Royal Mail’s parent company has acquired a minority stake in delivery network Collect+ for £43.9 million, leading to a rocketing share price for owner PayPoint. PayPoint set up Collect+ as a joint venture with Yodel in 2009. It would buy Yodel’s stake for just £6m in 2020. Now International Distribution Services …
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Appointments Merger and acquisition (M&A) technology advisory consultancy BML, has appointed Christel Wolthoorn as its new chief operating officer. Wolthoorn joins the London-based firm from her role as CEO of B-Corp Xander Talent. She will now be responsible for the implementation of strategic operations across the firm’s activities, spanning digital …
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Appointments The Insolvency Service has appointed former COO Alec Pybus as interim CEO after Dean Beale announced his departure earlier this year. Beale left the agency on 12 May, having been CEO of the Insolvency Service since 2019, to move to the Centre for Public Interest Audit as Executive Director. …
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RetailAppointments An independent proxy adviser has warned shareholders at boohoo of the “obvious risks” presented by Frasers Group to the company. Frasers, which owns 27% of boohoo’s shares, is seeking the appointment of its CEO Mike Ashley and Mike Lennon to the company’s board of directors alongside the removal of …
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EnviroTech Work has started on building a £15.6 million anaerobic digestion plant in Dorset which will convert local food waste and other organic material into renewable energy and bio-fertiliser. The project is the largest to be undertaken in the 29-year history of Eco Sustainable Solutions, based at Parley near Christchurch, …
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RetailDeals NexSys, a SYSPRO elite partner in the UK, will become part of SYSPRO’s wider global business, expanding its presence in the UK and Europe K3 Business Technology Group has reached an agreement to sell its NexSys Solutions subsidiary to global ERP software provider SYSPRO for £36 million in cash. …
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Investment Biotangents has raised £2.3 million to revolutionise the dairy farming industry with its on-farm diagnostic device to address disease in cows. Bovine mastitis alone is estimated to cost the global dairy farming industry around £20 billion every year, costing the average UK dairy farm up to £25,000 per annum. …
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RetailEnviroTechInvestment Movopack, a company providing eCommerce platforms with circular and sustainable packaging, has raised £2 million seed funding to launch in the UK via a partnership with Royal Mail. The company’s first expansion outside of Italy aims to help tackle a growing packaging waste crisis, where an estimated 1.7 billion …
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Investment An artificial intelligence (AI) company that help social landlords manage rent arrears has raised a further £1.55m in investment. Privgo has received the money from NPIF – Mercia Equity Finance, which is managed by Mercia and is part of the Northern Powerhouse Investment Fund (NPIF), and Mercia’s EIS funds. …
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PropTechInvestment Residently has secured £4.5 million of funding ‘to bring renting into the modern age’. By digitising the end-to-end customer experience in a $2 trillion market, Residently is aiming to streamline operations for property owners and renters, reducing costs and delays. There are currently over 5m rental homes in the …
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