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Pin to quick picksInsig Ai Plc Share News (INSG)

Share Price Information for Insig Ai Plc (INSG)

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Share Price: 11.50
Bid: 11.00
Ask: 12.00
Change: -1.25 (-9.80%)
Spread: 1.00 (9.091%)
Open: 12.75
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Low: 11.50
Prev. Close: 12.75
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EXECUTIVE CHANGES: Barclays names investment and consumer bank heads

Wed, 10th Nov 2021 14:39

(Alliance News) - The following is a round-up of London-listed company director and manager changes announced on Tuesday and Wednesday and not separately reported by Alliance News:

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Barclays PLC - London-based bank - New Chief Executive CS Venkatakrishnan names Paul Compton as global head of the Corporate & Investment Bank and president of Barclays Bank PLC. Compton, who previously had been global head of Investment Banking and co-president of Barclays Bank, now also will lead Global Markets, Research and Corporate Banking. Before his promotion earlier this month to replace Jes Staley, Venkat had been head of Global Markets and co-president of Barclays Bank. Venkat also names Alistair Currie as global head of Consumer Banking & Payments, having previously been head of Corporate Banking. Meanwhile, Ashok Vaswani is named to the new role of chief digital strategy officer. All three roles report into Venkat. "I consider myself very fortunate to take on my new role with a world-class team alongside me on the group executive committee," Venkat says. "We will work closely together on not only delivering an outstanding product and service set for our customers and clients, but in accelerating our growth and shareholder value."

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Titon Holdings PLC - manufacturer of ventilation systems - Mat Norris resigns as CEO to "take up another role". Norris will leave on February 9 next year, having only joined on May 1. "The board of Titon is disappointed with Mat's decision to resign after such a short period at Titon," says Executive Chair Keith Ritchie. He says a search for a new CEO will begin immediately. On December 16, Titon will publish results for the financial year that ended on September 30, and it says they will be in line with its expectations.

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Cairn Homes PLC - Dublin-based housebuilder - Hires Orla O'Gorman as independent, non-executive director, effective immediately. O'Gorman was head of Equity at the Irish Stock Exchange and involved in the sale of ISE to Euronext in 2018. The move follows the addition to the board in September of Julie Sinnamon, the former CEO of Enterprise Ireland. Meanwile, Jayne McGivern has stepped down to take an executive role elsewhere, and Andrew Bernhardt will retire at the end of 2021.

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Insig AI PLC - London-based machine learning and data science firm serving asset management industry, formerly known as Catena - Hires Colm McVeigh as chief commercial officer and executive director. McVeigh is a former BT Group PLC executive, where he was CCO for BT One Phone, a mobile cloud software-as-a-service joint venture. Prior to his more than 10 years at BT, McVeigh worked for 7 years at Vodafone Group PLC.

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By Tom Waite; thomaslwaite@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

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4 Apr 2024 17:24

TRADING UPDATES: Northcoders launches bootcamp; Schroder invests

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

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2 Apr 2024 15:06

TRADING UPDATES: Insig AI eyes revenue fall; Phoenix Digital sound

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

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28 Dec 2023 16:46

London close: Stocks slip as US jobless claims top expectations

(Sharecast News) - London's stock markets experienced a modest decline on Thursday, as the day unfolded with a pronounced lack of significant market-moving developments.

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28 Dec 2023 12:27

London midday: Stocks reverse gains to turn lower at lunchtime

(Sharecast News) - London's stock markets had turned negative by lunchtime on Thursday, reflecting a subdued trading environment during the typically quiet period between Christmas and New Year.

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28 Dec 2023 08:29

London open: Stocks start the day in positive territory

(Sharecast News) - Stocks in London opened higher on Thursday amid a dearth of corporate news, after another advance for the S&P 500.

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28 Dec 2023 07:43

Insig AI gets listing on UN climate tool dashboard

(Sharecast News) - Machine learning and data science specialist Insig AI has achieved listing on the United Nations Climate Risk Tool Dashboard, it announced on Thursday.

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20 Dec 2023 14:19

IN BRIEF: Insig AI interim loss narrows as costs decrease

Insig AI PLC - London-based data science and machine learning firm - Interim loss narrows 36% to GBP1.8 million in the six months to September 30, from GBP2.8 million a year prior. Revenue declines 7.5% to GBP882,478 from GBP953,563. Administrative expenses decrease 33% to GBP2.2 million to GBP3.2 million. Looking ahead, Insig AI says: "Based on our expectations for new business wins in the coming quarter and beyond, we believe that the business has sufficient working capital. However, the board would consider an injection of equity should a potential partner wish to take a strategic equity stake to fast track growth. The board's view is that should this occur, pricing should reflect the value of the company's repository of corporate disclosures and its machine learning and data science expertise."

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15 Nov 2023 18:10

TRADING UPDATES: Synthomer trading consistent with expectations

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:

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30 Oct 2023 10:44

Insig AI launches index to make corporate reporting more transparent

(Alliance News) - Insig AI PLC on Monday launched its Transparency and Disclosure Index, designed to give investors a better sense of how effectively firms are disclosing non-financial information.

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15 Sep 2023 12:06

Insig AI discussing partnerships with several parties

(Sharecast News) - Insig AI said in an update on Friday that it had continued to progress discussions with several parties in recent weeks in a bid to secure partnerships and distribution agreements.

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14 Aug 2023 09:43

Insig AI loss widens on impairment costs; revenue rises

(Alliance News) - Insig AI PLC on Monday said its full-year revenue rose but its loss widened on an impairment charge.

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4 Jul 2023 14:09

IN BRIEF: Insig AI agrees revised terms for convertible loan agreement

Insig AI PLC - London-based data science and machine learning - Says that it has agreed to revised terms with Richard Bernstein, the convertible loan holder, as announced on September 12 for GBP750,000. Insig AI explained at the time that it had agreed to a convertible loan because it needed further working capital over the short term and potentially the medium term. The company and Bernstein agree to extend the term of the convertible loan note agreement by six months to December 30. All other terms of the agreement remain unchanged.

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24 Apr 2023 19:21

TRADING UPDATES: acccesso buys firm, Card Factory ups outlook

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News:

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6 Feb 2023 11:20

IN BRIEF: Insig AI shares up on new AI integration capabilities

Insig AI PLC - London-based data science and machine learning - Says it has conducted a series of tests using ChatGPT and other Generative AI models, and it is now able to integrate "the latest AI capabilities" from Alphabet Inc's Google, Open AI and the most advanced models such as ChatGPT and GPT-3. "We regard the advancement of this type of text based analysis as the ideal overlay to our existing repository of machine readable ESG and corporate data. Combining the deep contextual understanding that ChatGPT brings with our highly focused ESG natural language processing classifiers will provide differentiation in surfacing the most relevant ESG disclosures, thereby increasing overall analysis and productivity," Insig says.

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