Business and City in Brief
Tuesday 31 August 1993
The long-awaited restructuring of GPA could be completed as early as today, winning dollars 1bn worth of debt relief from its bankers and selling dollars 1.35bn worth of aircraft to the finance arm of General Electric Company of the US.
GE Capital, which will name GPA's current chairman, Tony Ryan, to head its new aviation division, will also pay dollars 200m for an option to purchase control of the troubled aircraft leasing company.
The Russian central bank has licensed Credit Lyonnais of France to deal in domestic foreign exchange transactions.
The French state may keep hold of 10-15 per cent of Elf Aquitaine and create a 'golden share' in its planned privatisation, a spokeswoman at the economy ministry said.
New York: Stocks were firm despite a bigger-than-expected second quarter trade deficit. By the close the Dow Jones Industrial average was 3.36 points higher at 3,643.99.
Tokyo: Late futures-linked buying took the Nikkei average higher, closing 121.01 better at 20,912.69.
Hong Kong: Closed (holiday).
Sydney: Active trading, with continued overseas buying, lifted the All Ordinaries 7.4 points to 1,956.
Bombay: The index dropped 35.17 points to 2,633.79.
Johannesburg: With the gold price static, the overall index eased six points to 4,011.
Paris: The CAC-40 index climbed above the 2,200 mark for the first time in thin late trade, ending 21.79 points higher at 2,205.67.
Frankfurt: The DAX index advanced 17.29 points to 1,921.89, but turnover was extremely low.
Zurich: The SPI was 1.03 points firmer at 1,568.38 after a quiet day.
Milan: US buying boosted prices near the end, with the MIB finishing 0.8 per cent better at 1,390.
London: Closed (holiday).
Monthly digest of statistics (Aug); economic trends (Aug).
Interims: Admiral, Astec BSR, Crane Europe, Ferry Pickering, HSBC Holdings, London Finance & Investment, Macfarlane Grp, Owen & Robinson, Rhino Grp, Severfield-Reeve.
Travel and tourism (June); advance energy statistics (July).
Interims: Anglo Pacific Resources, Calderburn, Courtaulds Textiles, Dixon Motors, English & Overseas Property, Henlys Grp, Instem, Invergordon Distillers, Isle of Man Steam Packet, Johnston Press, Mauritius Fund, Michael Page, Persimmon, Plantsbrook Grp, Provident Financial, Senior Engineering, Serco Grp, Simon Engineering, Waterford-Wedgwood.
Finals: Union Square.
Details of employment, unemployment, earnings, prices and other UK cyclical indicators (July); UK official reserves (Aug).
Interims: American Trust, Aran Energy, Ashley Grp, British-Borneo Petroleum, Bowater, Burford Hldgs, Burmah Castrol, Cookson Grp, Grafton Grp, Ladbroke Grp, Microvitic, Northern Eng, PCT Grp, Psion, Reckitt & Colman, Rolls- Royce, Vickers, Yorkshire Radio.
Family spending 1992; bank and building society balance sheets and sterling lending; M4 quarterly sectoral analysis and M0 figures for August; bill turnover (July); sterling commercial paper (July); money market statistics (July); London sterling certificates of deposit (July).
Interims: Latin American Investment Trust, Pittencrieff, Schroders.
Finals: Peter Black Holdings, China & Eastern Investment, Isotron, Stavert Zigomala.
- 1 Cyclist in Russia narrowly misses being hit by car and lorry
- 2 Y-40 Deep Joy: The world's deepest swimming pool
- 3 'F*ck it, I quit': KTVA reporter Charlo Greene quits live on air in spectacular fashion
- 4 Syria air strikes: President Obama undergoes Damascene conversion as Isis forces America to change tack
- 5 Pink Floyd new album: Band unveil cover art for first record in 20 years
Rihanna 'nude pictures' claims emerge on 4Chan as hacking scandal continues
Kim Kardashian 'nude photos' leaked on 4chan weeks after Jennifer Lawrence scandal
Deepika Padukone branded a 'hypocrite' by The Times Of India following anger over 'cleavage show' tweet
'F*ck it, I quit': KTVA reporter Charlo Greene quits live on air in spectacular fashion
Syria air strikes: President Obama undergoes Damascene conversion as Isis forces America to change tack
Scotland could still declare independence – even without referendum, says Alex Salmond
Scottish referendum results: Cross-party consensus collapses amid Tory-Labour spat on the 'English question'
Hilary Mantel 'should be investigated by police' over Margaret Thatcher assassination story, says Lord Bell
Plebgate MP Andrew Mitchell called officer a 'little s**t', claim court documents 'exposing ex-Chief Whip's 'record of abusing police'
Archbishop of Canterbury admits doubts about existence of God
Labour Party conference: Ed Balls to set out plan to freeze child benefit to balance books
iJobs Money & Business
£65000 Per Annum Benefits + bonus: Clearwater People Solutions Ltd: If you are...
£20000 - £25000 per annum + OTE £40,000: SThree: SThree are a global FTSE 250 ...
£20000 - £25000 per annum + OTE £40000: SThree: As a Recruitment Consultant, y...
£20000 - £25000 per annum + OTE £40,000: SThree: SThree Group have been well e...