Continuing economic uncertainty means most businesses are still cautious about raising finance in 2013, research finds. According to a study of 800 business leaders by YouGov on behalf of Baker Tilly, more than 80 per cent of businesses that raised finance over the last 12 months had turned to their bank to meet those funding requirements. However, despite the generally positive attitude towards banks revealed by the study, businesses are still very cautious about increasing their debt. Fewer than one in four say they plan to raise finance this year,
Read more →Penta Capital has provided £8 million in new acquisition capital to Six Degrees Group, to coincide with the business undisclosed purchase of Cloud Computing Centre CCC.Six Degrees Group operates in the managed data services sector and was set up following the sale of Mills previous business, SpiriTel, to AIM-listed communications company Daisy Group for £27 million in November 2010.It was created by securing £60 million worth of funding and buying up data centre provider UKSolutions, technology business NetworkFlow and voice player Protel, all with help from Penta Capital.According to a
Read more →via Chancellor shores up the banks with £100 billion | The Times. Britain’s stricken economy was thrown a lifeline of at least £100 billion yesterday as the Government scrambled to prevent a new credit crunch. In the most significant response to date to the threat of a euro breakup, the Chancellor and the Governor of the Bank of England offered tens of billions of pounds to banks to boost lending and help the sector to protect itself against a Greek exit. George Osborne said that the move proved that Britain was
Read more →Royal bank Coutts has found that 72 per cent of entrepreneurs do not believe that venture capital is the best way for a business to realise its growth potential. Despite the finding that 69 per cent of entrepreneurs say venture capital cash will help deliver faster growth to a company, the majority doubt the sustainability of the experience. Only 19 per cent of those questioned say that it is a sustainable system. Further findings show that nearly a quarter of entrepreneurs (25 per cent) admit that VC investment is likely
Read more →Notion PE fund is due to raise $150m to support cloud services and applications development.
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