Business and City In Brief

Carlsberg-Tetley to cut 300 jobs

More than 300 jobs are going at Carlsberg-Tetley, the joint brewing venture owned by Allied-Lyons and Carlsberg of Denmark. The company said the redundancies, spread across three breweries and three depots, were being made to combat the continued decline in beer sales nationally.

The brunt of the losses will fall on the Wrexham brewery, which will lose 110 staff and also cut production. Bottling will cease in Northampton, with 43 redundancies. These cuts will be made by next February, while 160 jobs will be phased out over the next three years at the Burton brewery.

Ashley departure

Laura Ashley, the ailing women's wear retailer, has lost its first UK marketing director less than a year after the post was created to boost sales in its home market. The company, which recently returned to profits after three years in the red, confirmed yesterday that Lesley Exley had resigned from the group.

Extended credit

The Government has extended its export credit insurance scheme and will now provide top-up insurance on political risks at least until 1997 instead of scrapping it at the end of next year.

BT3 deadline

ShareLink, the Birmingham stockbroker, is closing its share shop registrations for BT3 at 6pm today. Most share shops will be accepting registrations - which confer priority allocation over share office registrations - until next Friday. ShareLink: 021-233 1111.

US income bounce

Personal income in the US rose 0.6 per cent in May after a revised 0.1 per cent increase in April. It was the sixth consecutive monthly rise. May personal spending was up 0.2 per cent after a revised 1.2 per cent gain in April.

Worse for Germans

Western Germany's overall business conditions worsened in May from April, although the six- month outlook improved slightly in the manufacturing and wholesale sectors, the Ifo research institute found in its monthly survey of 4,000 companies.

ICI appointment

Imperial Chemical Industries has appointed Roger Hurn as a non- executive director of the company with effect from 1 October. He is chairman and chief executive of Smiths Industries.

Agency link-up

Gold Greenlees Trott, the advertising agency that launched a pounds 15m rights issue earlier this year, is teaming up with GGK, a private agency. The combined international network, of which GGK will own 40 per cent, will have total billings of pounds 850m.

Norwich boss quits

Ron Calver has resigned from his job as general manager for UK operations at Norwich Union, the leading life insurer. His departure is believed to follow poor first quarter sales, which have been hit by Norwich's cuts to policyholder bonuses.

Oil price forecast

The average oil price based on the basket of seven OPEC crudes will remain unchanged at about dollars 18 per barrel in 1993, a UN survey ha concluded. But the World Economic Survey tempered the 1993 prediction by saying the outlook was unclear because of uncertainities about OPEC enforcing production restraints.

World Markets

New York: Prices bounced back from steep losses the day before, pushed by lower interest rates and a stronger bond market. The Dow closed up 23.80 points at 3,490.61.

Tokyo: Thin index-linked trade lifted the Nikkei average 192.55 points to 19,685.07.

Hong Kong: Closed (holiday).

Sydney: A late rally in futures nudged the All Ordinaries higher. Down four points at one stage, it ended 0.9 to the good at 1,699.7.

Johannesburg: Gold shares improved after a sharp overnight bullion price rally, helping the overall index to add 33 points to 4,026.

Paris: The CAC-40 index began the new account in bullish mood, advancing 20.89 points to 1,963.3.

Frankfurt: Shares ended mostly weaker as investors began closing long positions. The DAX index, at 1,686.29, was 13.1 points lower.

Milan: An apparent impasse in wage talks between employers and unions depressed the market. The MIB lost 0.59 per cent to 1,179.

Istanbul: The index recorded its sixth consecutive record close, gaining 195.4 points to 11,607.5.

London: Report, page 26.

