Gbagbo arrest kickstarts Ivory Coast trading April 11, 2011 FORMER Ivory Coast leader Laurent Gbagbo’s arrest yesterday and the recent lifting of EU sanctions could mean the world’s biggest cocoa producer can resume exporting as early as next week, some dealers said. Gbagbo, who lost presidential elections in November but refused to step down, was arrested yesterday after forces of his UN-recognised successor, Alassane [...]
JAPAN AFTERSHOCKS PUT FOCUS ON TEPCO April 11, 2011 THE ONE month anniversary of the Japanese earthquake and tsunami was yesterday marked by powerful aftershocks, which briefly cut power to the stricken Fukushima nuclear power plants and 220,000 households. A magnitude 6.6 tremor in eastern Japan halted work at Fukushima, where engineers are still pumping water into three damaged reactors to stave off a [...]
Venture capital investment hits £365m in bumper year April 11, 2011 INVESTMENT in venture capital trusts (VCTs) continued to rise following the recession, hitting £365m last year. The sum was the fourth highest amount invested in the product since it was launched in 1995, and higher than the £344m invested a year earlier, according to the Association of Investment Companies. VCTs could be set to take [...]
GW Pharma signs up Novartis to sell cannabis drug in new markets April 11, 2011 AIM-LISTED GW Pharma has agreed a deal to allow Swiss giant Novartis to market its cannabis-based medicines in new markets, to treat muscle disorders in multiple sclerosis patients. The tie-up means that Novartis will have exclusive rights to sell GW’s Sativex drug in Australia and New Zealand, plus across parts of Asia, the Middle East [...]
Rok chief takes on new job April 11, 2011 Garvis Snook, the ex-chief executive of failed housing repair firm Rok, has taken a chairmanship at new Exeter-based firm Repair-Rite (UK), documents filed at Companies House show. Snook took up the new role at the end of March, a month after Repair-Rite was incorporated and just over four months after Rok called in PwC as [...]
One New Change signs tenant April 11, 2011 City shopping centre One New Change has secured a new tenant for the office space above the development, which opened in October. SMBC Nikko Capital Markets will move into the building opposite St Paul’s Cathedral during the summer, taking the office portion of Land Securities’ project up to 73 per cent capacity. Average office rents [...]
ITV CREWS CATCH BANKERS ON CAMERA FOR NEW LEGAL DRAMA April 11, 2011 LUNCHBREAKS for the employees of Bank of New York Mellon Asset Management will never be the same again, after ITV rolled into the firm’s neighbourhood last Thursday to film its new legal drama The Jury. The ITV camera crews have been filming on location just a stone’s throw from BNY Mellon’s Queen Victoria Street HQ [...]
BHP denies Woodside talks April 11, 2011 SHARES in BHP Billiton rose to match their May 2008 record price on the Australian Securities Exchange yesterday, after the mining group completed a A$6bn (£3.7bn) share buyback and denied it was in formal talks to buy liquefied natural gas specialist Woodside Petroleum. BHP, lead by chief executive Marius Kloppers (right), jumped nearly four per [...]
BAA passenger numbers creep up as Heathrow continues to grow April 11, 2011 Heathrow owner BAA saw its March traffic rise by 0.9 per cent, buoyed by the increasing popularity of China and India as flight destinations. The group, owned by Spanish infrastructure group Ferrovial, served 8.27m passengers, compared to 8.19m last March. Heathrow accounted for the majority of its UK business, with 5.33m passengers, up 2.3 per [...]
Performance anxiety unsettles the UK’s IPOs April 11, 2011 THE waters surrounding London’s new issue market are not just choppy at present but seemingly infested by sharks. In the past couple of weeks bank advisers have been forced to pull the flotation of two strong companies, Topaz Energy, the Dubai-based oil services group, and the vacuum technology company Edwards. In both cases the decision [...]
