Business and City in Brief

Tyne Tees axe falls on 188 more jobs

Yorkshire-Tyne Tees Television, the Channel 3 broadcaster, has cut another 188 jobs to bring to 380 the number of staff made redundant since the merger of the two companies a year ago.

The axe is falling on 91 airtime sales staff who had expected to lose their jobs when the sales contract was given to LWT recently, as well as 51 employees at Leeds and 46 in Newcastle. The staff of Tyne Tees will have dwindled from 375 to fewer than 220 since the merger.

German orders up

Western German industrial orders rose a provisional 4 per cent in May from April but were down 8.1 per cent on a year ago. In April industrial orders were 1 per cent higher than March but down 11.7 per cent from a year earlier.

Heron go-ahead

Heron has won the final go-ahead from creditors at a meeting in the Netherlands Antilles for its pounds 1.4bn restructuring plan.

Jaguar production soars

Jaguar, the luxury car maker, said production rose 46 per cent in the first half compared with the same period last year. Half-year output at Coventry improved from 10,227 to 14,951 units, with sales in Germany and the US up a fifth.

China's deficit doubles

Soaring imports pushed China's trade deficit for the first half of 1993 to dollars 3.54bn, more than doubling the trade gap in two months. Imports surged to dollars 40.69bn, up 23.4 per cent compared with the same period in 1992, while exports grew 4.4 per cent to dollars 37.15bn.

Bull to shed 6,500

Groupe Bull, the state-controlled French computer maker, will shed 6,500 jobs worldwide by the end of next year in the wake of an dollars 874m loss in 1992. The group has lost nearly dollars 3bn in three years.

Russell expected at 3i

Sir George Russell, chairman of the Independent Television Commission, is expected to be confirmed soon as the next chairman of 3i, the venture capital group.

Kerry heads for LSE

Kerry Group, the Irish food firm, has applied for a listing on the London Stock Exchange and expects dealing in its 'A' ordinary shares to start on Thursday.

Italy cuts rates

The Bank of Italy cuts its discount rate from 10 to 9 per cent today, the lowest since February 1976.

E&Y audit passed

Ernst & Young will not face regulatory action over its audit of Edencorp Leisure and its predecessor firms' audits of Sound Diffusion, Milbury and Rotaprint, the Institute of Chartered Accountants' audit registration committee said.

Unipart value leaps

Unipart, the car parts group sold to its management and employees six years ago, said its share value had increased more than 50 per cent to pounds 9.80 compared with pounds 6.50 when last valued in May 1992. The shares were priced at 5p in 1987.

World Markets

New York: Closed (holiday).

Tokyo: The thinnest trading for four months saw the Nikkei average edge up 1.6 points to 19,623.06.

Hong Kong: Concern over China's growing economic problems wiped out early gains and sent the Hang Seng index down 12.52 to 7,205.41.

Sydney: Gold issues were one of the few areas of strength as the All Ordinaries index, depressed by Wall Street's poor performance, gave up three points to 1,756.9.

Johannesburg: Shares ended higher on the back of a steady gold price. The overall index added 26 points to close at 4,701.

Paris: Pessimism over interest rate prospects pulled the market down, and the CAC-40 index retreated 15.71 points to 1,925.44.

Frankfurt: Lack of buying interest after last week's interest rate cuts lowered the DAX 5.64 to 1,692.17.

Zurich: Consolidating recent gains, the Swiss Performance Index eased 1.96 points to 1,489.39.

Milan: Blue chips gained after the long-awaited national labour deal was clinched at the weekend. The MIB gained 0.42 per cent to 1,193.

London: Report, page 26.

Denny Miller in 1959 remake of Tarzan, the Ape Man
Arts and Entertainment
Cheryl despairs during the arena auditions
tvX Factor review: Drama as Cheryl and Simon spar over girl band

