Poundland and Pets start trading March 17, 2014 MILLIONS of shares in Pets at Home and Poundland changed hands yesterday after the two retailers officially started trading on the London Stock Exchange. Poundland boss Jim McCarthy opened trading in a ceremony at the exchange but shares in the company closed 2.6 per cent lower at 375p a share. About 2m Poundland shares changed [...]
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, [...]
Boohoo finance chief bags 20pc of share options March 17, 2014 Boohoo.com went to market last week and, on the first day of trading, saw shares rise as much as 70 per cent above their 50p listing price, to 85p. Today, it’s announced that its chief financial officer has been awarded with over 20 per cent of its initial share options. The Manchester-based firm’s said that [...]
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 [...]
London listings in best start to year since 2007 March 13, 2014 LONDON’S red hot stock market is set to deliver the best first quarter for floats since the financial crisis, as a host of companies rushed to join the flotation queue yesterday. The capital’s stock market has raised $5.92bn (£3.5bn) since the start of the year, the best first quarter for initial public offerings since the [...]
Boohoo confirms £560m listing next week March 7, 2014 Online fashion website Boohoo has confirmed this morning that it’ll debut on London’s Alternative Investment Market (Aim) market next week, with a market cap of £560m. Shares will be trading from next Friday, with 600m placed at 50p each, raising £300m. The firm’s got plans to spend £50m of what’s raised via the flotation on [...]
What you need to know before the open March 7, 2014 A mixed open for Europe this morning as investors await the US employment report. Consensus is that US hiring increased enough in February to leave the Fed’s tapering plan on track. The S&P 500 saw a record finish again yesterday as weekly jobless claims dropped to a three-month low. The ECB disappointed yesterday, leaving its [...]
What the other papers say this morning – 5 March 2014 March 4, 2014 FINANCIAL TIMES Faith, hope and hedge funds for CoE The Church of England is ramping up the exposure of its £6bn endowment to alternative investments such as hedge funds and private equity in a move that will cement its position as one of the UK’s largest single investors in these types of assets. The Church [...]
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 [...]
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. [...]