]
Gold demand fell 15pc in 2013 on US recovery February 18, 2014 OVERALL gold demand slid by 15 per cent in 2013, despite 21 per cent growth in demand from consumers, according to a new report by the World Gold Council yesterday. Interest from the retail market was offset by large-scale outflows from exchange traded funds (ETFs) as confidence in the US economy improved, the report said. [...]
Poundland to hire ex-Carpetright boss Shapland February 17, 2014 DISCOUNT retailer Poundland is set to appoint the former boss of Carpetright Darren Shapland as a senior independent director as it prepares to push the button its £750m float. He will join the board as it unveils its decision to float in London, as early as this morning.
Rising confidence helps boost demand at Hammerson’s malls February 17, 2014 SHARES in Hammerson climbed three per cent yesterday after the landlord hiked its dividend and said growing consumer confidence was sending more retailers flocking to its shopping centres. The owner of Brent Cross shopping centre said rental income rose by 2.1 per cent last year and that occupancy was now at 97.7 per cent thanks [...]
How Boohoo’s joined the queue of retailers flocking to market February 17, 2014 ONLINE fashion retailer boohoo.com is being groomed for a snap stock market flotation next month, joining the stampede of retail companies marching towards a London market listing this year. Boohoo.com, which is run by Manchester-based co-founders Carol Kane and Mahmud Kamani, is working with its financial broker Zeus Capital on plans for an initial public [...]
Bottom Line: Boohoo floats on rising tide as M&S sinks February 17, 2014 BOOHOO.COM’s founders look set to be crying tears of joy this March when the retailer, which specialises in catering to fashionistas, floats on the London stock exchange. For one of its most established competitors, however, it’s another reason to reach for the Kleenex and start sobbing. Marks & Spencer’s clothes division is a once-great national [...]
Footfall rises but high street is still losing out February 17, 2014 HIGH-STREET shops have failed to make any gains from improved footfall in January’s sales, continuing to slip behind other platforms for bricks and mortar retailers. A boost to sales following Christmas didn’t translate into more traffic for high streets, according to new figures released today by Springboard and the British Retail Consortium (BRC) – but [...]
Three things you didn’t know about… February 17, 2014 Jones Lang LaSalle UK CEO Guy Grainger 1 He’s been commuting to work on a Vespa for about 12 years and absolutely loves it. He admits he’s got a more grown-up, modern, black one now but used to ride a 1968 flame orange Vespa, with an open-face helmet. 2 He once appeared on The Apprentice [...]
Brothers who built brand with purpose February 16, 2014 Annabel Palmer talks travelling, Topman, and the English weather with Rob Forkan – the tsunami orphan who co-founded new flip flop brand Gandys INNOCENT may have pioneered a whole new approach to marketing (the company has even published a book about its “story,” and “what they’ve learned”), but no business tale will ever be as [...]