Piers Morgan tells Scots they might not have to suffer living on the same island as him if they vote ‘No’ to Scottish Independence
i100Exclusive interview with the British analyst who helped expose Bashar al-Assad's use of Sarin gas
Angel Di Maria celebrates his first goal for Manchester United against QPR
Football4-0 victory is team's first win under new manager Louis van Gaal
Arts and Entertainment
newsIn short, yes
Arts and Entertainment
Rob James-Collier, who plays under-butler Thomas Barrow, admitted to suffering sleepless nights over the Series 5 script
tv'Thomas comes right up to the abyss', says the actor
Arts and Entertainment
Calvin Harris claimed the top spot in this week's single charts
BoxingVideo: The incident happened in the very same ring as Tyson-Holyfield II 17 years ago
Groundskeeper Willie has backed Scottish independence in a new video
Arts and Entertainment
The Doctor poses the question of whether we are every truly alone in 'Listen'
tvReview: Possibly Steven Moffat's most terrifying episode to date
ebooksAn unforgettable anthology of contemporary reportage
Life and Style
Cara Delevigne at the TopShop Unique show during London Fashion Week
The life-sized tribute to Amy Winehouse was designed by Scott Eaton and was erected at the Stables Market in Camden
peopleBut quite what the singer would have made of her new statue...
England's Andy Sullivan poses with his trophy and an astronaut after winning a trip to space
peopleThe actress has agreed to host the Met Gala Ball - but not until 2015
Latest stories from i100
Have you tried new the Independent Digital Edition apps?
Independent Dating

By clicking 'Search' you
are agreeing to our
Terms of Use.

iJobs Job Widget
iJobs Money & Business

SQL Developer - Watford/NW London - £280 - £320 p/d - 6 months

£280 - £320 per day: Ashdown Group: The Ashdown Group have been engaged by a l...

Senior BA - Insurance **URGENT**

£400 - £450 Per Day: Clearwater People Solutions Ltd: **URGENT CONTRACT ROLE**...

Training Coordinator / Resource Planner - City, London

£35000 - £38000 per annum + Benefits: Ashdown Group: Training Coordinator / Pl...

Data Governance Manager (Solvency II) – Contract – Up to £450 daily rate, 6 month (may go Permanent)

£400 - £450 Per Day: Clearwater People Solutions Ltd: We are currently looking...

Day In a Page

These Iranian-controlled Shia militias used to specialise in killing American soldiers. Now they are fighting Isis, backed up by US airstrikes

Widespread fear of Isis is producing strange bedfellows

Iranian-controlled Shia militias that used to kill American soldiers are now fighting Isis, helped by US airstrikes
Topshop goes part Athena poster, part last spring Prada

Topshop goes part Athena poster, part last spring Prada

Shoppers don't come to Topshop for the unique
How to make a Lego masterpiece

How to make a Lego masterpiece

Toy breaks out of the nursery and heads for the gallery
Meet the ‘Endies’ – city dwellers who are too poor to have fun

Meet the ‘Endies’ – city dwellers who are too poor to have fun

Urbanites are cursed with an acronym pointing to Employed but No Disposable Income or Savings
Paisley’s decision to make peace with IRA enemies might remind the Arabs of Sadat

Ian Paisley’s decision to make peace with his IRA enemies

His Save Ulster from Sodomy campaign would surely have been supported by many a Sunni imam
'She was a singer, a superstar, an addict, but to me, her mother, she is simply Amy'

'She was a singer, a superstar, an addict, but to me, her mother, she is simply Amy'

Exclusive extract from Janis Winehouse's poignant new memoir
Is this the role to win Cumberbatch an Oscar?

Is this the role to win Cumberbatch an Oscar?

The Imitation Game, film review
England and Roy Hodgson take a joint step towards redemption in Basel

England and Hodgson take a joint step towards redemption

Welbeck double puts England on the road to Euro 2016
Relatives fight over Vivian Maier’s rare photos

Relatives fight over Vivian Maier’s rare photos

Pictures removed from public view as courts decide ownership
‘Fashion has to be fun. It’s a big business, not a cure for cancer’

‘Fashion has to be fun. It’s a big business, not a cure for cancer’

Donatella Versace at New York Fashion Week
The fall of Rome? Cash-strapped Italy accused of selling its soul to the highest bidder

The fall of Rome?

Italy's fears that corporate-sponsored restoration projects will lead to the Disneyfication of its cultural heritage
Glasgow girl made good

Glasgow girl made good

Kelly Macdonald was a waitress when she made Trainspotting. Now she’s taking Manhattan
Sequins ahoy as Strictly Come Dancing takes to the floor once more

Sequins ahoy as Strictly takes to the floor once more

Judy Murray, Frankie Bridge and co paired with dance partners
Wearable trainers and other sporty looks

Wearable trainers and other sporty looks

Alexander Wang pumps it up at New York Fashion Week
The landscape of my imagination

The landscape of my imagination

Author Kate Mosse on the place that taught her to tell stories