Business and City Summary


Inflation will climb to 8 per cent or higher in the second half of the 1990s as strong private sector spending and capacity bottlenecks lead to an overheated economy, according to Bill Martin, chief economist at UBS.

In his January forecast, he predicts that the Budget has given the economy a year's remission, but will not be judged a success by future historians.


Royal Dutch/Shell Group has signed a contract with China National Offshore Oil Corp to explore a block in the East China Sea, the 10th such contract since the East China Sea was opened for exploration in June last year.


The number of new cars sold on finance rose 46.9 per cent in November, bringing the increase for the year so far to 16.8 per cent, according to Motor Industry Monitor. Finance for used car sales also rose 17.6 per cent.


Fund managers are switching to Britain and the US from Continental Europe and Japan, according to the latest Smith New Court survey. A balance of 27 per cent intend to increase their UK weighting, and 17 per cent their US allocations.


The Confederation of British will today hold the first in a series of seminars aimed at promoting co-operation between the civil and defence industries. Initiated by British Aerospace and sponsored by the Department of Trade and Industry, it is aimed at encouraging joint development of key technologies, so avoiding duplication of effort.


The offer for sale by Hualing Holdings, the Hong Kong-based company that owns 95 per cent of a refrigerator plant in Guangzhou, China, was 351 times oversubscribed.

TODAY: 13.12.93

Producer price index; index of output of the production industries.

Interims: Baillie Gifford Japan, Berkeley Group, Brasway, Greene King, Hamlet Group, London Electricity, Norbain.

Finals: Hardys & Hansons, Mining & Allied Supplies, Richards, Unidare, Widney.

TOMORROW: 14.12.93

Interims: Amberley, Bogod, Ewart, First Technology, Halma, Melville St Investments, Siam Selective Growth, Southern Electric, Southern Water.

Finals: Aukett Associates, Chemex International, Sheriff Holdings, Southern Radio, Trafalgar House, Vaux Group, Whessoe.

WEDNESDAY: 15.12.93

Retail Prices Index Retail Sales; US retail sales (November).

Interims: Bristol Water, Northern Electric, Schroder Split Fund, South Western Electricity

Finals: Acatos & Hutcheson, Alvis, Baggeridge Brick, Chemring Group, Daily Mail & General Trust, Greencore, Group Development Capital, Haemocell, Hunters Armley, Shoprite.

THURSDAY: 16.12.93

Public sector borrowing requirement; US merchandise trade.

Interims: AH Ball, London Merchant Securities, MS International, Plysu, Stewart & Wight, Sutcliffe Speakman, Westport, Yorkshire Electricity.

Finals: Albion, Barcom, Brunner Inv Trust, Chiltern Radio, Electra Inv Trust, Fairline Boats, Kleinwort Charter Inv, Phonelink.

FRIDAY: 17.12.93

US housing starts (November).

Interims: Abtrust Preference Income Investment Trust, Asda Group, Manweb, Reliance Security, Eliza Tinsley Group, United Industries, Unit Group, Waverley Mining Finance, Welsh Industrial Investment Trust.

Finals: Burndene Investments, Trio Holdings.

peopleGuitarist, who played with Aerosmith, Lou Reed and Alice Cooper among others, was 71
Robyn Lawley
Arts and Entertainment
The cast of The Big Bang Theory in a still from the show
tvBig Bang Theory filming delayed by contract dispute over actors' pay
i100  ... he was into holy war way before it was on trend
Life and Style
lifeDon't get caught up on climaxing
Life and Style
food + drinkVegetarians enjoy food as much as anyone else, writes Susan Elkin
Arts and Entertainment
Harry Potter (Daniel Radcliffe), Hermione Granger (Emma Watson) and Ron Weasley (Rupert Grint)
newsBloomsbury unveils new covers for JK Rowling's wizarding series
scienceScientists try to explain the moon's funny shape
Usain Bolt confirms he will run in both the heats and the finals of the men's relay at the Commonwealth Games
commonwealth games
ebookA unique anthology of reporting and analysis of a crucial period of history
peopleHowards' Way actress, and former mistress of Jeffrey Archer, was 60
Life and Style
Troy Baker and Ashley Johnson voice the show’s heroes
gamingOnce stilted and melodramatic, Hollywood is giving acting in video games a makeover
Arts and Entertainment
As Loki in The Avengers (2012)
filmRead Tom Hiddleston's email to Joss Whedon on prospect of playing Loki
voices In defence of the charcoal-furred feline, by Felicity Morse
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

1st Line Support Technician / Application Support

£20000 - £24000 per annum: Harrington Starr: A leading provider of web based m...

