Articles about London Stock Exchange

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Want to own .app, .blog or .pet? Best sell a third of yourself for $100m on London Stock Exchange

Internet registry Afilias hopes to build a $100m (£62.3m) war chest by floating on the London Stock Exchange – just in time to spend the cash snapping up the rights to new dot-word domains. The company will sell 30 percent of itself next month, ahead of a critical dot-word auction planned for 17 December. Some 21 valuable new …
Kieren McCarthy, 23 Oct 2014
Stock ticker board

Fujitsu: Sayonara, London Stock Exchange... You're not worth the money

Japanese giant Fujitsu is to yank its shares from the London Stock Exchange in a move that will help it cuts costs and which recognises the shifting sands in global financial markets. The application to delist common stock and European Depository Receipts* from the Official List of the UK Listing Authority**, as well to cancel …
Paul Kunert, 28 Nov 2013

Top Brit Penguins spurn London Stock Exchange for NYSE

Blighty-based open sourcer Alfresco is going public on the New York stock markets under a new chief executive. The content management software vendor has named former SuccessFactors CEO Doug Dennerline its new chief with the goal of stewarding the company through a successful IPO and growth in the US, former CEO John Powell said …
Gavin Clarke, 17 Jan 2013
The Register breaking news

London Stock Exchange floored, again

The London Stock Exchange is currently closed thanks to the failure of its trading platform. Technically it's in a "halt phase" meaning orders can be cancelled but new orders cannot be made, nor can automatic trading happen. At 8.03 this morning the market was paused as technical problems became clear, by 8.33am trading was …
John Oates, 25 Feb 2011
The Register breaking news

Network attacks (allegedly) ravage London Stock Exchange

The London Stock Exchange and one of its counterparts in the US are investigating attacks that hit their networks last year and were intended to disrupt their operations, The Times reported on Monday. Officials for the LSE are investigating a possible breach of the open-source trading system last year that may have led to the …
Dan Goodin, 31 Jan 2011

London Stock Exchange investigates IT 'sabotage'

The London Stock Exchange is investigating a suspected sabotage after a trading platform was crippled for two hours. The outage hit the Turquoise system yesterday. "Investigations... have revealed that human error was to blame for the disruption that began at 0823am this morning," the LSE said in a statement. "Preliminary …
The Register breaking news

Stock Exchange says soz for downtime

Trading has restarted on the London Stock Exchange this afternoon after a systems failure closed it for business this morning. At 8.03am the market was paused as technical problems became clear, by 8.33am trading was halted - see our story here. Continuous trading restarted at 12.15pm this afternoon. The LSE said it had …
John Oates, 25 Feb 2011
The Register breaking news

Millennium bugs hit stock exchange

The London Stock Exchange suffered a second day of problems yesterday as its new trading platform struggled to function again. On Tuesday the market failed to close correctly, causing confusion over closing prices for brokers and traders. Yesterday the MillenniumIT system displayed zeroes against some bid and ask prices, …
John Oates, 17 Feb 2011
The Register breaking news

London's stock exchange crashes again

Updated The London Stock Exchange has suffered yet another systems crash, leaving brokers high and dry since 9.30 this morning. The Exchange last went down in September 2008 and took almost the entire day to get back online. That outage, on one of the Exchange's busiest days, was the day after the $200bn bailout of US housing giants …
John Oates, 26 Nov 2009

Vodafone left the lonely singleton as Liberty deal kiboshed

European telco Liberty Global and Vodafone have put the kibosh on their possible merger, the mobile network operator announced late Monday. The businesses have been flirting with the idea of a potential £120bn love-in for sometime. But in a filing to the London Stock Exchange the global telco giant said: "Vodafone today …
Kat Hall, 29 Sep 2015
Stock market. Pic: Alberto Carrasco Casado

