Umeco is to raise £48m in a rights issue to fund acquisitions and the expansion of its aerospace parts factories and warehouses, and has also announced the acquisition of Provest of Italy for £14m.... [more]

BT has acquired Total Network Solutions, the Oswestry-based networking company with 92 staff and annual turnover of £14m.... [more]

Neteller has acquired Netinvest and its Netbanx subsidiary, the Cambridge-based payment service provider, from Transact Group for £12m.... [more]

O2, the mobile phone operator, has accepted a £17.7bn takeover bid from Telefonica of Spain.... [more]

John David Group has bought Allsports out of administration for £18m, and is expected to keep 111 of the sports stores with an option on the remaining 67.... [more]

Vodafone is to sell its Swedish mobile phone operation to Telenor of Norway for £704m.... [more]

Photo-Me International, the photo booth operator, has bought the Wholesale Lab Division of Agfa Photo out of administration for £6.1m.... [more]