Two more UK energy companies are to cease trading. Avro Energy supplies gas and electricity to around 580,000 domestic customers, while Green Supplier Limited supplies gas and electricity to around 255,000 domestic customers and a small number of non-domestic customers. Customers of the failed companies will be transferred to a new supplier by the regulator, Ofgem.
Mishcon de Reya and Taylor Vinters have agreed to merge, forming a new company called MDR Taylor Vinters, which will offer legal and consultancy services to innovators and entrepreneurs.
Five of the UK’s smaller energy companies have ceased trading in the last month. Between them Hub Energy, PfP Energy, MoneyPlus Energy, Utility Point and People’s Energy supplied more than 600,000 customers. The energy industry is in turmoil as a result of a massive increase in wholesale global gas prices which the suppliers are unable to pass on to consumers because of the Energy Price Cap. More energy companies are expected to fail in the coming weeks.
London's largest independent plumbing and service company, Pimlico Plumbers, has been acquired by the American company Neighborly.
Sony Interactive Entertainment (SIE), the Sony division responsible for the PlayStation videogame console, has acquired the UK developer Firesprite. Established in 2012, Firesprite is best known for developing games that take advantage of the latest PlayStation hardware features, such as VR and adaptive controller triggers. It is the 15th studio to be owned directly by SIE.
888, one of the leading companies in the online betting industry, has acquired William Hill for £2.2bn. William Hill is one of the best known high street betting brands in the UK, operating more than 1,400 retail betting shops.
SMH Fleet Solutions, a vehicle preparation, logistics & storage specialist, has been taken over by Cazoo. The £70m deal gives Cazoo the capacity to recondition and deliver hundreds of thousands of cars per year and store tens of thousands of cars.
McLaren Group has sold its Applied business division to Greybull Capital. McLaren Applied is the official engine control unit supplier for all teams in Formula One. The sale enables McLaren Group to focus on supercar manufacturing and elite motorsport such as F1.
The ground engineering company Flynn Group has been bought by M&J Evans.
Bioscript has strengthened its end to end pharmaceutical communications provision with the acquisition of Fortis Pharma Consulting and Valid Insight.