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Object of desire: Lomme

With this ‘unique sleep experience’, the only thing keeping you awake will be your credit card bill. Lomme, which stands for ‘light over matter mind evolution’, is priced at £33,000

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Retail woe for SMEs 

SMEs have had a distinctly unmerry Christmas in terms of sales, according to a poll conducted by SmallBusiness.co.uk

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WR Berkley Insurance acquires Irish Professional Risks

WR Berkley Insurance (Europe) Ltd (WRB), part of the Connecticut-based W R Berkley Corp, has acquired Irish Professional Risks, an underwriting agency based in County Dublin, for an undisclosed sum.

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Blackstone takes stake in Indian seed supplier

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Growing companies see downturn opportunities

Companies from five to nine years old are the best placed to benefit from the downturn, according to accountancy firm Tenon.

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US company snaps up Racal Acoustics

Racal Acoustics, which provides hearing protection products to the military, has been acquired by US group Esterline Technologies for £115 million.

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mBalance sold to Tekelec

An Amsterdam-based text messaging infrastructure company has been acquired by one of its clients for up to €42 million (£40 million).

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University spin-out achieves $150 million exit

Thiakis, which specialises in the treatment of obesity and diabetes, has been sold to US-based Wyeth Pharmaecuticals for up to $150 million.

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mBalance sold to Tekelec

An Amsterdam-based text messaging infrastructure company has been acquired by one of its clients for up to €42 million (£40 million).

News

University spin-out achieves $150 million exit

Thiakis, which specialises in the treatment of obesity and diabetes, has been sold to US-based Wyeth Pharmaecuticals for up to $150 million.

News

What I wish I’d known

Film school graduate and former Panorama documentary maker Nick Glynne gave up a successful career in the media to open a computer shop with £3,000. He now runs IT company Easycom, which is about to hit sales of £100 million

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Firm launched to finance mid-sized businesses

A private equity firm has been launched to provide finance to companies with sales of between US$20 million (£13 million) and US$200 million.

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Rising star: Mitesh Soma

Last year, Mitesh Soma set up discount pharmaceutical company Chemistdirect.co.uk. Since then it has become an award-winning business with a turnover of £5 million

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Economic Insight

David Worrow, audit partner for advisory firm Baker Tilly, looks at the impact of the Bank of England’s 1.5 per cent interest rate cut

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