FUNDRAISING NEWS: Ark raises £4m at fundraising dinner

International children's charity Ark raised more than £4 million through one fundraising event.

Donors from Europe's hedge fund community raised the money for the two-year-old charity at its annual fundraising dinner. Money was raised through a charity auction, from ticket sales and from individual donations on the night.

The event was attended by celebrities including Hugh Grant, Bob Geldof and Brian May, and was sponsored by an array of corporate sponsors including Merrill Lynch, Morgan Stanley and Deutsche Bank.

Last year's fundraising event raised £2.1 million. Ark says it will spread proceeds from the night across its UK-based and international projects.

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