View more on these topics flops in LSE debut flopped yesterday when it debuted on the London Stock Exchange, with its shares losing £70m.

The price comparison site issued shares at 170p, the bottom limit in the 170-210p predicted range, which shortly dropped a significant 16p to 154p. They later made up 4p to close at 158p.

The float was the world’s biggest internet flotation since Google three years ago.

The website, which offers price comparisons on financial products including protection, mortgages and credit cards as well as flights, mobile phones and general insurance, confirmed its intention to float in late June and experts expected it to be worth £1bn. attracted approximately 64 million visitors and approximately 523 million page impressions in the year ended 31 December 2006.


Fund Isa sales fall 43 per cent year on year

Sales of UK investment fund Isas plunged 43 per cent year on year in June from £191m to £109 million, according to Investment Management Association statistics. IMA research also reveals sales in June were 20 per cent less than the previous month and overseas Isa assets fell 1.9 per cent from May’s levels to £259 […]

RDR arguments rattle on

A month into the Retail Distribution Review consultation and the arguments surrounding the controversial issue of remuneration are being developed by the industry ahead of a long hard summer and autumn of lobbying.


News and expert analysis straight to your inbox

Sign up


    Leave a comment