(Alliance News) - Stock prices in London closed higher on Friday, with markets maintaining the optimism that prevailed after US President Donald Trump said on Wednesday that it was "highly unlikely" that he would fire Federal Reserve Chair Jerome Powell. Read More
(Alliance News) - Sure Ventures PLC on Friday reported a "remarkable turnaround" during its most recent financial year, as it swung to profit following two exits from its Fund I portfolio. Read More
(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Friday and not separately reported by Alliance News: Read More
(Alliance News) - Mindflair PLC on Monday said it has agreed to sell a minority position in Visibility Blockchain Ltd, or Getvisibility. Read More
(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Thursday and not separately reported by Alliance News: Read More
(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News: Read More
Sure Ventures PLC - venture capital fund backing early-stage artificial intelligence, augmented and virtual reality, and internet of things companies - Raises gross proceeds of GBP250,000 through private placing at 82 pence per share, representing issue of 304,878 new shares. Says proceeds will be used for a mix of working capital purposes, further investments and follow on investment in Sure Valley Ventures and the Sure Valley Ventures UK Software technology fund. Read More
Tern PLC - London-based 'internet of things' technology investor - Says it has invested GBP175,000 into Sure Ventures PLC shares, to be issued as part of a Sure Venture placing for up to around GBP275,000. Tern will acquire 213,414 shares in the venture capital fund specialising in early-stage software companies at 82 pence each, in line with the mid-market closing price of Sure Ventures' shares on December 31. Tern will hold around a 2.7% stake in Sure Ventures after shares have been admitted to the London Stock Exchange on January 8. Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News: Read More
Mindflair PLC - invests in next generation technology focused on artificial intelligence - Notes trading update made by its investee company, Sure Ventures PLC, a London listed venture capital fund which invests in early stage software companies. Mindflair has a 23.8% shareholding in Sure Ventures and Sure Ventures has a 25.9% interest in Sure Valley Ventures, in which Mindflair has a 13% direct investment. Consequently, Mindflair has a combined direct and indirect interest in SVV1 of circa 19%. The current net asset value per share of the Sure Valley Ventures Fund as of the second quarter is EUR 2.02 which is an 85% increase from its NAV in the first quarter. Read More
(Alliance News) - Mindflair PLC increased its holding in fellow London listing Sure Ventures PLC, the two companies said on Monday, as both raised fresh funds. Read More
(Alliance News) - Sure Ventures PLC on Wednesday said that Infinite Reality Ltd has agreed to buy Landvault Ltd for USD450 million in an all-share transaction. Read More
(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Monday and Tuesday and not separately reported by Alliance News: Read More
(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News: Read More
Sure Ventures PLC - London-based venture capital fund - Updates on the company's investment portfolio. Says net asset value at the end of June 2023 was 115.4 pence, a 3.7% decrease from 119.81p per share reported at the end of March. "As quarters of the past have gone, the second quarter period was quiet and unchanged. The small decrease in the NAV was led by small negative FX movement and the costs & fees of running the PLC. There has been some great progress from our portfolio companies, in difficult global trading conditions and we are pleased with the direction," company says. Read More
(Alliance News) - Sure Ventures PLC on Monday said it raised GBP200,000 via a private placing of new shares to be used for further investments and general working capital purposes. Read More
Sure Ventures PLC - London-based venture capital fund which invests in early-stage software companies in the rapidly growing areas of augmented reality, virtual reality, internet of things and artificial intelligence - Net asset value as at March 31 falls 7.1% annually to 119.81p from 128.91p, citing higher inflation and higher interest rates. NAV total return swings to negative 7.1% from positive 40% a year prior, but broadly is in line with expectations, firm says. Declares no dividend, unchanged. Looking ahead, Chair Perry Wilson says the portfolio construction of Fund 1 is now complete and "at the realization stage with several companies attracting interest from potential suitors". Further, Chair Wilson says company is confident that it is well placed to benefit from the surge of interest in artificial intelligence. Read More
Sure Ventures PLC - London-based venture capital fund which invests in early-stage software companies in the rapidly growing areas of augmented reality, virtual reality, internet of things and artificial intelligence - Makes EUR7 million commitment to Sure Valley Ventures Fund, representing an interest of 26%. Sure Valley has several investments across the AI, AR, VR and IoT sectors, the company says. Read More