Feeds

Articles about London Stock Exchange

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
channel

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

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
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
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
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 …
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
arrow pointing up

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
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
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

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

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
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
Operation Bear love

Ruskie email provider Mail.ru chats up US market with My.com

Russia's biggest email provider is hoping to crack the US market with the launch of My.com. 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
Disco

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
Lyons Tea Shop Oxford Street, London

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

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
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
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. …

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 …
Vodafone UK booster brolly

Vodafone: Soz investors, we wrote down £6.6 BEELLION on Euro ops

Vodafone’s disappointing results pulled down the share price today after it announced a whopping £6.6bn writedown of its Europe operations. The impairment charges – which resulted in a group revenue slippage of 1.9 per cent from £43.8bn to £43.6bn – were due to competition and regulatory changes in Europe, said the telco. We …
Simon Rockman, 20 May 2014
union_jack

Computacenter's UK biz up by a fifth. XPocalypse bounce? Well, sort of...

The sun continues to shine on Computacenter's UK biz after a barnstorming first quarter was again boosted by the XP refresh and the firm's Professional Services order book, which it claims is in rude health. The services-based reseller reported to the London Stock Exchange a 20 per cent hike in revenues to £350.4m across Blighty …
Paul Kunert, 24 Apr 2014

Phoenix IT Group is FIGHTING BACK

A fightback has begun at beleaguered Phoenix IT Group after the services provider confirmed it has at last filled the vacant CEO post and is proposing a share placement to pay down debts. It is 17 months since previous top dog Dave Courtley called it a day at Phoenix, but finally the Northampton-based firm has lured in former …
Paul Kunert, 12 Mar 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
Northamber

Sick of quarterly pelting in LSE stocks, Northamber AIMs for exit

Northamber is proposing to shift its stock listing from the London Stock Exchange to AIM, where it will not be required to play out its quarterly challenges in a public arena and can close corporate deals more easily. The oldest tech wholesaler in Blighty, Chessington-based Northamber is having a hard time of it at the moment, …
Paul Kunert, 04 Jul 2013

Redcentric set to swallow InTechnology MS - sources

A For Sale sign has been pitched outside the HQ of UK firm InTechnology Managed Services for months and it seems CEO Peter Wilkinson is just days away from announcing a buyer. According to our sources, managed services outfit Redcentric has struck a deal with the Harrogate-based public company, whose shares are available to buy …
Paul Kunert, 17 Nov 2013
choose_service_channel

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 …
The Register breaking news

Emulex eats 87% of Endace for Ethernet examinations

Emulex has acquired ownership of 89 per cent of New Zealand-based Ethernet network traffic analysis company Endace. One of the 11 per cent holdouts is an Elliott Management subsidiary which also holds Emulex shares. It wants Emulex to stop spending on acquisitions and slip a few greenbacks into shareholders' wallets. Endace CEO …
Chris Mellor, 28 Feb 2013
The Register breaking news

Queen of Tech City says she will decide what Tech City does soon now

CEO of Tech City Joanna Shields says that the "woolly" objectives of London's (in)famous Tech City predated her, but she isn't giving much more clarity on what the government initiative should achieve. Challenged on the vagueness of the organisation's remit at an event on Friday, the former Facebook VP distanced herself from …
Anna Leach, 04 Mar 2013
Pigeon crapping on statue

BT's not at home to Mr Profit, but its lordly boss probably isn't too fussed

The past few weeks over at BT Towers have been busy, fraught and disruptive. But there was no ray of sunshine in the telecom giant's latest financial results out today. The company reported flat revenue growth and a significant decline in pre-tax profit this morning for the quarter that ended on 30 June. It pulled in total …
Kelly Fiveash, 25 Jul 2013
Prime Minister David Cameron arrives alongside BT CEO Ian Livingstone (right) at Adastral Park, BT's global innovation and development centre in Ipswich, Suffolk

BT boss QUITS telecoms giant for front-bench gov job

Ian Livingston has quit the top job at BT, after being poached by Prime Minister David Cameron to take on a key trade and investment role for the government. The surprise announcement that Livingston will leave the national telco in September comes at an extremely busy time for BT - which is currently rolling out its fibre …
Kelly Fiveash, 19 Jun 2013
The Register breaking news

Prime Ministerial exploding cheese expert to become 'entrepreneur'

Rohan Silva, the Downing Street wonk behind the fabulous soaraway Silicon Roundabout, is leaving politics to join a venture-capital firm closely associated with his biggest initiative. As the Prime Minister's 33-year-old special policy advisor, Silva branded the name Tech City on the cluster of small businesses huddled around …
Andrew Orlowski, 03 Apr 2013
tumbling dice

Stand back, everyone! Dragons' Den ace HAS FOUND THE CLOUD

The wait is almost over for any Brit wanting to take a punt on a homegrown cloud services firm: the UK-based Outsourcery is poised to list on the Alternative Investment Market (AIM)* this Friday. The Manchester-headquartered business is placing a little more than 11.5 million Ordinary Shares at 110 pence giving it a market …
Paul Kunert, 22 May 2013
The Register breaking news

