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Angel investor growth helps Naked Wines swing into profit

2015-07-16 12:08:20| Beverages - Topix.net

In its latest published accounts, the Norwich-based company recorded a 16.8pc increase in turnover to A 45.1m, while pre-tax profits rose out of the red and into black, turning a A 746,000 loss into A 1.1m profit. The fizzing performance was underpinned by the continued growth of the firm's angel investors - the members that fund its independent wines - which rose from 141,000 to 158,000 to the year ending December 31 2014.

Tags: growth helps profit angel

Agents support foreign investor law change

2015-07-15 07:14:30| Real Estate - Topix.net

Prime Minister John Key indicated the Government would gather foreign investor information prior to this year's budget, announcing requirements for buyers to have a NZ bank account and an IRD number. Photo / Jason Dorday Lawyers, real estate agents, accountants and landlords have expressed support for the Government's moves on foreign property investors buying residential property from October.

Tags: support change law foreign

American Apparel investor Standard General sues Charney

2015-07-15 02:40:06| Apparel - Topix.net

REUTERS: Hedge fund Standard General LP has sued American Apparel Inc's ousted Chief Executive Dov Charney for the first time, the latest move in a bitter legal saga that began after he was fired in December. American Apparel suspended Charney six months before firing him, alleging misuse of company funds and a failure to stop a subordinate from posting false blog entries about former employees.

Tags: general standard american apparel

High-profile biotech investor Burrill sued for fraud, theft

2015-07-14 16:03:00| Biotech - Topix.net

A life sciences fund that bears his name is suing vaunted San Francisco biotech investor G. Steven Burrill for fraud and theft. The suit , filed July 6 in San Francisco Superior Court, alleges that Burrill, former Burrill & Co.

Tags: investor fraud theft biotech