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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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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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BaseKit receives funding

UK-based website company BaseKit has received funding from technology investors NESTA and Eden Ventures.

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Going places…

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BaseKit receives funding

UK-based website company BaseKit has received funding from technology investors NESTA and Eden Ventures.

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Going places…

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Object of desire: Silver executive yo-yo

Yo-yo fans from across the globe were glued to the ups and downs of the 3rd Annual International Yo-Yo Open in New York last month. If you know someone with that level of interest in the circular toy then you’ve just found the perfect gift.

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Business begins at 50-plus

Older entrepreneurs are a significant force behind the creation of start-ups, according to research from the National Endowment for Science, Technology and the Arts (NESTA).

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Internet sales rise

Growth in e-commerce is speeding ahead of other sectors

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Sovereign Capital acquires London Care

Private equity firm Sovereign Capital has acquired London Care, a domiciliary care business, for £18 million. 

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