Week Ending: The demise of Bglobal; The other ISIS

SO it looks Bglobal will soon be confined to the history books.

The Lancashire business which has now sold off its assets said on Thursday it would be returning ££1.7m to shareholders and seeking voluntary liquidation, was once a promising growth business set to achieve great things,

But government delays and strategic shifts over the implementation of energy saving Smart Meters – where Bglobal was a leading player – left the business exposed, and after diversifying, investor action tore the company apart.

It just goes to show how cruel a master the City can be for businesses with big ideas.

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EXECUTIVES at ISIS Private Equity must have breathed a collective sigh of relief when the jihadi group Islamic State in Iraq and the Levant (ISIS) said it was changing its name to the simpler Islamic State.

The emergence and activities of the extremist group grabbed headlines and has given new associations to the word ISIS.

The original Isis was an Egyptian goddess who was said to be the friend of the downtrodden, but – crucially for ISIS Equity Partners – also listened to the prayers of the wealthy.