Co-op’s sale of 298 of its food stores to convenience chain McColl’s is cleared by the competition regulator.
Source: BBC
Category Archives: Services
Firm that makes polymer £5 note sold to rival
The maker of the controversial £5 polymer note has agreed to be taken over by a Canadian rival, CCL, in a deal worth £680m.
Source: Sky Business News
Toxic microbeads will be banned, minister vows
Shoppers have been urged to ditch cosmetics with microbeads in this Christmas by Environment Secretary Andrea Leadsom, as she pledged to ban the toxic plastics.
Source: Sky Business News
Airport spared £12.5m fine for parking price fix
East Midlands International Airport has been spared a £12.5m fine for fixing car park charges.
Source: Sky Business News
Lloyds Bank buys MBNA credit card firm for £1.9bn
Lloyds Banking Group is to buy credit card firm MBNA from Bank of America in £1.9bn deal.
Source: BBC
UK £5 note firm Innovia bought by Canadia's CCL
Innovia, the UK company that makes the new £5 note, has been bought by a Canadian rival.
Source: BBC
'Seat of enlightenment': How Edinburgh became startup city of the year
The Scottish capital’s rich cultural heritage and unicorn businesses have helped make it an entrepreneurial hub
When asked what makes Edinburgh a worthy winner of 2016’s entrepreneurial city of the year award, Jim Galloway, head of enterprise and innovation at the city council, said: “Edinburgh was the original seat of enlightenment in the 18th century. David Hume, Adam Smith, Robert Burns walked the streets of Edinburgh, they bumped into each other, and into the common people as well. This is still part of what Edinburgh is today. We are now the seat of the enlightenment point two.”
It was Galloway, remembers Lucy-Rose Walker, CEO of accelerator Entrepreneurial Spark, who had the vision to turn Edinburgh into a startup hub. He’d been inspired after hearing about Boston, which is among the top startup hubs in the US.
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Source: Guardian
Lloyds Banking Group paying £1.9bn for MBNA
Lloyds Banking Group has beaten other bidders to buy MBNA, one of the UK’s biggest credit card issuers, for £1.9bn.
Source: Sky Business News
Legal sector warns on its future after Brexit
A report is urging the Government to ensure the competitive nature of the UK’s £25.7bn legal services sector is “maintained and enhanced” under a Brexit deal, if it is to survive intact.
Source: Sky Business News
Softbank invests $1bn in space satellite startup OneWeb
Softbank’s founder is investing $1bn (£806m) in US startup OneWeb as the “first step” in an investment pledge he made to Donald Trump.
Source: BBC