Yu Group valued at £26m after being significantly oversubscribed ahead of IPO for Aim listing March 14, 2016 Gas and electricity supplier Yü Energy has priced its shares 185p, valuing the firm at £26m, ahead of its launch on Aim this Thursday. Yü, which supplies energy to small and medium-sized businesses, said it had been "significantly oversubscribed" in its placing with institutional investors. Shore Capital is Nomad and sole broker. The total placing, including the share sale, [...]
Yu Energy, a gas and electricity company aimed at providing services to SMEs , IPO oversubscribed after it announced its intention to float on the London Stock Exchange last month March 14, 2016 Yu Energy appears to be in hot demand as the energy supplier has found itself oversubscribed for the IPO it announced less than a month ago. The company, which focuses on providing SMEs with gas and electricity, has today revealed its placing price of 185p per ordinary share after raising £10m. "We have been delighted [...]
Know your audience: Quantcast CEO Konrad Feldman talks starting out in Silicon Valley and IPO March 14, 2016 Over the last decade, the marketing industry has laid down its scatter-gun and embraced big data, creating a virtuous circle which promises to make the ecosystem more efficient. Extant viewability issues aside, marketers can reach those likely to buy their products, publishers can monetise better, and consumers, in theory, are served ads they are likely [...]
Fashion chain Jigsaw takes piece of West End after signing up to the Crown Estate and Oxford Properties’ £400m St James’s Market scheme March 14, 2016 Jigsaw has become the latest retailer to sign up to the Crown Estate and Oxford Properties’ £400m St James’s Market scheme. The fashion chain will open a 3,000 square feet shop last this year joining Swedish cycling brand Assos, Smeg and office tenants such as private equity Carlyle Group. Jigsaw's so-called Emporium will include 1,000 sq ft for its [...]
Footfall dips in February as shoppers abandon shopping centres and high streets March 14, 2016 Consumers flocked to retail parks in February but shunned high streets and shopping centres, according to data out today. Visitors to UK shops dropped by 1.1 per cent in February – an abrupt reversal of the 1.2 per cent rise seen in January, the British Retail Consortium (BRC) and Springboard said. High streets and shopping [...]
Steel sector jobs could be saved by government March 13, 2016 The government is working with private equity fund Greybull on a deal to save 4,000 jobs at Tata’s Scunthorpe steelworks. The department for business, innovation and skills (BIS) is negotiating with both Tata Steel and Greybull to finalise a deal ahead of a 31 March deadline that could see the government taking a stake in [...]
Norwegian oil fund parts with Pimco amid market volatility March 13, 2016 The world's largest sovereign wealth fund has parted ways with bond giant Pimco as it seeks to overhaul its investment strategy. The Norwegian Sovereign Wealth Fund pulled its money last year amid widespread investor concerns over underperformance at some of Pimco’s largest fixed income funds. The loss of the fund as an investor is the latest [...]
AstraZeneca facing a shareholder revolt over performance targets March 13, 2016 Shareholders of drug giant AstraZeneca are gearing up for a revolt at the firm’s annual meeting next month after chief executive Pascal Soriot was handed £8.4m in pay last year. AstraZeneca will come under fire for not writing a key revenue target into Soriot’s bonus package. The pharmaceuticals group has revealed that Soriot’s pay more [...]
Bond Apocalypse Now: Is the end nigh for bond investment as M&G reveals high levels of outflows in its most recent results? March 13, 2016 The UK bond market is sitting on a bed of nitroglycerine, according to Bill Gross, one of the world’s most pre-eminent bond investors. Or at least, that was his prognosis in January 2010, since which time UK government bonds have returned over six per cent a year and yields on the benchmark 10 year gilt have [...]
Sir Martin Sorrell’s salary: How long would it take you to earn the WPP boss’s proposed £70m pay? March 13, 2016 Sir Martin Sorrell, the highest paid boss of the FTSE as chief of advertising giant WPP, is in line for an even bigger bumper payout that will leave him earning a more-than healthy £190,000 each day. Assuming a 12 hour working day, that potential £70m would be the equivalent of more than £15,000 per hour – more than the [...]