Business and City in Brief

GULF STATES MAKE EC OFFER

Six Gulf oil states have said they will ensure stable supplies to Europe if EC countries agree to drop their proposals for energy taxes, according to the London-based Al-Hayat newspaper. It claimed the offer was made at a joint meeting between the Gulf Co-operation Council and the EC in Brussels last month.

SMITHKLINE BRANDS

SmithKline Beecham, the pharmaceuticals group, declined to comment on weekend press reports that it was negotiating the sale of brand names such as Brylcreem, Bristows and Body Mist in a deal said to be worth up to pounds 150m.

THREAT TO JOBS

Budget proposals for the reform of tax relief on relocation expenses would make it more cost-effective for companies to make employees redundant and recruit locally than to relocate them, according to research by Black Horse Relocation Services.

JAPANESE CUT

Some 70 per cent of Japan's big companies plan to cut their recruitment of new graduates next year, according to a Japanese news agency survey.

TODAY: 7.6.93

Credit business, cyclical indicators for the UK economy.

Interims: Aberdeen Trust, Johnson & Firth Brown, Manakin Holdings, Neotronics Technology.

Finals: Acal, BAA, Critchley Group, Cullen's, EFM Income Trust, EMAP, Henderson Admin Group, Hicking Pentecost, Leigh, Powergen.

TOMORROW: 8.6.93

Interims: Burndene Investments, JA Devenish, Eurocopy, Murray Johnstone.

Finals: Allied Colloids, Andrew Sykes, Anglian Water, BSS Group, CML Microsystems, Great Portland Estates, GWR Group, Marshalls, Marston Thompson & Evershed, National Grid Company, Seton Healthcare Group, Unigate, Vodafone.

WEDNESDAY: 9.6.93

Housing starts and completions.

Interims: Blick, Daily Mail & General Trust, Greencore, Lookers, McLeod Russel Holdings, Sanderson Electronics.

Finals: Airsprung Furniture, Anglo United, Caffyns, Cape, Electrocomponents, Hambros, C E Heath, Johnson Matthey, Lep, Lyons Irish Holdings, Mansfield Brewery, Meyer International, Northern Foods, Racal Electronics.

THURSDAY: 10.6.93

Details of employment, unemployment, earnings, prices and other indicators, regional trends.

Interims: Eldridge Pope & Co, RCO Holdings, Watson & Philip. Finals: ACT, Alphameric, Blacks Leisure, Christian Salvesen, Chubb Security, Control Techniques, James Cropper, Dares Estates, Dart Group, Drummond Group, Oxford Instruments, Pilkington, Powerscreen International, Scapa Group, Scottish Hydro-Electric, Martin Shelton Group, 600 Group, Staveley Industries, Welpac.

FRIDAY: 11.6.93

Usable steel production, construction output, capital issues and redemptions.

Interims: Alvis.

Finals: AF Bulgin, A Cohen, High Gosforth Park, Osborne & Little, Somic, Ticketing Group, VTech Holdings, Wintrust.

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