10.10am: Move to technology investment does the trick
The listing of crytocurrency exchange Coinbase later on Wednesday has put the spotlight back on Bitcoin, blockchain et al – as if it is ever really off these days.
So congratulations to Clear Leisure PLC (LON:CLP) which has chosen this perfectly timed moment to announce it will change its name to Quantum Blockchain Technologies PLC.
The investment company currently has historically been buying stakes in businesses in the leisure, hospitality, media and technology sectors. But over the past five years, since the appointment of Professor Francesco Gardin as chief executive, it has been moving its investment focus away from the leisure and hospitality sectors, and towards the technology sector.
In a notice calling a general meeting, it has confirmed that technology alone is where it really wants to be in future, specifically in the areas of blockchain, artificial intelligence, cryptocurrencies and quantum computing.
And with all those buzzwords, its shares have jumped 11.32% or 0.3p to 2.95p
