As he reflected on his time running DVD rental business LoveFilm, retail veteran Mark Livingstone declared: “I fundamentally believe that it is right for a company to have a change of leader as it progresses . . . I’m not afraid to accept that whatever business I run may well have a best-by date for my skillset.”
It is a judgment the listed tech minnow Nanoco would be wise to heed.
The Manchester-based company, valued at £31.5m, makes non-toxic quantum dots — specks of material that emit light. They can be used to create razor-sharp displays on televisions and mobile phones, or help plants grow in poor light.
Hopes that Nanoco could become a cog in tech supply chains made it a closely watched stock