Supermarkets suffer further slow growth
De Beers lowers prices by 9 percent
Poundland given go ahead for 99p deal
BHP Billiton posts worst profit in a decade
Chinese policy makers step back to watch Great Fall
Osborne announces further Lloyds sell off
Chancellor George Osborne announced plans to sell off more of the government’s share in Lloyds (LON:LLOY) bank.
UK Financial Investments, the company that holds the goverment’s stakes in both Lloyds and RBS, has reduced it’s holding to 12.97%.
George Osborne was quoted as saying that he hopes the sale of the UK government’s shares in Lloyds Banking Group will soon be completed.
“My view is that we want the government out of the banking system in the UK,” Reuters agency reported him as saying. “I hope that [Lloyds] will be complete within the year.”. The government began selling off the 43% stake in September 2013, after the government bailed the bank out with £20.5bn after the financial crisis. The banking group is currently trading down 2.73 percent at 73.78 pence per share.House of MoLi launches campaign on Crowd2Fund
Corporate accommodation provider House of MoLi is about to begin a crowdfunding round on Crowd2Fund, to raise money to expand their portfolio.
House of MoLi – otherwise known as House of Modern Living – offers serviced apartments for mid to long term stays. They estimate to have reduced accommodation price for businesses by 30% compared to standard hotel rates.
Founded in 2008 by former investment banker Sid Narang, House of MoLi is growing fast. They have doubled the number of apartments on offer since January 2014, and currently manages over $150 million of real estate worldwide, with apartments in London, Paris and New York. The company have a turnover of nearly $4 million, with a £1,105,000 gross profit, and Narang hopes the business will reach revenue of $5 million by 2020. He says: “Consumers today are becoming more aware of their options and their expectations are constantly increasing. We want to make everything easier for the client. We are introducing an all-in-one account for clients so that they can manage their finances and bookings in one place.”

DAX index drops nearly 4 percent; worst since 2007
Crowdbnk is the way forward for salami start-up Serious Pig
Miranda Wadham on 24/08/2015
Veeqo CEO Matt Warren shares crowdfunding tips

Miranda Wadham on 20/08/2015