Business and City Summary

TIME EXPANDS

Time Products, distributor of Sekonda watches, has paid dollars 17m ( pounds 11.7m) for Judith Leiber, a supplier of luxury handbags whose products it already distributes. Time has also bought a 5 per cent interest in Audemare Piguet, the Swiss luxury watch maker, for pounds 2m.

51m POUNDS CLAIMED

Sarrio, the Spanish-Italian cardboard producer, has begun proceedings against the Kuwait Investment Office in London over a claim for 8.9bn pesetas ( pounds 51m). The claim stems from Sarrio's sale in 1991 of a company to Grupo Torras, the KIO's Spanish investment vehicle.

INSIDER ATTACK

The City Group for Smaller Companies has attacked proposed changes to insider dealing rules in the Criminal Justice Bill. It says there is confusion over whether some traditional practices in underwriting and placing could still be legal.

TODAY: 8.3.93

UK net lending figures for January, German fourth quarter GDP.

Finals: British Vita, Fairey Group, Perkins Food, Transport Development

TOMORROW: 9.3.93

UK producer prices, German trade balance and current account, US productivity

Interims: Pict Petroleum, Thorntons

Finals: BBA, Glynwed, Hillsdown Holdings, Singer & Friedlander, Wates City of London Property

WEDNESDAY: 10.3.93

German retail sales

Interims: A&J Mucklow

Finals: BAT Industries, Cadbury Schweppes, Cookson Group, GKN, Rosebys, Standard Chartered, T&N, Vickers, Willis Corroon

THURSDAY: 11.3.93

UK balance of payments, CBI distributive trades survey for February, US retail sales

Interims: Lloyds Chemists, Logica

Finals: Associated British Ports, BTR, Enterprise Oil, Refuge Group, Rolls-Royce, RTZ Corporation, Smith & Nephew, TI Group

FRIDAY: 12.3.93

UK fourth quarter GDP, personal income and savings data, UK construction output, US producer prices

Finals: Heywood Williams, Victaulic