Stay up to date with notifications from The Independent

Notifications can be managed in browser preferences.

Taking Stock

Derek Pain
Wednesday 25 June 1997 18:02 EDT
Comments

Your support helps us to tell the story

From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.

At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.

The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.

Your support makes all the difference.

Cementone, vehicle of Laurie Lewis, founder of the Blenheim exhibitions group, is raising pounds 4.5m and could face a share suspension. It is selling its paint business and will become an unquotable cash shell unless it finds a suitable target before the deal is clinched. Mr Lewis is hunting for a leisure or media acquisition.

The paint sale raises pounds 9.5m with pounds 4.5m paid immediately and pounds 2m later; a 20 per cent stake in the buyer is valued at pounds 3m.

Petra Diamonds has signed up another extensive diamond concession in Angola. To develop its operations there it is likely to tap shareholders for up to pounds 6m. The company raised pounds 2.1m when it arrived on AIM in April. The shares rose 2.5p to 112p, a peak. They were floated at 30p.

Join our commenting forum

Join thought-provoking conversations, follow other Independent readers and see their replies

Comments

Thank you for registering

Please refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged in