Business News in Brief: 31st October
Sunday 31 October 2010
Chalkwell to announce £600,000 cash boost
Chalkwell, the Alternative Investment Market shell, is expected to confirm this week that it has raised up to £600,000 from placing shares with institutional investors.
It is thought that Chalkwell hopes to use the cash to invest in US-focused group Core Oil & Gas, which might result in a reverse takeover of the business. Chalkwell was set-up in 2007 to buy assets in the natural resources sector around the world.
Warsaw exchange float beats expectations
Warsaw Stock Exchange's initial public offering has beaten price expectations and will raise 1.2bn zlotys when the nearly 26.79m shares start trading on 9 November. The sale of the 63% stake in the exchange is part of a 25bn zloty privatisation programme. Krzysztof Walenczak, Poland's treasury under secretary, said: "For the first time in the history of Poland's capital markets investors from 30 countries in all five continents have participated. This day will find its footnote in the history of Polish capitalism."
Bank committee ‘unlikely’ to change rates
The Bank of England’s monetary policy committee is unlikely to change interest rates or its asset purchase programme when it meets on Thursday after good third-quarter growth figures. A Reuters survey found only one of 57 economists expected the MPC to increase its spend on quantitative easing. The poll was taken after figures showed the economy grew twice as fast as expected at 0.8 per cent quarter-on-quarter in the three months to September.
- 2 General Election 2015: 14-year-old boy asks Nick Clegg – 'can you kill Katie Hopkins?'
- 3 University student in court for allegedly covering housemates' food in window cleaner and spit
- 4 Ryan Gosling posts tribute to 'Ryan Gosling Won't Eat His Cereal' creator Ryan McHenry
Italian police 'reveal' what Jesus looked like as a young boy
Mysterious 'X-Files' sounds heard miles above the Earth
Garland shooting: Isis claims attack on Prophet Mohamed cartoon contest in Texas as its first action on US soil
Met Gala 2015: Beyoncé manages to out-skimp Rihanna, Miley and Kim Kardashian combined with near-naked ensemble
General Election 2015: Photographic history of Bullingdon Club tracked down - including new picture of David Cameron in his finery
In defence of liberal democracy
Over 50,000 families shipped out of London boroughs in the past three years due to welfare cuts and soaring rents
EU asylum policy is 'a direct threat to our civilisation', says Nigel Farage
The Rothschild Libel: Why has it taken 200 years for an anti-Semitic slur that emerged from the Battle of Waterloo to be dismissed?
General Election 2015: UK will be 'run for the wealthy and powerful' if Tories retain power, Labour warns
General election live: SNP suspends two members for disrupting Labour rally
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