Dash to market as firms follow Saga to list in London May 22, 2014 LONDON’S stock market stampede hit full speed yesterday as a clutch of Britain’s best known companies announced their intention to float, despite concerns over saturation in the new issues market. Property website Zoopla and high street store B&M Retail both unveiled blockbuster floats, while over-50s insurance and holiday provider Saga priced its initial public offering [...]
Saga customers get float off to a healthy start May 19, 2014 SAGA customers have subscribed for enough shares in the insurance to holidays group to cover the £500m of new money it hopes to raise in its upcoming flotation. Books for the retail element of the deal do not close until tonight but already bankers have been reporting healthy interest. Institutional investors will be able to [...]
Betters tip Saga stock for strong rise after float May 12, 2014 INSURANCE and consumer services group Saga could be worth up to £2.92bn, well above the expected flotation valuation of £2bn to £2.5bn, according to trades on IG’s grey market in recent days. If the traders are correct, Saga will join other recent initial public offerings (IPO) including Royal Mail, Twitter and Boohoo where the share’s [...]
Saga outlines plan to sell half of firm to public if demand is high May 8, 2014 OVER-50s holiday and insurance provider Saga could sell up to half of the business to retail and institutional investors if the company prices its forthcoming float on London’s stock market at the top end of its 185p to 245p price range. The business, which was originally listed in London in 1978 before being taken private [...]
Saga puts retail investor at heart of London float April 30, 2014 SAGA, the over-50s holidays-to-insurance provider, yesterday unveiled plans for the biggest flotation in London this year, as a stampede of silver haired savers registered to snap up shares in the listing. The business, which was founded by east end hotelier Sidney De Haan in 1950, said it would raise £550m in an initial public offering [...]
Saga confirms £550m IPO plans April 30, 2014 Over 50s travel specialist Saga has confirmed this morning that it’s planning to go ahead and float on the London Stock Exchange. The firm, which also sells insurance and has 2.1m customers, joins a growing line of other companies going to market. It’s said it’s looking to raise net proceeds of £550m through its initial [...]
Retail investors drive Saga float towards £3bn April 23, 2014 INSURER Saga is set to put retail investors at the heart of the largest UK stock market float since Royal Mail, as it gears up to publish plans to list the firm in London as early as next week. Saga’s owner Acromas, which also owns the AA, is preparing to offload as much as £1.5bn [...]
Saga tests water with customers for market float January 20, 2014 SAGA, the over-50s insurer, has appointed Bank of America Merrill Lynch to help plot a share offering for its 2.7m customers as part of a mooted £3bn stock market float. The cruise ship specialist, which is led by boss Andrew Goodsell, will test the water with customers this week to gauge interest in the plan [...]
Saga poaches Domino’s Pizza boss Batchelor December 9, 2013 PRIVATE equity-backed insurer Saga yesterday named Domino’s Pizza boss Lance Batchelor as its new chief executive. Batchelor, a former Royal Navy submarine officer and Domino’s chief executive since December 2011, will leave the fast food chain in April to join Saga, almost four years after he first joined Domino’s as a non-executive director. Batchelor’s departure [...]