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.

Start your day with The Independent, sign up for daily news emails
PROMOTED VIDEO
ebooks
ebooksA special investigation by Andy McSmith
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

Recruitment Genius: Software Development Manager

£40000 - £50000 per annum: Recruitment Genius: This is an exciting opportunity...

Ashdown Group: Product Manager - (Product Marketing, Financial Services)

£30000 - £35000 per annum + Benefits: Ashdown Group: Marketing Manager - Marke...

Recruitment Genius: Compliance Assistant

£13000 per annum: Recruitment Genius: This Pension Specialist was established ...

Ashdown Group: Market Research Executive

£23000 - £26000 per annum + Benefits: Ashdown Group: Market Research Executive...

Day In a Page

Isis hostage crisis: The prisoner swap has only one purpose for the militants - recognition its Islamic State exists and that foreign nations acknowledge its power

Isis hostage crisis

The prisoner swap has only one purpose for the militants - recognition its Islamic State exists and that foreign nations acknowledge its power, says Robert Fisk
Missing salvage expert who found $50m of sunken treasure before disappearing, tracked down at last

The runaway buccaneers and the ship full of gold

Salvage expert Tommy Thompson found sunken treasure worth millions. Then he vanished... until now
Homeless Veterans appeal: ‘If you’re hard on the world you are hard on yourself’

Homeless Veterans appeal: ‘If you’re hard on the world you are hard on yourself’

Maverick artist Grayson Perry backs our campaign
Assisted Dying Bill: I want to be able to decide about my own death - I want to have control of my life

Assisted Dying Bill: 'I want control of my life'

This week the Assisted Dying Bill is debated in the Lords. Virginia Ironside, who has already made plans for her own self-deliverance, argues that it's time we allowed people a humane, compassionate death
Move over, kale - cabbage is the new rising star

Cabbage is king again

Sophie Morris banishes thoughts of soggy school dinners and turns over a new leaf
11 best winter skin treats

Give your moisturiser a helping hand: 11 best winter skin treats

Get an extra boost of nourishment from one of these hard-working products
Paul Scholes column: The more Jose Mourinho attempts to influence match officials, the more they are likely to ignore him

Paul Scholes column

The more Jose Mourinho attempts to influence match officials, the more they are likely to ignore him
Frank Warren column: No cigar, but pots of money: here come the Cubans

Frank Warren's Ringside

No cigar, but pots of money: here come the Cubans
Isis hostage crisis: Militant group stands strong as its numerous enemies fail to find a common plan to defeat it

Isis stands strong as its numerous enemies fail to find a common plan to defeat it

The jihadis are being squeezed militarily and economically, but there is no sign of an implosion, says Patrick Cockburn
Virtual reality thrusts viewers into the frontline of global events - and puts film-goers at the heart of the action

Virtual reality: Seeing is believing

Virtual reality thrusts viewers into the frontline of global events - and puts film-goers at the heart of the action
Homeless Veterans appeal: MP says Coalition ‘not doing enough’

Homeless Veterans appeal

MP says Coalition ‘not doing enough’ to help
Larry David, Steve Coogan and other comedians share stories of depression in new documentary

Comedians share stories of depression

The director of the new documentary, Kevin Pollak, tells Jessica Barrett how he got them to talk
Has The Archers lost the plot with it's spicy storylines?

Has The Archers lost the plot?

A growing number of listeners are voicing their discontent over the rural soap's spicy storylines; so loudly that even the BBC's director-general seems worried, says Simon Kelner
English Heritage adds 14 post-war office buildings to its protected lists

14 office buildings added to protected lists

Christopher Beanland explores the underrated appeal of these palaces of pen-pushing
Human skull discovery in Israel proves humans lived side-by-side with Neanderthals

Human skull discovery in Israel proves humans lived side-by-side with Neanderthals

Scientists unearthed the cranial fragments from Manot Cave in West Galilee