Business and City Summary
Monday 21 June 1993
Its latest statistical survey showed that there were 460 pounds 10m- plus MBOs in the UK, worth a total of pounds 640m, compared with 640 worth pounds 820m in the same period last year. The average value was higher, however, at pounds 51m against pounds 40m.
Airport property boost
BAA's properties are worth pounds 5bn, rather than the pounds 3bn shown in the balance sheet, according to the company's annual report. If a recent open-market valuation by Drivers Jonas, the chartered surveyors, had been incorporated in the financial statements, net asset value per share would have been increased from pounds 4.03 to pounds 8.05, the report says.
Irish-American move GPA, the hard-pressed Irish aircraft leasing group, and General Electric Capital Corporation have agreed the basis of a new company to provide management, service and technical services for GPA's aircraft. The company will be a GE Capital subsidiary. Tony Ryan, GPA's chairman, said the agreement was an important element in the company's restructuring.
- 1 I was a Woman Against Feminism too
- 2 Fifty Shades of Grey movie trailer released: First look at Jamie Dornan as Christian Grey
- 3 Is Gideon Levy the most hated man in Israel or just the most heroic?
- 4 Students offered grants if they tweet pro-Israeli propaganda
- 5 The Tory donor whose firm is one of Britain’s biggest tax avoiders - with HMRC's blessing
Malaysia Airlines MH17 crash: Vladimir Putin is given 'one last chance' to end hostilities in Ukraine
The 'scroungers’ fight back: The welfare claimants battling to alter stereotypes
The truth about conspiracy theories is that some require considering
Arizona execution lasts two hours as killer Joseph Wood left 'snorting and gasping' for air
Malaysia Airlines MH17 crash: Ukrainian military jet was flying close to passenger plane before it was shot down, says Russian officer
Malaysia Airlines MH17 crash: Massive rise in sale of British arms to Russia
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