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Polymetal puts $0.5m into new joint venture

Polymetal announced an initial investment of $0.5m in exchange for a 35% stake in a joint venture with a junior on Tuesday, holding an exploration license for the Pekinskaya area of Russia’s Taimyr Peninsula, which adjoins the existing Taimyr joint venture. The FTSE 100 company said it may acquire up …

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Debenhams to be wound down as JD Sports ends rescue talks

It was a grim day for the UK retail sector as beleaguered department store chain Debenhams was set to be liquidated following failed rescue talks with JD Sports, just hours after Philip Green’s Arcadia retail group went into administration. Debenhams said on Tuesday that it will continue to trade through …

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Demolition work set to start on Royal Mail site

WORKS on demolishing the former Royal Mail sorting office in Stretford is due to start in the next few weeks. The Council has selected Amey as the contractor to knock down the 6,400sq ft building on Lacy Street as part of a wide-ranging masterplan to redevelop Stretford town centre. The …

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