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18/02/2014
Poundland To Get LSE Floatation
The high street discount store Poundland is to float on the London Stock Exchange.
It is understood that shares in the company are to be offered to institutional investors but it is not yet known how much Poundland hope to make in the sale.
Seventy six percent of the company's 530 stores in owned by Warburg Pincus, a private equity investment firm, with the remaining 24% owned by senior management.
In 2013 the company's revenue rose to £880.5 million, up from 641.5m in 2011.
(MH)
It is understood that shares in the company are to be offered to institutional investors but it is not yet known how much Poundland hope to make in the sale.
Seventy six percent of the company's 530 stores in owned by Warburg Pincus, a private equity investment firm, with the remaining 24% owned by senior management.
In 2013 the company's revenue rose to £880.5 million, up from 641.5m in 2011.
(MH)
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Northern Ireland WeatherToday:Gale, coastal severe gale, northwest winds ease from late afternoon. Scattered showers will fall as snow over the hills at first, becoming isolated from mid-afternoon. Maximum temperature 7 °C.Tonight:Showers, scattered in the evening, will clear by midnight leaving the night dry with clear spells. Cloud will spread east towards morning. Minimum temperature 2 °C.
