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 Scottish independence: Ireland since 1919 is a lesson for Scotland in what a Yes vote means
- 2 British tourists 'murdered' in Thailand: Pair's bloodied bodies found naked on Koh Tao beach
- 3 Lego breaks out of the toy box and heads for the gallery
- 4 Vogue under fire for 'Big Booty' article
- 5 Julian Assange and Edward Snowden join piracy mogul Kim Dotcom’s political campaign in New Zealand
British tourists 'murdered' in Thailand: Pair's bloodied bodies found naked on Koh Tao beach
Russia freezes Ukraine into submission: Kiev admits country doesn't have enough fuel for winter
Jihadi John': MI5 may have identified Isis militant who killed David Haines but options limited
Scottish independence: Police will be on high alert on Friday whatever the result
David Haines beheading: David Cameron says Britain will hunt down Isis 'monsters' shown in video murdering aid worker
Daniele Watts: Django Unchained actress detained by Los Angeles police after being mistaken for a prostitute
The political class is doing what Hitler couldn’t – destroying Britain
Scottish independence: Nationalist leader Jim Sillars threatens pro-union companies with 'day of reckoning' after independence
Scottish independence: Yes campaign feels the heat as Alex Salmond's NHS claims come under furious attack
£23m Birmingham cycle scheme is attacked by Tory councillor for not catering to the elderly
Salmond accused of laughing off national debt with ‘what are they going to do: invade?’ joke
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