Articles about London Stock Exchange

Brexit? No impact at all, chuckles reseller juggernaut

The storm clouds Softcat pointed to gathering over the industry in the months prior to the EU referendum didn’t rain on the firm’s parade after all, judging by financial results outlined to the City today. The mid-market reseller said in the spring that business confidence could be dented by political uncertainty, but as it …
Paul Kunert, 19 Oct 2016
Stock market image via Shutterstock

Mega-Misys IPO trimmed: Firm slashes expectations by £1bn

Misys, the British banking software business, has slashed the value of its initial public offering by £1bn. The London-based business is currently privately owned by Vista Equity Partners, which purchased Misys for £1.3bn back when it delisted in 2012, and has more than 4,600 employees on a global basis. It had first listed in …

Exertis gets claws in Hammer for undisclosed sum

DCC Technology today confirmed its subsidiary, Exertis, has gobbled specialist storage and lesser known server distie Hammer for an undisclosed sum, which should help ease recent top line pressures. Hammer trades with “almost” 1,000 reseller, system integrator and cloud service provider punters, selling infrastructure gear …
Paul Kunert, 14 Oct 2016

It's executive whack-a-mole at Big Data replicator WANdisco

Sacked WANdisco CEO Dave Richards is back in post just seven working days after being ousted; the chairman of the board has now resigned along with another director, and also Erik Miller, the recently-appointed CFO. On September 29 CEO Dave Richards was fired at a breakfast meeting by non-exec chairman Paul Walker at London’s …
Chris Mellor, 07 Oct 2016
Suitcase full of money

Misys in £5.5bn IPO

Misys, the banking software firm, is returning to the London Stock Exchange four years after it was bought by a private equity firm. The company aims to raise £500m at a price valuing it at £5.5bn. Since delisting in 2012, Misys has restructured and merged with Turaz, the former risk management software division of Thomson …
Drew Cullen, 06 Oct 2016

Midwich slurps Euro and Kiwi AV disties

Midwich has confirmed to the London Stock Exchange a couple of acquisitions in the AV distributor market. The Diss-based firm, itself a wholesaler of AV and document “solutions”, floated on AIM in early May with the proceeds going to selling shareholders, to pay down debts and to fund the buy of Kern & Stelly. In today’s …
Paul Kunert, 08 Sep 2016

SoftBank ARM buy is done

Japan's SoftBank says its acquisition of ARM has been completed (PDF). Softbank's announcement says that as of Monday, September 5th, it owned “all of ARM’s issued and to be issued shares”. Today, Tuesday September 6th, “ARM will be delisted from the London Stock Exchange … and will cease to be a listed company.” The Japanese …
Simon Sharwood, 06 Sep 2016

Biz phones 'n' broadband bods Gamma suffer a network TITSUP

Business broadband comms outfit Gamma is experiencing a service outage. According to monitoring site Down Detector, the problem began this morning just after 8am. One customer told us: "I am a reseller and we are having issues with customer phones also... Still ongoing." Another said: "We have customers reporting one way …
Kat Hall, 25 Aug 2016
High-tech startup-rich neighbourhood Herzliya Pituach, Israel. Pic by InnaFelker, editorial use only via Shutterstock

Israeli tech firms make their exits, stage rich

Israeli hi-tech companies rang the tills with exits adding up to $3.3bn in the first half of 2016. A total of 45 hi-tech firms completed exit deals that averaged $74m, according to a study by IVC Research Center and law firm Meitar Liquornik. Increased difficulties in raising capital, particularly in the United States and …
John Leyden, 06 Jul 2016
London stock exchange, photo via Shutterstock

London Stock Exchange's German mega-merger: It's a go, despite Brexit

The London Stock Exchange takeover by its German competitor Deutsche Boerse (aka the "Merger of Equals") should still be going forward despite Brexit, but a planned vote by their respective shareholders throws another wildcard into how job cuts are shared between London and Frankfurt. The £12bn deal, announced in March, is due …
Dominic Connor, 04 Jul 2016
Pennies in a jar. Photo via Shutterstock

Technology shares slide with Brexit vote, except ARM

BREXIT Shares in British technology companies are mostly sliding after citizens of the United Kingdom voted for the nation to leave the European Union. The FTSE 100 fell more than 8 per cent at opening this morning, slicing over £100bn off of the market capitalisation of the UK's most highly rated bluechips, although this has since …

Trustmarque has been sold yet again – this time to Capita for £57m

Capita has acquired Microsoft licensing house and managed services biz Trustmarque for £57m in cash – the fourth time the company has changed hands in three years Trustmarque, part of the Liberata Group, was rolled onto the market in February by parent Ardbid Ltd, appointing investment bank William Blair to find a buyer, as we …
Paul Kunert, 21 Jun 2016
Little girl looks at camera with an "I told you so" attitude. Photo by Shutterstock  Release Information: Signed model release filed with Shutterstock, Inc

