Act invests in London Court

Ø 1) Study the heading and the given words and guess what this article is about.

to expand – расширять to increase – увеличивать investment – инвестиция profit – прибыль

to raise – поднимать subsidiary – дочерняя компания turnover – оборот (капитала) venture capital – капитал, вложенный с риском

Ø 2) Translate the article into Russian.

Venture capital company Leeds Capital Textile (LCT) has invested £6.2 m in the textile rentals company London Court. This follows on from a 2002 investment by Allied Irish Bank (AIB) Capital Markets, through its old venture capital subsidiary.

Those investments are now managed by LCT. The London Court Group increased turnover to £23 m last year and raised profits to £611.000. They have plans to expand their operation through a £5 m investment, which will add 80 new jobs.

PRINCESS ATTRACTS INTEREST of ARCON

Ø 1) Study the heading and the words below and guess what the article is about.

chief executive – генеральный директор to entitle smb. to smth. – дать право кому-либо на что-либо to grant a warrant – дать полномочия

mining – горная промышленность shares – акции stock exchange – фондовая биржа to subscribe for debenture – подписаться на акции

Ø 2) Translate he article into Russian and answer the questions:

a) What are Arcon International and Princess Resources?

b) What does Arcon International going to do?

c) In case it is performed, what will the “strategic investment” mean for Arcon International?

Arcon International has said it intends to subscribe for a $4.5 million debenture in the Canadian exploration company, Princess Resources, which is listed on the Vancouver stock exchange.

In addition, Arcon has been granted a warrant entitling it to purchase 41.4 million shares in Princess. If the company decides to convert the debenture and exercise the warrant, it will own 49 per cent of Princess.

The debenture permits Arcon to subscribe for a minimum of $3 million or up to a maximum of $4.5 million.

The company describes the move as a “strategic investment” giving Arcon a minimal cost entrance into established mining districts in China, Tanzania and Zambia.

“Princess has identified and proved significant potential for gold, silver, lead, zink, copper and diamond mineralization within its exploration licenses in China, Tanzania and Zambia,” said Arcon chief executive, Mr. Tony O’Reilly Junior last night.

Ø 3) Read the article paying special attention to names of the countries and figures.

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