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.
- 1 Forget 'The Dress': Here are five of the biggest news stories you might have missed
- 2 The black and blue dress: Makers considering a white and gold version
- 3 PornHub turns masturbation into energy in bid to save the planet
- 4 The remarkable archaeological underwater discovery that could open up a new chapter in the study of European and British prehistory
- 5 MH370: 'Putin ordered plane to be flown to Kazakhstan space port,' conspiracy theory claims
Boris Nemtsov shot dead: Outspoken Putin critic who had expressed fears for his life is killed near the Kremlin
PornHub turns masturbation into energy in bid to save the planet
Ukraine crisis: Top Chinese diplomat backs Putin, says West should 'abandon zero-sum mentality'
White and gold or blue and black – what colour is the dress? An eyewitness gives a definitive answer
Saudi Muslim cleric claims the Earth is 'stationary' and the sun rotates around it
New theory could prove how life began and disprove God
Half of Ukip voters say they are prejudiced against people of other races
This is what it's like to be dead, according to a guy who died for a bit
'Cash for access' scandal: Sir Malcolm Rifkind says 'unrealistic' for MPs to live on £67,000 salary
'Jihadi John': CAGE representative storms off Sky News accusing Kay Burley of Islamophobia
Aqsa Mahmood branded a 'disgrace' by her parents after claims she recruited three UK girls flying to Middle East
iJobs Money & Business
£40000 - £50000 per annum + pro rata: SThree: SThree Group have been well esta...
£30000 - £37000 per annum: Recruitment Genius: Established in 1999, a highly r...
£250-£300 Day Rate: Jemma Gent: Are you a qualified accountant with strong exp...
£230 - £260 Day Rate: Jemma Gent: Do you want to stamp your footprint in histo...