It's all go for Softcat's £500m IPO, Credit Suisse, Jefferies hired

Tech reselling steamroller Softcat is edging ever closer to flotation on the London Stock Exchange after appointing brokers to manage the process, insiders have told El Chan. The fast growing Marlow-based business, which is expected to be valued at between £400m to £500, has hired Credit Suisse and investment bank Jefferies …
Paul Kunert, 26 Aug 2015
The Register breaking news

London Stock Exchange grabs rival

The London Stock Exchange is in exclusive talks to buy Project Turquoise, the rival trading platform set up by nine banks in order to push down transaction fees. A formal statement was issued yesterday confirming talks. Turquoise launched its electronic share dealing platform in late 2008. It gives access to 15 European …
John Oates, 02 Oct 2009
Stock market. Pic: Alberto Carrasco Casado

Softcat hires Domino’s Pizza man as NED ahead of IPO

Softcat has hired former Domino’s Pizza beanie Lee Ginsberg as non-exec director ahead of its long awaited flotation on the London Stock Exchange. The Marlow-based biz is tipped to list next month with a valuation estimated to be between £400m to £500m, the first time a local reseller has floated in years. Credit Suisse was …
Paul Kunert, 09 Oct 2015
Stock market. Pic: Alberto Carrasco Casado

Softcat execs set to become overnight millionaires

Updated Softcat has floated on the London Stock Exchange with shares priced at 240 pence each, valuing the Marlow-based tech reseller at £472.3m. The first day of trading is expected to be 18 November and the firm was asked to open the LSE trading floor on that day. In the meantime, shares are tradeable on a conditional basis and had …
Paul Kunert, 13 Nov 2015
TalkTalk YouView set top box launch

TalkTalk claims 157,000 customers were victims of security breach

TalkTalk has once again attempted to downplay the seriousness of the attack on its systems by claiming on Friday morning that only four per cent of its customers – nearly 157,000 people – were affected by the security breach. The budget ISP said that bank account numbers and sort codes of 15,656 of its subscribers had been …
Kelly Fiveash, 06 Nov 2015
Vittorio Colao (CEO)

Voda boss claims 'turning point' as infra investment kicks in

Vodafone CEO Vittorio Colao claimed this morning that the company's huge £18bn infrastructure investment was slowly starting to pay off, with the operator reporting a growth in earnings for the first half of its financial year. Group sales fell 2.3 per cent to £20.3bn for the six months ended 30 September, while organic …
Kelly Fiveash, 10 Nov 2015

TalkTalk boss: 'Customers think we're doing right thing after attack'

Shares in TalkTalk climbed more than 12 per cent, following the company's first half fiscal report to the City this morning. The budget telco's boss Dido Harding was bullish about TalkTalk's response to the attack on its systems last month. She claimed during a conference call with journalists and analysts that some customers …
Kelly Fiveash, 11 Nov 2015
hands waving dollar bills in the air

Hey, software entrepreneurs! Open Ocean puts €100m up for grabs

Helskini-based Open Ocean has announced a €100m fund to target early-stage investment in European software startups, with 20-year veteran of the European tech entrepreneur scene Richard Muirhead being brought in to recruit and lead its London operations focusing on the UK market. The fund is to focus on "data-led, fast-growth …
Stock ticker board

Sophos looks to raise £65m with IPO

Security software outfit Sophos is to imminently float on the London Stock Exchange, a move it estimates will raise $100m (£65m), the company announced today. The Oxford-based biz is thought to be targeting a valuation of £1bn, according to The Sunday Times (subscription required). Richard Holway, analyst at TechMarketView …
Kat Hall, 03 Jun 2015
The Register breaking news

London Stock Exchange limps back online

The London Stock Exchange restored full connectivity today at four o'clock - just half an hour before the scheduled close. A spokeswoman for LSE said: "Trading resumed at four o'clock and we will close as normal at 4.30. We work with a number of suppliers so cannot speculate at this stage as to what caused the problems." Today …
John Oates, 08 Sep 2008
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India's Rolta hits London Stock Exchange

