LONDON BROKER RATINGS: UBS raises GSK and cuts AstraZeneca
16th Jan 2024 09:14
(Alliance News) - The following London-listed shares received analyst recommendations Tuesday morning: 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
IP Group PLC - invests in companies pursuing breakthrough science and innovation, such as Oxford Nanopore Technologies PLC - Launches on Monday a share buyback worth up to GBP20 million. The programme conducted by Deutsche Numis, part of Deutche Bank AG, will run until the end of 2024. IP Group says it has gross cash of GBP235 million as of November 30, following GBP38 million in cash realisations. At the same time, the company notes the discount of its share price to net asset value, which was reported at 126.7 pence per share at the half-year stage of 2023 on June 30. Read More
IP Group PLC - Oxford, England-based intellectual property commercialisation - Says portfolio company Autifony Therapeutics Ltd has signed a deal with Jazz Pharmaceuticals PLC worth up to USD770 million for drug discovery and preclinical development on two ion channel targets associated with neurological disorders. Jazz will lead clinical development, manufacturing and regulatory activities and commercialisation once preclinical development is finalised. IP Group holds a 26% stake in Autifony, valued at GBP4.6 million. Read More
(Alliance News) - IP Group PLC on Wednesday reported a decline in its net asset value per share, but pretax loss narrowed in its half year despite the "challenging" economic environment. Read More
<div class="kv-propertyview-value view-field en kv-propertiesview-container"><table style="width: 461px;" border="0" cellspacing="0" cellpadding="0"><colgroup><col width="294" /> <col width="167" /> </colgroup><tbody><tr><td class="xl67" width="294" height="20"><strong>Friday 16 June</strong></td><td width="167"> </td></tr><tr><td class="xl68" height="20">Andrews Sykes Group PLC</td><td class="xl68">dividend payment date</td></tr><tr><td class="xl68" height="20">Aptitude Software Group PLC</td><td class="xl68">dividend payment date</td></tr><tr><td class="xl68" height="20">Burford Capital Ltd</td><td class="xl68">dividend payment date</td></tr><tr><td class="xl68" height="20">FRP Advisory Group PLC</td><td class="xl68">dividend payment date</td></tr><tr><td class="xl68" height="20">Lookers PLC</td><td class="xl68">dividend payment date</td></tr><tr><td class="xl68" height="20">Midwich Group PLC</td><td class="xl68">dividend payment date</td></tr><tr><td class="xl68" height="20">MP 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IP Group PLC - Oxford, England-based intellectual property commercialisation - Remains "well financed" in the first half of 2023, noting a gross cash and deposits of GBP260 million at June 14, up 7.7% from GBP241.5 million in 2022. Says this results from a GBP60 million debt drawdown. Adds it has invested a total of GBP51 million into its portfolio and cites "notable investments" into 10 existing portfolio companies. Realisations are in line with its expectations, totalling GBP31 million in the year to date. Holding annual general meeting on Thursday. Recommends a final dividend of 0.76 pence per share. If approved at AGM, this will bring the total dividend for 2022 to 1.26p per share, up 5.0% from 1.20p per share in 2021. Read More
(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning and Tuesday: Read More
SysGroup PLC - Liverpool-based IT services and cloud-hosting provider - Says Chief Executive Officer Adam Binks will step down following publication of annual results on June 26. He will remain as a consultant for six months "to ensure the orderly and smooth transition of his responsibilities." Also on June 26, Heejae Chae will join as executive chair and "take day-to-day responsibility" for running SysGroup. Chae was previously CEO of Scapa Group PLC and Volex PLC, and is chair of the remuneration committee at IP Group PLC. Following Chae's appointment, current Non-Executive Chair Michael Edelson will step down to become a non-executive director. Edelson plans to retire following next annual general meeting in September. Read More
(Alliance News) - The following London-listed shares received analyst recommendations Friday morning and Thursday: Read More
(Alliance News) - The following is a round-up of updates on exposure to Silicon Valley Bank by London-listed companies, issued on Monday and not separately reported by Alliance News: Read More
(Alliance News) - IP Group PLC on Wednesday announced it turned to a loss in 2022 as its investments lost value. Read More
(Alliance News) - IP Group PLC on Tuesday said portfolio company AMSL Aero saw its all-electric aircraft take its maiden flight. Read More
(Alliance News) - Hambro Perks Acquisition Co Ltd on Monday responded to press speculation, saying it will not merge with Istesso Ltd, a London-based chronic disease drug developer that is majority owned by IP Group PLC, an Oxford, England-based intellectual property commercialisation company. Read More