Business and City in Brief
Monday 04 October 1993
The Renault-Volvo merger could result in up to 10,000 job losses in Sweden as assembly work and component contracts are switched to lower-cost sites in France and elsewhere, according to a report by British academics.
The team, led by Karel Williams of the University of Manchester and Colin Haslam from the University of East London, argues that Swedish workers are most vulnerable because of their higher wages, shorter working hours and better social benefits.
GAS BREAK-UP BACKED
Eight in ten consumers believe that abolishing British Gas's monopoly in domestic supplies would bring lower prices, according to a survey carried out by ICM for independent gas supply companies.
A slow upturn in the housing market is spreading from the South of the country, with home-owners more confident of trading up and repossessions down, according to a survey by National Westminster Bank.
Medeva, the troubled drugs group, faces a challenge over its hepatitis B vaccine, Hepa-Gene- 3, in a case that opens in the High Court today. Biogen, a US group claims Hepa-Gene-3 infringes the patent on its own hepatitis B vaccine, which is licensed to SmithKline Beecham and Merck.
NORTH WEST CONTRACT
North West Water is sharing in a pounds 285m contract to upgrade water and sewerage services in Mexico City. Later stages of the project may be worth a further pounds 100m.
UK credit business (Aug); monetary statistics - including bank and building society balance sheets, bank and building society sterling, lending and M4 quarterly sectoral analysis (Aug) and M0 figures (Sep); bill turnover statistics (Aug); sterling commercial paper (Aug); money market statistics (Aug); London sterling certificates of deposit (Aug); US construction spending (Aug).
Interims: Bilton, Bisichi Mining, BLP Group, Capital & Regional Properties, Eidos, Jove Investment Trust, London & Associated Investment Trust, North British Canadian Investment Company, QS Holdings.
UK official reserves (Sep); housing starts and completions (Aug); house renovations (Q2).
Interims: Baillie Gifford Technology, Doeflex, Fine Decor, Johnston Group, Silentnight Holdings, Walker Greenbank.
Finals: Amstrad, A Beckman, James Halstead, Raine, Barry Wehmiller.
UK Overseas travel and tourism (July); advance energy statistics (June-Aug).
Interims: Abbott Mead Vickers, Bank of Scotland, Blyvooruitzicht Gold Mining, David Brown, Durban Roodepoort Deep, East Rand Property Mines, Grampian Holdings, Harmony Gold Mining, Hewden Stuart, Kleinwort Endowment Pol, Austin Reed, Time Products.
Finals: Ex-Lands, Manchester United, Paramount.
Details of UK employment, unemployment, earnings, prices and other indicators; cyclical indicators for the UK economy (Aug - first estimate).
Interims: Abbeycrest, Anglo American Investment Trust, Beradin Holdings, Campari International, Clarke Nickolls & Coombs, Etam, Higgs & Hill, T J Hughes, Lamont Holdings, London & Overseas Freighter, MR Data Management, Padan Senang, Singapore Rubber. Finals: Burn Stewart Distillers, Galliford, Lloyds Chemists, Merivale Moore, Prestwick Holdings.
US non-farm payrolls and unemployment rate (Sep).
Interims: A Cohen & Co, Hi- Tec Sports.
Culinary experts in The Netherlands thought it was 'fresh' and 'tasty'
Of all the computers Apple has ever made there’s only one that Steve Jobs had to sell his car to finance
Actress sees off speculation about her face in an amazing way
Marvel has released first teaser trailer week early after it leaked online
The sound of Goodfellas mafioso Frankie Carbone demanding $250m in “damages” would be chilling enough on film, let alone in real life.
- 1 Nokia no more: Microsoft drops once-ubiquitous mobile name – in favour of its Lumia brand
- 2 Renee Zellweger on plastic surgery: 'I'm living a fulfilling life and I'm thrilled that perhaps it shows'
- 3 Banksy not arrested: Internet duped by fake report claiming artist's identity revealed
- 4 Australian café owner sparks debate after saying 'No' to having unruly children on premises
- 5 Paralysed man Darek Fidyka walks again after treatment by British doctors on brink of 'cure' for paralysis
Ottawa shooting: Canadian soldier dies after being shot at National War Memorial – with one gunman killed inside parliament
Renee Zellweger on plastic surgery: 'I'm living a fulfilling life and I'm thrilled that perhaps it shows'
Isis releases first video showing the stoning of woman accused of committing adultery as her father shouts 'don't call me Dad'
Banksy not arrested: Internet duped by fake report claiming artist's identity revealed
Diwali: What is the festival of lights and how is it celebrated around the world?
Cameron is warned 'no possibility' of UK reducing immigration and that bid to bring in quota on migrant workers would be illegal
Of course, teenage girls need role models – but not like beauty vlogger Zoella
Support for EU membership 'at highest level since 1991' with most Brits wanting to stay 'in'
Residents should throw a street party and mix with immigrant neighbours, councils told
Russell Brand threatened with arrest after filming outside Fox News headquarters
London bus driver 'kicks gay couple off for kissing'
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