Latest from Banking & Finance

Invoice finance can be a good alternative for SME funding

A visual guide on how factoring works

Alternative approaches to SME funding such as invoice finance (factoring and invoice discounting) are now offered by the top banks and independent lenders across the UK.

Domestic M&A has not been hit as hard, down from £1.8 billion to £1.1 billion

UK cross-border M&A lowest since 1987

The value of M&A in the UK dropped in the first quarter of 2012 as cross-border deals with a UK buyer hit a 25-year low, new statistics show.

Cennox's services are used by the London cycle scheme to prevent card skimming

Cennox latest to receive BGF support

The Business Growth Fund has closed its tenth deal by backing ATM services business Cennox through a £3 million investment.

The Millennium Hotel in Mayfair was the location for the 2012 M&A Awards

Tom Black scoops Dealmaker of the Year award

The M&A Awards of 2012 recognised outstanding achievement in the UK mid-market over the past 12 months.

Chancellor George Osborne first announced the plan back in November 2011

Government frees up £100 million for social lenders

Non-bank providers of finance will be able to grab a share of the £100 million Small Business Tranche of the Business Finance Partnership after the opening of an application process.

The Ascension Creative Enterprises EIS fund is targeting £5 million

First SEIS fund launched

Ascension Ventures is seeking £1.5 million for what has been billed as the first fund to be raised under the newly established Seed Enterprise Investment Scheme (SEIS).

Richard Bishop, head of investments at the Business Growth Fund

The Business Growth Fund one year on

A year after the formation of the bank-backed Business Growth Fund, Hunter Ruthven speaks to investment director Richard Bishop to find out how the firm has gone about selecting its investments and what the future looks like for the £2.5 billion fund.

Zebit has completed over a million transactions through its platform

Lending service Zebit closes equity deal

UK-based Zebit has linked up with Mohr Davidow Ventures to fund the next stage of its payment platform's development.

Zebit

BVCA members invested £18.6 billion during 2011

PE and VC funds post solid returns

Private equity and venture capital funds are outperforming pension fund assets and the FTSE All-Share, according to industry body the British Venture Capital Association (BVCA).

London-based football club Arsenal joined PLUS-SX when it was called OFEX

ICAP buys PLUS-SX for £1

Loss-making junior stock exchange PLUS-SX is to be sold to inter-dealer broker ICAP for a nominal sum.

Michael Queen spent three years as chief executive of 3i

Borrows takes over from Queen at 3i

Three months after stepping down as head of 3i, Michael Queen has been replaced from within by Simon Borrows.

Front-runner

Riding on a wave of fast-growing European technology companies is Ben Holmes of Index Ventures. GrowthBusiness asks him about his personal investment approach and the prospects for British tech firms.

Cyril Theret, CEO of PLUS Markets Group

PLUS admits defeat and is set to wind down

The board of PLUS Markets Group has given up its search for a new buyer and initiated an ‘orderly closure’.

Braveheart has raised £500,000 since its acquisition of Neon Capital Partners in March

Braveheart reaches £500,000 target

AIM-listed investment management group Braveheart has raised £164,000 by way of a subscription by new and existing shareholders for 1,093,333 new ordinary shares.

Sharemark provided a three month window for interested PLUS companies

PLUS companies resist Sharemark offer

Sharemark has failed to entice any PLUS-quoted companies to join its trading platform, as businesses await news on the future of PLUS.
 

TransferWise was founded in 2011 by former Skype employee Taavet Hinrikus

First Skype employee secures seed capital

Index Ventures has led a seed funding round in money transfer service TransferWise to allow the business to attract new staff and develop its technology platform.

Bobby Lane, partner at accountancy firm Shelley Stock Hutter

Courting the banks

Bobby Lane, partner at accountancy firm Shelley Stock Hutter, talks to GrowthBusiness about how best to secure bank finance.

Johnny Hewett: 'Trust and respect evolve over time'

Investing in partnerships

Johnny Hewett, CEO at private equity firm Smedvig Capital, looks at management and investor relations and explains its importance in a cordial partnership.

Data Explorers provides financial data for use by businesses and asset managers

Bowmark sells Data Explorers

Data Explorers has moved from private equity to trade ownership through a sale to a US buyer.

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How short term loans can keep your start-up afloat

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Directors' Pay on AIM 2016

The annual Directors’ Pay on AIM report is the most comprehensive review of directors’ remuneration on AIM available. It’s ideal for benchmarking your team’s salary, that of your organisation and even your own salary.