Business and City in Brief

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ASH award for Co-op

The Co-operative Bank has won an award from Action on Smoking and Health (ASH) and the British Heart Foundation for its policy of not providing financial services to tobacco manufacturers. The Co-op started an ethical lending campaign last year promising customers it would not do business with organisations involved in activities such as blood sports, tobacco production and factory farming.

Arrows debt agreement

Muhammed Naviede, the Manchester businessman whose trade finance company Arrows collapsed with debts of pounds 220m two years ago, has reached an arrangement with his bankers on debts totalling more than pounds 100m.

Luxury listing

Cliveden, the Michelin-rated luxury hotel and country club group based on the former estate of the Astor family, is obtaining a stock market listing through a reverse takeover of Ifico, a pounds 5.1m cash shell. Some 70 per cent of the equity in the new company, Cliveden plc, will be held by the founders, John Lewis and John Tham.


Producer prices (June provisional).

Interims: Low & Bonar, Merchants Trust (Q1 div).

Finals: Border TV, Daejan Hldgs, Dalepak Foods, Ellis & Everard, Ensor Hldgs, MFI Furniture Grp, John Menzies, Optometrics Corp, Reject Shop, Tomkins.


Industrial production (May); US producer prices index (June).

Finals: Birse Group, Colorvision, Cray Electronics, Electron House, Heiton Holdings, Jacques Vert, Real Time Control, Savills, Triplex Lloyd, Wyko Group.


Retail price index (June); US retail sales (June); consumer price index (June).

Interims: BWD Securities, Leslie Wise Group, M&G Dual Trust, Olim Convertible Trust.

Finals: Adam & Harvey Group, Armitage Brothers, Batleys, HP Bulmer Holdings, Nobo Group, Prism Leisure, Scantronic Holdings, Stanley Leisure, Tiphook.


Unemployment (June); average earnings (May); unit wage costs (May).

Interims: Aberforth Smaller Co Trust, Fleming Fledgeling Inv, General Consolidated Inv Trust, Rank Organisation.

Finals: Druck Hldgs, Great Universal Stores, Hampson Industries, Jones Stroud (Hldgs), Jurys Hotel Grp, Moorgate Inv Trust, Verson Intl, Welsh Water, John D Wood.


PSBR (June); US industrial production (June).

Interims: Alexander Holdings, Greenfriar Inv Co.

Finals: Multitone Electronics.