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Trojan finds new financing

Trojan, a Birmingham-based corporate clothing supplier, has secured new working capital to keep trading after receiving a combined trade and invoice finance line worth £1.5 million from Davenham, an asset-based lender to the SME sector.

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MLR Networks in MBO

MLR Networks, a cable installation company, has been bought by its management team. Ian Morris led the MBO and is now managing director of the Widnes-based company.

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Bluefin Insurance Services expands in Cumbria

Kendal-based Bluefin Insurance Services has acquired Lakeland Insurance Services for an undisclosed sum.

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TiNet in private equity deal

BS Investimenti SGR, a unit of Milan-based BS Private Equity SpA, is set to acquire the international network business of Italian broadband company Tiscali for €47 million (£41 million).

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RSA expands into CEE

RSA Insurance Group has agreed to acquire the remaining 50 per cent of its joint venture with Direct Insurance Financial Investments (DIFI) in Central and Eastern Europe

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Agassi and Graf invest in Viagogo

Secondary ticketing company Viagogo has secured US$15 million (£10 million) from investors including tennis greats Andre Agassi and Stefanie Graf.

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npower purchases SPI Group

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Barclay brothers buy up Woolworths brand name

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npower purchases SPI Group

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Barclay brothers buy up Woolworths brand name

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Waterford Wedgwood finds potential buyer

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Finsbury acquires Compassoft

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Interest rates cut for fifth month in a row

The Bank of England has cut interest rates for the fifth consecutive month since October, from 1.5 to one per cent.

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Xtract Energy’s joint oil & gas ventures

AIM-listed Xtract Energy has entered into two joint ventures in the oil and gas sector. In September, Xtract joined forces with Merty Energy Petroleum Exploration, Education and Services of Turkey, to create a new medium-sized oil and gas exploration and production business focused on Turkey.

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