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City watchdog urged to intervene in £3bn Playtech bidding war
The Australian gaming group which has struck a £2.1bn deal to buy Playtech has urged the City’s takeover watchdog to seek clarity over the intentions of a group of Asian investors who have amassed a large stake in the London-listed company.Sky News has learnt that Aristocrat and Playtech have contacted the Takeover Panel to seek …
Business
Business Live
Plymouth’s pride – 12 businesses that won major awards in 2021
It’s been another rollercoaster of a year and with the Covid pandemic still affecting the economy the future is, once again, uncertain. Yet even in these difficult times there are businesses which have triumphed against the odds. So here we look at a dynamite dozen Plymouth ventures that won important awards in 2021, proving that …
Business
Evening Standard
Music company ATC Group – behind livestream firm Driift and rep to stars – hits right notes on Aquis debut
Music company ATC Group, which represents stars including Nick Cave and Smiths guitarist Johnny Marr, hit the right notes on its debut on the Aquis Stock Exchange this morning. The London-headquartered firm, aka All Things Considered Management, listed under the ticker ATC at 153p per share. Its stock was up at 155.5p by mid-morning. The company …
Business
Business Live
Sheffield Forgemasters wins £3.7m contract on Rolls-Royce nuclear project
Engineering giant Rolls-Royce has signed a £3.7m contract with Sheffield Forgemasters to develop crucial parts for its small nuclear reactors (SMRs) The contract for forgings is part of Rolls-Royce SMR’s work to achieve regulatory approval and will allow both companies to understand and develop manufacturing procedures and techniques, with a view to accelerating the important …
Business
Evening Standard
UK borrows another £17.4 billion as national debt hits highest level since the 1960s
GOVERNMENT borrowing levels fell in November but City economists are fearful that it may surge again if new Covid restrictions are ordered.The latest figures from the ONS show the government borrowed £17.4 billion last month. While that is the second highest amount for that month on record, it is down £4.9 billion on a year …
Business
Business Live
Crest Nicholson planning to build hundreds of new homes in Gloucestershire
A large plot of land in Gloucestershire is to be redeveloped as part of a new neighbourhood of homes after being sold off to UK housebuilder Crest Nicholson. The property firm has acquired 31 acres at Perrybrook in the village of Brockworth, where it plans to build 435 two, three, four and five-bedroom homes. Construction …
Business
Business Live
Tungsten West posts £5m loss as it heads for full production at Plymouth mine
The company which owns Plymouth’s huge tungsten and tin mine made a £5m loss in just the past six months – but stressed the deficit was expected as it ramps up production at the Hemerdon site. Tungsten West, in an announcement to investors, said the £4,990,226 pre-tax loss was in line with expectations for the …
Business
Business Live
North East deals of the week: investments, contract wins and acquisitions you shouldn’t miss
Technology firm Sage has announced a £225m acquisition of a company in which it took a minority stake last year. The Newcastle firm took a 17% share in Bristol’s Brightpearl, which provides software for retail businesses, 12 months ago and now it has acquired the rest of the company for $299m (£225m). The deal is …
Business
Business Weekly
Triple success and a new office in UAE for CMR Surgical
CMR Surgical, the Cambridge medical robotics specialist, has installed its Versius system into three hospitals in the United Arab Emirates and invested in the opening of a Middle East hub office in UAE. The company expects further sales in the region in the short-term. In partnership with Gulf Drug, Versius has been acquired by hospitals …
Business
Evening Standard
WEF postpones Davos, the annual gathering of global elite, due to Omicron
The annual Davos Economic Forum, which sees business and political leaders from around the world convene in the Swiss town each January, has been postponed.The World Economic Forum (WEF) said the event is being deferred to sometime in early summer 2022 “in light of continued uncertainty over the Omicron outbreak”. The high-profile conference had been …
Business
Evening Standard
London fitness firm bosses warn they are ‘fighting for survival’ due to Plan B and call on PM for support
London fitness bosses have penned an open letter to the Prime Minister warning that their industry is “now on a knife edge fighting for survival” after seeing class attendance slashed by Plan B and Omicron fears.In the letter, bosses of boutique chains including Barry’s, Psycle and Kobox called for support to be put place in …
Business
Evening Standard
Rolls-Royce lands £85m Qatar boost for small nuclear reactors
Plans by Rolls-Royce to develop small nuclear reactors in the UK were today boosted by £85 million of investment from Qatar’s sovereign wealth fund.Boss Warren East said the Government-backed Small Modular Reactor (SMR) business is now “set up to succeed” after Qatar took a 10% stake in the project.Rolls expects each SMR power station will …

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