Indian IT services firm Rolta India made a successful debut on the London Stock Exchange this morning. Rolta shares are trading at just above their bid offer of $5.45. The company's shares are already traded on the Mumbai exchange. Mobile content firm Mobestar Holdings and online ad firm Burst Media are also floating this …
John Oates, 18 Apr 2006
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Confused Colt dumps the IT services market while revenues shrink

In a major about-turn, telecoms network provider Colt has today announced it will exit the IT services market as the firm searches for a fresh strategy to halt a worrying decline in revenue. "We are taking decisive action to become a more focused and disciplined organisation," said Rakesh Bhasin, CEO, in an update to the London …
Kat Hall, 30 Jun 2015
£10 notes. Pic: Howard Lake

Channel vets eyeing up investments from atop mount cash

Channel merchant bank MXC Capital is sitting on a pile of cash and finance facilities that will be used to grab minority stakes in managed services outfits, software players and FinTech start-ups. The London Stock Exchange-listed buy and build vehicle founded by industry vets Ian Smith and Tony Weaver yesterday acquired …
Paul Kunert, 26 Aug 2015
Stock market. Pic: Alberto Carrasco Casado

Softcat preps for IPO, closes in on brokers

Softcat is preparing the groundwork for its flotation on the London Stock Exchange with the market expected to value the tech reselling juggernaut at cool half a billion pounds. Our sources tell us Marlow-based Softcat has narrowed the field of potential brokers to a handful of firms, but Credit Suisse and Jeffries are most …
Paul Kunert, 29 May 2015

Softcat to float in November, £500m market cap expected

Tech reseller Softcat has confirmed it intends to float on the London Stock Exchange from next month, as it rolled out another set of healthy financials for fiscal ’15. The Marlow-based firm’s intention to go public was perhaps one of the UK industry’s worst kept secrets; it hired Credit Suisse some months ago to run the …
Paul Kunert, 19 Oct 2015
The Register breaking news

London stock market floored by computer glitch

Full trading has yet to restart on the London Stock Exchange after computer problems this morning forced it to suspend dealing. The market rose nearly four per cent in early trading on the back of news from the US that the government is effectively nationalising Freddie Mac and Fannie Mae, which guarantee most of the US mortage …
John Oates, 08 Sep 2008
Bebo president Joanna Shields

Ex 'Tech City' chief Shields appointed junior Fun minister for internet safety

Tory Baroness Joanna Shields OBE, ex-Tech City supremo, ex-head of Bebo*, ex-head of Facebook Europe and ex-MD of Google EMEA, has been appointed minister for internet safety and security. Shields was awarded the OBE in the 2014 New Year’s Honours list and elevated to the peerage the following August. The Telegraph reports …
Simon Rockman, 18 May 2015

UK government looks to harness the potential of open data through APIs

In a speech earlier this week, Matt Hancock, minister for the Cabinet Office, referred to data as being "no longer just a record" but a "mineable commodity, from which value can be extracted" and outlined how the UK government intends to improve its use of the information at its disposal and help others exploit the data too. " …
OUT-LAW.COM, 06 Nov 2015
Stock market. Pic: Alberto Carrasco Casado

Sophos: We'll have a market cap of £1bn when we IPO

Brit security slinger Sophos’s listing on the London Stock Exchange went live today, giving the firm a market cap of around £1bn – a valuation that has caused a stir among analysts. The intent to float was confirmed weeks ago, with the Oxford-based firm expecting to raise cash to fund the next phase of biz development and rub …
Paul Kunert, 26 Jun 2015

Softcat CEO: No sailing off into the sunset after the IPO for me

The flotation of tech reseller Softcat will make the CEO an overnight quinquagintillionaire*, but Martin Hellawell tells us he won’t be quitting the day job any time soon. The Marlow-based biz confirmed this morning it is to list on the London Stock Exchange in November, as we predicted months ago, but top brass wants to push …
Paul Kunert, 19 Oct 2015

