Monthly Archives: March 2000

Archives March 31, 2000 posted by

Takeover speculation fuels market rise

SMALL cap shares were in focus on the stock market yesterday, with interest on K&G Complex – widely speculated to be the target of a takeover bid — spiking demand in the stock, which ended the day with a staggering 5.2 million shares changing hands.

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Archives March 31, 2000 posted by

Universal Life buys IMC

THE UNIVERSAL Life insurance firm has bought up the International Merchandising Centre (IMC) building outside Nicosia for a reported £15 million.

The deal will not affect the Stock Market’s relocation to the massive IMC building or the rental terms agreed for the move.

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Archives March 31, 2000 posted by

Bank robbery suspect surrenders to police

A MAN still wanted by police in connection with Wednesday’s armed raid on a Limassol bank yesterday gave himself in.

The surrender came just hours after another three suspects had been remanded in custody for eight days in connection with the robbery. A fourth suspect, arrested on Wednesday, was released yesterday.

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Archives March 31, 2000 posted by

Minister orders mobile security force for schools

IN THE wake of assaults on teachers and arson attacks at local secondary schools, the Education Ministry is proposing to set up a mobile security force to police schools.

Education Minister Ouranios Ioannides said this rapid reaction force would be manned by private security men and alerted by alarm systems in all schools.

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