Aureus hires DRA for gold project November 26, 2013 Gold explorer Aureus Mining yesterday said that it has hired DRA Mineral Projects to provide engineering, procurement, construction and management services for the New Liberty gold project in Liberia. “[DRA is] very well placed to successfully execute the construction of the New Liberty project,” said David Reading, president and chief executive of the Aim-listed firm. [...]
Sable signs pact with Liberia November 26, 2013 Aim-listed iron ore explorer Sable Mining, co-founded by ex-England cricketer Phil Edmonds, said yesterday that its subsidiary West Africa Exploration has entered into a memorandum of understanding with the Liberian government. The agreement is intended to lead to a deal to develop and operate rail and port infrastructure, which will be used to export ion [...]
Kcom to split its chief executive and chair roles November 26, 2013 COMMUNICATIONS and IT services provider Kcom Group will split the roles of chairman and chief executive, it revealed alongside hints of a significant upcoming government contract win. From 1 April next year Graham Holden will assume the role of chairman and Bill Halbert will keep the role of chief executive, as the company completes its [...]
Pinewood Shepperton profits up as studios plead for more space November 26, 2013 PINEWOOD Shepperton, the home of the James Bond series, has reeled in strong first-half growth but warned its needs more space to cope with demand for filming. The film studio operator’s results were boosted by productions such as Disney’s Cinderella and Marvel’s Guardians of the Galaxy. And media investment revenue jumped to £11.2m in the [...]
Bayer bids £1.4bn for Norwegian cancer treatment partner Algeta November 26, 2013 BAYER has offered to pay £1.4bn for Norway’s Algeta, its partner for a new prostate cancer treatment, at a 27 per cent premium to the stock’s last close, Algeta said yesterday. The deal would boost Bayer’s drugs division by giving it outright control over Xofigo, a drug the two have developed jointly since 2009 and [...]
Bosch sells solar panel plant as £2bn loss takes shine off unit November 26, 2013 SOLARWORLD, once Germany’s top solar group, agreed to buy one of Bosch’s solar panel plants, as the car parts supplier rids itself of a business that caused it to post billions of euros worth of losses. Under the deal, SolarWorld will take over cell and module production capacity of a combined 900 megawatts (MW) from [...]
Tarsus enters the Mexican market November 26, 2013 Tarsus, the emerging markets exhibitions firm, has bought a 50 per cent stake in EJ Krause, marking the company’s first step into the Mexican market. “This agreement with EJ Krause enables Tarsus to acquire a stake in two leading events in Mexico – Plastimagen and Expo Manufactura. The joint venture fits our aim to quicken [...]
Watchdog drops Amazon probe November 26, 2013 Germany’s competition watchdog has dropped an investigation into Amazon after it agreed to stop forcing third-party merchants to offer their cheapest price when selling on its site. Amazon said in August it would stop its policy in the EU that prevented merchants selling on its Marketplace from offering lower prices on other sites. The German [...]
Publicis Omnicom seeks approval November 26, 2013 US advertising company Omnicom and French peer Publicis have asked EU antitrust regulators to approve their proposed $35.1bn merger to create the world number one agency. Omnicom, the world’s second biggest agency, and Publicis, the third biggest, unveiled the merger in July, saying it would help them compete better with online rivals. The EC said [...]
City Moves for 27 November 2013 | Who’s switching jobs November 26, 2013 Aecom Patrick Flaherty has been appointed managing director for the UK and Ireland at the technical and management support services firm. He joins from Fluor, where he was managing director of its UK operations and led its infrastructure business. Axa Investment Managers The asset management division of Axa has announced the appointment of John Porter [...]
