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Business software firm sold in £1bn-plus deal 
A global business software company has been sold to an investment company in a deal worth more than £1 billion. Shareholders in Nottingham-based Ideagen have formally agreed the sale to an offshoot of software and services investor Hg. Ideagen has seen substantial growth since its admission to the Alternative Investment Market (AIM) on the London …
Business
Euro News
Instagram is testing new tools like video selfies to verify the age of its users
Business
Evening Standard
Shopping baskets lighter as sales are down again
Retail sales fell in May as consumers reined in their grocery spending amid belt-tightening due to the cost-of-living crisis, according to official figures.The Office for National Statistics said the drop in retail sales over the month came after sales tumbled 1.6 per cent across food stores.The ONS also revised down sales growth in April, from …
Business
Evening Standard
Buying crypto is like a game of pin the tail on a donkey
‘My Solana is pumping’ isn’t a phrase you’d expect to hear at the school gates, but last year the playground chat was full of crypto speculation. Parents were piling in, gossip of PTA power trips and rising house prices forgotten, for tales of big wins in the crypto wild west.And this wasn’t at some private …
Business
Sky News
London Underground workers vote to strike again in coming months
London Underground workers have voted to strike again, as they near the end of this week’s action which has seen Tube services disrupted across the capital.Around 10,000 London Underground staff refused to work this week – with all Tube lines affected. More than 90% of Rail, Maritime and Transport union members who voted decided to …
Business
Evening Standard
The ticking investment time bomb — how investors got sold a myth
For decades, UK retail investors have been sold a myth.  The UK Investment Industry have woven the tale that higher fees for active management gets you higher performance, especially when times get tough, compared to passive / index managers.  When markets get tough, they can switch into cash or more defensive shares to protect your …
Business
Sky News
Cath Kidston up for sale two years after collapse cost 900 jobs
Cath Kidston, the modern vintage brand, has been put up for sale just two years after collapsing into administration with the loss of nearly 1,000 jobs.Sky News has learnt that Baring Private Equity Asia (BPEA) has instructed advisers at PricewaterhouseCoopers (PwC) to find a new owner for the now wholesale-led company. Cath Kidston, which was …
Business
Evening Standard
Star City fund managers fall to earth
BRITAIN’S top fund managers are nearly all dramatically underperforming the stock market this year, costing their army of fans in the City and among retail investors billions of pounds.Research for the Evening Standard shows that of the 18 fund categories set up by the Investment Association – everything from Global Emerging Markets to Europe to …
Business
Business Live
Future of Derby County looks secure as Clowes Developments buys Pride Park Stadium and prepares bid
Derby County FC looks set to survive after Derbyshire property giant Clowes Developments announced it has bought the Pride Park Stadium and would be making a formal bid for the club today. The commercial property developer said it had bought the business which owns the stadium off former County owner Mel Morris and made a …
Business
Business Live
Alastair Campbell and the Godbers’ Humber Business Week chats now available online
Humber Business Week interviews featuring key figures from politics and culture are now available online. The team behind the Elevenses sessions at the University of Hull’s Aura Innovation Centre brought in Hull-based video production specialists Storyboard Media to capture the conversations, two of the highlights of the Biz Week programme. The first interview conducted by …
Business
Business Live
Ultra share price rises after Government paves way to clear £2.6bn Cobham takeover
UK defence business Ultra Electronics has seen its shares soar after the Government said it was set to clear the firm’s £2.6bn takeover by Cobham. Shares in Ultra surged 13% on Friday (June 24) after Business Secretary Kwasi Kwarteng said on Thursday night he was minded to accept the takeover of Ultra after both firms …
Business
Business Live
Expansion approved at recently acquired North Yorkshire business park on former RAF air base
A new warehouse and industrial development has been approved near Wetherby, with hundreds of new jobs anticipated. Marston Business Park, already one of the largest sites in North Yorkshire with 190,000 sq ft of the 54 acre site developed, will welcome eight new units on two plots. Construction will start in September, with completion eyed …

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