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Sales still the top job

The salaries and bonuses of sales managers are still rising, making them better rewarded than their colleagues in marketing, finance and HR.

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Germany M&A review

With an economy that is expected to contract by 5.4 per cent this year, according to the European Commission, Germany has not escaped the global downturn. “It is fair to say that overall deal activity has gone down by 40 to 50 per cent from a year ago,” says Dr Carsten Risch, managing partner of Ernst & Young Corporate Finance Germany.

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JLT acquires Ingham

London-based insurance broker Jardine Lloyd Thompson Group Plc (JLT) has acquired Wolverhampton-based rival Ingham Holdings for up to £14 million. 

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Braveheart acquires Inkopo

Braveheart, a Perth-based technology investment group, has acquired Yorkshire-based rival Inkopo for up to £1.3 million.  

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Hunting pounces on PT SMB

Hunting Plc, a London-based energy services company, has acquired PT SMB Industri, an Indonesia-based manufacturer of appliances for the oil and gas industry for $10.5 million (£6.6 million). 

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Eight-figure sum for Wonga.com

Short-term loan website Wonga has raised $22.25 million (£14 million) from venture capital (VC) investors less than a year after its full launch.

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Catapult backs Systems Integration

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WPP buys MDS

WPP Plc, through its New York-based subsidiary Sudler & Hennessey, has acquired a 60 per cent stake in China-based healthcare agency MDS. The terms of the deal were not disclosed. 

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Catapult backs Systems Integration

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WPP buys MDS

WPP Plc, through its New York-based subsidiary Sudler & Hennessey, has acquired a 60 per cent stake in China-based healthcare agency MDS. The terms of the deal were not disclosed. 

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SSE acquires wind farm site

Scottish and Southern Energy Plc (SSE), through its renewable energy development division Airtricity, has acquired the Slieve Divena Phase II wind farm project in Country Tyrone, Northern Ireland, from RES UK & Ireland. The terms of the deal were not disclosed. 

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Pizza success: John Schnatter

Twenty-five years ago in Indiana, Papa John’s founder and CEO John Schnatter sold his car to buy his first pizza oven. The franchise now has sales of more than $1 billion and just opened its 50th store in London.

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Asset based lending drops

According to industry body the Asset Based Finance Association, asset based lending has fallen since last year.

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Staffline buys The Workplace

Staffline, a Nottingham-based recruitment firm, has acquired Yorkshire rival The Workplace for an undisclosed sum. 

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