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Balfour Beatty expands
US business

Balfour Beatty, an engineering construction, services and investment group, has bought US firm Douglas E Barnhart from its management.

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ITE buys Russian event

A London-based company that specialises in organising exhibitions in emerging and developing markets has added a construction event in Russia to its portfolio.

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GoIndustry buys US firm

GoIndusty, an industrial machinery and equipment auctioneer, has acquired DoveBid, a US-based global provider of capital asset auction and valuation services, for £17 million.

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Jelf completes brokerage hat-trick

Jelf Group plc, a full-service brokerage, has increased its gross written premium (GWP) to £174 million from £150 million by adding three businesses to its operations.

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ID Support Services powers up for Scotia deal

Scotia Energy Saving Systems has become the latest company to join ID Support Services (IDSS) as part of its expansion through acquisition strategy.

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Foreign acquirers snapping up
UK firms

UK companies are being swept up in a flurry of activity from eager foreign investors, according to the latest government figures.

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Investment rings changes at NESSCO

Management at an Aberdeen-based telecom company is to expand its operations internationally after securing some £15 million from a syndicate of investors.

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Rising star: James Murray of Glassesdirect.co.uk

James Murray Wells started online spectacles retailer Glassesdirect.co.uk with the last £1,000 of his student loan. With the help of VCs he is now aiming to turn it into a £1 billion company.

News

Investment rings changes at NESSCO

Management at an Aberdeen-based telecom company is to expand its operations internationally after securing some £15 million from a syndicate of investors.

News

Rising star: James Murray of Glassesdirect.co.uk

James Murray Wells started online spectacles retailer Glassesdirect.co.uk with the last £1,000 of his student loan. With the help of VCs he is now aiming to turn it into a £1 billion company.

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Losses reach a Summit

Drug developer and pharmaceutical services provider Summit Corporation trebled both losses and revenues last year, but the AIM-traded business has high hopes for a major deal from its drug pipeline in 2008.

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Spain to launch AIM alternative

An alternative stock market aimed at growth companies and inspired by AIM’s light regulatory touch is due to be launched in Spain.

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Hitachi Capital’s £28.5m buy

Financial services provider Hitachi Capital UK has bought London Scottish Bank’s Invoice Finance division for £28.5 million. For more deal headlines click here

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New order

Russell Lamming joined Chromex Mining to build revenue streams and expand its operations. It only took him a few weeks to close his first deal. Mark Dunne reports

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