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 Saudi Arabia mosque bombing: Two volunteer security guards hailed as heroes for stopping Isis suicide bomber reaching worshippers
- 2 Maisie Williams has an excellent message for one confused fan
- 3 There is something wrong but very right about this Bible illustration
- 4 Puerto Rico, island of lost dreams: People are leaving the debt-hit territory in droves as near neighbour Cuba's star rises
- 5 Tampon tax scrapped in Canada after petition convinces conservative government
Saudi Arabia mosque bombing: Two volunteer security guards hailed as heroes for stopping Isis suicide bomber reaching worshippers
Maisie Williams has an excellent message for one confused fan
Archaeologists discover 2,400-year-old gold bongs in Russia
Tampon tax scrapped in Canada after petition convinces conservative government
Migrants in Kos: Photos show real tragedy after British tourists complain of 'awkward' holidays
EU referendum: David Cameron's rules are a 'democratic disgrace', says French-born Scottish politician set to be denied a vote
British tourists complain that impoverished boat migrants are making holidays 'awkward' in Kos
Migrants in Kos: Photos show real tragedy after Brits abroad complain of 'awkward' holidays
A nation of inequality: How the UK is failing to feed its most vulnerable people
Australian man punched in the face for defending Muslim women from abuse on train
David Starkey 'tells Amal Clooney to shut up and stop over-promoting human rights'
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