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Lending low for businesses

Lending to businesses fell by the largest amount in nine years over May, says a report by the Bank of England.

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NetPlay slashes loss

Acquisitive interactive gaming concern NetPlay TV cut annual pre-tax losses from £4.3 million to £993,000 on doubled turnover. 

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TEG in £3.2m takeover

Environmental technology specialist TEG Group has raised £1.9 million at 40p to help buy Norfolk-based Banham Compost

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Axis Three raises £2 million

Surgical simulation company Axis Three has raised £2 million from new and existing investors to accelerate sales and marketing efforts.

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HCEG opts for debt swap

Embattled Healthcare Enterprise Group (HCEG) has agreed a debt-for-equity deal with creditors including director and serial investor John Gunn.

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VCTs to the rescue

Venture capital trusts have more than £600 million on their balance sheets, ready to invest in growing companies. M&A Magazine reports on the latest research.

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Finsbury Food Group buys Goswell Enterprises

London-based baker Finsbury Food Group Plc, through its subsidiary Nicholas & Harris, has acquired rival Goswell Enterprises for £2.2 million in cash.

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Sirigen gains further investment

Light amplification specialist Sirigen has received additional funding of £1.2 million from its investors, Seraphim Capital and Oxford Capital Partners.

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Finsbury Food Group buys Goswell Enterprises

London-based baker Finsbury Food Group Plc, through its subsidiary Nicholas & Harris, has acquired rival Goswell Enterprises for £2.2 million in cash.

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Sirigen gains further investment

Light amplification specialist Sirigen has received additional funding of £1.2 million from its investors, Seraphim Capital and Oxford Capital Partners.

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Sellers still unrealistic, say business sales agents

There are bright spots in the market for business sales but vendors are still holding out for ‘inflated’ prices, according to industry participants.

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Recession forecast from the CBI

Richard Lambert, director-general of the CBI, gives his view on how long the recession will last and how much worse it will get.

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ICAP snaps up Ocean Tomo 

ICAP, a London-based broker, has acquired the transactions division of Chicago-based broker Ocean Tomo for up to $10 million (£6.1 million).

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Web video company in funding round

Datmedia, a developer of software allowing users to publish internet video from a computer or mobile phone, has secured funding of £500,000.

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