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Redcentric has now completed its £124.9m data-centre business disposal transaction. Final adjustments increased the proceeds above May’s estimate as the listed technology group concentrates on its remaining managed-services operations.
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BrewDog creditors face further losses after administrators confirm funding shortfalls. Its former retail business lacks enough money to meet £489,000 of wage-related claims and £2.4m of unpaid VAT, while unsecured recoveries remain minimal.
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Google’s £260m UK app developer settlement has secured tribunal approval. A £160m compensation pool will now be available to eligible developers, although Google has made no admission of liability or wrongdoing.
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Foresight is backing AIC’s management buyout with £12m investment capital. The Leeds distributor plans to expand its product range and geographic reach while investing in sales, its website, and data-driven operations.
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FCA reforms target persistent barriers affecting smaller business finance access. Its review found regulation is not the main obstacle, but complex applications, duplicated checks, information gaps, and unsuitable products continue to make funding harder to obtain.
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Softcat is expanding its US reach through a major acquisition. The UK-listed technology group has agreed a $1.05bn deal for GDT, adding substantial North American scale across data centres, networking, AI infrastructure, and cybersecurity.
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Mitie investors have approved OCS’s recommended cash acquisition proposal today. The vote clears a major transaction condition, although court sanction and regulatory processes still stand between the companies and completion.
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UKRI is reviewing intellectual-property conditions attached to public research funding. The work follows concern over retaining more domestic value when university spinouts raise capital, relocate or list overseas.
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PwC group revenue fell despite growth in its UK business. Middle East disruption pulled consolidated turnover down 3%, while average UK partner distributions increased to £935,000.
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WH Smith expects annual profit at its previous guidance floor. Revenue grew during the summer, but promotional activity, inflation and weaker margins have constrained the travel retailer’s earnings.