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Large companies worst late payers

Three in five businesses are struggling with cashflow because their clients are delaying payments, and large companies are the worst offenders.

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Leed Petroleum expands base

Leed Petroleum Plc, a UK-based oil and gas company that focuses on the Gulf of Mexico, has acquired the Ship Shoal Block 202 from Mariner Energy for $150,000 (£100,000) in cash.

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Anglia Business Solutions acquires IT rival

Cambridge-based IT company Anglia Business Solutions has acquired Norwich-based rival Supply Chain Systems from its US parent AgriWise for an undisclosed sum. For more deals click here.

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Blue Oar becomes Astaire

Broker Blue Oar is changing its name to Astaire after losing £16 million.

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Meridian on the prowl

Meridian Petroleum is contemplating potential new acquisitions after turning a £2.3 million loss into £1.9 million pre-tax profits last year.  

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Pearson acquires Wall Street English

UK-based education and information company Pearson has acquired China-based rival Wall Street English from Wall Street Institute for $145 million (£96.6 million). 

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Meridian on the prowl

Meridian Petroleum is contemplating potential new acquisitions after turning a £2.3 million loss into £1.9 million pre-tax profits last year.  

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Pearson acquires Wall Street English

UK-based education and information company Pearson has acquired China-based rival Wall Street English from Wall Street Institute for $145 million (£96.6 million). 

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Six-figure sum for Specle

A developer of software for the print media industry has secured first-round funding of £150,000 to grow its business.

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The next stage of the digital revolution

Peter Hinssen, a professor at London Business School, explains how the increasing computerisation of life will affect your business.

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Carter Jonas acquires Dreweatt Neate

London-based estate agent Carter Jonas has merged with Newbury-based rival Dreweatt Neate, and will trade under the Carter Jonas brand. The terms of the deal have not been disclosed.

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Recession to boost sales of fake goods

The vast majority of businesses believe that counterfeiting will increase in the recession, according to a survey of 216 companies.