Archive for August 15th, 2012

Virgin Rail, Pendolino train

Virgin Rail loses West Coast contract to FirstGroup

Sir Richard Branson’s UK rail operator, Virgin Rail, has lost its bid to continue running the West Coast mainline route, it was announced today. The contract has been handed to rival operator FirstGroup plc (LSE:FGP), which according to Sir Richard […]

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Payment Processing

New York-listed Global Payments acquires payments partner APT

US electronic transaction processing solutions company Global Payments Inc (NYSE:GPN) said on Wednesday it had reached a deal to take over Accelerated Payment Technologies Inc (APT) from private

Unemployment down in the UK

UK unemployment down despite double dip recession

There was a decrease in the number of people out of work in the UK in the three months to June, official figures showed today. According to the latest

mobile advetising

Mobile advertising has significant impact on UK consumers — report

UK consumers are becoming increasingly comfortable with mobile advertising and it is exerting a significant impact on their purchasing behavior, according to the new UK Mobile Media Consumption Report published

Lloyds Bank, London

UK’s Lloyds agrees to sell private equity portfolio to Coller for £1bn

British lender Lloyds Banking Group Plc (LON:LLOY) on Wednesday said it had struck a deal to dispose of a portfolio of private equity investments to a fund of

Photography

Sponsor Carlyle leads race to acquire Getty Images in $3.4bn deal

US buyout group Carlyle Group LP (NASDAQ:CG) is the frontrunner in a bidding to buy visual content provider Getty Images Inc, for which its current private equity owner

Iron ore formation

Britannia Mining in talks to merge with US-based Micron

UK-based mining development firm Britannia Mining Plc announced it had entered into a letter of intent (LoI) with US sector company Micron Enviro Systems Inc (PINK:MSVS) to carry

Refinery

Calumet to acquire Montana Refining Company for $120m

US speciality hydrocarbon products refiner Calumet Specialty Products Partners LP (NASDAQ:CLMT) said it would buy domestic crude oil refiner Montana Refining Company Inc in a USD120m (EUR97.4m) deal

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