Outsourcery to perform ULTIMATE outsource as it enters administration

Manchester-based failing cloud biz Outsourcery is to undertake a pre-pack administration with Vodafone partner GCI Network Solutions waiting in the wings to buy the company’s assets. The move, exclusively revealed by The Register last week, was confirmed by AIM-listed Outsourcery to the London Stock Exchange this morning. “ …
Paul Kunert, 15 Jun 2016
Man reading newspaper with glasses on his head

Anons sock stock exchange

Anonymous has claimed responsibility for a web attack against the London Stock Exchange (LSE) last week. LSE's website was rendered inaccessible for two hours on Thursday. Elements of the Anonymous hacktivist collective said the assault was part of an ongoing operation targeting financial institutions, codenamed Operation …
John Leyden, 06 Jun 2016

Outsourcery: We've had offers for our assets (and, er, shareholders might get nothing)

Investors in beleaguered cloud biz Outsourcery may well take a bath after the company confirmed it is in talks with suitors who made offers for its assets that will leave them little or no return. The Manchester-based biz, set up by former Dragon Den's luvvie Piers Linney, revealed in April it was again running out of cash and …
Paul Kunert, 03 Jun 2016
management consumerisation

Steady as she goes at Softcat, Q3 trading in line with forecasts

London Stock Exchange-listed reselling machine Softcat has issued a steady as she goes update to the market though it was stat light and made no further mention of economic storm clouds gsathering. The Marlow-based biz that floated late last year, warned at the half-way stage of fiscal ’16 ended January of “risks posed to …
Paul Kunert, 24 May 2016
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I'm in, says insolvency expert, grabs chair on board of Dragons’ Den star's firm

An insolvency and restructuring veteran has taken a seat at the board of moribund cloud services firm Outsourcery as one of the requisite Ts&Cs to secure a funding lifeline from Vodafone. The AIM-listed firm run by former Dragons’ Den badass Piers Linney and joint-CEO Simon Newton revealed David Duggins, senior advisor at …
Paul Kunert, 12 May 2016

Don't split Openreach, says BT, and we'll splash BEELLIONS on broadband and 4G

British Telecom has offered the UK government a familiar devil's bargain: protect us from competition and we'll spend an extra £6 billion on our broadband networks. The carrier's Thursday announcement to the London Stock Exchange comes just after comparison site uSwitch published a damning analysis of UK broadband speeds. …
Snow White waves goodbye. Photo copyright Disney

Ad slinger Phorm ceases trading

Controversial ad targeting firm Phorm has ceased trading. Phorm’s decision follows a failure to secure enough funding to run its business, as explained in a statement to the London Stock Exchange here. Phorm an advertising-technology company and first party data platform provider, announces that, further to its announcement …
John Leyden, 14 Apr 2016

Apple mulled gobbling its Brit GPU designers – but didn't like the taste

Apple was considering buying Imagination Technologies – designers of the PowerVR graphics processors in its iPhones and iPads – but walked away from the deal. In a statement today via Imagination and the London Stock Exchange, the Cupertino giant said: "From time to time, Apple talks with companies about potential acquisitions …
Chris Williams, 22 Mar 2016
Cat 5 cable

Phorm suspends its shares from trading amid funding scrabble

Controversial web monitoring business Phorm has temporarily suspended trading in its shares after failing to secure funds. In a statement to the London Stock Exchange yesterday, it said it is in "advanced discussions" regarding alternative financing. "There can be no guarantee that such discussions will result in any funds …
Kat Hall, 26 Feb 2016

The Network and Information Security Directive – who is in and who is out?

New cyber security laws agreed on by EU law makers in early December are set to impact on a large number of businesses. Political agreement on the draft Network and Information Security (NIS) Directive, which could still be amended, was reached by MEPs and representatives of EU  governments in early December. It means the path …
OUT-LAW.COM, 07 Jan 2016

Softcat set to open up Scottish operation as sales spike continues

Cuddly-named unstoppable reselling machine Softcat keeps on growing in double digits, is hiring more staff and setting up shop north of the border, according to its first trading update as a publicly traded entity. The Marlow-based tech supplier launched itself onto the London Stock Exchange last month. The listing price was …
Paul Kunert, 02 Dec 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
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 …

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
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

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
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

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

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
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

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

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
£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

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 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 …
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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
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
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
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
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
Silhouette of spy discerning password from code uses a command on graphic user interface

MI5 boss: We NEED to break securo-tech, get 'assistance' from data-slurp firms

MI5's recently appointed boss has placed the ability to intercept communications at the centre of the security agency's counter-terrorism efforts. Andrew Parker's most detailed justification of the controversial surveillance programmes by GCHQ and the NSA, came in a pre-planned speech (transcript here) to the Royal United …
John Leyden, 09 Jan 2015

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
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
gTLD graphic

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

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
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
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