London-based artificial intelligence firm looks to expand after raising £13m in a Series A funding round June 11, 2018 Research-driven artificial intelligence (AI) company Eigen Technologies aims to expand after raising £13m in its first significant round of venture capital financing. The London-based tech firm, which has obtained the money in a Series A round co-led by Goldman Sachs and Temasek, takes unstructured qualitative data and turns it into information which companies can then [...]
Mind Gym flexes muscles with £140m London listing June 10, 2018 Training firm Mind Gym is planning to flex its market muscles through a £140m listing on London Stock Exchange arm AIM. The company, which is owned by Octavius Black, an Eton peer of former Prime Minister David Cameron, has brought in Liberum Capital to handle the listing. City A.M understands that an announcement on the [...]
Argo aims to become first main market-listed crypto-miner as it launches new mining subscription service June 9, 2018 Argo has announced that it intends to become the first crypto-miner listed on the London Stock Exchange and will launch a service which makes mining easier for clients. The originally Canada-based company, which has now launched in the UK, seeks to capitalise on the recent surge in demand for crypto-mining by launching the subscription-based service [...]
London Stock Exchange opening delayed by an hour on Thursday morning after a ‘technical issue’ June 7, 2018 The London Stock Exchange open this morning was delayed due to a "technical issue" that has now been resolved. A London Stock Exchange Group spokesperson confirmed the opening auction had been delayed. They added: "We will provide further updates shortly." It was then confirmed that trading would resume at 9am, and is now back in [...]
Plus500 bumps up expectations for the year after cryptocurrency boom June 7, 2018 Online trading platform Plus500 said this morning that its board had lifted its expectations for the year, as trading remains ahead of what was previously predicted, thanks to a cryptocurrency boom at the start of the year. Plus500 had previously announced that a strong start to 2018 had come thanks to a period of "relative [...]
Workspace report solid annual figures June 6, 2018 | City Talk Workspace revealed a solid set of full-year figures. Profit before tax jumped by 91.9% to £170.4 million, which comfortably exceeded the Reuters consensus estimate of £80.65 million. Net rental income rose by 21% and underlying property valuation ticked up by 5%. The strong performance helped the property company increase its return to shareholders as the [...]
RBS in focus as UK government offloads 7.7 per cent share stake June 5, 2018 | City Talk When Chancellor Philip Hammond outlined plans in his Autumn Budget to sell off the government’s stake in RBS over the next few years there were the predictable raised eyebrows of those who questioned the logic of selling off the remaining 70 per cent stake of the bailed out bank at a loss to the taxpayer. [...]
Law firm Knights gunning for largest-ever law firm flotation June 3, 2018 Law firm Knights is set to announce its intention to float on the London Stock Exchange tomorrow in what will be the largest law firm flotation so far. The June initial public offering (IPO) is expected to value the business in excess of £100m, outstripping Gateley, the first English firm to go public in 2015, [...]
UK economy looks more positive for the second quarter May 31, 2018 | City Talk Last week European markets posted their first weekly loss since March, breaking a run of eight consecutive weekly gains, raising the prospect that we could be on the cusp of a period of consolidation after a run that has seen the FTSE100 run up from lows of 6,840 in March to a new record high [...]
AA skids off course in mid-cap promotion push as Marks & Spencer swerves blue-chip relegation May 29, 2018 British motoring darling the AA snatched defeat from the jaws of victory, as it is set to narrowly miss out on a return to London’s mid-cap index. Shares in the breakdown firm skidded over seven per cent today taking the firm out of contention for an automatic promotion back to the FTSE 250. Last week, [...]