Insurgents Allenby Capital and Beaufort Securities lead charge up Aim broker rankings August 2, 2015 Two small stockbroking firms have zipped up the Aim adviser rankings after winning more than a dozen new clients in the last three months. Allenby Capital and Beaufort Securities were the standout performers from the quarterly ranking of junior stock market listed brokers, according to a study out today. Allenby gained six new [...]
Stock market comeback mooted for London bus operator Arriva August 2, 2015 Arriva, the company which runs London’s distinctive Routemaster buses, could make a return to the London stock market five years after being privatised. The firm’s German owner Deutsche Bahn last week flagged it was open to a partial privatisation by selling a minority stake in the group, but vowed not to sell it outright. An [...]
Gym Group IPO: Fitness chain warms up ahead of a £300m London market listing August 2, 2015 The owners of low-cost fitness chain Gym Group are eyeing a £300m float on the London stock market just over a year after abandoning plans to merge with rival Pure Gym. Phoenix Equity Partners, which bought controlling stake in the business in 2013, is understood to have held talks with bankers regarding a potential market [...]
Thirty years of mosquitoes, failed trials and few financial rewards: The rocky road to creating the world’s first malaria vaccine August 2, 2015 “I screamed with joy and pulled up at the side of the highway, but when I tried to push the clutch and start the car I couldn't because I was too overwhelmed,” says Moncef Slaoui as he recalls the moment he found out all the bites, blood and days spent poring over lab results had [...]
Afren share price timeline: What went wrong? July 31, 2015 A torrid year for oil producer Afren came to a bitter end today when it called in the administrators, having failed to agree a new funding deal with lenders. The London-listed company – which was unceremoniously turfed out of the FTSE 250 earlier this year – is one of the first casualties of oil prices, [...]
Lloyds share price falls as profits come in below expectations while total PPI bill surges July 31, 2015 Shares in Lloyds were down 2.21 per cent this afternoon to 83.81p per share after profits missed expectations and it announced a £1.4bn provision to cover the cost of mis-selling payment protection insurance (PPI). The figures The state-backed bank said pre-tax profit rose 38 per cent to £1.19bn in the six months to the end of [...]
Oil producer Afren goes into administration July 31, 2015 The story of embattled oil producer Afren came to a sorry end today after the company called in the administrators, having been unable to agree a new funding deal with its lenders. "The board believes that all the possible routes have now been explored during the course of this process, which was subject to a [...]
Barclays cuts 150 investment bank jobs July 31, 2015 Barclays is planning to cut around 150 jobs in its investment banking arm, City PM understands. The cuts come shortly after chief executive Antony Jenkins was ousted by new chairman John McFarlane, who has earned the nickname "Mack the knife" thanks to his no-holds-barred approach to cutting headcounts. Deputy chairman Sir Mike Rake has also [...]
Uber invests $1bn in India to battle rival Ola July 31, 2015 Uber has announced a $1bn (£640m) investment in India, the ride-hailing app’s fastest-growing market. India is already Uber’s largest market outside the US, after it expanded to 18 cities in two years, posting 40 per cent month-on-month growth. The company will use the investment to expand further, putting it in direct competition with local taxi-hailing company [...]
JD Sports on course to smash consensus expectations July 31, 2015 JD Sports Fashion's share price jumped more than seven per cent this morning after revealing it expects pre-tax profits to come in 10 per cent ahead of market expectations. The retailer, which announced record annual profits before tax of £100m in April, said it would smash consensus market expectations. Analysts have been tipping [...]
