Internet ad broker BidSwitch has sued investors in a communications software provider that it acquired for £7.5 million ($10 million), accusing them of fraudulently inflating the financial position of the company, which led to millions of pounds in losses.
Internet ad broker BidSwitch has sued investors in a communications software provider that it acquired for £7.5 million ($10 million), accusing them of fraudulently inflating the financial position of the company, which led to millions of pounds in losses.
The biggest shareholder in technology company Raspberry Pi Holdings PLC has sold a 5.6% stake for approximately £60 million ($81 million), bookrunners Jefferies and Peel Hunt said Thursday.
A group of 20 leading financial firms including Barclays, HSBC and Aviva launched a nationwide drive backed by the Treasury and Financial Conduct Authority on Thursday to encourage U.K. savers to invest their cash.
Deutsche Telekom AG could merge with its American arm T-Mobile to create a global phone giant, digital bank Revolut envisions a $200 billion valuation for its potential initial public offering in 2028, and the owners of U.K. pharmacy chain Boots consider a public offering of their own.
The competition regulator said Thursday that it is seeking views on how the Nexfibre joint venture's $2.7 billion acquisition of Substantial Group, the second-largest alternative fiber provider in the U.K., could harm competition in the country.
Britain's competition watchdog said Thursday that it is seeking views from interested parties on how eBay's planned $1.2 billion acquisition of Depop, an online marketplace for used apparel, could affect competitiveness in the country.
Active Energy Group PLC, a renewable power business, said Thursday that it has agreed to the terms of a proposed deal to acquire a grid connection in the United Arab Emirates, in a cash-and-shares transaction worth £1.25 million ($1.7 million).
Fintel PLC said Thursday it has entered into an agreement to sell two companies in a deal worth up to £1 million ($1.35 million), which the software provider expects will help to sharpen its focus on its core platforms.
Quantum Data Energy said Thursday that it has undertaken a share issue program to raise £1 million ($1.4 million), as the power plants operator looks to boost its energy production.
