A Great British beast of a sports car April 14, 2014 It may not be in the same league as the P1 but the 650S is the best consolation prize anyone could hope for THE McLaren P1 hyper-hybrid might just be the greatest car in the world right now. But it costs nearly a million quid, only 375 are being made and I haven’t been allowed [...]
Inside Track: The new issues market drifts into ever choppier waters April 10, 2014 THIS was the week when a sudden reality check intervened in the new issues market. It came after a blissful start to the year that has seen share prices popping, books covered multiple times and investors cashing out most profitably. The big losers earlier this week were the technology stocks, with shares in AO World, [...]
Goldman left holding Sports Direct stock after Ashley’s sale April 9, 2014 GOLDMAN Sachs has failed to sell all the 24m shares in Mike Ashley’s Sports Direct it took onto its books on Monday afternoon. Market sources believe that Goldman Sachs might have a large portion of the £204m block unsold after a torrid time on Tuesday when Sports Direct shares fell sharply from 883.5p to 811p. [...]
Why one analyst is so bearish on BT April 9, 2014 BT’s shares have been cooling for the past month, falling around 10 per cent, and now broker Bernstein has downgraded BT to “market-perform” on fears it may overspend on upcoming Premier League auction. “BT's ambition in TV is clear, what is not is how far they are willing to push Sky in the next round [...]
London Report: FTSE slumps to a two-week low as Sports Direct falls April 8, 2014 THE UK’S blue chip share index hit a two-week low yesterday, with Sports Direct leading losses after a share sale by founder Mike Ashley and technicals pointing to a bearish market outlook in the near term. Sports Direct, Britain’s biggest sporting goods retailer, slumped 9.2 per cent after Ashley sold 25m shares, while financial stocks [...]
Billionaire Mike Ashley offloads a £218m stake in Sports Direct April 7, 2014 SPORTS Direct founder Mike Ashley is to sell £218m of his majority stake in the retailer in the latest twist in a series of events that saw him snap up a stake in House of Fraser just days ago. Ashley is selling up to 25m shares in Sports Direct through an accelerated bookbuilding run by [...]
Why the NPFL is the best thing to happen to CrossFit yet April 7, 2014 CrossFit, the fitness craze that's seen rapid growth first in Santa Cruz, California, then the rest of the world, finally has some competition of its own. Right now it's sometimes difficult to follow some of the CrossFit frenetic workouts out there – usually some combination of weightlifting and gymnastics – unless you're already clued in [...]
Ashley fails to derail House of Fraser takeover April 7, 2014 HOUSE of Fraser’s sale to a Chinese conglomerate is set to go ahead, despite Sports Direct founder Mike Ashley’s efforts to scupper the deal, City A.M. understands. Chinese powerhouse Sanpower Group agreed to buy 89 per cent of the department store chain on Friday, in a deal valued at around £450m. Sportswear magnate Ashley has [...]
Playing the long game April 6, 2014 In 1997, Pokeware co-founder Maryse Liburdi was convinced her idea had potential. It took over a decade for the world to catch up. She tells Annabel Palmer why perseverance is the key to success IT WAS the nineties – a time when VCRs were present in most living rooms and pager sales were booming – [...]
Inside Track: City’s tech industry hopes are wrapped up in Just Eat April 3, 2014 JUST Eat shares got off to a very decent start in unconditional trading yesterday in a deal that has demolished some people’s reservations about the London new issues market for technology stocks. Contrary to what a number of experts said at City A.M.’s roundtable on the new issues market last June, London does seem prepared [...]