Business and City Summary
Monday 25 January 1993
BT had no immediate comment on US reports that it was considering the purchase of a significant stake in Electronic Data Systems, a Dallas data processing company owned by General Motors.
A report said the two companies had been negotiating since November. EDS hoped to raise dollars 5bn from any deal.
The European Court of Justice will begin hearings on the Coloroll pensions case in Brussels tomorrow. The action is concerned with equalisation and backdating of pension benefits between men and women and could cost British employers between pounds 25bn and pounds 50bn in claims. Judgment is due in July.
Talks towards a new international coffee agreement with price stabilisation powers start today at the International Coffee Organisation in London. The current administrative pact expires in September this year.
Price Waterhouse, receivers to the Glasgow-based Lilley Group, have sold MDW and Meadowline Services to a management buyout team backed by Bank of Scotland, 3i and Scottish Enterprise. At the same time a number of major Lilley contracts in contracting and construction have been sold to Amec.
The average price paid for a private company in the UK was 9.5 times earnings in the fourth quarter of 1992 compared with 8.3 times a year earlier, according to the latest Stoy Hayward-Acquisitions Monthly private company index.
The number of jobless people in western Germany will increase to above 2 million in 1993 and eastern German unemployment will also show a significant rise, the Federal Labour Office said.
The Chilean government is proposing new laws to reform the country's capital markets. The aim is to improve investor protection, increase opportunities for institutional investors and ease access for smaller companies.
Industrial research and development (1991). Money and BS figures (Dec). CBI trends (Jan).
Finals: Lookers, Templeton.
Interims: Euro Disney (first quarter).
Finals: Aukett Associates, Domino, Shandwick.
Interims: Budgens, Cantors.
Construction - new orders.
Finals: Richmond Oil & Gas.
Interims: Allied Textile, WH Smith.
Trade figures (Dec).
Interims: Farepak, MFI, Misys Unitech.
Finals: Partridge Fine Arts, Stakis, Warner Estates.
Interims: Goodhead Group EGM, Stanhope.
That's some guestlist! Stunning images show huge dynastic wedding between Ultra-Orthodox Jewish families which attracted 25,000 guests
Man and woman arrested on suspicion of conspiracy to murder victim of Woolwich machete attack, named as Drummer Lee Rigby
'Sickening, deluded and unforgivable': Horrific attack brings terror to London’s streets
World news in pictures
Ingrid Loyau-Kennett, the mother-of-two hailed as a hero for confronting Woolwich attackers, thought: 'better me than a child'
- 1 Man and woman arrested on suspicion of conspiracy to murder victim of Woolwich machete attack, named as Drummer Lee Rigby
- 2 'Sickening, deluded and unforgivable': Horrific attack brings terror to London’s streets
- 3 Grace Dent: I’m not sure how these people can avoid being called ‘bigots’. And the more ‘civilised’, the worse they are
- 4 Woolwich murder: They killed, then they performed - these men should be starved of our attention
- 5 Woolwich attack: The EDL will seek to exploit this evil crime for their own evil ends
BMF is the UK’s biggest and best loved outdoor fitness classes
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