NanoUniverse changes strategy and returns money to investors

By Jeff Kimber NanoUniverse, the Aim-listed incubator, is to change business strategy to become a producer and distributor of films and other entertainment to a variety of platforms. In the next two weeks the company hopes to be able to fully reveal its new strategy, which will entail it working in conjunction with strategic partners. There will also be a "significant" return of capital to investors. The company still has about £25m of the £25.7m raised through its flotation last March, having found a dearth of appetising investment opportunities. Its stated strategy was...