Introduction to IP Group’s New Chairwoman

The IP group, an early stages investor, is considering a new chairwoman. Among the candidates is Iain Conn, a former head of Centrica, the owner of British Gas.

Iain Conn’s Background

Iain Conn spent a decade in senior roles at BP. He left Centrica in 2020 after five years in the top job.

Decision on New Chairman

According to City Sources, a decision by IP Group would be made by the board of the IP group about the next chairman before the end of the year.

Companies Supported by IP Group

The IP Group has supported companies such as Health, who recently listed in New York and London, and Oxford Nanopore listed in London. Last year, it benefited from a significant payment for its share of feature pace after selling 700 million GBP to Visa.

Current Market Performance

The company listed in London also includes participants in companies such as First Light, a specialist for nuclear fusion fusion. This week, after the half -year result, she announced, in which he described "Financial delays and pricing for Oxa and Artios", in which the value of his participations decreased by more than 35 million GBP. The IP group’s shares were traded at around 53 Pence on Thursday afternoon, which gave the company a market capitalization of almost exactly 500 million GBP.

Response from IP Group

A spokeswoman for the IP group rejected a statement.