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Market Report: UK consumer confidence leaps up but Britain's borrowing costs grow £250bln in a year

Market Report: UK consumer confidence leaps up but Britain s borrowing costs grow £250bln in a year
The Market Report with Katie Pilbeam FTSE 100 edged lower even though the widely followed Gfk retail survey showed an improvement in March with consumer confidence also improving. The blue-chip index shed 11 to 6,927.
Britain’s borrowing in March hit a new record of £28bn as the government continued to support the economy through the pandemic. Total borrowing so far this financial year is now £303bn or £250bn higher than twelve months ago.
Joe Biden, meanwhile, is looking to sort the US ‘s growing debt by taxing the rich. Wealthy Americans face hikes in the top rate of income tax and on investment gains under proposals unveiled overnight by the US President. ....

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Bloomsbury Publishing PLC beefs up academic publishing offering with bolt-on acquisition

The independent publisher is acquiring Red Globe Press from Macmillan Education for £3.7mln
Bloomsbury Publishing PLC (LON:BMY) has snapped up certain assets of Red Globe Press (RGP), the academic imprint, from Macmillan Education Ltd for £3.7mln.
Bloomsbury said £2.1mln will be satisfied in cash at completion and up to £1.6mln will be paid on or post-completion, subject to the assignment of certain contracts.
RGP specialises in high-quality publishing for Higher Education students globally in Humanities and Social Sciences, Business and Management, and Study Skills. It has a backlist of more than 7,000 titles and publishes more than 100 new titles per year, with content including digital platforms, textbooks, research-driven materials and general academic publishing. ....

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Bloomsbury Publishing PLC beefs up its academic publishing offering with bolt-on acquisition

The independent publisher is acquiring Red Globe Press from Macmillan Education for £3.7mln
Bloomsbury Publishing PLC (LON:BMY) has snapped up certain assets of Red Globe Press (RGP), the academic imprint, from Macmillan Education Ltd for £3.7mln.
Bloomsbury said £2.1mln will be satisfied in cash at completion and up to £1.6 million will be paid on or post-completion, subject to the assignment of certain contracts.
RGP specialises in high-quality publishing for Higher Education students globally in Humanities and Social Sciences, Business and Management, and Study Skills. It has a backlist of more than 7,000 titles and publishes more than 100 new titles per year, with content including digital platforms, textbooks, research-driven materials and general academic publishing. ....

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Bloomsbury Publishing PLC on the rise after Red Globe Press acquisition

Bloomsbury Publishing on the rise after Red Globe Press acquisition
A look at Friday s major share movers on the London Stock Exchange
Bloomsbury Publishing PLC (LON:BMY) gained 7% to 299.65p after snapping up certain assets of Red Globe Press (RGP), the academic imprint, from Macmillan Education Ltd for £3.7mln.
The Harry Potter publisher said £2.1mln will be satisfied in cash at completion and up to £1.6mln will be paid on or post-completion, subject to the assignment of certain contracts.
RGP specialises in high-quality publishing for Higher Education students globally in Humanities and Social Sciences, Business and Management, and Study Skills. It has a backlist of more than 7,000 titles and publishes more than 100 new titles per year, with content including digital platforms, textbooks, research-driven materials and general academic publishing. ....

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Proactive news headlines: Bahamas Petroleum Company PLC, Genedrive PLC, Skinny Tonic, Plant Health Care PLC...

A glance at the day s highlights from the Proactive Investors newswire ....

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