Source - SMW
Globe Capital posts a pre-tax loss of £85,000 for the six months to the end of June compared with a loss of £56,000 a year ago.

Chairman David Barnett said: "At the start of the year, the company realigned its investment focus towards the retail sector with an emphasis on menswear. Following which, the company made its maiden investment with a 25% interest in Sterling Craig Ltd, a UK based online retailer for men’s fashion.

"The board continues to review investment opportunities in line with its new investment focus and two potential acquisitions have been identified which we believe will be the start of a platform for future growth.

"In January 2016, the company raised £100,000 in new equity. The directors continue to seek further investment capital and hope to report on this in the near future. Meanwhile, operational costs will be kept at a minimum until additional funds are raised.