The National Audit Office said yesterday that it would investigate the
QinetiQ deal that saw US private equity firm Carlyle acquire a third of the
group for only £42m.
Carlyle’s stake, four years on, is now valued at more than £300m as the
defence research company gears up for New Labour’s first major privatisation
The NAO is looking at a range of issues related to the flotation and the sale
In a statement it said it would look at: the choice of privatisation
strategy, governance arrangements, the management of the process (the split of
the Defence Evaluation and Research Agency into two, the sale to Carlyle and the
flotation), the price achieved, and whether the deal is likely to meet its
Speaking in the House of Commons minutes after triggering Article 50, prime minister Theresa May said that it was a 'historic moment from which there can be no turning back'
Legislation on the NICs changes to be brought forward in the autumn following publication of 'the full effects of the changes to Class 2 and Class 4' in the summer
The SME community voices concern about the chancellor's measures in the Spring Budget
Following chancellor Philip Hammond’s Spring Budget speech, we explore the key takeaways for businesses and individuals