Malcolm Walker’s many lives: How Iceland hopes to fight off profit slump June 10, 2015 Malcolm Walker has more business lives than a cat. He built his frozen food empire Iceland from a humble shop in Shropshire in 1970 into a £2bn turnover business 30 years later, before hitting a financial iceberg. Walker was forced to step down as chairman in 2001 after the Financial Services Authority launched an [...]
Cairn Homes IPO: Firm becomes first Irish housebuilder to float in 20 years June 10, 2015 The first Irish housebuilder to list in London for over two decades made its debut yesterday, with shares rising over five per cent. Cairn Homes, a venture set up last year by Alan McIntosh and Michael Stanley, raised €384.9m (£280m) from investors after fees, giving it a market cap of €429.7m. Separately, McIntosh and Stanley [...]
UK aerospace and defence sector flies high amid booming sales June 10, 2015 The UK aerospace and defence sector enjoyed a record year last year, with industry pundits predicting the boom times will be here for a while. The UK currently controls 17 per cent of the sector’s market share – second only to the US. “We are in a global growth market which could top £3.6 [...]
FirstGroup share price rises after US progress helps offset UK rail losses June 10, 2015 Shares in bus and rail operator FirstGroup closed up 6.37 per cent yesterday, after it announced positive results. It announced adjusted profit before tax of £163.9m, and adjusted operating profit of £303.6m for the year ending March 31. The group’s rail business in the UK rail has suffered after it failed to win contracts to [...]
Box share price soars on strong revenue and user growth June 10, 2015 Box's revenue increased substantially in the first quarter and investors are very happy The figures The online storage company's revenue was $65.6m (£42.24m) the first quarter – a 45 per cent increase on the equivalent period last year. Net loss per share was also better at $0.28 on 119.4 million shares outstanding – a [...]
Flybe recovery hits turbulence as it makes loss and revenue falls June 10, 2015 Budget carrier Flybe announced a fall in profit and revenue, despite making more money per passenger, and increased the the amount of capacity it is using. It announced a lost before tax of £35.6m for the year ending March 31, after a profit of £8.1m the year before. Revenue was down to £574.1m, a [...]
Netflix share price rockets on share split plan June 10, 2015 Shares in Netflix have reached a record high after the company revealed its share split plan at yesterday's annual shareholder meeting. Voters approved a plan that allows the internet streaming service to split its shares, paving the way for a 30-fold increase in outstanding shares to 5bn – a big rise from the current 170m. [...]
UK Oil and Gas Investments’s share sale raises £6m June 10, 2015 UK Oil and Gas Investments (UKOG) has raised £6m to fund its oil exploration in the Weald Basin. The Aim-listed company placed more than 200m ordinary shares at 2.25 pence per share. Ukog shares fell as much as six per cent to 2.35 pence per share in Tuesday trading, after the company confirmed it's in [...]
Krispy Kreme June 10, 2015 The findings Why it's interesting What Krispy Klreme said In short In September last year – DOUGHNUT retailer Krispy Kreme yesterday reported that its quarterly earnings rose 22 per cent as it posted stronger revenue, driven by sales at locations open more than 18 months. [...]
London IPOs are down 43 per cent by volume from last year as JP Morgan wins battle of the bookrunners June 10, 2015 The volume of IPOs in London has hit $6.9bn (£4.4bn) so far this year – that's 43 per cent lower than this time last year. The 22 flotations which have taken place in London so far this year – which include Auto Trader's £2bn IPO, Revolution Bars' £100m listing and that hair-raising IPO of Integrated [...]
