There’s a new £260m fund eyeing UK tech startups November 7, 2016 UK-based venture capital fund Scottish Equity Partners has raised £260m for a new fund to invest in high growth tech companies in the UK and Europe. Previous investments include fashion site Matches.com, unicorn startup Skyscanner and language app Babbel. Read more: IG Group boss joins fintech startup board The latest fund, SEP V, is eyeing growth [...]
The pound is back below $1.24 after Hillary Clinton was cleared – but the FTSE 100 is rallying November 7, 2016 It looks like any euphoria felt by currency traders about Friday's High Court ruling over Brexit was short-lived: The pound was down more than one per cent against the dollar in early trading this morning, dropping below $1.24. The pound fell 1.01 per cent to $1.2391 as traders' faith in Hillary Clinton was restored after [...]
Premier Oil battling to hit deal deadline November 6, 2016 Struggling oil explorer Premier is battling to hit its deadline of the end of the year to secure a full-scale financial restructuring package. Premier is wrestling with the daunting task of finalising the £2bn deal with a team of 40 banks and advisers that has been pushed back from a previous deadline of September. Premier [...]
Crawford considers a London listing after ConvaTec success November 6, 2016 Dermatology and wound-care specialist Crawford is considering a market float after the recent success of rival ConvaTec. Crawford is looking “more closely” at an IPO, according to a report in the Sunday Telegraph, following ConvaTec’s listing last week. Shares in the company have climbed by some 10 per cent after coming to market on 26 [...]
At the close: FTSE 100 trembling ahead of US election week November 4, 2016 By this time next week Donald Trump could be President of the U.S.A. And the uncertainty has seen the FTSE 100 feel the impact. It fell by over 1.4 per cent by the close as the election jitters take hold of traders. Healthcare stocks, which are particularly sensitive to developments in the presidential race, were hit. Hikma Parmaceuticals [...]
Sterling’s hit a one month high against the dollar November 4, 2016 Sterling hit a one-month high against the dollar, today propelled by yesterday's ruling that only Parliament could start the process of leaving the EU. It was up as much as 1.6 per cent against the dollar at $1.2492 in afternoon trading in London, and up two per cent to €1.1263 against the euro. Mark Carney also helped [...]
Gold prices could rise as high as $1,850 because Donald Trump November 4, 2016 There are four days remaining until the US presidential election, and Democratic candidate Hillary Clinton's lead over Republican Donald Trump has narrowed to just three points in national polling averages. With the economic future of the US uncertain, gold prices have continued their upward crawl – with one expert suggesting prices could leap if Trump [...]
S&P 500 has its longest losing streak since financial crisis as Trump nerves worsen November 4, 2016 The US S&P 500 has recorded its longest stretch of declines since the financial crisis in 2008. That marks its eight day on the trot of drops – falling 0.4 per cent thanks to a drop in Facebook shares and ongoing uncertainty over the upcoming US presidential election, causing investors to dial back the risk. [...]
Dollar to suffer third day of losses over US election turmoil November 3, 2016 The US dollar is set to bear its third day of losses – a losing streak that the currency hasn't suffered for a month and a half. At time of writing, the US dollar was down 0.02 per cent against the euro, as the uncertainty over the outcome of the US presidential election continued to [...]
Recipe box startup Gousto gobbles up millions more in funding November 3, 2016 Food delivery startup Gousto is hungry for growth, landing millions more cash from investors. Unilever and Barclays are among the corporate investors ploughing a further £10m into the company which delivers fresh ingredients and recipes via subscription direct to people's doors. Read more: Antony Jenkins' fintech startup has revealed its first banking client LoveFilm entrepreneur Simon Calver's BGF Ventures, [...]