Quantum Blockchain Technologies
The disruptive blockchain investor Quantum Blockchain issued a note to the market this morning which received a warm welcome from investors. The company provided an update on its latest blockchain mining method which is reducing energy consumption by 30% (or for the same energy use, can increase hash rates by around 30%). The finding come after three years of research but management see it as being a significant breakthrough for the entire industry. The Quantum Blockchain share price is up 190% in early trade.
The FTSE-250 listed investment manager issued the shortest of trading updates today but evidently provided some cheer for investors. The company noted that AUM at the end of the calendar year was up from the positions printed both at the end of Q3 and a year ago. Whether there are other drivers afoot here remains to be seen but before 9am gains for the Ninety One share price left it topping the table, up by more than 6%.
The media company published its full year trading update this morning which showed modest revenue growth of 3.5% but in light of the macroeconomic backdrop, this has still given cause for cheer. Management note that the second half result reflected their global network and specialist capabilities within the new agile, regional-first operating model. Combined with the execution of an ongoing group-wide transformation, this is attributed with delivering the positive impact on the business. The M&C Saatchi share price was up as much as 10% shortly after the open but had given back some of those gains by 9am.
Most read news on Investegate this morning
Trading Update - - IG Design Group (IGR)
Operations and strategic update - - Fairview International (FIL)
