Articles about London Stock Exchange

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
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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

RM reports first-half loss, nasty sales dip

Education technology provider RM saw revenue decline 15 per cent in the first six months of the company's fiscal year. Sales fell to £133m for the period ended 31 March, compared to £156.4m for the same H1 in 2010. It was also hit with a first-half pre-tax loss of £1.4m, after restructuring charges of £1.8m and a £1.2m charge …
Kelly Fiveash, 16 May 2011
The Register breaking news

AutoTrader crashes off the road in DDoS congestion

AutoTrader has apologised for a hacking attack that saw its website slow to a crawl on Monday. The UK-based car sales portal blamed a "malicious third-party attack" for problems that left its site either "intermittently unavailable or extremely slow" from around mid-day on Monday until early around 2pm on Tuesday. AutoTrader …
John Leyden, 20 Apr 2011
The Register breaking news

Tainted ads punt scareware to surfers on LSE and Myvue sites

Several highly trafficked UK sites – including the website of the London Stock Exchange – served malware-tainted ads as the result of a breach of security by a third-party firm they shared in common. Surfers visiting auto-trading site Autotrader.co.uk and the cinema site Myvue.com were also exposed to the attack, which stemmed …
John Leyden, 28 Feb 2011
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

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

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 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, 2 Oct 2009
The Register breaking news

City IT workers brace for anarchist attack

IT workers at City institutions have been told they must come to work on April 1 and 2, when thousands of protestors are expected in the Square Mile to mark the G20 meeting of leaders in London. Authorities fear the protests will turn violent, and many City workers have been ordered to stay at home. But staff maintaining the …
The Register breaking news

i-Mate has no friends

i-Mate, the Windows Mobile handset manufacturer, will be delisted from the Alternative Investment Market as the share price sinks below a penny and the CEO takes back control of the company. The Financial Times reports that Jim Morrison, the colourful CEO who still owns more than three quarters of i-Mate, will take full …
Bill Ray, 21 Oct 2008
The Register breaking news

Furse should not resign, she should be sacked

Comment The farce of the London Stock Exchange not only crashing but failing to get its systems up and running again should surprise no one. Well, no one except LSE boss Clara Furse, who demonstrates little understanding that technology is crucial to her business. I’ve worked for members of the London Stock Exchange and everyone …
Dominic Connor, 13 Sep 2008
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." …
John Oates, 8 Sep 2008
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 …
John Oates, 8 Sep 2008
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DSGi profit plummets 30%

DSG International (DSGi) saw annual profit tumble 30 per cent today, after the struggling electrical retailer was forced to cut prices to shift stock amidst a tightening of consumer spending. The firm, whose stores include Currys and PC World in the UK, Elkjop in Nordic countries and UniEuro in Italy, reported pre-tax profit …
Kelly Fiveash, 26 Jun 2008
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Clarity shareholders call for boss's head

Clarity Commerce Solutions has vowed to fight rebel shareholders calling for changes to senior management. A former chairman of the company and individuals representing 13 per cent of Clarity's share capital are calling for an extraordinary meeting to remove current chief executive Graham York. Earlier this month Clarity …
John Oates, 17 Apr 2007
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More dawn raids at Torex Retail

The Serious Fraud Office (SFO) raided two residential properties in Gloucestershire and Warwickshire and a business address in Banbury, where Oxfordshire-based software firm Torex Retail has its headquarters, as part of its investigation into the company. The simultaneous raids, carried out yesterday morning, did not lead to …
John Oates, 22 Mar 2007

Torex Retail loses two more directors

Torex Retail said goodbye to two more directors late yesterday. The Oxfordshire-based software company came unstuck when a trading update, which said everything was fine, was quickly followed by a profits warning last month. Shares in the firm are suspended while KPMG tries to make sense of the company's accounts. Torex …
John Oates, 27 Feb 2007

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