Too much electricity in the summer and too little in the winter. Fifty-year-old coal plants being paid tens of millions of pounds to stay on because replacements aren’t being built. Electricity prices more than double those in the US. Panic measures to buy in more and more foreign electricity. These acute failures in British energy policy [...]
Energy company RWE has cancelled its dividend for the second successive year, after writedowns of 4.3bn euros (£3.6bn) on its power plants. The UK, as well as the Netherlands and Turkey, was affected by the writedowns, which led to a surprise net loss of 5.7bn euros (£4.8bn) during 2016. "The difficult market environment made impairments necessary," said [...]
Anyone who dares to say anything even remotely critical about the financial revolution of crowdfunding risks being labelled as an unpatriotic, cynical envoy of the big banks. Celebrity investors from London’s Silicon Roundabout tech hub have been backed up by endless government ministers in asserting that “alternative finance” holds the key to the future of our economy. Using these [...]
A senior figure in the EIS community is warning advisers that they should start their EIS ‘season’ early, way before the traditional period of January to the end of the tax year. CEO of Kuber Ventures Dermot Campbell says that advisers should start looking at their client’s EIS needs next month if they want to [...]
British Films like Skyfall, Slumdog Millionaire, The Woman In Black and The King's Speech were international hits - putting them in the minority. Just 7% of films made in the UK turn a profit, according to recent figures revealed by the BFI. The statistics relate to more than 600 British films released in cinemas between 2003-2010. They showed [...]
Neil Woodford is in talks with the government to allocate capital to a initiative to back early-stage tech ventures outside London.
Coutts, the private banking and wealth management arm of Royal Bank of Scotland, could be on the hook for hundreds of thousands of pounds in redress following client claims they were given bad advice to invest in film schemes.
While it would be foolish for us to try and make any predictions about how Brexit will impact the UK economy and markets in general, we do know that the rules that govern UK’s tax advantaged venture capital schemes (EIS, VCT and SEIS) were recently tightened in order to comply with EU State Aid rules.
This is an invitation only event with a limited number of spaces available. Updates on VNA, VN-HPG and VN-ADS will be presented together with demonstrations of the TCP detector. Sponsored by Simmons Gainsford LLP, drinks and canapés will be served from 6pm onwards, followed by update presentations on the projects mentioned below. The event will be held at SG [...]
John Hardman from Morgans visiting the unit viewing the EHG4-M. John Hardman from Morgans meets the Heads of VN-CP Engineering Design & Manufacturing Team to view the new EHG Designs. VN-CP have now completed on the lease for their new 'Technical Centre of Excellence' in Bracknell, Berks. Work will commence in [...]
