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.
Culinary experts in The Netherlands thought it was 'fresh' and 'tasty'
Of all the computers Apple has ever made there’s only one that Steve Jobs had to sell his car to finance
- 1 Nokia no more: Microsoft drops once-ubiquitous mobile name – in favour of its Lumia brand
- 2 Renee Zellweger on plastic surgery: 'I'm living a more fulfilling life and I'm thrilled that perhaps it shows'
- 3 Jimmy Carr's controversial Oscar Pistorius joke goes too far at the Q Awards
- 4 Australian café owner sparks debate after saying 'No' to having unruly children on premises
- 5 NHS staff banned from drinking tea or coffee on the job because it looks like they're not working hard enough
Renee Zellweger on plastic surgery: 'I'm living a more fulfilling life and I'm thrilled that perhaps it shows'
Isis releases first video showing the stoning of woman accused of committing adultery as her father shouts 'don't call me Dad'
Diwali: What is the festival of lights – and how is it celebrated around the world?
Nathan Cirillo: Final pictures emerge of soldier moments before he was shot dead by Ottowa gunman
Ottawa shootings: Terror strikes Canadian capital as attacks leave one soldier and one suspect dead
Cameron is warned 'no possibility' of UK reducing immigration and that bid to bring in quota on migrant workers would be illegal
Of course, teenage girls need role models – but not like beauty vlogger Zoella
Support for EU membership 'at highest level since 1991' with most Brits wanting to stay 'in'
Residents should throw a street party and mix with immigrant neighbours, councils told
Russell Brand threatened with arrest after filming outside Fox News headquarters
London bus driver 'kicks gay couple off for kissing'
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