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Share this After a decent start to the month the last two weeks have seen the FTSE 100 take a bit of a pause, and though we’ve struggled to maintain a foothold above 7,000, the index is still up for the third successive month in a row. It’s also important to note that while the FTSE 100 has underperformed, the FTSE 250 has made new record highs this month. It’s been a similarly choppy and mixed end to the week for the rest of Europe’s markets, with the DAX struggling more than most as it looks set to close lower for the second week in succession. although on the day we could well eke ...

Darktrace shares surged by more than 30 per cent after the company floated in London for the first time.  Investors piled into the Cambridge-based cyber-security company yesterday lifting the price of its stock from 250p to 330p, and sending its market value up from £1.7billion to £2.2billion.  The strong opening, under the ticker 'DARK', was a huge boost for London's technology sector, and a sign that investors had put the disastrous Deliveroo IPO flop behind them.  On the up: Darktrace, led by Poppy Gustafsson (pictured), cut its initial valuation by £1billion Darktrace cut its initia...

Darktrace Shares Surge 44% in Trading Debut After London IPO Swetha Gopinath and Amy Thomson, Bloomberg News Computer code displayed on screens arranged in Danbury, U.K., on Thursday, Jan. 7, 2021. In the spring, hackers managed to insert malicious code into a software product from an IT provider called SolarWinds Corp., whose client list includes 300,000 institutions. Photographer: Chris Ratcliffe/Bloomberg , Bloomberg (Bloomberg) -- Cybersecurity company Darktrace Plc’s shares jumped as much as 44% in its first day of trading after ra...

solar Darktrace’s IPO will be London’s first major listing since Deliveroo’s [ROO] disappointing public debut. The Cambridge-based cybersecurity company is looking to list on the London Stock Exchange in a move that could value it at £3bn, the Financial Times reports. Unlike Deliveroo [ROO], Darktrace will list on the premium segment of the LSE, making it eligible for FTSE indexes. Deliveroo’s decision not to list in the premium segment was one of the reasons ETF buyers avoided ...

D ELIVEROO’S FLOTATION in March did nothing to enhance London’s prospects of becoming a tech-listing magnet. Shares in the meal-delivery startup are trading at two-fifths below their offer price. Now London’s hopes hang on Darktrace, a cyber-security firm which this week confirmed its plan to list on the London Stock Exchange in early May. Listen to this story Enjoy more audio and podcasts oniOSorAndroid. Darktrace is expected to seek a valuation of around £3bn—modest, compared with Deliveroo’s of £7.6bn. Software is a better business than food delivery, too, and Darktrace has pow...