Angel fund backed by former Credit Suisse CEO and Bridgerton star raises over £8m August 29, 2024 An angel fund backed by the former CEO of Credit Suisse and Bridgerton actress Charithra Chandran has raised $10.9m (£8.3m) in its first close. The Arāya Super Angel Fund, run by Arāya Ventures, is set to invest in up to 60 pre-seed and seed stage founders over the next four years in health tech, fintech, [...]
Uber partners with Wayve to offer self-driving rides August 29, 2024 Uber has already announced tie-ups with self-driving group's Waymo and Cruise this year as it pushes into the nascent autonomous vehicle market.
Stake in Lewis Hamilton’s non-alcoholic spirit Almave bought by Pernod Ricard August 29, 2024 A stake in Lewis Hamilton’s non-alcoholic tequila alternative has been snapped up by spirits giant Pernod Ricard. Pernod Ricard did not disclose the size of its investment in the brand but did confirm that it was a minority stake. Seven-time Formula One world champion Lewis Hamilton co-founded the brand, alongside drinks incubator business Casa Lumbre [...]
Activist short seller Hindenberg accuses stock behind AI boom of ‘accounting manipulation’ August 28, 2024 Activist short seller Hindenberg Research has targeted Super Micro Computer in its new report for “accounting manipulation”, as the group takes aim at the centre of the AI boom. The $32bn company has “ridden the wave of AI enthusiasm” to grow its stock price almost 700 per cent over the last two years, the group [...]
Arts and crafts giant Hobbycraft sold to Ted Baker investor August 27, 2024 Hobbycraft, which is one of the UK’s biggest arts and crafts retailers, has been snapped up by a specialist investor whose team has previously supported chains including Paperchase and Tie Rack. Investment group Modella Capital announced it had bought the Bournemouth-headquartered company from its majority owner, the fund management group Bridgepoint, for an undisclosed sum. [...]
Helium One snaps up stake in major US project as global expansion takes off August 27, 2024 London-listed helium explorer Helium One has acquired a significant stake in two major US projects as it continues its quest to expand its global footprint. The firm, which is the biggest helium explorer in Tanzania, has signed an agreement to acquire a 50 per cent stake in Blue Star Helium’s Galactica-Pegasus project in Colorado. Helium [...]
Why public-private partnerships are more difficult in the UK August 18, 2024 Labour's promised big on growth by backing the City, but successful partnership with business is easier said than done, writes Andrew O'Brien.
A London 2040 Olympics would show investors we mean business August 13, 2024 Investors need to believe London is confident in its long-term future. How better than by bidding for the 2040 Olympics, asks Jace Tyrrell For many in London, the Paris Olympics have brought back fond memories of 2012, while also reminding us of the Games’s unique power to supercharge investor interest in cities. So why don’t [...]
Aquis Exchange boss says UK poised for ‘tidal wave’ of foreign investment under Labour August 12, 2024 The chief executive of challenger stock exchange Aquis has said the UK is in store for a "tidal wave of international investment" following Labour's election victory.
Inmotion Ventures: Jaguar Land Rover’s investment arm slips to loss after busy year August 12, 2024 Inmotion Ventures, the investment arm of Jaguar Land Rover (JLR), made a loss during its latest financial year after backing six new companies. The Coventry-headquartered business has posted a pre-tax loss of £2.6m for the year to March 31, 2024, newly-filed accounts with Companies House have revealed. The loss comes after Inmotion Ventures made a [...]