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Evening Standard
Banksy and Pokemon cards help Auction Technology Group’s sales soar as shift to online sticks
Auction Technology Group has seen revenues surge as the lockdown-era shift to online auctions appears to be outlasting restrictions. ATG floated valued at around £600 million in February and today has a market cap of around £1.5 billion. On Thursday it reported £70.1 million in revenues for the year to September 3, up 34% on …
Business
Sky News
EU fines banks including Barclays, NatWest and HSBC £293m over ‘Sterling Lads’ currency cartel
The EU has fined banks, including Barclays, NatWest and HSBC, a total of €344m (£293m) for roles in a foreign exchange spot trading cartel via a chatroom named “Sterling Lads”.The European Commission said the UK-based banks agreed to settle the case, alongside UBS which avoided a penalty because it had blown the whistle on the …
Business
Evening Standard
London publisher The Folio Society sold to its workers for £10 million
London publisher The Folio Society revealed today that it has been sold to its 40 employees for £10 million. The publisher has offered newly-illustrated reprints of classic books since 1947. It made over £15 million in revenues last year and says it has seen five years of consistent growth. Recent bestsellers include new James Bond …
Business
Business Live
‘Landmark deal’ agreed for site of planned 2,500 homes near Swindon
Two companies planning to deliver up to 2,500 new homes near Swindon have agreed a “landmark deal” that real estate firm Avison Young has said is expected to be this year’s largest residential land sale. Developer Countryside and housing provider Sovereign Housing Association has acquired a 365-acre site at Lotmead Farm near Covingham on the …
Business
Evening Standard
London publisher The Folio Society sold to its workers for £10 million
London publisher The Folio Society revealed today that it has been sold to its 40 employees for £10 million. The publisher has offered newly-illustrated reprints of classic books since 1947. It made over £15 million in revenues last year and says it has seen five years of consistent growth. Recent bestsellers include new James Bond …
Business
Business Live
Bathroom products firm acquired by Swedish group in £90m deal
A Bath-headquartered bathroom products designer and supplier has been snapped up by a Swedish group in a deal worth up to £90m. Bathroom furniture business Svedbergs said it would double net sales with the acquisition of Roper Rhodes, which has been established in the UK for more than 40 years. The Somerset business operates three …
Business
Sky News
Holiday-home park operator Park Leisure plots £170m sale
Another of the UK’s holiday-home park operators is hoisting the “for sale” sign after a deluge of deals across the industry.Sky News understands that Midlothian Capital Partners, the private equity backer of Park Leisure, has asked Rothschild to field bids for the business. Sources said the company was expected to command a price tag of …
Business
Business Live
SPONSORED: Keeping it local – the companies backing Stoke-on-Trent’s future award winners
Most will be hoping for a different forecast from the past two as we approach the new year; leaving the ‘new normal’ and ‘unprecedented times’ in 2020 and 2021. But what businesses can take into their future endeavours is the ingenuity, resilience and astonishing tenacity which has truly thrived throughout the uncertainty. So why not …
Business
Business Live
Plans submitted for 460 job paper mill on Deeside
Plans have now been submitted for a paper mill on Deeside that could create more than 460 jobs. Proposals for the 700,000 sq ft facility at the Northern Gateway (Airfields) site were announced by Italian-based, Industrie Cartarie Tronchetti Group (ICT) earlier this year. The mill, on a 50-acre site, would manufacture paper products such as …
Business
Business Live
Uswitch and Confused.com owner completes Mojo Mortgages deal
The owner of Uswitch, Confused.com and Money.co.uk has completed its acquisition of Mojo Mortgages. RVU first announced the deal for Mojo mortgages, which recently relocated its head office from Macclesfield to Manchester, in July. The company has more than 60 employees and is a free online mortgage broker, delivering personalised recommendations through smart tech and …
Business
Evening Standard
Abrdn close to £1.5 billion Interactive deal as market for small investor hots up
Abrdn is poised to secure a £1.5 billion takeover of interactive investor, a deal that will gives the giant fund manager better access to the small stock picking market.Confirmation of the takeover is likely at some point today.The deal is a further sign of how intense competition is to lure small investors, those either playing …
Business
Evening Standard
AJ Bell rides investor wave as new clients get into shares
AJ Bell is booming thanks to a surging interest in shares from new investors — a market it believes could be worth many billions of pounds.Lockdown saw a new breed of investor with cash saved from the closure of pubs and restaurants buying shares for the first time.The investment platform and Hargreaves Lansdown rival saw …

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