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Octopus invests in online contact lens business

Octopus Ventures has invested £1.355 million into GetOptics, forming what it claims is the UK’s largest web-based contact lens business.

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New private equity firm to target lower mid-market

Three senior executives of Fidelity International’s former buy-out arm have established a new private equity firm.

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Bankers not so bad after all

Bank debt has not fully returned and it is still costly, but faith in bankers has not completely evaporated, according to research by accountancy firm BDO Stoy Hayward. 

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Poor payment still top concern

Customers paying late remains the chief worry for growing companies, according to research from the Forum of Private Business (FPB).

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Lovemoney.com becomes employee-owned

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Riverside buys out Kaul

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Babcock buys UKAEA

Engineering support services group Babcock International has agreed to acquire nuclear specialist UKAEA from the United Kingdom Atomic Energy Authority for £50 million in cash. 

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San Leon acquires services from PGS

San Leon Energy is paying up to £31 million in shares for services from Norway’s Petroleum Geo-Services (PGS) and raising £6.3 million.

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Babcock buys UKAEA

Engineering support services group Babcock International has agreed to acquire nuclear specialist UKAEA from the United Kingdom Atomic Energy Authority for £50 million in cash. 

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San Leon acquires services from PGS

San Leon Energy is paying up to £31 million in shares for services from Norway’s Petroleum Geo-Services (PGS) and raising £6.3 million.

News

Rising star

Sanchita Saha talks about her hopes for the networking site she founded, CitySocialising.com

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Balfour Beatty buys Parsons

Construction giant Balfour Beatty has agreed to acquire Parsons Brinckerhoff, a US professional services firm, for $626 million (£380 million).

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XConnect in $10 million funding round

London-based telecoms and technology company XConnect has received $10 million (£6.1 million) from a consortium of investors.

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Economic insight

David Kern, chief economist at the British Chambers of Commerce, argues that green shoots do not necessarily lead to sustained recovery 

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