Small-cap spotlight: Hipgnosis hits fundraising target to buy music
Welcome to Small-Cap Spotlight where the Evening Standard business team will bring investors rolling coverage and analysis on all the major small cap news this morning.
Top story sees Hipgnosis Songs, a music royalty fund set up by Merck Mercuriadis, the former manager of Guns N’ Roses and Beyoncé, hit its £200 million fundraising target.
There are plenty of other updates out there for discussion.
Stay tuned.
See you Monday, hopefully after another England victory.
And fallers:
Here are the risers:
Some serious growth numbers here.
The AIM-listed multicurrency payments and banking provider said in a trading statement that its turnover for the first half was up 146.2% at £1.1bn compared to the same period last year.
This company is fast turning into and AIM darling and is one to watch.
Not the busiest day but there are a couple of things of note. Starting with FairFX:
Major story sees Hipgnosis Songs, a music royalty fund set up by Merck Mercuriadis, the former manager of Guns N’ Roses and Beyoncé, hit its £200 million fundraising target.
It plans to use the money to buy a catalogue of songs from artists including Adele, Kanye West and Bruno Mars.
But before that, there is business to be getting on with.
Good morning all. England against Sweden tomorrow. Massive game.
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