Europe

Headlines

Private equity investment into European companies hits ten-year high

European private equity invested €71.7 billion in 2017, up 29% from 2016Fundraising reaches €91.9 billion, up 12% year-on-yearCompany exits robust, valued at €42.7 billion divested at cost   Private equity investment in European companies hit a ten-year high in 2017 at €71.7 billion, a 29% year-on-year increase, according to new data...

Annual Fraudscape report reveals record number of identity frauds

Fraud prevention service Cifas recently published its annual Fraudscape report, citing that there were 174,523 cases in 2017, which is the highest number of identity frauds ever recorded. The data provides one of the most comprehensive pictures of fraud and fraudulent attempts made in the UK. The global banking sector is continuously updating...

Senior management changes at Investcorp

Investcorp, a leading global provider and manager of alternative investments, today announced a series of senior management changes designed to further accelerate the firm’s growth strategy and potential. The changes were in part catalyzed by Mohammed Al-Shroogi’s intention to retire as Co-CEO effective August 2018. Al-Shroogi, who joined...

M&A: A reputation minefield

One of the most significant mergers in British retail history is currently in the offing. As Sainsbury’s and Asda navigate the complexities of knitting together two shopping brands that speak to different shopping cultures and consumer heartlands, we look at the opportunities, and the possible pitfalls that are emerging. How can these two retail behemoths...

Hinckley- based business reports exceptional growth for 2018

Hinckley based employee engagement and digital solutions firm, Workvine has reported exceptional growth of 167% year-on-year according to the company’s 2018 financial data. This comes amid reports of the negative impacts an uncertain Brexit climate might bring for SMEs. With a study by academics at The University of St Andrews concluding that small...

Finance

Why it makes sense to invest in Treasury bonds

JOHN KENNETH GALBRAITH, a quotable economist, observed that one of the deeper mysteries is why, in a falling market, there is still a buyer for every seller. It is a conundrum that bond investors must now contemplate. Since January the yield on a ten-year Treasury bond has risen (and thus bond prices have fallen) with scarcely a backward step....

Bad loans remain a concern in Italy and across southern Europe

ITALY’S next government, a coalition between the populist Five Star Movement and the far-right Northern League, is giving investors plenty to worry about. Leaked plans, hastily abandoned, suggested it might want to leave the euro or ask the European Central Bank to forgive €250bn ($292bn) of Italian debt. But less attention has been paid to...

How psychotherapy improves poor mothers’ finances

IN 2005 and 2006, in northern Pakistan, some 900 pregnant women took part in an unusual experiment. All were in their third trimester and suffering from depression. Most families in the area rely on subsistence farming. Almost none of the women worked outside the home. This kind of life is hard. Perinatal depression (depression around the time...

Central banks should consider offering accounts to everyone

A RECESSION strikes. Central banks leap into action, cutting interest rates to perk up investment. But what if, as now, there is not much cutting to do, with rates already at or close to zero? In such cases the manual calls for purchases of government bonds with newly printed cash—quantitative easing, or QE—swelling the reserves each bank keeps...

Labour laws in 104 countries reserve some jobs for men only

EVEN as rich countries seek to rid workplaces of subtle gender bias, in many developing ones discrimination remains overt. According to the World Bank, women are barred from certain jobs in 104 countries (see map). “Gender equality in labour law is associated with more women working and earning more relative to men,” says Sarah Iqbal of the...

Legal

67% of law firms say skills shortages threaten growth

Despite the ongoing environment of geopolitical uncertainty, UK law firms remain optimistic about their growth prospects. That’s according to new research from specialist recruiter, Clayton Legal , which reveals that 66% of firms are looking to increase headcount over the next twelve months to contend with increased demand for their services. The...

Seedrs launches programme for financial intermediaries following record breaking Q3

The programme introduces wealthy individuals to early stage equity deals on Seedrs via their accountants, brokers and financial consultantsOver £3.6bn was invested into equity deals in the UK last year showing an increased appetite for startup investing45% of angels interviewed by the UKBAA about their early stage equity investments reported...

​Lamont Pridmore warn high earners about HMRC raids

Higher rate taxpayers have been warned by leading Cumbrian accountants Lamont Pridmore to be vigilant over their tax affairs.The warning comes after new data from HM Revenue & Customs (HMRC) shows that its Affluent Unit took an additional £438 million pounds of high earners.Off the back of this success the Unit, which investigates the tax affairs of...

