Crowdfunder launches £1m fundraising on Crowdcube November 4, 2015 Crowdfunder, the UK rewards-based crowd-funding site launches a £1m fundraising today to expand its business. The Cornish crowdfunding platform is looking to raise the money to create 50 new jobs, and link up with new partners, which currently include JCDecaux, Virgin StartUp and Not on The High Street. It is running the fundraiser with Crowdcube.com, [...]
Diet Chef raises £1.5m debt financing from LendingCrowd November 3, 2015 Diet Chef, the company that delivers diet food to your door, has secured £1.5m in debt financing from crowdfunding platform LendingCrowd. Launched in 2008, Diet Chef now has more than 150,000 customers and turnover of £15m last year. The deal is to fund a management buy-out by the founders Kevin Dorren and Andrew Veitch, with fixed-interest [...]
Just Eat share price drops eight per cent despite orders up 64 per cent November 3, 2015 Online home delivery marketplace JUST EAT failed to deliver for investors despite offering them a tasty 64 per cent increase in orders in its third quarter trading update. Shares closed down 1.63 cent, at 433.7p, having dropped as low as 408.2p, during trading. [stockChart code="JE." date="2015-11-03 17:00"] The company reported that the poor summer weather [...]
Michelin to close Ballymena tyre factory in County Antrim, resulting in the loss of 860 jobs November 3, 2015 French tyre manufacturer Michelin announced it is closing its factory in Ballymena, County Antrim, which employs some 860 people. The factory is to close by 2018, as part of a wider restructuring, which will also see a German factory close next year. The company cited "specific difficulties the site has been experiencing for several years" in forcing [...]
Shell’s chief executive Ben van Beurden announces an extra $1bn of savings to make $70bn BG deal work with low oil prices November 3, 2015 Royal Dutch Shell chief executive Ben van Beurden sought to reassure investors today that Shell's planned takeover of rival BG group will still work, assuming oil prices stabilise at around $60 a barrel. The deal, which is expected to complete early in 2016 and could be worth as much as $70bn (£45.3bn), is one of the biggest mergers announced [...]
Gfinity raises much-needed £1m from share sale after reporting loss of £3.6m November 2, 2015 Gfinity, the eSports – or gaming – company, held an accelerated share sale yesterday to raise £1m, after reporting a loss of £3.6m in the year to 30 June. The 19p share price represented a discount of approximately 22.4 per cent. The company issued a little over five million new ordinary shares, which accounts for around [...]
Visa Inc share price down as it agrees to buy former subsidiary Visa Europe for €21.2bn November 2, 2015 Visa Inc announced this morning it has reached a deal to buy its former subsidiary Visa Europe for as much as €21.2bn (£15bn). The consolidation of Visa Europe's 500 million card accounts, worth more than €1.5 trillion, will create a single global payments company. The upfront payment comprises of €11.5bn in cash and €5bn-worth of preferred stock (which pays fixed dividends, taking [...]
Finncap remains top of the AIM stockbrokers, ahead of Panmure Gordon and WH Ireland November 2, 2015 FinnCap has retained its position as top AIM stockbroker, leaving rivals trailing in the dust with its 105 junior-market clients, according to Adviser Rankings’ data for the three months to October. Panmure Gordon gained four new clients, bringing it up to joint second place with WH Ireland, helped along by its acquisition of Charles Stanley Securities whose [...]
M&A boom set to continue with UK companies looking to China, the US and Eurozone countries for mergers and acquisitions November 2, 2015 The recent wave of mergers and acquisitions looks set to continue, as UK companies capitalise on the economic recovery and set their sights on acquiring foreign companies. Moving away from slowing emerging markets, UK companies are turning to developed countries to shop for acquisitions in an attempt to stimulate growth, and tackle the challenge of [...]
CBI says UK SME exports are at their lowest levels since the recession while the EEF calls for more innovation support November 2, 2015 Export orders for UK's small businesses have fallen at the fastest rate since 2009 and domestic orders were also down for the first time in over two years, according to data released today by the Confederation of British Industry (CBI). Over the three months to October, SME confidence fell for the first time since January 2013. According the CBI's [...]
