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News

Most large companies miss financial forecasts

Two-thirds of large European and US companies are unable to forecast quarterly earnings within a five per cent error margin, according to research from advisory firm Hackett. Despite harsh penalties from the market for getting it wrong, companies still miss the mark by up to 30 per cent, claims the study.

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Artilium buys location-based services provider

Artilium plc, a telecom software specialist, has strengthened its offering with the acquisition of a location-based services provider to mobile network operators.

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Kier Group sells PFI investment

UK building and civil engineering contractor Kier Group plc has disposed of its 50 per cent Private Finance Initiative (PFI) investment in Hairmyres Hospital, which it sold to Innisfree M &G PPP Fund for £13.8 million cash.

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Today’s deal headlines

In today’s deal headlines Laird Group plc has bought Bluetooth supplier Ezurio for £12.5 million and UK business Greystone Financial Services has been acquired by Focus Financial Partners LLC of the US

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Artilium buys Trisent Communications for £1.7 million

Telecom software specialist Artilium has acquired Trisent Communications, which helps mobile network operators tailor services based on the geographic location of their clients’ mobile phones, for £1.7 million. The consideration was satisfied in £460,000 cash with the balance paid in some 1.24 million shares.

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Media group buys Exposure Events UK

An international media group has expanded its construction portfolio through buying the organiser of a public sector event.

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Buy.at joins AOL stable

Web services company AOL, a subsidiary of media behemoth Time Warner, has made its fifth acquisition in 12 months.

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Vyke acquires telecoms carrier Iios

Vyke Communications plc, a UK-based telecoms carrier, has acquired Iios for £75,000 in a bid to strengthen its existing network. The consideration will be satisfied with the issue of Vyke shares and a subsequent earn-out.

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Buy.at joins AOL stable

Web services company AOL, a subsidiary of media behemoth Time Warner, has made its fifth acquisition in 12 months.

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Vyke acquires telecoms carrier Iios

Vyke Communications plc, a UK-based telecoms carrier, has acquired Iios for £75,000 in a bid to strengthen its existing network. The consideration will be satisfied with the issue of Vyke shares and a subsequent earn-out.

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Interest rate cut not enough, says BCC

The British Chambers of Commerce (BCC) has complained that the Bank of England’s move to cut interest rates to 5.25 per cent does not go far enough to guard against ‘worsening global and domestic [economic] conditions’.

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Diageo acquires Dutch vodka brand

Drinks giant Diageo has ditched its play for Swedish vodka brand Absolut in favour of Dutch rival Ketel One.

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CCV locks onto Lockton

Peter Cullum continues his sweep on insurance brokers this month with the purchase of several divisions of Lockton International’s retail arm via his acquisition vehicle, Cullum Capital Ventures (CCV). The purchase is CCV’s largest to date.

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Felix Velarde

In 1996, Felix Velarde founded eCRM specialist Underwired. A year later, he launched B2B multimedia company Head New Media, which he went on to sell to Lowe & Partners, the fourth largest advertising agency in the world at the time

Partner content

Why upgrading your tech regularly will help your business grow

To run an optimal business, you must have optimal tech. We explain why you must upgrade your business technology on a regular basis

Accounting and Finance Software

Desktop vs cloud accounting: What to consider 

What are the key differences between desktop and cloud accounting software, and what should you consider when it comes to choosing a solution for your business

Accounting and Finance Software

Accounting and financial management software: What you need to know 

Fast-growth businesses need a solution that can cope with the demands of an ever-increasing volume of data, transactions, and tasks.

Opinion

Boosting confidence in outsourcing your customer service function to call centres in Africa

CCI Kenya discusses why outsourcing key of your business processes to call centres in Africa may be beneficial