Jimmy Choo inches higher on LSE debut

Jimmy Choo inched higher on its London stockmarket debut, watched closely by even the least fashion-conscious of bankers after a flurry of cancelled listings across Europe.

The luxury shoemaker’s stock market performance is viewed by many as a test of whether upcoming offerings can withstand the economic weakness and attendant market turbulence that prompted France’s Spie and Italy’s Intercos to pull their proposed listings last week, with Richard Branson’s Virgin Money following suit.

“All transactions are on a daily watch,” one senior banker involved in new share issues said.