Novestra, the Swedish venture capital company, has blamed poor equity market conditions for its Skr215m (€23m) loss in the last financial year.

Novestra's losses in the 12 months to June 30 followed a profit of Skr88m the previous year. The company valued its shares at Skr19.2 each against Skr28.5 a year ago and a market price of Skr10.9. It values its investments at Skr408m.

Swedish venture capital firm suffers €23m loss

Jeremy Adams

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Senior GIC private equity lawyer joins Dechert in London

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US law firm hires private equity specialist from key client

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Dale Walsh will accelerate growth of the private bank and wealth management’s lending business

Northern Trust taps UN pension fund for head of international role

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Pedro Guazo, who joins in August, will also oversee the $1.3tn asset manager’s responsible investment platform globally

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Regulators fined the fast-fashion retailer more than $40 million for what they deemed to be misleading practices on prices and environmental claims.

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Keir Starmer initially refused to confirm if Rachel Reeves would remain in post, causing sterling and gilts to sell off sharply.

U.K. Government Bonds, Pound Recover After Prime Minister Backs Treasury Chief

The narrow vote delivered the president a major second-term legislative victory.

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The deal with Vietnam seeks to stop Chinese-made goods from transiting through the Southeast Asian country to avoid higher duties.

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Hot weather and lax dress codes have us baring more at work.

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It’s the Summer of Too Much Skin at the Office

Ford chief predicts AI will replace “literally half of all white-collar workers.”

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The precision-measurement company has withdrawn its recommendation for its previously agreed takeover offer from Advent International.

Spectris Agrees to $5.64 Billion KKR Takeover

Spectris Agrees to $5.64 Billion KKR Takeover; Withdraws Advent Recommendation

The dollar lost momentum ahead of an expected decline in U.S. job creation, as investors expect the Fed to start cutting interest rates in coming months.

Dollar Trims Gains as Investors Brace for Cooling Jobs Market

The tech giant has been ramping up efforts to boost business growth in a bid to defend its place in China’s tech and commerce industries, as well as grow abroad.

Alibaba Readies $7 Billion Boost for Commerce Unit, Plans New Data Centers

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