Your top 10 reads – Outsourcery, Osborne and skiving off for football…
THE drama at cloud services company Outsourcery continued this week, after UK Fast ruled itself out of any potential rescue deal.
The company, founded by Dragons’ Den investor Piers Linney, finally went into administration on Wednesday and as predicted its assets were sold in a pre-pack deal to a Vodafone partner, saving around 100 jobs.
London-headquartered GCI Network Solutions, a Vodafone Platinum partner, said the acquisition provides the opportunity to broaden and develop that collaboration.
Vodafone twice provided funding to stop Outsourcery running out of cash because of its commercial partnership with the cloud computing business.
You also wanted to know the detail of Manchester Airport Group’s £560m refinancing.
MAG says the facilities will provide strong support over the next few years for its growth and investment activities, including the Manchester Airport Transformation Programme.
On Monday Chancellor George Osborne used the platform of the opening day of the International Business Festival 2016 at the Exhibition Centre Liverpool to deliver his passionate “remain” message ahead of the upcoming EU referendum.
He said the future of the Northern Powerhouse is “on the ballot paper” in the European Union Referendum on June 23 and also used his speech to champion the concept of the Northern cities working together to create prosperity to help rebalance the UK economy.
Finally, we took a light-hearted look at how businesses across the region were yesterday bracing themselves for “the biggest skive of the year” ahead of the England v Wales football match.
Monday’s match against Slovakia has an 8pm kick-off – so perhaps business owners should have the paracetamol at the ready as staff come in on Tuesday.
And keep an eye out for our Weekender email on Saturday morning for a bit more Euro 2016 fun, including a list of characters you’re bound to see watching the beautiful game in a bar.
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