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Monitise, whose technology enables banking transactions to be carried out over mobile phones, has secured $1.5 million (£1 million) to expand into Africa.

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Opsona Therapeutics, a drug development company based in Dublin, has completed a Series B round of funding.

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The number of business owners confident of securing bank funding has plummeted from 73 to six per cent over the past year, according to research.

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Global IT and management consultancy Bearingpoint has filed for Chapter 11 bankruptcy protection in the US.

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Monitise, whose technology enables banking transactions to be carried out over mobile phones, has secured $1.5 million (£1 million) to expand into Africa.

News

Although asset management fees were stable in 2008, this year could see a greater willingness from asset managers to negotiate their fees downwards, especially in alternative asset classes, according to consultancy Mercer.