Floats are stacking up on Aim as pallet maker RM2 makes debut January 6, 2014 PALLET manufacturer RM2 joined the junior stock market yesterday after raising £137.2m to finance its expansion plans. The IPO is one of the biggest floats of the past year on the Alternative Investment Market. RM2 designs, makes and supplies pallets for transporting goods, using materials it claims are much stronger than the traditional wooden designs. [...]
Bottom Line: Bubble fears will always haunt Dubai floats December 3, 2013 PEOPLE have short memories. Except, that is, about situations where they’ve lost a lot of money. Since the financial crisis there are a lot more investors in the market who’ve been burnt before – and they’ll never forget that time Dubai property prices fell over 50 per cent between 2008 and 2010. So it’s no [...]
Iceland moves back into white goods market with online tie-up November 27, 2013 FROZEN food specialist Iceland is moving back into white goods by starting an online appliances store in partnership with DRL Limited – the parent company that launched Appliances Online more than 10 years ago. Iceland stopped selling non-food products in 2009 when chief executive Malcolm Walker decided to close its in-store electricals showrooms and use the [...]
Airbnb doubles bookings June 19, 2012 US home rental site Airbnb said yesterday it had seen a dramatic rise in bookings in the last five months. The number of nights booked on its site has doubled to 10m as the number of properties listed also doubled to 200,000. Brian Chesky, Airbnb’s chief executive, has highlighted international expansion as the reason for [...]
Connaught debt to reach £100m after bills found November 7, 2010 Collapsed property services firm Connaught’s debts could pass £100m after the administrator KPMG discovered 50,000 additional invoices. Bills for everything from Dairy Crest milk to RBS bank loans have been left unpaid, according to a report by KPMG following Connaught’s collapse in September. Unsecured lenders exposed to the firm’s social maintenance arm will recover at [...]
The time has finally come to go short on oil September 8, 2008 Decreased production and low consumption mean that fuel prices are falling, says Katie Hope The black stuff is finally on the slide. From the heady heights of July this year when oil hit $147 a barrel and analysts were predicting it could catapult to $200 a barrel, forecasters are now betting the next move will [...]
Don’t over-complicate your approach to the market September 1, 2008 I spent last week away from the markets and enjoying Paris. I saw many of the sights – the Eiffel Tower, the Opera – but not the secret signs from the Da Vinci Code which are scattered around Paris. That got me thinking about the markets. Lots of people think they have secret codes or [...]
Premier falls on failed well in Vietnam August 29, 2008 Shares in Premier Oil slumped 6 per cent yesterday, after the British-based oil explorer revealed that a Vietnam well it had been drilling had failed. The firm, led by chief executive Simon Lockett, said its Chim Cong well was being plugged and abandoned because “the oil flow rate achieved was marginal”. Its stock closed down [...]
ITV faces exit from FTSE 100 August 29, 2008 Mobile phone retailer Carphone Warehouse and broadcaster ITV are in danger of being ousted from the blue chip FTSE 100 at its next quarterly review. The two will join pub chain Enterprise Inns and Ukrainian iron ore producer Ferrexpo, which have both fallen below 111th position in the FTSE ranking, based on their market capitalisation, [...]
Plunge into a dark pool in the new era of trading platforms August 26, 2008 Project Turquoise is here, and promises to shake up the world of trading. But what does it mean for you?, asks Katie Hope Within two weeks, Project Turquoise will launch in full. The hotly awaited new trading platform set up by a consortium of nine investment banks, started quietly almost two weeks ago trading just [...]