Archive for February, 2013

Facebook acquires Spool

Social media giant Facebook to acquire Atlas Solutions from Microsoft

US-based social network Facebook Inc (NASDAQ:FB) plans to announce a deal to acquire the Atlas Solutions ad-serving division of software giant Microsoft Corp (NASDAQ:MSFT) today, two informed sources told Ad Age. As the magazine reported earlier in February, the payable […]

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Multiple retailers closed 20 stores a day across the UK in 2012

Multiple retailers across the UK closed 20 stores a day on average last year, according to new research published today. The study by PwC and the Local Data Company

Morgan Stanley

Standard Chartered in talks to acqurie Indian wealth management unit from Morgan Stanley

UK lender Standard Chartered Plc (LON:STAN) has engaged in discussions to acquire Morgan Stanley's (NYSE:MS) private wealth management business, Reuters reported, quoting two unnamed sources in the know. According

pay day loans

Escaping the Payday Loan Trap

When Payday loans get out of hand it can quickly lead to a vicious circle of debt in which you find yourself taking out new loans each month

UK in recession

Figures confirm 0.3% dip in UK economy for Q4

The UK economy contracted by 0.3% in the fourth quarter of 2012, official figures confirmed today. In its second estimate of GDP for the final quarter of the year,


UK insurance group Aviva agrees to sell Russian life and pension arm

UK insurer Aviva plc (LON:AV) on Wednesday said it was disposing of its Russian life and pensions business to local non-state pension fund Blagosostoyanie for EUR35m (USD46m) in

House Prices fall to record levels.

UK housebuilders welcome government efforts to boost housing market

Government schemes to help home buyers in the UK are having a positive impact on the housing market, three housebuilding companies said this week. Redrow, Persimmon and Bovis Homes

Celtic supporter, Scottish footbal

BT Group agrees to acquire ESPN’s UK and Ireland TV units

UK communications services provider BT Group Plc (LON:BT.A) has agreed to purchase the UK and Ireland TV channels business of US sports entertainment company ESPN Inc for an

Bank of America

Nordic lender Nordea mandates BofA to seek buyers for Polish operation

Swedish lender Nordea Bank AB (STO:NDA-SEK) has mandated Bank of America Merrill Lynch (BofA) to seek buyers for its Polish arm, Nordea Bank Polska SA (WAR:NDA), local daily

Oil rig off Black Isle, Scotland

UK oil and gas investment expected to reach 30-year high

Investment in the UK sector of the North Sea in 2013 will be the highest seen for more than 30 years, an industry body claimed today. In its 2013

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