Prolectric Services has been taken over by Hill & Smith Holdings. Proelectric specialises in solar lighting technology.
Standard Life Aberdeen is to change its name to Abrdn. The asset management, technology and wealth company says that the Abrdn name (pronounced “Aberdeen”) will be part of a 'modern, agile, digitally-enabled brand' that will also be used for all its client-facing businesses globally. The name change is expected to take place later in 2021.
WEBS, one of the leading websites for knitting enthusiasts in the USA, has been bought by LoveCrafts.
A new global leader in the sustainable biomass generation market has been created following the announcement that Drax has acquired the Canadian company Pinnacle Renewable Energy.
The accountancy firms Mitten Clarke and DJH are to merge.
The managed services company Blue Chip has been acquired by the American company Service Express.
The well known British clothing brands Burton, Dorothy Perkins and Wallis have been bought out of administration by boohoo. The £25.2m deal is for all of the e-commerce and digital assets and associated intellectual property rights, including customer data, related business information and inventory.
Edialux, one of France’s leading pest control suppliers, has been bought by Pelsis Group. The deal continues Pelsis Group’s international expansion.
The card payments company Handepay has been taken over by PayPoint.
The legal minimum wage for workers aged 23 and over went up to £8.91 per hour from 1 April 2021. This represents a 2.2% increase.However the Government has decided that the increase does not apply to people who are on furlough.The minimum hourly rate for people aged 21 and 22 increased to £8.36, for those aged 18–20 it became £6.56 and for the under-18s the rate went up to £4.62. The apprentice rate rose by 15p to £4.30.