- IP Group has completed its acquisition of Fusion IP.

Fusion IP chief executive David Baynes and chairman Doug Liversidge have joined the IP Group board in executive and non-executive capacities respectively.

IP Group chief executive Alan Aubrey said: "We are delighted to have completed the acquisition of Fusion IP plc and I would like to welcome David and Doug to the IP Group board and all of the Fusion employees to IP Group. Together, we have greater breadth of coverage, enabling us to access a wider pool of intellectual property as well as improve our service offering to existing and potential research institutions both in the UK and internationally. We firmly believe that the enlarged business will enhance shareholder value."

At 8:22am:

[LON:IPO] IP Group PLC share price was -2.6p at 208.4p

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