(Alliance News) - Stocks were called lower on Friday ahead of the US Fed's preferred inflation gauge, the personal consumption expenditures reading, this afternoon. Read More
(Alliance News) - IP Group PLC on Monday said it has agreed the sale of minority holdings in nine portfolio to a new fund managed by Lexham Capital Partners Ltd for around GBP15 million. Read More
(Alliance News) - IP Group PLC on Monday said that its portfolio company, AMSL Aero Pty Ltd, has completed the first free flight of Vertiia, Australia's first passenger-capable, emission-free electric vertical take-off and landing aircraft. Read More
IP Group PLC - London-based active investor in early stage science companies - Extends share buyback by GBP10 million, having completed a GBP20 million repurchase last month. IP Group bought back 45.5 million shares at an average price of 43.96 pence in the recent buyback, which was launched in December last year. All the shares were put into treasury and cancelled, together with 29.7 million shares previously repurchased. IP Group now has 995.9 million shares in issue for a market capitalisation of GBP493.9 million. The new buyback will be run by Deutsche Numis and be completed by the end of December. Read More
(Alliance News) - Visa Inc on Thursday announced it has agreed to acquire a developer of artificial intelligence payments protection technology for an undisclosed sum, providing a boost to London-listed investors. Read More
(Alliance News) - IP Group PLC on Tuesday said that the overall market environment for growth companies remained challenging but said it was noting improvements in market sentiment. Read More
(Alliance News) - easyJet PLC's return to the FTSE 100 threatens to be short-lived, while a slump in Burberry Group PLC shares will result in the luxury brand relinquishing its top-tier status, according to indicative index changes by FTSE Russell on Tuesday. Read More
IP Group PLC - London-based active investor in early stage science companies - Increases share buyback by GBP10 million to GBP30 million, after cash proceeds from investment exits so far in 2024 already exceed the total for all of 2023. Since December, IP Group has bought back 29 million shares, 3% of its total, for a combined GBP13 million. It has received GBP43 million in cash from exits so far in 2024, the majority of which came from the sale of Garrison Technology Ltd. It also notes that London-listed portfolio firm Intelligent Ultrasound Group PLC will make a "material return of capital" following a recent disposal of its own. Read More
IP Group PLC - London-based intellectual property company investing in technology - Reports all annual general meeting motions pass, but resolution to re-elect Heejae Chae as non-executive director receives opposition from just under 22% of investors. Read More
IP Group PLC - London-based intellectual property company investing in technology - Receives cash consideration from acquisition of portfolio company Garrison Technology Ltd by US cybersecurity firm Everfox. IP Group to receive cash consideration not affecting its net asset value. Says more information to be provided in due course. Read More
IP Group PLC - invests in companies pursuing breakthrough science - Portfolio company Hysata Pty Ltd completes USD111.3 million series B funding round. Hysata is developing electrolysers to produce green hydrogen efficiently. It will use the fresh cash to advance product development and expand production capacity at its manufacturing facility in Wollongong, New South Wales, Australia, as it focuses on "reaching gigawatt scale manufacturing". The funding round, which Hysata calls "the largest series B in Australian clean tech history", is led by bp Ventures, part of oil major BP PLC, and private equity firm Templewater Ltd, a spin-off from Investec PLC. Read More
(Alliance News) - The following London-listed shares received analyst recommendations Friday morning and Thursday: Read More
(Alliance News) - IP Group PLC on Wednesday reported a slowed decline in net asset value, citing global issues such as supply chain disruptions and inflation and interest rate trends. Read More
(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning and Tuesday: Read More
IP Group PLC - invests in companies pursuing breakthrough science and innovation, such as Oxford Nanopore Technologies PLC - Expects net asset value per share on December 31 to fall to between 111 pence and 117p, from 132.9p a year earlier. Says this is due to the market environment for early-stage investing "remaining challenging in 2023 and, against this backdrop, we saw some further softening of valuations in the final quarter of 2023". Also says: "Within this context, many of the group's leading portfolio companies made strong progress, with some significant inflection points expected in 2024." Expects to announce its 2023 results on March 13. Read More
(Alliance News) - The following London-listed shares received analyst recommendations Tuesday morning: Read More
IP Group PLC - invests in companies pursuing breakthrough science and innovation, such as Oxford Nanopore Technologies PLC - Notes its participation in a follow-on portfolio company funding round. Anticipates a net unrealised fair value gain of around GBP40 million or 4 pence per share as a result. Commits a total of USD15 million to the round, with completion expected in mid-January, though this is subject to certain conditions. Adds that it anticipates the gain for the transaction will be offset by other fair value reductions in its portfolio. However, it is "too early" to provide guidance on the carrying values of its portfolio companies at year-end. Read More
(Alliance News) - Stock prices in London closed higher on Monday, after investors shrugged off hawkish comments from US Federal Reserve officials amid festive cheer. Read More