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 Tamir Rice: 12-year-old boy playing with fake gun dies after being shot by Ohio police
- 2 To help fuel their propaganda machine against the poor, our government has now decided to redefine the word 'welfare'
- 3 Bill Cosby: Isn’t it obvious why his accusers have stayed silent up until now?
- 4 Halle Berry takes ex-boyfriend Gabriel Aubry to court for allegedly trying to make daughter look less African-American
- 5 Isis propaganda image showing 'abuse of Muslim woman by soldiers' is actually taken from Hungarian porn film
Tamir Rice: 12-year-old boy playing with fake gun dies after being shot by Ohio police
Ferguson decision: Tea Party website mocks Michael Brown's family over T-shirt typo
Michael Brown shooting: Ten things we know – or know better – now the Ferguson grand jury's work is over
Isis propaganda image showing 'abuse of Muslim woman by soldiers' is actually taken from Hungarian porn film
Derren Brown on the disappointment of coming out: 'It’s not that people react badly to it – they really don't care'
Rochester by-election: Ukip gains second MP as Tory defector Mark Reckless holds seat
'Beast of Bolsover' Dennis Skinner takes Ukip MP Mark Reckless to task moments after he is sworn in
Rochester by-election: Labour MP Emily Thornberry resigns after posting white van and England flags tweet
The young are the new poor: Sharp increase in number of under-25s living in poverty, while over-65s are better off than ever
Revealed: How the world gets rich – from privatising British public services
Exclusive: UK approved £7m Israeli arms sales in six months before Gaza conflict
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