A Legal Perspective on the Government’s Brexit White Paper

Following pressure from sections of Parliament and the public, Theresa May’s government has published a 77-page white paper document to set out a strategy for leaving the EU. But what does it add to what we already know? Stephen Chater, a solicitor at Postlethwate Solicitors, member firm of the UK200Group, explains.The UK200Group is the UK’s leading...

​32% law firms see private equity as a principal source of external funding

With growing competition from niche firms, law practices are actively seeking targeted acquisitions to scale-up in chosen disciplines.  32% see private equity as a principal source of external funding. Niche law firms seen as greatest source of competition. 59% of firms report a rise in competitive pressure. There is a sharp increase...

Deals

Seedcamp announces final close of fourth fund at £60M with support from over 100 Seedcamp founders, angels and mentors via Seedrs

The oversubscribed final close includes contributions of £2M from Seedcamp founders across the fund’s 11 year history through an innovative collaboration with crowdfunding platform, Seedrs Seedcamp announces second close of Fund IV at £60M£2M has been raised from over 100 Seedcamp founders, mentors and angels through a new partnership with SeedrsCollaboration...

Western European M&A value nearly doubles year-on-year

PE and VC investment down in April The volume and value of mergers and acquisitions (M&A) targeting companies based in Western Europe declined in April to 1,741 deals worth a combined EUR 129,536 million, according to M&A information collected by Bureau van Dijk, a Moody’s Analytics company, and the leading publisher of company information....

Clear Review closes first round funding at end of most successful quarter to date

Continuous Performance Management supplier notes sea-change as market moves from early adopters to early maturity Clear Review, a game-changing supplier of continuous performance management solutions, has successfully completed its first round funding with Mercia Technologies PLC. From its launch less than two years ago, Clear Review has seen growth...

GCI sets itself up for continued growth with Mayfair Equity Partners and the formation of a strategic acquisition fund over £60million

Mayfair Equity Partners LLP welcomes GCI into its portfolio, which includes restaurant chain YO! and alternative energy provider OVO Converged ICT Services Provider GCI is pleased to announce that Mayfair Equity Partners (“Mayfair”) has acquired a majority stake in the business. Mayfair’s investment also includes the formation of a new strategic...

Foresight Williams Technology EIS Fund invests £1.68m into Geospatial Insight

Geospatial Insight is a leading provider of satellite imagery analysis for insurance, investment and corporate sectorsEstablished team with +20-year track record in the sectorThe Fund supports disruptive technologies with high performance engineering capability and proven investment management Foresight Group (“Foresight”) announces the £1.68...

Acq Lite

Curious quokka licks cyclist's pedals in Western Australia

March 9 (UPI) -- A cyclist taking a break in Western Australia captured video of a curious quokka licking the pedals of her bicycle.Shannon Ducker said she was taking a break from cycling on Rottnest Island when the quokka approached her bicycle and started licking the pedals.Ducker captured video as the apparently hungry animal enjoyed the taste of...

IHOP announces breakfast-themed PancakeWear clothing line

March 9 (UPI) -- Restaurant chain IHOP announced the debut of its breakfast-themed clothing line, PancakeWear, created to benefit a children's charity.The eatery announced it will soon be offering onesies, loungepants and socks in adult and child sizes featuring breakfast-themed prints."The ultra-comfy PancakeWear by IHOP collection is the perfect accessory...

Cat credited with rescuing Pennsylvania couple from fire

March 9 (UPI) -- A Pennsylvania couple's pet cat is being hailed as a hero after alerting its owners to a late night fire that started inside their home.The McKeesport Fire Department said the couple were in bed about 1:30 a.m. Friday when their cat alerted them to something amiss inside their home."Fortunately, both were in bed at the time, and the...

Truck loses, drags two wheels on Oregon road

March 9 (UPI) -- A driver on an Oregon road captured video of a semi truck that somehow lost two wheels on a city road and dragged them for several yards.The video, filmed Monday on a street in Cornelius, shows the semi driving on a slow speed while dragging two wheels that somehow became separated from its trailer.The wheels drag behind the truck until...

'Sixth sense' sends woman back into store for winning lottery ticket

March 9 (UPI) -- A South Carolina woman said she owes her $250,000 lottery jackpot to a feeling that caused her to go back inside a store after finishing her shopping.The winner told South Carolina Education Lottery officials she was leaving The Spinx Company in Greenville when she felt compelled to go back inside the store and buy a $250,000 Extra...