Short sellers back away from gun makers’ stock as sales soar ahead of Obama crackdown January 7, 2016 The prospect of increased gun control in the US has certainly not fazed investors, as a record number of Americans tried to buy guns in 2015, sending short sellers running for cover. In fact, talk of a crack down seems to have bolstered gun makers’ stock, and short interest in the shares is at a three [...]
Park Vale Capital’s cool £16m investment in Dearman’s zero-emissions liquid nitrogen freezer tech January 7, 2016 Park Vale Capital has announced it is investing £16m in Dearman’s liquid nitrogen freezer technology. Dearman, a clean energy start-up founded in 2011, will use the funding to develop and commercialise its zero-emissions ‘cold and power’ refrigerator engines, to be used in supermarket vans delivering food. Commercial trials are due to begin early this year, with [...]
Chipotle served with a grand jury subpoena in the criminal investigation into the norovirus contamination in a California restaurant January 6, 2016 Troubles continue for restaurant chain Chipotle Mexican Grill, which has been served with a grand jury subpoena in the criminal investigation into the norovirus contamination at one of its restaurants. The investigation concerns a case of norovirus contamination, a highly contagious virus causing winter vomiting disease, at a California outlet in August. It was the first [...]
Mergermarket buys London-based Creditflux as private equity owner BC Partners looks for global growth through acquisitions January 6, 2016 Mergermarket, the online financial news service, has bought Creditflux, a London-based data provider, for an undisclosed sum. The acquisition is the latest in Mergermarket’s recent shopping spree, having bought four businesses in as many months: due diligence service C6, private equity and venture capital news provider Unquote and the Asian Venture Capital Journal. Mergermarket is [...]
Neil Woodford-backed Proton Partners International receives £30m loan from Shawbrook bank to fund development of three proton therapy centres January 6, 2016 Challenger bank Shawbrook has agreed a £30m loan for Proton Partners International, which is developing the UK’s first dedicated proton beam therapy centres. Proton therapy is a treatment for cancers where it is essential to avoid damaging healthy tissue around the tumour. The company, which has been backed by Neil Woodford, is planning to build three [...]
Interest rates, a Fintech revolution and more investment in the UK: what former Lord Mayor Roger Gifford predicts for the City of London January 6, 2016 Sir Roger Gifford, member of Multrees Investor Services Board and former Lord Mayor of London, tells City A.M. what he expects for the City of London in 2016. The Fintech revolution The importance of Fintech to London can perhaps be seen most clearly through the 44,000 plus people who are employed in the sector – [...]
UK attracts record £2.46bn of venture capital investment into tech and London secures more than 60 per cent of the funding January 6, 2016 Venture capitalists invested a record $3.6bn (£2.46bn) in the UK's tech scene in 2015, up 70 per cent from the year before, according to data from London and Partners, the Mayor’s promotional company. London-based crowdfunding company, Funding Circle secured the largest single deal of the year with a $150m funding round led by DST Global in April [...]
A bad start to the year for Sainsbury’s, Anglo American, Aberdeen Asset Management and Burberry, who top the list of most shorted shares of 2016 January 5, 2016 Sainsbury's yesterday revealed it had made an approach to takeover Home Retail Group, the owner of Argos and Homebase, in a bid to reverse its faltering fortunes. The report came as the extent of the Big Four supermarket’s woes were laid bare by new data revealing that its shares were the most shorted on the [...]
Record venture capital investment into London tech companies reaches £1.56bn January 5, 2016 Venture capitalists poured a record $2.28bn (£1.56bn) into London’s tech scene last year, according to data from London and Partners, the Mayor’s promotional company. London secured 63 per cent of investment in the UK, which is a testament to London's “world-class talent pool and culture of innovation and entrepreneurial spirit,” according to Mayor Boris Johnson. [...]
Changing of the guard at Hermes Investment Management as former Odey boss David Stewart is named chairman January 5, 2016 Hermes Investment Management today announced David Stewart is to replace Paul Spencer as chairman. Spencer has been chairman since 2011, and on 1 January 2016 he took over as independent non-executive chairman of the Prudential Assurance Company (PAC), the UK subsidiary of Prudential. Stewart is currently a non-executive director at Hermes having joined the board in April last [...]
