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.
- 1 I'm A Celebrity 2014: Jungle security stepped up after murder and 'suspicious death' near to camp
- 2 To help fuel their propaganda machine against the poor, our government has now decided to redefine the word 'welfare'
- 3 Jeremy Hunt: 'I took my children to A&E because I didn't want to wait for GP appointment'
- 4 Girl, 7, gets Tesco to remove 'stupid' sign suggesting superheroes are 'for boys'
- 5 This letter from a reader explains why women can’t play football
Sarah Vine criticises lesbian mother Jack Monroe: 'If she was unsure about her sexuality, she should have taken greater precautions'
Black Friday 2014: Opening times for Asda, John Lewis, PC World, GAME and Argos
Three-year-old boy accidentally shoots dead his mother in Tulsa, Oklahoma, as she changes her younger daughter's nappy
Michael Brown shooting: Driver smashes into crowd as protests erupt across the US during a second night of unrest
Jeremy Hunt: 'I took my children to A&E because I didn't want to wait for GP appointment'
Rochester by-election: Ukip gains second MP as Tory defector Mark Reckless holds seat
'Beast of Bolsover' Dennis Skinner takes Ukip MP Mark Reckless to task moments after he is sworn in
Ukip says babies born to immigrants in the UK should be classed as migrants – which would include Nigel Farage’s own children
The young are the new poor: Sharp increase in number of under-25s living in poverty, while over-65s are better off than ever
Tamir Rice: 12-year-old boy playing with fake gun dies after being shot by Ohio police
Exclusive: UK approved £7m Israeli arms sales in six months before Gaza conflict
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