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...Phil Cann, executive director for retail capital markets at CBRE, said the move into ownership reflects a spike in rents....
...The flotation plans would make a paper multi-millionaire of Tony Cann, Promethean’s founder. Smart Technologies, Promethean’s larger Canadian-based rival, is also considering an IPO, the FT said....
...Tony Cann, Promethean’s founder, is not expected to sell any of his 55 per cent stake. But the company plans to use much of its £250m of IPO proceeds to repay loans....
...Mr Cann founded Promethean in 1996 and still owns about 50 per cent of the business. It is chaired by Graham Howe, one of the founders of Orange, the mobile phone operator....
...The list of other BP hopefuls includes: Iain Cann, head of safety and environment; John Manzoni, head of refining and marketing; Andrew Inglis, Mr Hayward’s deputy; and Robert Dudley, chief executive of...
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