IP Group hails positive results from portfolio company's clinical trial
23rd Jun 2014 07:39
IP Group said that its part-owned portfolio company Diurnal has announced positive results from a Phase 2 clinical trial for its treatment of the rare disease Congenital Adrenal Hyperplasia (CAH). IP Group, which develops intellectual property-based businesses, holds a 41.8% interest in Diurnal, wh
Read moreIP Group appoints new Chief Operating Officer
23rd Apr 2014 08:33
IP Group, the university spin-out developer, has appointed a new Chief Operating Officer. David Baynes, who was previously Chief Executive Officer of Fusion IP, which IP Group acquired last month, has been appointed to the role and will aid the process of integrating the firm into the wider group.
Read moreIP Group agrees Princeton deal
9th Apr 2014 07:16
University venture capital partner IP Group has agreed a pilot intellectual property commercialisation collaboration with Princeton University The collaboration has been agreed for an initial 18 months and will focus on developing early-stage, proof-of-principle opportunities based on intellectual
Read moreWednesday broker round-up UPDATE
2nd Apr 2014 08:48
Aberdeen Asset Management: Canaccord Genuity reduces target price from 540p to 460p, while its buy recommendation is kept. Anglo American: JP Morgan ups target price from 1260p to 1300p, while leaving its underweight rating unchanged. Aviva: JP Morgan raises target price from 528p to 570p maintain
Read moreIP Group completes acquisition of Fusion IP
20th Mar 2014 08:59
IP Group has completed the acquisition of Fusion IP, it announced Thursday. The purchase, the process for which was initiated in late January, reached its conclusion after the offer was completed by way of a scheme of arrangement, which became effective on Wednesday. Since then, David Baynes ha
Read moreIP Group posts record results for 2013
4th Mar 2014 09:07
Shares in IP Group, which develops intellectual property based businesses, rose strongly on Tuesday morning after the group posted a leap in adjusted pre-tax profit for the year ended December 31st. In a record year for FTSE 250-listed IP, earnings rose to £77.6m (2012: £46.7m), on revenue of £85.
Read moreFTSE 250 movers: IP Group jumps on IPO of portfolio group Xeros
21st Feb 2014 13:57
Intellectual property company IP Group soared after announcing plans to float its portfolio company Xeros on the AIM market. Around a third of washing machine firm Xeros will be put up for sale, which is expected to raise between £30-40m. IP believes it will allow Xeros to "accelerate the roll-out
Read moreIP Group's portfolio firm Xeros announces intention to float
21st Feb 2014 10:07
Intellectual property company IP Group said its portfolio company Xeros has announced its intention to float on AIM. Washing machine firm Xeros, which has developed a patented polymer bead cleaner system for multiple commercial applications, plans to raise funds ahead of the admission. IP believe
Read moreFTSE 250 movers: Lancashire falls as profits dip
13th Feb 2014 15:32
Shares in specialty insurance group Lancashire Holdings sank today as the group revealed that the combination of a number of energy losses and developments, the European hail and flood events, and adverse developments on the Costa Concordia maritime loss had resulted in a full-year profit reduction.
Read moreIP Group investment begins trading on AIM
13th Feb 2014 10:30
Shares in IP Group's 29.9 per cent-owned firm, Actual Experience, began trading on AIM on Thursday. Actual Experience operates as an "analytics as a service" company and is a spin-out from Queen Mary, part of the University of London. It was founded in 2009. IP Group's holding in the company total
Read moreIP Group increases capital raising after strong demand for stock
13th Feb 2014 09:46
IP Group has raised one hundred million pounds following a placing, open offer and subscription for 60.6m shares. The group said demand for the shares had been "significantly" above its initial proposal, and consequently increased the amount raised from the originally planned £75m. Chief Executi
Read moreIP Group extends agreement with The University of Manchester
27th Jan 2014 07:50
Intellectual property company IP Group has extended its commercialisation agreement with The University of Manchester to include proof-of-principle funding for graphene projects. IP intends to commit a further £2.5m of funding, bringing the total to £7.5m, under the new agreement which has been ex
Read moreIP Group hails success of Oxford Nanopore research programme
24th Jan 2014 11:45
FTSE 250-listed IP Group, which develops intellectual property based businesses, has revealed the research programme of its subsidiary Oxford Nanopore Technology was 'heavily' oversubscribed. The programme has been set up to give life science researchers access to nanopore sequencing technology at
Read moreIP Group buys remaining stake in Fusion IP
23rd Jan 2014 15:44
IP Group said it has agreed to buy the 80 per cent stake in Fusion IP it does not already own for around 70m pounds. Under the deal, Fusion IP shareholders will receive 0.446 IP Group shares for every share held. The deal values Fusion IP about £87.8m, or 80.2p per share. IP Group, a British-bas
Read moreFTSE 250 movers: Imagination Tech extends recent declines
23rd Jan 2014 15:25
Imagination Technologies Group was once again a big faller despite Liberum Capital recommending investors buy the stock, saying it was 'overhyped on the way up and has been oversold on the way down'. The share price has fallen from 552p in March 2013 to its current level of less than 193p. IP Grou
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