Kvaerner ousts chief as debt pile grows

Article Abstract:

Anglo-Norwegian engineering and shipbuilding concern Kvaerner has dismissed Chief Executive Erik Tonseth following his failure to reduce the company's 1 billion pounds sterling debt quickly enough and a 75% fall in the share price. Tonseth was responsible for a wide-reaching expansion scheme, but this approach began to encounter difficulties as a number of businesses weakened. Kvaerner is now planning to sell non-core businesses, including US housebuilding division Trafalgar House Residential.

Engineering Services, Ship Building and Repairing, Shipbuilding & Repair, Finance, Engineering firms, Appointments, resignations and dismissals, Shipbuilding industry, Kvaerner ASA, Tonseth, Erik

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Jean Spencer

Article Abstract:

Artist and educator Jean Spencer developed a strong commitment to abstract constructive art while studying on a teacher training course in art at Bath Academy of Art in the early 1960s. She taught at Bulmershe College of Higher Education in Reading, England, between 1968 and 1988, and then became Tutor to Students and Secretary to the School at the Slade School of Fine Art. She held strong egalitarian views, and this led her towards feminism and support for other women artists.

Obituary, Women artists, Spencer, Jean Mary

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Inventors seek their maker

Article Abstract:

Inventalink is a bridge between inventors and the commercial world which takes on 100-150 of the 2,000 inventors it sees a year. It takes 35% of any income for a fee of 1,000 pounds sterling. All sorts of people invent thousands of things every year, but it may cost up to 25,000 pounds sterling for worldwide patent protection. Few inventions become prototypes and British manufacturers are reluctant to pursue new ideas.

United Kingdom, Inventions, Licensing agreements, Intellectual property, Patents, Inventalink

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