Outsourcery bags another £1m investment as losses start shrinking

Outsourcery has unearthed yet another personal investor willing to throw some cash into the commercial coal furnace; one Lawrence Jones, MBE, who doubles up as the boss of hosting biz UKFast. Confirmation of Jones agreeing to invest £1m into the Manchester-based cash burning seller of clouds comes as the business revealed it …
Paul Kunert, 29 Sep 2015

The Ruskies are coming for you, NSA director tells City bankers

Defence bigwigs have issued a stern warning to financial companies at the London Stock Exchange that "so-called patriotic hacker groups" may soon embiggen their attacks on the City and Wall Street. The talk, organised by the Royal United Services Institute (RUSI) along with the FCA and Bank of England, noted how Western banks …
French fries

Takeaway order spewer Just Eat plans to raise £100 MEEELLION in IPO

Online takeaway aggregator Just Eat is hoping to raise a hefty £100m from an initial public offering on the London Stock Exchange. The 13-year-old Danish firm connects hungry folks to local takeaway and delivery services in 13 countries, including the UK, France, Canada and Ireland and claims to have had revenue of £96.8m last …
Dixons Carphone Warehouse

Newly spawned Dixons Carphone leaps onto LSE as £12bn sales org

The shotgun wedding between hard-pressed consumer biz Dixons Retail and Carphone Warehouse was consummated today as the £12bn turnover borg started trading on the London Stock Exchange. The merger between Dixons Retail, owner of Currys and PC World, and Carphone Warehouse was first announced back in May. Dixons Carphone - …
Jasper Hamill, 07 Aug 2014

Daisy Group slurped by VC consortium, bids to cancel AIM listing

AIM-listed comms and tech outfit Daisy Group Tuesday confirmed that the previously agreed 185 pence-per-share bid from a consortium led by CEO Matthew Riley has been declared unconditional. The offer from Riley, Penta Capital, and long-term investor Tosca Fund, which values Daisy at near £500m, was agreed in October, some months …
Paul Kunert, 09 Dec 2014

Rise of the Machines: How computers took over the stock market

Feature Trading used to be limited by how fast one human could shout at another and agree upon a price. Now it's limited by the speed of an electron through copper wire. This has caused, to put it mildly, some changes. In April 2013 bombs went off at the White House and Barack Obama was injured, the Associated Press reported. The news …
Jack Clark, 21 Jun 2013

Chipzilla of the mobile world Qualcomm wants to slurp Brit vendor CSR... for £1.6bn

UK Bluetooth specialist CSR looks set to wed Qualcomm Inc, after the mobile chip giant said it had agreed to buy the company for £1.6bn ($2.5bn). San Diego-based Qualcomm said that the acquisition would allow it to beef up the firm's Internet of Stuff and car entertainment businesses. The company's chief Steve Mollenkopf said …
Team Register, 15 Oct 2014
The Register breaking news

Stick health warnings on gays, says Stock Exchange chaplain

The chaplain to the London Stock Exchange may be forced to walk the plank after demanding that gay chaps be tattooed with cig-packet-style health warnings highlighting the evils of boy-on-boy. The Rev Peter Mullen, 66, declared on his blog: "It is time that religious believers began to recommend ... discouragements of homosexual …
Lester Haines, 06 Oct 2008
Cortana China

Microsoft's Brit kid Cortana lands on UK WinPhone 8.1, but China's is the real cutie

Microsoft will be fine-tuning its virtual assistant Cortana in its first update to Windows Phone 8.1. The Siri rival is predicted to arrive on UK users' smartphones over the next few months. The preview pack for developers is already out, of course. Youtube Video Cortana will be coming to folks in Blighty and China as a beta …
Credit: David Shankbone

BSkyB slurps Murdoch's Italian and German Sky assets to beef up European pay-TV biz

BSkyB is pursing a bold pay-TV strategy in Europe with the unsurprising buyout today of 21st Century Fox's 100 per cent stake in Sky Italia and 57.4 per cent interest in Sky Deutschland. It told the City this morning that it would pay £2.45bn to acquire Sky Italia from media mogul Rupert Murdoch's company, which has a 39 per …
Kelly Fiveash, 25 Jul 2014
Joanna Shields, former CEO of Tech City UK

