Newspaper article The Evening Standard (London, England)

Taking Stock

Newspaper article The Evening Standard (London, England)

Taking Stock

Article excerpt

Hichens Harrison has bought 51% of commodities consultant Global TradersConsultoria Internacional for about [pounds sterling]125,000.

The City broker will issue 34,916 shares at 358p. GTC had a pre-tax profit of$79,700 ([pounds sterling]39,800) last year.

BANKING AND FINANCE

Siemens has won an order worth more than e334 million ([pounds sterling]227 million) to supplycomponents for 500 freight locomotives ordered by the Chinese railway. Siemenswill build the locos with Chinese partner CSR Zhuzhou Electric Locomotive.

ENGINEERING

Screen FX has abandoned talks with an advertising company to sell its retailmalls business. Interest is now being shown in its national advertising salesagreement tender and a new sales model.

MEDIA

Search engine Yahoo has beaten rival Google in the University of Michigan'sannual US Customer Satisfaction Index. Yahoo scored 79 points out of 100 whileGoogle notched up 78 points after a second straight yearly decline.

TECHNOLOGY

KBC Peel Hunt warns buy-to-let growth is set to slow at Paragon because ofproblems in the mortgage-backed securitisation market.

Lenders relying on security are usually first to suffer from increased supplyand less demand.

BUILDING AND PROPERTY CONSUMER

Sinclair Pharma has been asked by Johnson & Johnson to include a preservativein its Decapinol mouth rinse. This product was close to being launched in theUS but the addition of a new preservative and testing could take at least ayear.

HEALTH INDUSTRIALS

Chromex Mining chairman Brian Moritz has picked up 50,000 shares in theAIM-listed company at 22p, lifting his stake to 5.05 million, or 8%. Chromex isbuying a 15 milliontonne chrome project in South Africa for [pounds sterling]2.4 million.

NATUR AL RESOURCES RETAILING

Telefonica O2 in Slovakia is to launch its own mobile phones network.

The first 400 base stations will be functioning by September, and the operatorwill continue to use Deutsche Telekom's T-Mobile Slovensko unit's roamingnetwork.

TELECOMS TR ANSPORT

London-listed Californian company Cosentino Signature Wines has sold a numberof wineries and leased them back. …

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