Business and City in Brief
Monday 25 July 1994
lowest point The German interest rate cycle will soon have reached its lowest point and any further rate cut will be small, the chairman of Germany's council of economic experts, or five wise men, forecast.
'It is thoroughly possible that we will have another small interest rate cut during the winter,' the council's chairman, Herbert Hax, said. 'But I have the impression that we will soon have come to the end of the interest rate cuts.'
China said it had completed all but the final 500 kilometres of a 21,000-kilometre fibre-optic cable communications link to Europe. The project will boost digital communications between China and Europe. About a third of the cable lies within China, with the rest traversing countries including Kazakhstan, Iran, Ukraine and Austria before terminating in Germany.
Roger Wallwork, former finance director of Hollas, the clothing group, received no compensation for loss of office, contrary to the impression conveyed last Thursday. The sum of pounds 280,000 was paid to Tony Lawson, who lost his job as chief executive, but remains as non-executive chairman.
Interims: Bullough, Clinical Computing, Greggs, Harry Ramsden's, St Andrew Tst.
Finals: Abtrust Scotland Investment Tst, Marling Industries, Merrydown Cider.
CBI industrial trends survey for July.
Interims: Allied Textile Companies, Continental Assets, European Assets Tst, Gartmore British Income & Growth, HJ Joel Gold, M&G Dual Tst, Randfontein Estates, Rights & Issues Investment Tst, Shandwick, Temple Bar Investment Tst, Western Areas Gold.
Finals: Consolidated Murchison, Dalepak Foods, Fleming Emerging Mkts, Geared Income Investment Tst, Gibbs Mew, Misys, Murray Smaller Mkts Tst, Stagecoach Hldg.
Second-quarter bricks and cement production and deliveries, second-quarter mortgage repossessions, first-half mortgage arrears and possessions.
Interims: BAT Industries, BT, Lex Service, Lloyds Abbey Life, Millgate, Murray Split Capital Tst, Reuters Hldg, Scottish National Tst, Spargo Consulting, Specialeyes, Standard Platform, Thornton Asian Emerging Markets Investment Tst.
Finals: Abtrust Preferred Income, Birkdale Gp, J&J Dyson, Fleming Emerging Markets, Govett Emerging Markets, MITIE Gp, Pex, Rubicon Gp, Shield Gp, Verson International.
May energy trends; digest of UK energy statistics for 1993; major British banking groups' mortgage lending for June; new vehicle registrations for June.
Interims: Admiral, Ayrshire Metal Prods, Blagg, Chieftain Gp, Contra-Cyclical Investment Tst, Danka Business Systems, Derby Tst, Fleming Fledgeling, Green Property, ICI, John I Jacobs, Motor World, Premier Health, Sphere Investment Tst, Witan Investment Tst.
Finals: Sidney C Banks, Govett American Smaller, Jersey Phoenix Tst, Prior, Radiant Metal Finishing, Unitech.
July economic trends; monthly digest of statistics for July.
Interims: African Lakes Corporation, BAA, Lloyds Bank.
Finals: Andrews Sykes, Electric & General Investment Tst, Flagstone Hldg, John Lusty Gp, Radiant Metal Finishing.
- 1 Saudi Arabia mosque bombing: Two volunteer security guards hailed as heroes for stopping Isis suicide bomber reaching worshippers
- 2 Maisie Williams has an excellent message for one confused fan
- 3 Puerto Rico, island of lost dreams: People are leaving the debt-hit territory in droves as near neighbour Cuba's star rises
- 4 Tampon tax scrapped in Canada after petition convinces conservative government
- 5 Kate Moss on the naked Calvin Klein shoot and the obsession that ended her relationship
Saudi Arabia mosque bombing: Two volunteer security guards hailed as heroes for stopping Isis suicide bomber reaching worshippers
Maisie Williams has an excellent message for one confused fan
Archaeologists discover 2,400-year-old gold bongs in Russia
Tampon tax scrapped in Canada after petition convinces conservative government
Migrants in Kos: Photos show real tragedy after British tourists complain of 'awkward' holidays
EU referendum: David Cameron's rules are a 'democratic disgrace', says French-born Scottish politician set to be denied a vote
British tourists complain that impoverished boat migrants are making holidays 'awkward' in Kos
A nation of inequality: How the UK is failing to feed its most vulnerable people
Australian man punched in the face for defending Muslim women from abuse on train
David Starkey 'tells Amal Clooney to shut up and stop over-promoting human rights'
EU referendum: David Cameron to deny EU migrants and under-18s the chance to vote
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