Northern Venture Trust PLC reported a net asset value (NAV) per share decline to 57.8p for the year ended 31 March 2026, down from 61.5p the previous year, mainly due to market volatility and a capital loss of 0.8p per share. Despite this, the trust maintained its annual dividend of 3.1p per share, equivalent to a 5.0% yield, supported by strong investment activity including £6.9 million in new ventures and £8.7 million in follow-on funding. The trust successfully raised £30 million through an oversubscribed share offer and holds £36.5 million in cash, positioning it well for future investments. Challenges include the reduced VCT income tax relief from 30% to 20%, but the trust remains optimistic about supporting UK early-stage businesses and delivering long-term tax-free returns.
Lululemon invested in Syntetica's $30 million Series A funding to support its innovative recycling of Nylon 6 and Nylon 6,6, materials difficult to separate and reuse in textile waste. This move aligns with growing industry demand for sustainable, co...
Ethereum futures long positions among top traders increased by over 3 percentage points across both USDT- and coin-margined markets, indicating a broad-based shift in short-term sentiment. This rise suggests heightened attention on ETH compared to ot...
NVIDIA announced that leading Japanese companies in robotics and manufacturing are adopting its Cosmos, Isaac, Metropolis, and Jetson platforms to accelerate AI-powered intelligent machines across industries. The new Cosmos 3 Edge model enables real-...
Oil prices are rising sharply due to renewed US naval blockades on Iranian shipping and increased tensions in the Strait of Hormuz, a critical oil transit route. Brent crude is holding above $85 and WTI above $80, with forecasts suggesting WTI could ...
The US government announced it will impose a new 25% tariff on Brazilian ethanol starting next Wednesday, accusing Brazil of unfair trade practices. This tariff excludes major Brazilian exports like oil, beef, coffee, and aircraft parts. The move fol...
