BooHoo to IPO with ex-Asos boss at helm February 25, 2014 ONLINE fashion retailer BooHoo.com has appointed Peter Williams as chairman ahead of its IPO which is expected in early March. Williams is a former director of rival fashion site Asos, which floated ten years ago and is currently worth around £6bn. He is a stellar hire for the group and widely hailed as one of [...]
Wiggins eyes Glasgow gold February 25, 2014 FOUR-TIME Olympic cycling champion Sir Bradley Wiggins has confirmed his intention to compete at this summer’s Commonwealth Games in Glasgow. Wiggins, 33, won two silver medals at the Commonwealth Games in Manchester 12 years ago and team pursuit silver in Kuala Lumpur in 1998. The time trial at this summer’s Games takes place on 31 [...]
Former Asos director to head Boohoo for £500m IPO February 25, 2014 Ex-Asos director Peter Williams is to become chairman of Boohoo.com – a rival online fashion store – as it finalises listing plans valuing it at £500m, Sky News understands. Williams, a seasoned retailer who left the Asos board last year, is to take the reins as the company prepares to float on the stock market. [...]
What the other papers say this morning – 25 February 2014 February 24, 2014 FINANCIAL TIMES Markit and Virtu race for IPOs Two unique financial technology companies are preparing multibillion dollar initial public offerings, with both Markit and Virtu Financial seeking New York listings in the coming months. Markit, the UK-based data provider, is aiming to raise at least $500m and seek a valuation of more than $5bn as [...]
Ford unveils its answer to Google’s self-driving car February 24, 2014 As the Mobile World Congress in Barcelona gets underway Ford has unveiled what could be its answer to Google's self driving Toyota Prius, according to Sky News. Ford's new self-driving car is fitted with four infrared light sensors capable of taking 2.5m measurements every second. The sensors scan the road meticulously for possible obstacles such [...]
Ladbrokes to link executive pay to responsible gaming measures February 23, 2014 LADBROKES is planning to link executive pay with responsible gambling criteria in response to government pressure over fixed-odds betting terminals, the e-gaming giant will announce today. According to Sky News, chief executive Richard Glynn wrote to gambling minister Helen Grant and certain industry stakeholders last Friday to inform them that Ladbrokes will start linking executive [...]
Why audience targeting may hold the key to the future of TV adverts February 23, 2014 @LiamWardProud TELEVISION has long reigned as the dominant force in global advertising, accounting for almost 58 per cent of international ad spend in the first three quarters of 2013. But its crown may be slipping. In many digitally-advanced markets, TV’s share of ad budgets has already been eclipsed by online – the transition happened as [...]
Thieves hit Sky yet Froome wins February 23, 2014 CYCLING: British rider Chris Froome retained his Tour of Oman title yesterday, with a winning margin of 26 seconds. The reigning Tour de France champion won Saturday’s penultimate stage, despite Team Sky having 16 of their 18 bikes stolen hours beforehand.
Bank’s Weale points to early 2015 rate hike February 20, 2014 BANK of England policymaker Martin Weale has revealed his own estimate of when monetary policy might tighten, suggesting a rate hike could come before the middle of next year. Weale added: “Obviously I couldn’t rule out the need for a rate rise coming earlier than that”. The monetary policy committee (MPC) member said yesterday that [...]
Desmond sets a deadline for Channel 5 bids February 20, 2014 RICHARD Desmond has stepped down from the board of Channel 5 Broadcasting Limited in a sign that the media boss may be preparing for a sale of the broadcaster. An information memorandum has been sent to would-be buyers and City A.M. understands that a deadline of 27 February has been set for initial offers. Last [...]