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Poundland Group

  • Toblerone and Red Bull a hit for Poundland in Spanish Dealz shop

    July 3, 2014

      Poundland chief executive Jim McCarthy said yesterday its Dealz chain “could be bigger” in Europe than its sister chain in the UK, after kicking off its expansion by opening its first store in Spain on Wednesday.   The company, which reported a 23.5 per cent jump in annual profits yesterday, said 2,700 people came [...]

  • Poundland sees profits dive but plans to add 60 new stores

    July 3, 2014

    Budget chain Poundland has reported a fall in statutory pre-tax profits of 19 per cent to £21.5m, thanks largely to costs associated with its recent IPO. Underlying pre-tax profits rose a hefty 23 per cent to £36.8m. The company, which had its IPO in March, enjoyed growth in like-for-like sales of 1.9 per cent and [...]

  • Frustrated investors miss out in stampede for Poundland shares

    March 12, 2014

    THE immense popularity of the share listing for the discount retailer Poundland meant that, as with AO World last week, many funds received nothing from the allocation process. Demand for the shares, which traded at a 22 per cent premium to their issue price yesterday, exceeded expectations and orders came in around 15 times oversubscribed. [...]

  • 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 [...]

  • Poundland and Pets at Home flotation offer prices unveiled

    February 28, 2014

    Following a string of flotation announcements, IPO details are starting to come in from some companies. High street discount store Poundland has decided on a share offer price range of 250-300 pence, reports Reuters. The amount gives the company an implied market value of £625-750m when it lists on the stock exchange. Poundland is 76 [...]

  • DEAL FRENZY: Pets At Home lines up to follow King, Poundland and ISS to market

    February 18, 2014

    STOCK markets roared back into life yesterday after discount retailer Poundland, Candy Crush Saga producer King Digital Entertainment, and services firm ISS fired the starting gun on flotation plans, with UK pet store Pets at Home expected to follow suit as soon as today. UK retailer Poundland revealed plans to list in London in March, [...]

  • Poundland confirms IPO

    February 18, 2014

    High street discounter Poundland has finally confirmed this morning that it intends to float on the London Stock Exchange. The offer will comprise a partial sale of funds by Warburg Pincus, Poundland’s private equity owner, and a free float of at least 25 per cent of the issued share capital. Poundland said admission is expected [...]

  • 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.

  • Record sales lift Poundland float prospects

    January 23, 2014

    POUNDLAND has boasted record sales over the key Christmas trading period, further paving the way for a potential initial public offering (IPO), expected to take place within the coming months. The bargain chain, which plans to double its UK presence over the next decade, said new shop openings helped sales rise more than 12.4 per [...]

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