IP Group unveils new venture capital fund
23rd May 2013 09:53
IP Group, the developer of intellectual property-based businesses, has established a 30m-pound venture capital fund, IP Venture Fund II, in partnership with the European Investment Fund (the EIF). The group said that IP Venture Fund II would be expected to invest alongside IP Group in new spin-out
Read moreIP Group posts rise in fair value of portfolio
16th May 2013 11:12
IP Group, which develops intellectual property (IP) based businesses, failed to impress investors on Thursday, despite reporting an increase in the fair value of the group's portfolio. The value came to £201.9m at May 15th, compared to £181.8m at December 31st, a net unrealised fair value increase
Read moreXstrata CFO trades in more shares
16th Apr 2013 15:58
Trevor Reid, the outgoing Chief Financial Officer at mining giant Xstrata, has sold 23,143 shares in the company ahead of his departure, which will take place at the time of the group's merger with Glencore. The shares were disposed of at 1,029p each, earning the director a total of £238,141. Th
Read moreIP Group welcomes placing by Fusion IP
25th Mar 2013 15:17
IP Group, which develops intellectual property (IP) based businesses, has said its part-owned subsidiary, Fusion IP, a university IP commercialisation company, has conditionally raised 20m pounds through the placing of shares at 55p each. IP Group has subscribed for 3.045m shares, representing an
Read moreIP Group portfolio company Xeros secures 10m pounds in funding
11th Mar 2013 08:07
FTSE 250-listed IP Group, the intellectual property commercialisation company which develops technology innovations primarily from its partner universities, has reported that portfolio company Xeros, has completed 10m pounds fundraising from existing and new investors. Invesco Perpetual managed fun
Read morePortfolio realisations underpin strong growth at IP Group
5th Mar 2013 09:51
Net assets rose 19 per cent to 263.1m pounds in the year ended December 31st at FTSE 250-listed intellectual property-based businesses developer IP Group. The group reported that net cash and deposits contracted to £47.9m from £60.5m one year earlier. Meanwhile, adjusted profit before tax soared to
Read moreTuesday broker round-up UPDATE
5th Mar 2013 07:15
Abcam: Investec raises target price from 466p to 484p and keeps a buy recommendation. Numis revises target price from 470p to 530p and maintains its buy ratng. Access Intelligence: Merchant Securities initiates with a target price of 7p and a buy recommendation. Amlin: Canaccord Genuity raises tar
Read moreIP Group shakes hands on deal with Manchester University
26th Feb 2013 07:57
IP Group, which develops intellectual property based businesses, has signed a commercialisation agreement with the University of Manchester to create a proof of principle funding facility for the identification and formation of new spin-out companies. The company will make available an initial fac
Read moreTuesday broker round-up UPDATE
27th Nov 2012 07:19
Aberdeen Asset Management: Citigroup raises target price from 320p to 345p and downgrades to neutral. JP Morgan raises target price from 330p to 414p, overweight rating unchanged. Credit Suisse moves target price from 323p to 380p, outperform rating kept. Exane BNP Paribas raises target price from 3
Read morePortfolio gains for IP Group
25th Oct 2012 08:05
Intellectual property development firm IP Group said its portfolio produced a net unrealised fair value gain of 7m pounds since its half year results in June. The group, which was founded in 2001 and has been trading as a listed company since 2003, said as at October 22nd 2012, the fair value of t
Read moreIP Group's heart rate rises at webcam invention
18th Sep 2012 07:24
IP Group, which invests in intellectual property based businesses, is to pump money into a firm producing a webcam that monitors people's vital signs. The company, Oxehealth, has been spun out of Oxford University's Institute of Biomedical Engineering. IP Group's full £500,000 investment is subjec
Read moreIP Group reports half year profit
21st Aug 2012 07:12
FTSE 250 intellectual property development firm IP Group reported an adjusted half year pre-tax profit versus a loss the previous year as net assets increased. The group, which recently announced the proposed acquisition of Proximagen Group, also said it expects full-year revenues in excess of £8.5
Read moreLondon close: Shareholder spring moves into summer at WPP
13th Jun 2012 17:08
It was an up and down day for the Footsie although the top-share index rarely strayed far from the previous day's closing value. The so-called "shareholder spring" of protest votes against bumper pay packages for executives continued with perhaps the biggest slap in the face so far, as 60% of votes
Read moreLondon midday: Bids add spice to bland market
13th Jun 2012 12:12
With Spanish government bond yields rising to all-time highs in the Eurozone era, Footsie is back to square one after a confident start. There are no major UK economic indicators today to provide direction and not a lot of corporate news flow either, adding to the general air of ennui. Supermarke
Read moreLondon open: London rises on Wall Street tailwinds
13th Jun 2012 08:40
Taking their lead from US and Asian markets, London's leading stocks have opened on the front foot. Wall Street rebounded strongly yesterday on hopes that the US Federal reserve might do a bit more to stimulate the US economy. Federal Reserve Bank of Chicago President Charles Evans, speaking in an
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