Stock picking in the London market feels like trying to track down a leaf in a hurricane. International businesses are gearing up to pounce on a fire sale of newly cheapened British assets.
As ever, technology is at the centre of the storm. High-growth tech companies have already been consumed by foreign suitors in recent months, including the software maker Micro Focus and cybersecurity firm Avast. France’s Schneider Electric is circling software developer Aveva, and a US buy-out firm is doing the same at GB Group, which makes anti-fraud technology.
Speculation is rife as to who is next. Any target would need to prove that it can grow over time.
Step forward Kape Technologies. The company is only five years old, but has seven
