Entrepreneurship

Hornby sells Scalextric to Purbeck Capital Partners in £20m deal

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Hornby has agreed to sell the iconic slot car racing brand Scalextric for £20 million in a move designed to strengthen its balance sheet and refocus the business on its core brands. The Margate-based toy maker has struck a deal with family-owned investment vehicle Purbeck Capital Partners, which will acquire Scalextric and its associated intellectual […]

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IAG defeats ASIC’s bid to strip privilege from key pricing report

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Justice Rofe was not persuaded. The court found that the report was commissioned by Mark Kimberley, IAG’s executive manager of legal for insurance, reinsurance, and distribution, after senior in-house counsel recognised they needed actuarial expertise before any legal advice could be given. The involvement of other teams, the court found, was incidental to that core

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