Life and Style
A teenager boy wakes up.
Life and Style
It is believed that historically rising rates of alcohol consumption have contributed to the increase
food + drink
The erotic novel Fifty Shades of Grey has already been blamed for a rise in the number of callouts to the fire brigade for people trapped in handcuffs
voicesJustine Elyot: Since Fifty Shades there's no need to be secretive about it — everyone's at it
Arts and Entertainment
Critics say Kipling showed loathing for India's primitive villagers in The Jungle Book
filmChristopher Walken, Bill Murray, Scarlett Johanssen Idris Elba, Andy Serkis, Benedict Cumberbatch, Cate Blanchett and Christian Bale
Life and Style
Playing to win: for Tanith Carey, pictured with Lily, right, and Clio, even simple games had to have an educational purpose
lifeTanith Carey explains what made her take her foot off the gas
Arts and Entertainment
The White Sails Hospital and Spa is to be built in the new Tunisia Economic City.
architectureRussian billionaire designs boat-shaped hospital for new Dubai-style Tunisia Economic City
Arts and Entertainment
You could be in the Glastonbury crowd next summer if you follow our tips for bagging tickets this week
Husain Abdullah returns an interception off Tom Brady for a touchdown
nflLeague has rules against 'sliding to ground on knees'
Life and Style
ebooksAn unforgettable anthology of contemporary reportage
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

Trust Accountant - Kent

NEGOTIABLE: Austen Lloyd: TRUST ACCOUNTANT - KENTIf you are a Chartered Accou...

Graduate Recruitment Consultant - 2013/14 Grads - No Exp Needed

£18000 - £20000 per annum + OTE £30000: SThree: SThree are a global FTSE 250 b...

Law Costs

Highly Competitive Salary: Austen Lloyd: CITY - Law Costs Draftsperson - NICHE...

SQL Developer (Stored Procedures) - Hertfordshire/Middlesex

£300 - £330 per day: Ashdown Group: SQL Developer (Stored Procedures) Watford...

Day In a Page

Isis is an hour from Baghdad, the Iraq army has little chance against it, and air strikes won't help

Isis an hour away from Baghdad -

and with no sign of Iraq army being able to make a successful counter-attack
Turner Prize 2014 is frustratingly timid

Turner Prize 2014 is frustratingly timid

The exhibition nods to rich and potentially brilliant ideas, but steps back
Last chance to see: Half the world’s animals have disappeared over the last 40 years

Last chance to see...

The Earth’s animal wildlife population has halved in 40 years
So here's why teenagers are always grumpy - and it's not what you think

Truth behind teens' grumpiness

Early school hours mess with their biological clocks
Why can no one stop hackers putting celebrities' private photos online?

Hacked photos: the third wave

Why can no one stop hackers putting celebrities' private photos online?
Royal Ballet star dubbed 'Charlize Theron in pointe shoes' takes on Manon

Homegrown ballerina is on the rise

Royal Ballet star Melissa Hamilton is about to tackle the role of Manon
Education, eduction, education? Our growing fascination with what really goes on in school

Education, education, education

TV documentaries filmed in classrooms are now a genre in their own right
It’s reasonable to negotiate with the likes of Isis, so why don’t we do it and save lives?

It’s perfectly reasonable to negotiate with villains like Isis

So why don’t we do it and save some lives?
This man just ran a marathon in under 2 hours 3 minutes. Is a 2-hour race in sight?

Is a sub-2-hour race now within sight?

Dennis Kimetto breaks marathon record
We shall not be moved, say Stratford's single parents fighting eviction

Inside the E15 'occupation'

We shall not be moved, say Stratford single parents
Air strikes alone will fail to stop Isis

Air strikes alone will fail to stop Isis

Talks between all touched by the crisis in Syria and Iraq can achieve as much as the Tornadoes, says Patrick Cockburn
Nadhim Zahawi: From a refugee on welfare to the heart of No 10

Nadhim Zahawi: From a refugee on welfare to the heart of No 10

The Tory MP speaks for the first time about the devastating effect of his father's bankruptcy
Witches: A history of misogyny

Witches: A history of misogyny

The sexist abuse that haunts modern life is nothing new: women have been 'trolled' in art for 500 years
Shona Rhimes interview: Meet the most powerful woman in US television

Meet the most powerful woman in US television

Writer and producer of shows like Grey's Anatomy, Shonda Rhimes now has her own evening of primetime TV – but she’s taking it in her stride
'Before They Pass Away': Endangered communities photographed 'like Kate Moss'

Endangered communities photographed 'like Kate Moss'

Jimmy Nelson travelled the world to photograph 35 threatened tribes in an unashamedly glamorous style