Cisco snaps up London firm IMI Mobile in $730m deal December 7, 2020 US tech giant Cisco has agreed to buy London-based software company IMI Mobile in a $730m deal. IMI Mobile provides software and services for enterprise and its customers include BT, Hermes and O2. The tech firm will pay 595 pence per share in exchange for each IMI Mobile share, assuming fully diluted shares, net of [...]
Ensuring the health and safety of small business employees on global assignment December 7, 2020 As a small or medium sized business, with limited resources, you may find it challenging to adhere to the many Occupational Health and Safety (OHS) regulations that impact your business. If you are in the process of expanding your SME overseas and are hoping to send employees on expat assignment, there may be additional health [...]
Lawrence Dallaglio: Auction part of drive to give kids better prospects December 7, 2020 Watching the Autumn Nations Cup over the past few weeks has brought some much-needed entertainment to our lives but it has also provided a funding lifeline for the sport in a time where it was nervously looking into a challenging future. Whilst the sport will have to navigate some tricky decisions in relation to the [...]
UK house prices grow at strongest pace in four years December 7, 2020 UK house prices soared by 7.6 per cent in the year to November, according to the latest figures from Halifax, as buyers sought more space and tried to beat the end of the stamp duty holiday. House prices rose 1.2 per cent month on month and 7.6 per cent year on year to hit an [...]
Kingfisher joins supermarkets in returning business rates relief December 7, 2020 DIY retailer Kingfisher has joined a list of retailers announcing plans to repay millions in business rates relief it received at the start of the pandemic. The FTSE 100 firm has announced it will pay back £130m in tax relief, pointing to strong sales since it reopened its UK stores in April amid high demand [...]
Connells submits firm £112m offer for Countrywide December 7, 2020 Estate agency group Connells has upped its offer for rival Countrywide to around £112m, after making an earlier offer was rejected. Connells today announced a firm cash offer for Countrywide, the UK’s biggest listed estate agent, at a price of 325p per share. That was up from the 250p price floated in November. The group [...]
Mike Ashley’s Frasers Group confirms Debenhams rescue talks December 7, 2020 Mike Ashley’s Frasers Group confirmed it is in negotiations with Debenhams for a potential rescue deal, a week after the department store fell into administration. In a statement this morning, Frasers Group confirmed it is in talks with Debenhams’ administrators “regarding a potential rescue transaction”. It came with the caveat that there was little time [...]
Ted Baker’s losses deepen as coronavirus hits retailer December 7, 2020 Fashion retailer Ted Baker’s losses deepened in the first half of the year as coronavirus took a heavy toll on the UK firm’s business. Ted Baker’s reported operating loss before tax was £86.4m in the six months ended 8 August, down from a loss of £23m in the same period a year earlier. Underlying losses [...]
Minister does not rule out Covid vaccine passports December 7, 2020 A government minister has refused to rule out a Covid vaccine passport to allow people access to places such as pubs and restaurants once the jab has become available. Junior foreign office minister James Cleverly told Sky News: “Having confidence is important and that’s what the [vaccine] rollout plan is all about.” The NHS has [...]
Posters and adverts aren’t enough to prepare business for Brexit, says BCC December 7, 2020 Businesses still don’t have enough information available on Brexit in critical areas with just 24 days to go until the end of the transition period, an industry body has warned. The British Chamber of Commerce (BCC) has warned that the government’s Brexit guidance remains insufficient in a number of key areas. Its Brexit guidance dashboard [...]
