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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

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CGT fears unfounded

Entrepreneurs aren’t looking to sell their businesses early to avoid higher taxation as a result of changes to capital gains tax (CGT), according to a new report.

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Today’s deal headlines

In today’s deal headlines confectionary group Palmer & Harvey has been taken over in a £165 million management buy-out and printing machinery manufacturer Setmasters has been bought out of administration

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Object of desire: the robot guitar

For all you failed musicians turned entrepreneurs out there, the Les Paul Robot Guitar can finally help you rock out like you dreamed you could in your salad days.

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Economic insight: trouble ahead

Diana Choyleva, an economist at Lombard Street Research, says that developing economic trends bode ill for the beleaguered UK economy.

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Object of desire: the robot guitar

For all you failed musicians turned entrepreneurs out there, the Les Paul Robot Guitar can finally help you rock out like you dreamed you could in your salad days.

News

Economic insight: trouble ahead

Diana Choyleva, an economist at Lombard Street Research, says that developing economic trends bode ill for the beleaguered UK economy.

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Double-digit returns emerge from Chrysalis

Chrysalis VCT, which invests primarily in unquoted companies, generated double-digit returns for its investors in the year to October.

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Engineering business raises £67 million on AIM

Kentz, an engineering and construction group, has raised £66.7 million through an initial public offering (IPO) on AIM.

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Second time around for Verna’s management

Verna Group, a Bolton-based infection control services provider to hospitals and care homes, has been bought by its management for the second time in less than three years.

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Gyro raises £50 million from mystery US investor

Business-to-business marketing agency Gyro International has secured an investment worth more than £50 million from a US-based private equity firm.

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