Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers

IP Group Says First-Half Net Loss Widens on Impairment Charge

IP Group Plc, a U.K. developer of renewable energy, medical and chemicals businesses using university research, posted a wider first-half loss as it took a 3 million-pound ($4.9 million) charge.

The net loss for the six months to June 30 swelled to 4.1 million pounds from 3.8 million pounds a year earlier, the London-based company said today in a statement distributed by the Regulatory News Service. Net assets rose 33 percent to 222.6 million pounds.

IP Group took an impairment charge relating to consideration paid to the University of Oxford. The company raised 55 million pounds from a placing and open offer in June to strengthen its balance sheet and increase investment in start-ups.

“We continue to believe that innovation has never been of such importance to the U.K. economy and that the group will play an increasingly central role in helping U.K. innovation reach the market,” Chief Executive Alan Aubrey said in the statement.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.