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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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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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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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LSE buys Millenium IT

London Stock Exchange Group (LSE) has agreed to acquire MillenniumIT, a Sri Lanka-based capital markets technology company, for US$30 million (£18 million). 

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SnackTime buys Snack in The Box

SnackTime, a Berkshire-based operator of food and drink vending machines, has acquired MBM Business Systems, the owner of rival Snack in The Box (SITB) for £1.5 million in cash.  

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Method bought by Boom


Boom Extreme Publishing, a subsidiary of Cardiff-based television production company Boomerang Plus, has acquired multimedia publisher Method for an undisclosed sum.

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Universities in £24.3 million knowledge transfer deal

The 12 universities in the West Midlands region have been awarded £24.3 million to increase partnerships with local companies.

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