Company News in Brief
Wednesday 20 April 1994
River & Mercantile Extra Income Trust has maintained the second interim dividend payout at 1.97p. Pre-tax revenue rose to pounds 2.2m (pounds 1.8m). Earnings per share improved to 4.6p (3.65p) as did net asset value per share from 104.74p to 125.75p.
Royal Bank of Scotland has agreed to sell its 64 per cent shareholding in Associated Merchant Bank, which conducts leasing and hire purchase business in Singapore, for an undisclosed sum.
Chemring Group, the decoys, safety clothes and equipment maker, has bought Graseby Nova from a subsidiary of Graseby for pounds 1.1m in cash. The company said the acquisition should have a positive effect on earnings per share and is being funded from Chemring's own resources. Grase Nova, which will trade as Nova Marine Systems (Nova Marine), makes electronic marine search and rescue products and produces radio control centre equipment for the police and coastguard services.
EIS Group the hydraulic and aircraft engineer has bought C & F Miller, an aeroengine tooling and maintenance equipment maker based in Bristol, for pounds 489,000 in cash. The deal includes a further maximum cash price of pounds 100,000 to be based on pre-interest profits in the next three years.
Simon Calder looks at communities fighting back against the poachers
Guide dog mauled while helping owner deliver Christmas cards
Life on Earth may have developed below rather than above ground, reveal scientists
Nelson Mandela’s complex bond with Britain
The poorest pay the price for austerity: Workers face biggest fall in living standards since Victorian era
10 stone five-year-old taken into care
- 1 Gurdwaras-turned-food banks: Sikh temples are catering for rise in Britain’s hungry
- 2 Council bans use of word ‘Commie’ – but ‘fascist’ and ‘Nazi’ are fine
- 3 The man who made Femen: New film outs Victor Svyatski as the mastermind behind the protest group and its breast-baring stunts
- 4 The poorest pay the price for austerity: Workers face biggest fall in living standards since Victorian era
- 5 Mass murder in the Middle East is funded by our friends the Saudis
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