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Cyclotech sold to M-I Drilling Fluids

Oil and gas technology specialist Cyclotech has been sold to M-I Drilling Fluids UK, a member of Texas-based fluids engineering group M-I SWACO, for an undisclosed sum.

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Playfish snapped up by Electronic Arts

Venture capital firms Accel Partners and Index Ventures have exited social network games company Playfish.

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LP Hill acquires Tranomaro

AIM-listed LP Hill, a consolidator of businesses in the natural resources sector, has agreed to acquire Tranomaro Mineral Development for up to £1.1 million. 

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Gordon Banham: From coal to haulage

In less than a decade, Gordon Banham has transformed Hargreaves Services from a Durham haulage company to a diversified support services and energy group delivering consistent turnover and profit growth throughout the recession. 

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Rising star

Richard Stobart founded web and software development consultancy Unboxed Consulting four years ago. The company now has a turnover of £1.6 million

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Civica Group buys in4tek

Civica Group has acquired in4tek, which specialises in software for the healthcare sector, for an undisclosed sum.

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DCC buys Shell Direct Austria

Business support services company DCC has agreed to acquire Shell Direct Austria (SDA), a fuel distribution business, for €18.3 million (£16.4 million) in cash.

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Economic review

From regulatory relief for large pub companies to bank bail-outs and rising property prices, M&A analyses the UK economy by industry sector

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DCC buys Shell Direct Austria

Business support services company DCC has agreed to acquire Shell Direct Austria (SDA), a fuel distribution business, for €18.3 million (£16.4 million) in cash.

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Economic review

From regulatory relief for large pub companies to bank bail-outs and rising property prices, M&A analyses the UK economy by industry sector

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What I’m reading now

The Best Service is No Service: How to Liberate Your Customers from Customer Service, Keep Them Happy, and Control Costs, by Bill Price and David Jaffe Dominic Monkhouse, general manager, PEER 1

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Economic insight

Kathleen Stephansen, chief economist and MD of US-based Aladdin Capital Holdings, questions the received wisdom about jobless recoveries

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Going places…

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The next big thing…

Augmented reality. Seeing the world with the aid of annotated computer display has long been a mainstay of science fiction. Arnold Schwarzenegger's Terminator wouldn't have been such an efficient killing machine without this facility.

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