London midday: Markets slip after China data, Pearson tumbles
23rd Jan 2014 11:25
- Chinese manufacturing unexpectedly contracts - PMI figures from Eurozone beat forecasts - Raft of US data due out later on - Pearson and easyJet drop after updates, M&S upgraded techMARK 2,848.63 +0.02% FTSE 100 6,811.34 -0.22% FTSE 250 16,125.92 -0.13% After a subdued start, the FTSE 100 turned
Read moreLondon open: Markets flat after mixed data from China, Europe
23rd Jan 2014 08:50
- Chinese manufacturing unexpectedly contracts - PMI figures from Eurozone beat forecasts - Raft of US data due out later on - Pearson drops after gloomy update techMARK 2,854.33 +0.22% FTSE 100 6,830.94 +0.07% FTSE 250 16,142.38 -0.03% The FTSE 100 opened more or less flat on Thursday as investor
Read moreFTSE 250 movers: Liberum Capital drives Ted Baker higher
3rd Dec 2013 14:59
Liberum Capital comments pushed Ted Baker shares higher after rating them a 'buy'. Betfair climbed after posting earnings rather than losses (before interest, tax, depreciation and amortisation) for the half year, despite revenue falling six per cent. Intellectual property commercialisation firm
Read moreIP Group signs commercialisation partnerships with two US universities
3rd Dec 2013 07:36
Intellectual property (IP) commercialisation firm IP Group has announced that it has signed partnerships with Columbia University in New York City and the University of Pennsylvania. The agreements, which both have an initial pilot phase of 18 months, will focus on identifying early-stage, proof of
Read moreFTSE 250 movers: De La Rue hit by Citigroup downgrade
27th Nov 2013 14:05
Banknote printer De La Rue was in the red today, pulling back after a strong rise the day before after its first-half report. The stock was being weighed down this morning by Citigroup, which downgraded its rating from 'buy' to 'hold'. Yesterday the stock rose strongly on the back of an upgrade from
Read moreIP Group reports "significant progress" as portfolio value leaps
1st Nov 2013 08:15
IP Group said it has made "significant progress" since its half year results as it reported a sharp rise in the value of its investments. The FTSE 250 group said the fair value of its portfolio had jumped by £52.7m to £258.2m in the four months to October 30th. The rise was driven by the increase
Read moreIP Group spinout Applied Graphene Materials announces float
14th Oct 2013 08:51
Applied Graphene Materials (AGM), a manufacturer of 'super-material' graphene and a portfolio company of IP Group, has announced its intention to float on AIM. A spin-out from Durham University in 2010, AGM has developed a novel production process at its manufacturing plant and wants to raise funds
Read moreIP Group to invest in Cambridge Innovation Capital
10th Oct 2013 08:01
IP Group, which develops intellectual property based businesses, has invested five million pounds in Cambridge Innovation Capital, alongside the University of Cambridge Endowment Fund, ARM Holdings, Invesco Perpetual and Lansdowne Partners. Cambridge Innovation Capital, which has raised £50m to dat
Read moreIP Group makes further investment in portfolio company
9th Oct 2013 09:23
IP Group's portfolio company Oxford Nanopore Technologies has announced a placing to raise funds for the further development of the business. Specifically, the £40m will be used for commercial and manufacturing infrastructure, continued innovative research and development in nanopore sensing, as w
Read moreIP Group looking ahead with confidence
22nd Aug 2013 09:23
IP Group, which develops intellectual property-based businesses, posted a half year statutory loss but said it was looking ahead with confidence. The statutory loss for the period totalled £2.0m, compared to £28.7m profit the same period the previous year, resulting from a reduced change in fair v
Read moreThursday broker round-up UPDATE
22nd Aug 2013 07:25
Aggreko: RBC Capital reduces target price from 1850p to 1680p, while its neutral rating remains unchanged. Aviva: JP Morgan raises target price from 393p to 436p and retains an overweight rating. BHP Billiton: Canaccord Genuity takes target price from 1950p to 2050p maintaining a hold recommendati
Read moreLondon midday: Stocks slip after EU jobs data
14th Jun 2013 11:47
The upbeat tone seen from markets in early trading on Friday morning didn't last for long, with the FTSE 100 slipping into the red by midday after some gloomy data from Europe. Strong gains on Wall Street last night prompted a decent start in London this morning on expectations that the Federal Res
Read moreLondon open: FTSE 100 tracks US and Asian markets higher early on
14th Jun 2013 08:46
Stocks were registering moderate gains on Friday morning as fears over the Federal Reserve's eventual 'exit strategy' from stimulus were eased overnight. Wall Street benchmarks rose strongly on Thursday on expectations that Fed Chairman Ben Bernanke will attempt to calm markets by pushing back pred
Read moreLondon pre-open: Strong start expected as 'tapering' concerns ease
14th Jun 2013 07:55
Markets are expected to open with decent gains on Friday morning following a rebound on Asian markets overnight as fears about 'tapering' at the Federal Reserve eased. City sources predict the FTSE 100 will open up around 40 points from yesterday's close of 6,305. Fed Chairman Ben Bernanke is exp
Read moreIP Group COO steps down due to health reasons
14th Jun 2013 07:26
IP Group, the AIM-listed developer of intellectual property-based businesses, has announced that its Chief Operating Officer is to step down from the board at the end of the month for health reasons. Alison Fielding, who joined the company in 2005 when IP acquired the intellectual property firm she
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