Still some way to go

Article Abstract:

Chesterton has suffered a number of problems since it was floated in 1994, such as accounting errors, the loss of a chief executive, and profit warnings. The company's latest warning was followed by a drop in its stock price of 40% to 0.31 pounds sterling. The company brought in Michael Holmes, an outsider, to be chief executive in April 1997, and he is reviewing Chesterton's activities. He has also halted an acquisitions program which had created problems. The company's performance could improve, and some of its activities look interesting.

Chesterton International PLC

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From property tycoon to jailbird - and back again

Article Abstract:

Control Securities was built up as a real estate empire by Nazmy Virani, but it was raided in 1991 by the Serious Fraud Office and a general real estate price collapse followed. Virani was jailed in relation to the Bank of Credit and Commerce collapse, and was released and has set up another real estate venture, Cygnet Properties. Cygnet's chairman is Maldwyn Thomas, previously chairman of Rank Xerox. Virani has backing from his bank, Barclays, and is considering expansion into Germany or Spain.

Cygnet Properties

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Wiring real bricks and mortar

Article Abstract:

The "bricks and mortar" real estate industry is trying to keep up with its clients' increasing demands for telecommunication installations.

United States, Usage, Equipment and supplies, Telecommunications systems, Buildings, Telecommunication systems

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