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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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Ascribe MBO in fine fettle

Healthcare IT business Ascribe Plc has been bought by its management for £33.3 million. The deal, which will see the company leave AIM early next year and return to management hands, was backed by ECI and Yorkshire Bank’s Corporate & Structured Finance team.

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AXA in secondary buy-out of food group

AXA Private Equity has acquired a major shareholding in Benelux food ingredients group Sfinc from Belgian buy-out house Gimv.

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Banks won’t lend, say growing businesses

More than two-thirds of SMEs believe that banks are failing them, according to a poll conducted by SmallBusiness.co.uk

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KLM flies off with Martinair

Denmark's AP Moller-Maersk Group has sold its 50 per cent stake in airline Martinair, an operator of charter flights and freight services, to KLM Royal Dutch Airlines after regulators gave the nod to the sale.

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