UK businesses aren’t as agile or as proactive as their US counterparts, according to 1E founder Sumir Karayi, who is based in the UK but whose company’s main market is the States.
Asian entrepreneur Lord Karan Bilimoria is reportedly considering selling a 30 per cent stake of his Cobra Beer business to the world’s biggest alcoholic drinks firm – Diageo.
Gordon Brown has bowed to union demands and agreed to extend the minimum wage in a move that will cost businesses an extra £88m a year. “Too much government intervention could damage the UK’s ability to compete long after this political cycle is finished,” comments Matthew Goodman, policy representative at the Forum of Private Business.
Mark Norcliffe, MD of Future Office Equipment, saw his father survive a chronic downturn in the steel industry. It seems dogged resilience runs in the family. When he felt the squeeze himself, he was quick to diversify and secure his company’s fortunes.
Elizabeth Gaines has resigned as chief finance and operations director for Entertainment Rights.
Tony Quinlan has been appointed finance director of power group Drax.
Moneysupermarket.com, the UK price comparison company founded by Simon Nixon, has rejected a proposal by Ontario Teachers’ Pension Plan to buy it.
Plastics recycling business AWS Ecoplastics will use £6m raised in a funding round to expand its plant so that it will be able to process up to 100,000 tonnes of mixed plastic bottles a year.
David Blain has been appointed interim chief financial officer and company secretary of Renovo Group.
Michael Kane has been appointed chief financial officer of Clipper Windpower.