Company news in brief

BTR, the diversified industrial group at which Ian Strachan recently took over from Alan Jackson as chief executive, said yesterday it is planning to withdraw from Taiwan. The company is seeking prospective buyers for its holding in China General Group, which in turn has investments in five Taiwanese companies. BTR has reportedly failed to reach targeted earnings in the Far East largely dur to problems at its Taiwanese operations.

Avonside, the building group, reported a pounds 5.2m loss for 1995, hit by property write-downs and re-organisation costs. The group, which made a pounds 5.5m profit in 1994, said it was not confid West heartland with prices expected to remain under pressure. The final dividend was axed, leaving shareholders with the 1p interim payout, compared to last year's total dividend of 4.4p.

CE Heath, the insurance broker, yesterday confirmed the demerger of its computer services division Rebus Group which will be seperately listed on the London Stock Exchange. Each CE Heath shareholder will receive one Rebus Share for each CE Heath share held on 9 April1996. CE Heath will continue to be listed following the demerger.In order to provide the demerged company with capital, CE Heath will subscribe pounds 4.5 m for up to a maximum of 7.158 million Rebus shares, equating to a maximum of 9.5 per cent of the enlarged share capital of Rebus.

Wates City of London exchanged contracts yesterday on the previously flagged acquisition of Brittanic Tower from BP. The consideration is in two parts - an upfront payment of pounds 30m followed by a second instalment which depends on the outcome of Wates's proposed development of the City site. Britannic Tower is the second tallest office building in the City of London with 300,000 square feet of space above ground on a site of over 100,000 square feet. Wates has a range of plans for the site, including shopping, entertainment, eating and leisure facilities.

British Airways has awarded a 10-contract worth $2.3bn to General Electric of the US for engine overhauls and repairs. GE said the work would be done at the Nantgarw plant in Wales belonging to its GE Engine Services subsidiary. Engines to be repaired include Rolls-Royce RB211s and Pratt & Whitney JT8 and JT9 engines.

London International, the condom manufacturer, has appointed two new non executive directors. Roger Matthews is group finance director at Compass Group. The other director, Linda Collier, is a consultant and a former corporate finance director at Schroders.

PROMOTED VIDEO
News
Rumer was diagnosed with bipolarity, attention deficit hyperactivity disorder and post-traumatic stress disorder: 'I was convinced it was a misdiagnosis'
peopleHer debut album caused her post-traumatic stress - how will she cope as she releases her third record?
Arts and Entertainment
'New Tricks' star Dennis Waterman is departing from the show after he completes filming on two more episodes
tvOnly remaining original cast-member to leave long-running series
Life and Style
Couples have been having sex less in 2014, according to a new survey
life
Voices
Holly's review of Peterborough's Pizza Express quickly went viral on social media
voices
Arts and Entertainment
musicBiographer Hunter Davies has collected nearly a hundred original manuscripts
Sport
A long jumper competes in the 80-to-84-year-old age division at the 2007 World Masters Championships
athletics
News
ebooksAn unforgettable anthology of contemporary reportage
Life and Style
Walking tall: unlike some, Donatella Versace showed a strong and vibrant collection
fashionAlexander Fury on the staid Italian clothing industry
Arts and Entertainment
Gregory Porter learnt about his father’s voice at his funeral
music
Arts and Entertainment
tvHighs and lows of the cast's careers since 2004
Life and Style
Children at the Leytonstone branch of the Homeless Children's Aid and Adoption Society tuck into their harvest festival gifts, in October 1936
food + drinkThe harvest festival is back, but forget cans of tuna and packets of instant mash
Sport
Lewis Hamilton will start the Singapore Grand Prix from pole, with Nico Rosberg second and Daniel Ricciardo third
F1... for floodlit Singapore Grand Prix
Latest stories from i100
Have you tried new the Independent Digital Edition apps?
Independent Dating
and  

By clicking 'Search' you
are agreeing to our
Terms of Use.

iJobs Job Widget
iJobs Money & Business

Senior BA - Motor and Home Insurance

£400 - £450 Per Day: Clearwater People Solutions Ltd: **URGENT CONTRACT ROLE**...

Market Risk & Control Manager

Up to £100k or £450p/d: Saxton Leigh: My client is a leading commodities tradi...

SQL Developer - Watford/NW London - £320 - £330 p/d - 6 months

£320 - £330 per day: Ashdown Group: The Ashdown Group have been engaged by a l...

Head of Audit

To £75,000 + Pension + Benefits + Bonus: Saxton Leigh: My client is looking f...

Day In a Page

Scottish referendum: The Yes vote was the love that dared speak its name, but it was not to be

Despite the result, this is the end of the status quo

Boyd Tonkin on the fall-out from the Scottish referendum
Manolo Blahnik: The high priest of heels talks flats, Englishness, and why he loves Mary Beard

Manolo Blahnik: Flats, Englishness, and Mary Beard

The shoe designer who has been dubbed 'the patron saint of the stiletto'
The Beatles biographer reveals exclusive original manuscripts of some of the best pop songs ever written

Scrambled eggs and LSD

Behind The Beatles' lyrics - thanks to Hunter Davis's original manuscript copies
'Normcore' fashion: Blending in is the new standing out in latest catwalk non-trend

'Normcore': Blending in is the new standing out

Just when fashion was in grave danger of running out of trends, it only went and invented the non-trend. Rebecca Gonsalves investigates
Dance’s new leading ladies fight back: How female vocalists are now writing their own hits

New leading ladies of dance fight back

How female vocalists are now writing their own hits
Mystery of the Ground Zero wedding photo

A shot in the dark

Mystery of the wedding photo from Ground Zero
His life, the universe and everything

His life, the universe and everything

New biography sheds light on comic genius of Douglas Adams
Save us from small screen superheroes

Save us from small screen superheroes

Shows like Agents of S.H.I.E.L.D are little more than marketing tools
Reach for the skies

Reach for the skies

From pools to football pitches, rooftop living is looking up
These are the 12 best hotel spas in the UK

12 best hotel spas in the UK

Some hotels go all out on facilities; others stand out for the sheer quality of treatments
These Iranian-controlled Shia militias used to specialise in killing American soldiers. Now they are fighting Isis, backed up by US airstrikes

Widespread fear of Isis is producing strange bedfellows

Iranian-controlled Shia militias that used to kill American soldiers are now fighting Isis, helped by US airstrikes
Topshop goes part Athena poster, part last spring Prada

Topshop goes part Athena poster, part last spring Prada

Shoppers don't come to Topshop for the unique
How to make a Lego masterpiece

How to make a Lego masterpiece

Toy breaks out of the nursery and heads for the gallery
Meet the ‘Endies’ – city dwellers who are too poor to have fun

Meet the ‘Endies’ – city dwellers who are too poor to have fun

Urbanites are cursed with an acronym pointing to Employed but No Disposable Income or Savings
Paisley’s decision to make peace with IRA enemies might remind the Arabs of Sadat

Ian Paisley’s decision to make peace with his IRA enemies

His Save Ulster from Sodomy campaign would surely have been supported by many a Sunni imam