Netengines, a workforce e-procurement technology firm, has secured second-round funding of £4 million for its Staffzone commerce platform. The company says the next development phase will be the automation of staffing. www.netengines.com
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Netengines, a workforce e-procurement technology firm, has secured second-round funding of £4 million for its Staffzone commerce platform. The company says the next development phase will be the automation of staffing. www.netengines.com
Traveldoo, a provider of second-generation electronic travel procurement solutions, is to offer Ariba’s Ready e-Procurement for business travel via its ShopSite. The Ariba system connects buyers and suppliers via the Ariba Commerce Services Network. www.traveldoo.com
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Low-cost steel imports from outside the EU are taking more of the UK market, according to latest figures from the UK Steel Association. Around 8.2 million tonnes will be imported this year, up by 6.5 per cent. All the increase is from non-EU countries. But consumption of steel is expected to be flat this year because of the downturn in manufacturing.
More than 3,000 of electrical distributor Newey & Eyre’s products have been added to PublicSource, the e-procurement channel arm of public-sector building materials provider Wolseley Centers. www.publicsource.co.uk
BAE Systems, the UK’s largest defence contractor and the third largest in the world, has warned it might pull out of UK naval shipbuilding if the Ministry of Defence continues to place orders at yards around the country for “political reasons”. BAE is insisting it builds all 12 of the Navy’s Type 45 destroyers, rather than share construction with Hampshire-based rival Vosper Thorneycroft.
Britain’s largest banks are overcharging small and medium-sized enterprises for loans and current accounts, according to a provisional report from the Competition Commission. Banks are operating a “complex monopoly” that could be against the public interest, said the commission, whose final report will be issued in June.