PRESS DIGEST - British business - June 17
By : The Times
Date posted :2009-06-16 22:03:00
OCADO COULD BRING 130 MLN POUNDS TO OWNERS IN FLOAT NEXT.
The online grocery retailer Ocado has announced that it may float on the stock exchange in 2010. This news has surprised many, as the co-founder of the business Jason Gissing ridiculed the idea of such a move as recently as last year; however, he said that he had become more enthusiastic about the idea after the IPO of OpenTable, an online restaurant booking service in the US that managed to float and still break even.
RBS CHIEF SEES GREEN SHOOTS BUT ISSUES "FROST" WARNING
Stephen Hester has warned that whilst the worldwide financial economy is recovering, the losses from loans secured against property in the banking sector could hamper growth for years. The chief executive of the Royal Bank of Scotland (RBS.L) said that signs of a rejuvenated economy were still insecure and dependent on a falling demand for credit by consumers. "Sometimes the first green shoots suffer from frost and are the first to die", he remarked.
TRAVELODGE PLANS 100 MILLION POUND FUND TO SNAP UP STRUGGLING.
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