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 President of Argentina adopts Jewish godson to 'stop him turning into a werewolf'
- 2 ALS ice bucket challenge co-founder Corey Griffin drowns, aged 27
- 3 The 'Black Museum': After 150 years, public set to see exhibits from police’s grisly crime museum
- 4 AirAsia flight QZ8501 missing: Plane carrying 162 passengers from Indonesia to Singapore disappears over Java Sea
President of Argentina adopts Jewish godson to 'stop him turning into a werewolf'
Exclusive: Abusers using spyware apps to monitor partners reaches 'epidemic proportions'
ALS ice bucket challenge co-founder Corey Griffin drowns, aged 27
UK weather: Warning for more snow and ice as freezing temperatures and gales hit Britain
Stoke-on-Trent becomes first British city to be classified as 'disaster resilient' by the United Nations
British actor Idris Elba cannot star as James Bond because he is black, says shock jock Rush Limbaugh
Ukip member gets into Christmas spirit with Union Flag plea to Santa 'for our country back'
Germany anti-Islam protests: 17,000 march on Dresden against 'Islamification of the West'
Millions of Britons struggling to feed themselves and facing malnourishment
Immigrants make UK racist, says Ukip councillor Trevor Shonk
Nigel Farage: Ukip leader named 'Briton of the year' by The Times
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