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Top story
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Loss at The Weather Lottery as disputes rain in
Contractual wrangles with football clubs signed up to its FC Betz brand has led to The Weather Lottery reporting a first-half pre-tax loss of £321,000 on turnover of £668,000. The Doncaster-based business, which this morning (15 April) said it had acquired Soccerdome in a £375,000 deal, is also awaiting the outcome of a fraud case against former managing director Keith Milhench and one other ex-employee, Amie Pickersgill-Smith, accused of defrauding the company of £80,000.
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Deals
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Technophobia bought by Capita
Sheffield-based Technophobia has been acquired by outsourcing company Capita. Technophobia will become part of Capita’s IT services division but retain its own distinct identity and remain as a standalone business entity.
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VR to expand after Finance Yorkshire loan
VR Software is eyeing international expansion after securing a business loan investment from Finance Yorkshire. The Boroughbridge-based business, which produces online visual tools for retailers, reported 18 per cent year on year growth in 2010.
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SPM targets expansion with machine investment
Sheffield Precision Medical has invested in additional machinery as it looks to respond to interest generated by its attendance at an orthopaedic conference in San Diego.
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Business
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R&R celebrates topping Profit Track
R&R Ice Cream has topped the Sunday Times PwC Profit Track 100 list. The Northallerton business is one of nine Yorkshire companies on the list.
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Avacta revenue up, losses cut
York-based biotechnology business Avacta Group has posted a £597,000 pre-tax loss for the six months to 31 January 2011. The figure is down on last year's equivalent pre-tax loss of £1.19m. The business said it has made "excellent commercial progress" with revenue up 12 per cent in the period to £1m.
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Renew fine reduced on appeal
Renew Holdings has told the Stock Exchange an Office of Fair Trading fine has been reduced on appeal from £3.5m to £926,250.
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Yorkshire Forward assets hit the market
Fifteen assets owned by Yorkshire Forward are to be sold on the open market under plans announced by the government. They are the first in a series of sites set to be sold off.
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Property
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Work starts on £7m Meadowhall project
Work has started on a £7m redevelopment of the Oasis food court at Meadowhall in Sheffield. Owner British Land said the work would create a 61,000 sq ft space due to be completed by October 2011.
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Plans submitted for Recreation Ground redevelopment
Redevelopment at Chesterfield FC's former home is set to begin after HOW Planning submitted plans for a residential development at the Recreation Ground.
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