Business and City in Brief
Wednesday 14 October 1992
bond threat A holder of a small number of Heron International's Swiss bonds has started legal action to get his money back. But Heron denied the move was a threat to talks on restructuring its pounds 1bn debt which, it said, were proceeding well.
Banking sources said detailed proposals on the restructuring were expected to be presented to the banks by Heron on Tuesday.
Oftel, the telecommnications watchdog, has announced an investigation into the Cellnet and Vodafone networks to give 'an independent measure of performance from the customer's point of view'. Results will be published quarterly.
Rail link backed
Bankers to Olympia & York's troubled Canary Wharf complex said they were open to all options on funding a planned Underground rail link to rescue the project.
Emap has been given the go- ahead to buy the Northampton Mercury Company from United Newspapers in an exchange of titles worth pounds 11.35m. United Newspapers will acquire Emap's South West Wales Newspapers business.
James Ogilvy has replaced Oliver Dawson as chairman of Hypo Foreign & Colonial Management (Holdings). Michael Hart takes over from Mr Dawson as chairman of F&C Management. Mr Dawson remains as the group's chief investment officer.
A survey for Inland Revenue by Research International has shown that 65 per cent of taxpayers are satisfied, and 10 per cent dissatisfied, with the overall service.
CBI energy call
The Confederation of British Industry says a Brussels plan for an energy/carbon tax will delay action to curb global warming and has urged the Government to step up energy- saving.
European steel makers, hit by low demand and weak prices, have called for EC intervention to save 50,000 jobs. They want new limits on Eastern European imports and a Community plan to cut excess capacity.
New US housing completions fell 7.3 per cent in August to a seasonally adjusted annual rate of 1.132 million units.
The European Community is to start legal action against Italy for giving preferential tax breaks to local trucking firms.
New York: Although profit- taking trimmed the advance the Dow Jones Average was showing a 27.01 points gain to 3,201.42 by the close.
Brussels: The BEL 20 index was up 7.30 points at 1,099.84.
Frankfurt: The DAX index rose 32.96 to 1,465.50.
Madrid: The general index fell 1.23 points to 192.68.
Milan: A general strike added to caution. The MIB index fell 5 points, 0.64 per cent, to 778.
Zurich: The Swiss Market Index rose 12 points to 1,893.5.
Johannesburg: The all-share index ended 21 points down at 3,002. The gold index bounced off a seven-year 797 low to close 11 points off at 806.
Hong Kong: The Hang Seng index rose 30.53 to 5,756.10.
Paris: The CAC-40 index gained 30.04 points to 1,685.09.
Sydney: The All Ordinaries index fell 6.1 points to 1,456.9.
Tokyo: Renewed speculation of a cut in interest rates helped push the Nikkei 225 index up 188.66 points to 17,490.67.
London: Report, page 25.
Sales of the tablet are set to fall again, say analysts
Met Police confirm there was a 'minor disturbance' and that no-one was arrested
George Lucas criticises the major Hollywood film studios
Does Chris Grayling realise what a vague concept he is dealing with?
Trend which requires crisps, a fork and a strong stomach is sweeping Mexico's streets
Parties threaten resort's image as a family destination
I Am Bread could actually be a challenging and nuanced title
- 1 Jack the Ripper: Scientist who claims to have identified notorious killer has 'made serious DNA error'
- 2 Banksy arrest hoax: Internet duped by fake report claiming that the street artist's identity has been revealed
- 3 Are you ready for Crazy Doritos, the red-hot snack food craze sweeping Mexico’s streets?
- 4 Drink alcohol and eat meat to improve male fertility - but cut down on coffee, studies suggest
- 5 Brian Harvey turns up at Downing Street and 'demands to speak to Prime Minister'
Isis in Kobani: US resupplies Kurdish fighters by plane - then Turkey allows reinforcements through its border
Jack the Ripper: Scientist who claims to have identified notorious killer has 'made serious DNA error'
Banksy arrest hoax: Internet duped by fake report claiming that the street artist's identity has been revealed
Super-sized ships arrive in Britain: How big can they get?
Brian Harvey turns up at Downing Street and 'demands to speak to Prime Minister'
Cameron is warned 'no possibility' of UK reducing immigration and that bid to bring in quota on migrant workers would be illegal
Residents should throw a street party and mix with immigrant neighbours, councils told
London bus driver 'kicks gay couple off for kissing'
Russell Brand threatened with arrest after filming outside Fox News headquarters
Amal Alamuddin calls for the return of the Elgin Marbles from Britain: 'Injustice has persisted for too long'
Lord Freud: Tory welfare minister apologises after saying disabled people are 'not worth’ the minimum wage
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