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Taxman could hit virtual worlds

Online gamers who participate in virtual worlds such as Second Life could find themselves hit by unexpected tax bills, according to Mark Simpson, director at chartered accountants Simpson Burgess Nash.

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Petroleum Geo-Services buys MTEM

An Edinburgh-based oil and gas technology firm that enables oil companies to find hidden oil and gas in mature producing fields as well as confirming new finds without the need for drilling has been bought by a Norwegian company.

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India Hospitality buys restaurant and catering businesses

India Hospitality has bought hotel and restaurant company Mars Restaurants and airline caterer SkyGourmet Catering from Navis Capital Partners and affiliates for some £53 million ($110 million).

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Eros plans further Indian expansion

AIM-listed media company Eros International plc plans to continue its acquisition strategy in India.

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Funding boost for Thermilate

Yorkshire-based Thermilate Europe has received £750,000 from Enterprise Ventures. The investment will support the expansion of the company’s current sales force and associated support staff and provide ongoing working capital.

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Venture supports Atelier buy-out

The management team at a Blackpool-based gift and home accessory company has bought the business after securing the backing of Venture Structured Finance.

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Jetion raises £30.5 million

Jetion Holdings, a China-based solar cells and modules maker has raised £30.5 million through joining AIM after its shares were valued at 151p each.

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Hayter completes Allen Hover Mower deal

Lawnmower manufacturer Hayter has strengthened its offering after buying the Allen Hover Mower business for an undisclosed sum.

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Jetion raises £30.5 million

Jetion Holdings, a China-based solar cells and modules maker has raised £30.5 million through joining AIM after its shares were valued at 151p each.

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Hayter completes Allen Hover Mower deal

Lawnmower manufacturer Hayter has strengthened its offering after buying the Allen Hover Mower business for an undisclosed sum.

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China VC market overtakes UK

For the first time, the venture capital (VC) market in China has overtaken that of the UK in terms of absolute size, according to data from research company Library House.

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Ingenious backs Sirens’ second album

The two music-focused VCTs managed by venture capitalist Ingenious Media have invested approximately £500,000 in the second album of British three-piece girl band Sirens.

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Mexico-focused oil and gas play in AIM IPO

Leed Petroleum, an oil and gas exploration and production company focused on the Gulf of Mexico, has listed on AIM.

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Harvey Nash buys Irish IT recruitment firm

A London-based recruitment consultancy and IT services outsourcer has expanded its international network after buying an Irish business. Harvey Nash, which has subsidiaries across Europe, Asia and the US, bought Rescon IT in a deal that could be worth some £6.7 million (€10 million).

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