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MARKET REPORT: Micro Focus on cloud nine after Amazon deal

Micro Focus did not say how much the deal was worth but it has issued warrants to Amazon that would give it access to shares in the company worth £71million. Striking any partnership with Amazon will be good for the company’s prestige, however, particularly as it will be offering a service that is in increasingly high demand.  Stock Watch - Smart Metering Systems  Smart Metering Systems rose after deals with two fast-growing – though unnamed – small energy providers. It also announced it snapped up 15,000 devices from a group called Industrial and Commercial, for £8.3million. And it will take over data service contracts for another 20,000 smart meters, which will generate an extra £2million each year. 

Smart Metering Systems acquires electricity meters for £8 3m | 3 March 2021

Smart Metering Systems acquires electricity meters for £8 3m | 3 March 2021
stockmarketwire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from stockmarketwire.com Daily Mail and Mail on Sunday newspapers.

PEOPLE MOVES: AllianceBernstein, EFG, SimplyBiz

UK investment firm chief executive steps down, as private bank makes c-suite change AllianceBernstein The UK chief executive and head of Emea client group Jamie Hammond is leaving the firm at the end of the month, our sister publication Portfolio Adviser has learned. Hammond will depart at the end of February after five years “to pursue new opportunities”. Before joining AB in January 2016, Hammond spent 15 years at Franklin Templeton where he was managing director of Europe, heading its retail and institutional business across the region. AB chief administrative officer (UK) Ian Foster has been named acting chief executive and Onur Erzan, head of global client group, will oversee Emea distribution while a permanent replacement for Hammond is found.

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