Business and City in Brief

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The Monopolies and Mergers Commission is to conduct an investigation into the pricing of compact discs, records and cassettes.

The Office of Fair Trading is set to announce a referral of the music business to the MMC on Thursday, just before the Commons National Heritage Select Committee publishes a report on CD pricing.


Phonelink, an information retrieval software company, is set to float on the Unlisted Securities Market within the next two months. The listing, sponsored by Allied Provincial Securities, is expected to value the company at pounds 40m.


The management at Swan National, Britain's third-biggest car rental company, is set to buy the business from its parent, TSB, in a deal understood to be worth more than pounds 100m.

TODAY: 10.5.93

April producer prices, March credit business.

Interims: API Group, Sidlaw.

Finals: Donelon Tyson, Lex Service, New market Venture Capital, Parkland Textile, Prowting, Severfield-Reeve, Sketchley, Walker (JO) & Co.

TOMORROW: 11.5.93

EC central bankers meet in Basle.

Interims: Avon Rubber, Holmes and Marchant, Huntingdon International, Johnson Cleaners, Vaux Group.

Finals: Contra-Cyclical Invest Tst.

AGMS: United Newspapers

WEDNESDAY: 12.5.93

EC Monetary Committee holds two-day review of final draft of ERM report.

Interims: Greenalls Group, Jessups, Scottish Value Trust, Tomkinsons.

Finals: Body Shop, Fine Arts Development, REA Holdings, Sainsbury, Time Products.

THURSDAY: 13.5.93

US consumer prices and retail sales for April.

Interims: Grand Metropolitan, Royal Dutch Petroleum, Shell Transport and Trading.

Finals: British Telecom, Finlay (James), I&S Smaller Companies Tst, Personal Assets Trust, Warner Howard.

FRIDAY: 14.5.93

US industrial production and capacity utilisation for April.

Interims: Morgan Grenfell Eq. Inc. Tst, Northern Ind. Improvement Tst, Overseas Investment Trust, PWS Holdings, Tadpole Technology, Unilever.

Finals: British and American Film.

AGMS: Pearson, Burmah Castrol.