MFS weighs fresh capital for struggling associate

MFS Capital Partners is working on plans to put more capital into Capital Solutions Limited after revenue at the business fell by more than 80 per cent and it slipped into a loss.

Chief Executive Officer Dino Hinds said the business, in which the group holds a 35 per cent interest, needs more capital to realise its potential. Management is considering strategies to fund it, although he did not disclose how much is needed or when the money would be secured.

Capital Solutions is an investment and cambio business, offering managed investment portfolios in shares, bonds and money market instruments, alongside foreign currency exchange services.