Zimbabwe: 16 business leaders arrested

Harare / ZW. (wib) Police arrested 16 more business leaders in a crackdown on those suspected of violating the government´s order to slash prices by 50 percent, the official media reported this days. The mandated price cuts are a desperate attempt to confront inflation that has spun out of control during Zimbabwe´s economic crisis.

Pret A Manger: aiming for IPO

London / UK. (wib) Sandwich chain Pret a Manger Limited plans to appoint bankers this autumn for a 500 to 700 million GBP initial public offering (IPO), The British Sunday Express reports citing an unnamed source. The paper added that Pret advisor NM Rothschild has told private equity firms that the chain could also be sold.