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Angel News - Coracle

Mercia Fund Management (MFM), one of the leading UK technology investors, announces the launch of its quarterly start-up competition, The Pitch, with the chance for the winner to receive £3000. This quarter’s competition focuses on businesses within the Life Sciences sector.

Despite a slide in net profit, BP’s Q1 performance beats analysts’ expectations

·Underlying profit of 20% is much better than expected ·Increased production, efficiency gains and disposal of assets believed to have helped results

InvestYourWay uses crowd funding to fuel growth

Over 7% average performance across client accounts since going live

Assetz Capital raises over £3 million through Seedrs

·Round consolidates Seedrs’s role as the crowdfunding platform of choice by other crowdfunders ·Seedrs has now raised more than £4.5 million for crowdfunding and peer-to-peer lending platforms including Assetz Capital, Trillion Fund, Landbay, CrowdLords, CrowdCanDo and PledgeSports ·Selection by leading peers reinforces Seedrs’s “equity crowdfunding done properly” approach

YFM Equity Partners invests £2.5m to grow womenswear brand Ness and finance new store rollouts

YFM Equity Partners, one of the UK’s leading investors in small businesses is providing £2.5m in development capital to support the growth plans of the founders of Ness, a womenswear lifestyle retail brand. As part of the deal, experienced retail executive Dean Murray joins the business as Chairman. Clydesdale Bank will continue to support the business with £1m of banking facilities.