Tech City UK boss legs it, dumps project in lap of BlackBerry exec

Joanna Shields has jacked in her £115,000 job as CEO of Tech City UK to join the London Stock Exchange Group. She will be replaced by Gerard Grech, who currently heads up global marketing at BlackBerry World. Shields was awarded an OBE last year for trying to turn Old Street Roundabout into a gleaming hub of tech …
Jasper Hamill, 17 Jan 2014
Prison window

Ha ha, fooled you! Shares tumble over G4S fake website profit warning

False rumours of a profit alert and executive dismissals put the skids under G4S shares on Wednesday. A bogus statement was emailed to journalists falsely stating that the security service firm had discovered accounting errors. The false warning (suggesting G4S profits would be restated) was sent out in an email containing a …
John Leyden, 13 Nov 2014
Operation Bear love

Ruskie email provider chats up US market with

Russia's biggest email provider is hoping to crack the US market with the launch of Mail.Ru's subsidiary has been set up in Mountain View, California, to punt a combination of mobile services and games - groan-inducingly described by the company as "commutainment" - at subscribers stateside. The firm is run by one of …
Kelly Fiveash, 20 Nov 2013
management management3

Alternative Networks hauls in heavy duty sales hand

Alternative Networks has turned to former Vodafone UK enterprise channel boss Chris Huggett to reinvigorate stagnating sales. The appointment as group sales director at the London Stock Exchange-listed biz comms provider comes after a disappointing 2013 for investors, when revenue stagnated at £114m and operating profit dipped …
Paul Kunert, 13 Jan 2014

WANdisco plunges into the Hadoop foam party, shakes its replication booty

WANdisco is bringing continuous wide-area availability to Hadoop big data users. The joint UK and US-based WANdisco (Wide Area Network DIStributed COmputing) sells software producing active-active data centres at WAN distances, which it says is suited to the Hadoop Big Data world. Its technology uses patented algorithms invented …
Chris Mellor, 01 Jul 2014
Autodesk's AutoCAD

AutoCAD daddy buys UK design software firm Delcam for £172.5m

Autodesk is all set to slurp British firm Delcam for £172.5m in a bid to snatch more software to offer to the manufacturing sector. The US computer-aided design (CAD) software firm offered Delcam £20.75 per share, a premium of 21 per cent compared to the price at which the company closed on the London Stock Exchange yesterday. …
Lyons Tea Shop Oxford Street, London

PAF! MPs go postal over postal location data sell-off by

MPs have accused the government of short-sightedness, after it agreed to offload the Postcode Address File (PAF) as part of the sale of Royal Mail. The PAF contains location data for tens of millions of postal addresses across the nation. The parliamentary public administration committee said in a report, which scrutinised the …
Kelly Fiveash, 18 Mar 2014

Drooping smartphone sales mean hard times ahead for Brit chipmaker

British chip firm Imagination Technologies has said that a slowdown in the top end of the smartphone market, where Apple and Samsung dominate, will hit the number of chips it ships in the second half of the year. The company warned that it now expected its partners, including the fruity firm, to need between 580 million and 630 …
Night scene of bank station in central london

Bank of England seeks 'HACKERS' to defend vaults against e-thieves

The Bank of England is planning to hire ethical hackers to conduct penetration tests on 20 "major" banks and other financial institutions, it has been reported. The move appears to be a response to lessons learned during the Waking Shark II security response exercise last November. The exercise put merchant banks and other …
John Leyden, 24 Apr 2014

Former Gov.UK sweetheart Logica evaporates after CGI swills it down

CGI's completion of its acquisition of Logica will see the departure of the company from the Stock Exchange at the end of this week and effectively the end of the Logica brand. CGI recently announced that it has completed the £1.7bn acquisition after Logica shareholders voted 99.54% in favour of CGI's offer at a shareholders …