Growth in UK manufacturing has stalled as new orders declined for the second consecutive month and export sales waned, prompting concerns about the economic recovery.
AIM-listed Synchronica, which provides mobile messaging services, has agreed to acquire Nokia's operator-branded mobile messaging services in a deal worth a total of $25 million (£15.5 million).
Global media company News Corporation has sold the ailing Myspace business in a cut-price deal for $35 million (£22 million), 6 per cent of the $580 million paid by Rupert Murdoch's business in 2005.
More than two thirds of private equity houses plan to invest in the UK financial services market in the coming year, despite citing regulation as a hindrance to investment.