'Momentous year' for TalkTalk as it surges from 3rd place to, er, 4th

TalkTalk has reported a slight fall in revenue and pre-tax profit for the full financial year. The budget telco told the City that sales for the 12 months to 31 March had slipped by one per cent to £1.67bn compared with £1.68bn a year earlier. Profit before tax dipped four per cent to £122m, the company added. TalkTalk CEO …
Kelly Fiveash, 16 May 2013

How STEVE JOBS saved Apple's bacon with an outstretched ARM

The chip designers at ARM Holdings have turned the computing world upside down, shaken Intel to its core, pulled AMD into its orbit, and broadened its range beyond mobile into every nook and cranny of the digital world, from toys to servers. But where did this UK wonder company come from? How does it earn its living? And how did …
Rik Myslewski, 27 Nov 2013
Computacenter building in Hertfordshire MUST CREDIT: Jack Hill and is licensed for reuse under the Creative Commons Attribution-ShareAlike 2.0 license

Computacenter profits tumble after German 'stumble'

UK IT outsourcing giant Computacenter saw pre-tax profit fall more than 10 per cent in the 12 months ended 31 December. The company reported to the City this morning that revenues for 2012 were relatively flat, up 2.2 per cent to £2.91bn compared to £2.85bn a year earlier. Profit before tax stood at £64.8m - a fall from £72.1m …
Team Register, 12 Mar 2013
cubicle_farm_computers_channel

Phoenix IT Group signs £40m desktop support win

Phoenix IT Group has inked a five-year £40m desktop support deal with an unnamed customer, the troubled firm revealed today. This is the sort of news investors will cheer after a challenging year in which the Northampton-based firm axed staff, watched its profits collapse, unearthed serious accounting errors, and accepted its …
Paul Kunert, 26 Nov 2012
The Register breaking news

What a Liberty: Virgin Media in buyout talks with telecoms giant

Virgin Media confirmed this morning that it is in buyout talks with cable giant Liberty Global. In a brief statement to the City ahead of it full-year results tomorrow, Virgin Media announced: Virgin Media confirms that it is in discussions with Liberty Global, Inc., a leading international cable company, concerning a possible …
Kelly Fiveash, 05 Feb 2013

Capita gobbles Northgate Managed Services for £65m

Outsourcing monolith Capita has coughed up £65m to buy Northgate Managed Services (NMS) in a deal announced to the London Stock Exchange this morning. As revealed by The Channel last year, VC Kholberg Kravis Roberts (KKR) and Company - owner of NMS parent Northgate Information Solutions, touted the division with a price tag of £ …
Paul Kunert, 14 Feb 2013

But... you work in IT... Why aren't we RICH?

“Monetizing is not the goal; growing is.” And with that explanation for his company’s decision to put another £11.5bn of someone else’s money through the shredder, Mark Zuckerberg fired the starting gun for the race to the next dot-com crash. Facebook’s acquisition of WhatsApp was not ludicrous, however. Nor was it genius, nor …
Alistair Dabbs, 28 Feb 2014
channel_partners_deal_handshake

Serco close to flogging UK defence nuke tech biz

IT outsourcing monster Serco is locked in talks with engineering consultancy and project management services outfit Amec to sell its Technical Consulting Services biz. The unit provides consulting and project services including IT to the UK civil and defence nuclear markets, turning over in the region of £70m last year. Cost- …
Paul Kunert, 23 May 2012
Computacenter

Computacenter UK beats its German biz to the pool for 2013

Services-based reseller Computacenter (CC) says it exited 2012 in "good shape": its UK operation is firing all cylinders again, although some work lies ahead in resolving service contract challenges in Germany. During the final three months of the year, the London Stock Exchange-listed firm's turnover from IT services rose 6 per …
Paul Kunert, 17 Jan 2013

Samsung swoops on Brit chip biz CSR, grabs talents'n'patents

A British chip-design company has sold its mobile and GPS location-finding tech wing to Samsung for $310 million (£198m). Cambridge-based biz CSR sealed the deal today, according to a regulatory notice from the London Stock Exchange. It will shift 310 employees, and an attractive sheaf of patents, over to the South Korean …
Anna Leach, 17 Jul 2012
The Register breaking news

Nasdaq admits hackers planted malware on web portal

Nasdaq admitted on Saturday that unidentified hackers had succeeded in planting malware on one of its portals. The US stock exchange is keen to stress that trading systems were not affected by suspicious files found on Directors Desk, a web-based dashboard application used by an estimated 10,000 execs worldwide. In a statement, …
John Leyden, 07 Feb 2011

IXEurope spends £15m on new London datacentre

IXEurope is to splash out around £15m to build a new datacentre in West London. The London Stock Exchange listed datacentre outfit said that once up and running next year, the "London4" centre will be IXEurope's fourth and largest datacentre in London. The site will offer roughly 6,500 square meters, with most of the £15m …
Tim Richardson, 13 Jun 2006