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.
Jeremy Paxman reveals he has heard senior Tories calling activists 'swivel-eyed loons'
Gay couple beaten in park urge MPs to moderate language on gay marriage
Strewth mate. Aussies wave goodbye to Britain as it becomes too pricey to stay
X marks the spot: The find that could rewrite Australian history
Oklahoma tornado latest: Obama pledges support for 'as long as it takes' to rebuild the suburb of Moore
- 1 'He was lucky he didn't die' - George Michael fell out of speeding car onto M1 motorway, according to eye witness
- 2 Austerity has hardened the nation's heart
- 3 Gay couple beaten in park urge MPs to moderate language on gay marriage
- 4 X marks the spot: The find that could rewrite Australian history
- 5 'It was just like the movie Twister': Man survives Oklahoma tornado by taking refuge in horse stall
BMF is the UK’s biggest and best loved outdoor fitness classes
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