Emap plc, the B2B and consumer media group, announced a joint venture agreement with Channel 4 which aims to create the UK‘s number one music TV provider. Under the terms of the agreement, Emap has agreed to sell 50% of Box Television Limited, which owns Emap’s music TV business, to Channel 4, for a cash
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A small group of members from Lobby for Cyprus successfully put an end to a property exhibition organised by UK-based Sea Terra at the Hilton hotel in Cobham, Surrey, as it would have promoted the illegal sale of stolen property in occupied northern Cyprus. Although Sea Terra is registered in Wiltshire and has offices in
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The absence or near absence of financial maintenance covenants in a bank loan agreement will probably affect ultimate recovery values should the loan default, but not to the same degree as other factors, such as the amount of debt that ranks junior to the loan, or the security on the loan, Moody’s Investors Service said
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Cyprus President Tassos Papadopoulos confirmed Monday that he will formally announce his bid for re-election later in the day. This follows the recent candidacy announced by House president and communist AKEL party leader Demetris Christofias, after which the ruling coalition collapsed with four AKEL ministers resigning. Papadopoulos quickly replaced them with unknown personalities, with the
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A political settlement in Cyprus cannot come from the Greek Cypriots without Turkey’s good will and Ankara’s willingness to achieve this objective, President Tassos Papadopoulos said Monday, commenting on the outcome of Sunday’s parliamentary elections in Turkey. He said that Nicosia as well as Athens have been monitoring developments in Turkey, not only now but
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The cost of petroleum products for the construction sector rose by 15.1% over the previous month in June, owing to rising international oil prices since January, although the overall index rose by less than 1% compared with the previous month. The overall price index of construction materials reached 139.61 (base year 2000 = 100.00) in
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CompuGroup Holding AG has announced a recommended all-cash offer to acquire the entire issued and to be issued ordinary share capital of iSOFT Group plc for 66p a share or approximately GBP 160 mln (EUR 238 mln). The CompuGroup Directors believe that the combination of CompuGroup and iSOFT will create one of the world’s leading
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Concurrent Technologies Plc, a leading specialist in the design and manufacture of high-end embedded computer products, launched its latest 6U CompactPCI single board computer, the PP 402/04x. This dual core processor uses the latest Intel technology, allowing for improved performance/Watt especially for low power processing applications within the telecoms and defence markets. The board’s enhanced
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TF1 Entreprises has acquired a 100% stake in the games publisher Dujardin, one of France‘s leaders in the distribution of board games. In 2006, Dujardin generated turnover of around €6 million. TF1 Entreprises, a company listed on Euronext Paris, has been active in the games sector since 2001 through the creation of TF1 Games. This
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Ericsson and Bharti Airtel of India have signed one of the world’s largest network expansion deals, worth an estimated USD 2 bln. The state-of-the-art network will help Airtel offer world-class and cost-effective products and services to its customers, and help it expand its reach in rural India. It is Ericsson’s largest deal to date. The
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