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onefinestay banks on London success to raise new funds

On the back of success with its upscale accommodation service in London, onefinestay has closed its Series B funding round and attracted the interest of venture capital firm Canaan Partners.

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Cable looks to curb excessive executive pay

The UK government has laid out what it describes as the most 'far-reaching reform' of directors' pay in a decade.

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Germany looms in the mirror for the UK

Despite the UK remaining Europe's 'top destination' for foreign direct investment, Germany is set to top the pile in two years.

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Applications close for Regional Growth Fund

The third round of the Regional Growth Fund has attracted 409 bids, compared to 464 and 492 in the previous two processes.

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Healthcare deals for the Business Growth Fund

The Business Growth Fund has taken its June dealmaking to four transactions on the back of its new investment into Springfield Healthcare Group.

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Empyrean taps Macquarie for US$10 million

AIM-quoted oil and gas company Empyrean Energy is to draw down the first US$10 million (£6.4 million) of its debt facility with Macquarie Bank.

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Oxford Immunotec raises US$28 million in fifth round

Medical diagnostics company Oxford Immunotec has secured US$28 million (£18 million), bringing total funds raised to more than US$100 million.

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Index keeps faith in Europe with new €350 million fund

A new fund of €350 million from Index Ventures is expected to go primarily to Europe-based entrepreneurs pursuing global opportunities.

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Oxford Immunotec raises US$28 million in fifth round

Medical diagnostics company Oxford Immunotec has secured US$28 million (£18 million), bringing total funds raised to more than US$100 million.

News

Index keeps faith in Europe with new €350 million fund

A new fund of €350 million from Index Ventures is expected to go primarily to Europe-based entrepreneurs pursuing global opportunities.

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Encore invests in testing equipment company

The owners of Technical Software Consultants, which makes equipment to test metallic structures for cracks and defects, have sold most of their shareholding to a London-based investment firm.

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Powwownow acquires Conference Genie

The provider of free conference calls is looking to strengthen its grip on the UK market with the acquisition of a rival company.

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Local businesses worth double internet economy

British people spend £88 a week at pubs, newsagents and other local businesses, adding up to £218 billion a year, new research finds.

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Bridges Ventures cleans up with Pure Washrooms

London-based Bridges Ventures has exited its investment in Pure Washrooms, a Coventry-based washroom installation and maintenance business.

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