Business in brief
Monday 21 July 1997
German companies have overtaken British businesses as the most attractive takeover targets in the European Union for overseas corporate investors, according to another survey by KPMG.
In the first six months of the year pounds 8.8bn of foreign corporate investment flowed into Germany, a six-fold increase on the first half of last year. Acquisitions by international companies in the UK fell 40 per cent to $11.6bn - the first decline for more than three years. KPMG said the decline was probably due to the strong pound and the UK's stance on the single currency.
A City-based outplacement consultancy called Fairplace Consulting is set to float on AIM on 28 July to raise pounds 765,000, valuing the business at pounds 3.7m. The business was founded in 1992 by chairman Mark Allsup and Colyn Gardner, a non-executive director, and specialises in the financial sector. Nominated advisers are Grant Thornton and brokers are Ellis & Partners.
Ribo Targets, a new biotechnology company formed by a research team at the Medical Research Council Laboratory of Molecular Biology at Cambridge, has received pounds 7m from four private equity funds. Ribo will use the funds to research and develop a new generation of pharmaceuticals for the treatment of HIV and Hepatitis C.
- 1 UK pirates will get four warning letters a year
- 2 Apple has installed security backdoors on 600m iPhones and iPads, claims security researcher
- 3 Malaysia Airlines MH17 crash: Pro-Russian rebel 'admits to shooting down plane'
- 4 Is Gideon Levy the most hated man in Israel or just the most heroic?
- 5 Students offered grants if they tweet pro-Israeli propaganda
Malaysia Airlines MH17 crash: Pro-Russian rebel 'admits to shooting down plane'
Is Gideon Levy the most hated man in Israel or just the most heroic?
Israel-Gaza conflict: Deadly flechette shells 'used by Israeli military in Gaza Strip’
Malaysia Airlines MH17 crash: Blogger captures footage ‘showing BUK missile launcher that shot down jet’ now back in Russia
In pictures: Israel-Gaza conflict
Malaysia Airlines flight MH17 crash: 'Nine Britons, 23 Americans and 80 children' feared dead after Boeing passenger jet is 'shot down' near Ukraine-Russia border
Malaysia Airlines MH17 crash: Vladimir Putin is given 'one last chance' to end hostilities in Ukraine
The 'scroungers’ fight back: The welfare claimants battling to alter stereotypes
The truth about conspiracy theories is that some require considering
Malaysia Airlines MH17 crash: Ukrainian military jet was flying close to passenger plane before it was shot down, says Russian officer
Malaysia Airlines MH17 crash: victims’ bodies bundled in black bags and loaded onto trains
iJobs Money & Business
£380 - £480 per day: Orgtel: Business Analyst - Banking - Edinburgh - £380 - ...
£850 - £950 per day: Orgtel: Programme Director - Conduct Risk - Banking - £85...
£45000 - £50000 Per Annum + excellent benefits: Clearwater People Solutions Lt...
£250 - £300 per day + competitive: Orgtel: Finance Manager - Accountant - Bank...