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Financial

UK plcs sitting on £64bn cash pile

UK plcs are sitting on £64 billion of excess working capital, according to a leading Cambridge accountant.

High carbon investments threaten UK pensions

Dr Aled JonesThe pensions of British workers are being jeopardised by the City’s over reliance on high carbon investments, according to Dr Aled Jones, Director of Anglia Ruskin University’s Global Sustainability Institute in Cambridge UK.

New cash source for East of England SMEs

Sally Goodsell, FSE chief executiveA new funding and services powerhouse has been formed to provide cash to high-growth East of England SMEs.

Lovewell Blake opens in Bury St Edmunds

The Lovewell Blake team in Bury St EdmundsOne of the region’s leading accountancy firms, Lovewell Blake, has opened a new office in Bury St Edmunds as the latest move in expanding business in Suffolk.

Prometic adds European flesh to the bones

ProMeticProMetic Life Sciences Inc has signed an agreement with an unnamed leading European biotechnology manufacturing company.

Environmentally sensitive employee benefits

James BoltonBuilding a ‘green’ employee benefits package that can fit with your company’s ethos and credentials and your employees’ attitudes can be achieved with some thought and careful design. James Bolton, managing director of Atkinson Bolton Consulting Ltd, looks at some key areas.

Blossoming telecoms firm plucked by Daisy

Darren Bear, partner at Grant Thornton Corporate FinancePeterborough based Worldwide Group Holdings Ltd (Worldwide), a leading B2B reseller of telecoms services, has been acquired by Daisy Group plc for an initial cash consideration of £28 million, plus an earn-out.

Camgrain harvests new funding deal with HSBC

Camgrain is headquartered in Cambridge and was founded in 1983Cambridge based Camgrain Stores, the UK’s largest farmer-owned central storage co-operative, has moved its banking to HSBC, securing extra funding to develop its new central storage facility in Kettering, Northamptonshire.

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