Business and City Summary

Israeli bankers go to jail

An Israeli court yesterday sent former top banking officials to jail for a 1983 share scandal that shook the country and cost the government dollars 9bn.

Jerusalem District Court Judge Miriam Naor imposed sentences of up to eight months on the former heads of Israel's top banks, found guilty in February of fraud in the country's biggest financial scandal. The bankers, eager to profit on a flood of money they saw depositors enjoying in the early 1980s, were accused of promoting their own banks' shares and propping the prices up artificially.

London attractions

London is currently the most attractive European city for hotel investment, according to a survey from Pannell Kerr Forster, Salomon Brothers and Jones Lang Wootton. Favourable exchange rates, low interest rates and property values all favour London, at the expense of recession-hit cities in Germany and Eastern Europe.

Park's process

Park Food Group, the UK's leading supplier of Christmas hampers, is investing pounds 4m in a new high-technology food process for which it is the sole UK licensee. Park will build a new plant for the process next to its head office in Birkenhead. The company said progress at Handling Solutions, the promotions management company it bought for pounds 9.3m in December 1993, was 'up to the board's best expectations'.

TODAY 11.4.94

Interims: Orb Estates

Finals: Alpha Airports Group, Bilton, Burmah Castrol, Dinkie Heel, London & Manchester, QS Holdings, Wakebourne

AGMs: Fyffes, Henlys, Harry Ramsden's, Regina, TR Pacific Inv Trust, Thornton Pan Euro Inv

EGMs: John Mowlem, NM Smaller Australian, Shandwick

Economic statistics: Credit business (Feb).

TOMORROW 12.4.94

Interims: Five Oaks Invs

Finals: Blockleys, Bostrom, Dewhirst, Dolphin Packaging, Erith, FR, Hungarian Inv. Co, Lopex, Scottish Television, Tesco, Walker Greenbank, Yule Catto

AGMs: BICC, Capita Grp, Dolphin Packaging, F&C Enterprise Trust, Gartmore, Grafton, Heywood Williams, Metal Bulletin, Reuters, Yorkshire-Tyne Tees

EGMs: Claremont Garments, Dale Electric, Grafton, Reuters.


Interims: Aberforth Split Level Trust (3rd interim div), Barry Wehmiller Int, Smiths Inds

Finals: Laura Ashley, New City & Commercial Inv Trust, Nurdin & Peacock, RMC, Savoy Hotels

AGMs: British Vita, T Cowie, F&C Inv. Trust, Schlumberger, Vivat Hdgs

EGMs: T Cowie

Economic statistics: Index of production and construction for Wales (Q4), Survey of Agriculture: Dec '93 results for Wales.

THURSDAY: 14.4.94

Interims: Prestwick

Finals: Blue Circle Inds, Brooks Service, Forte, Hunting, Ipeco Hdgs, Lamont Hdgs, William Sindall, Storm, Swallowfield, Tudor

AGMS: British Bio-Technology, Crest Nicholson, Leslie Wise, Lloyds Abbey Life, Malvern UK Index Trust, Misys, Sedgwick

EGMs: Holliday Chemical, Try

Economic statistics: Machine tool orders (Feb), balance of visible trade (Jan).

FRIDAY 15.4.94

Interims: Save & Prosper Linked Inv (2nd interim div)

Finals: Campari Int, Elys (Wimbledon), Foreign & Colonial Pacific Inv Trust, Renown, Wembley

AGMs: Boddington, London Forfaiting, St Modwen Properties

EGMs: Era, Simon Engineering

Economic statistics: Usable steel production, RPI, capital issues and redemptions (all March), UK economic accounts (Q4).

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