Team Secretary - (Client Development/Sales Team) - Wimbledon

£28000 - £32000 per annum: Ashdown Group: Secretary (Sales Team Support) - Mat...

Accountant / Assistant Management Accountant

Competitive (DOE): Guru Careers: We are looking for an Assistant Management Ac...

Senior Investment Accounting Change Manager

£600 - £700 per day + competitive: Orgtel: Senior Investment Accounting Change...

Day In a Page

Save the tiger: The day America’s love of backyard tigers led to a horrific bloodbath

The day America’s love of backyard tigers led to a horrific bloodbath

With only six per cent of the US population of these amazing big cats held in zoos, the Zanesville incident in 2011 was inevitable
Samuel Beckett's biographer reveals secrets of the writer's time as a French Resistance spy

How Samuel Beckett became a French Resistance spy

As this year's Samuel Beckett festival opens in Enniskillen, James Knowlson, recalls how the Irish writer risked his life for liberty and narrowly escaped capture by the Gestapo
We will remember them: relatives still honour those who fought in the Great War

We will remember them

Relatives still honour those who fought in the Great War
Star Wars Episode VII is being shot on film - and now Kodak is launching a last-ditch bid to keep celluloid alive

Kodak's last-ditch bid to keep celluloid alive

Director J J Abrams and a few digital refuseniks shoot movies on film. Simon Usborne wonders what the fuss is about
Once stilted and melodramatic, Hollywood is giving acting in video games a makeover

Acting in video games gets a makeover

David Crookes meets two of the genre's most popular voices
Could our smartphones soon be diagnosing diseases via Health Kit and Google Fit?

Could smartphones soon be diagnosing diseases?

Health Kit and Google Fit have been described as "the beginning of a health revolution"
Ryanair has turned on the 'charm offensive' but can we learn to love the cut-price carrier again?

Can we learn to love Ryanair again?

Four recent travellers give their verdicts on the carrier's improved customer service
Billionaire founder of Spanx launches range of jeans that offers

Spanx launches range of jeans

The jeans come in two styles, multiple cuts and three washes and will go on sale in the UK in October
10 best over-ear headphones

Aural pleasure: 10 best over-ear headphones

Listen to your favourite tracks with this selection, offering everything from lambskin earmuffs to stainless steel
Commonwealth Games 2014: David Millar ready to serve up gold for his beloved Scotland in the end

Commonwealth Games

David Millar ready to serve up gold for his beloved Scotland in the end
UCI Mountain Bike World Cup 2014: Downhill all the way to the top for the Atherton siblings

UCI Mountain Bike World Cup

Downhill all the way to the top for the Atherton siblings
Save the tiger: The animals bred for bones on China’s tiger farms

The animals bred for bones on China’s tiger farms

The big cats kept in captivity to perform for paying audiences and then, when dead, their bodies used to fortify wine
A former custard factory, a Midlands bog and a Leeds cemetery all included in top 50 hidden spots in the UK

A former custard factory, a Midlands bog and a Leeds cemetery

Introducing the top 50 hidden spots in Britain
Ebola epidemic: Plagued by fear

Ebola epidemic: Plagued by fear

How a disease that has claimed fewer than 2,000 victims in its history has earned a place in the darkest corner of the public's imagination
Chris Pratt: From 'Parks and Recreation' to 'Guardians of the Galaxy'

From 'Parks and Recreation' to 'Guardians of the Galaxy'

He was homeless in Hawaii when he got his big break. Now the comic actor Chris Pratt is Hollywood's new favourite action star