Phoenix Venture Holdings Phoenix Venture Holdings Phoenix Venture Holdings (PVH), also known as the Phoenix Consortium, was a British company formed by four businessmen (John Towers, Peter Beale, Nick Stephenson and John Edwards). Following BMW's break-up of the Rover Group a financially complex deal involving a £500 million "dowry payment" from BMW, resulted in PVH purchasing the Rover marque in May 2000 for the notional sum of £10, relaunching the car company as MG Rover. MG Rover and related companies placed themselves in administration on 8 April 2005. Four years later and after spending £16m the Government finally released the report investigating the
Highland Towers collapse Highland Towers collapse The Highland Towers collapse was an apartment building collapse that occurred as a result of a major landslide on 11 December 1993 in Taman Hillview, Ulu Klang, in Selangor, Malaysia. The collapse involved Block 1 of the Highland Towers, resulting in the deaths of 48 people and led to the complete evacuation of the remaining two blocks due to safety concerns. The Highland Towers consist of three similar 13-story blocks, built in phases between 1974 and 1982 at the western base of a steeply sloped hill which was later terraced extensively in the early 1980s. These towers