UK Business News

Local government contractor Civica has agreed a management buy-out, backed by funds from equity group 3i.
The cash offer of 270p per share values the software group at £190million. The group supplies the software to almost 90% of councils in the UK.
3i investors have created a new company Cornwall Bidco, specifically for making the offer, and [...]

[Read more →]

British Airways have drafted in hundreds of volunteers as part time baggage handlers to help clear the 15,000 lost bags in the T5 fiasco.
The Airline has also called in IT experts to fix the malfunctioning luggage system. Thirty seven flights were cancelled yesterday and a further fifty four will be scrapped today.
BA said that 400 [...]

[Read more →]

In a peculiarly British finding, Which? have confirmed what perhaps we knew all along;
Marks & Spencer  may not always get their buying right but when it comes to undies, they’re just not ‘pants’ at all.
Outstripping Asda, Tesco and Calvin Klein, M&S manage to consistently out-gun both ends of the market, most notably with their £5 Real [...]

[Read more →]

Construction and investment group Balfour Beatty PLC has just paid £45m for civil engineers Dean & Dyball Ltd, strengthening their presence in southern England and Wales.
The increasingly acquisitive Balfour Beatty snapped up building contractors Cowlin last summer for £52m; civil engineers Birse were integrated in 2006 and the Mansell building enterprise in 2003.
Dean & Dyball’s portfolio of [...]

[Read more →]

Anyone who has ever had a ‘flutter’, will be familiar with the saying, ‘You never see a poor bookmaker’.
In County Durham that might not be so true, as Bookmaker Neville Porter, a company that floated on the Alternative Investment Market 12 months ago, has been hit by a string of bad results.
The company has announced [...]

[Read more →]