Here's an experiment for you to try. Ask 10 random people on the street if they've heard of 'Global Switch' and you'll likely be confronted with a vacant expression. You may well find a similar response if you mention 'Anaplan'. Yet both are 'unicorns', an expression in the tech arena to describe a company that has attracted a valuation in excess of $1 billion.
Both are UK based businesses that have disrupted their way into the portfolios of venture capital firms and family offices around the world. Indeed, these so-called 'informed investors' have been content to pay sums that value these startups at a level sufficient to put them into the FTSE 100 and 250 respectively, yet both remain private businesses.
But still, the UK entrepreneurs that created them belong to a group of innovators that remain far, far behind their US counterparts in terms of volumes. The number of UK spawned unicorns, and their valuations, remains well below those achieved across the pond. Can the UK tech firms really compete for talent and capital in the Brexit era?
by Zak Mir| Trading| 1 mins. to read There are few things on the stock market quite as enticing as a drug developer which reveals itself as having made significant progress. This is the position which has just been revealed at Redx Pharma (LON:REDX).
by Evil Knievil| Evil Diaries| 2 mins. to read Keurboom Communications whose sole director is a Greg Rudd, 51, has been fined £400,000 for 100m nuisance calls. Keurboom is in liquidation such that the fine does not get paid. This has led to hand-wringing on a big scale.
by Zak Mir | Trading | 1 mins. to read I do not normally follow up on "winning" calls, as one usually ends up acquiring the appearance of being a nasty hybrid between a used car salesman, an estate agent and a politician.
by Victor Hill | Brexit | 11 mins. to read The Brexit talks-about-talks have started badly. What is the chance that there will be no deal at all? Are investors heading for the rapids…?
by Robert Stephens | Equities | 4 mins. to read Special dividends have long been overshadowed by share buybacks. The latter has proven popular with company management due in part to its positive effect on EPS, which is often linked to bonuses, and the flexibility it brings.
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