Business and City Summary

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National Power's interim results, to be announced later this month, are expected to show that its share of the electricity generating market has dropped to one- third from almost a half when the industry was privatised.

The fall - which has come much earlier than expected because of the acceleration of nuclear power and increased use of natural gas - is encouraging National Power to speed up its expansion into overseas markets.


Touche Ross, administrative receiver of Stormont Engineering, has sold Ford car and Iveco dealerships within the Stormont group for an undisclosed sum to a firm connected with Hancock Ford of Horsham. Ford dealerships at Skipton, Yorkshire, and a Citroen dealership in Huddersfield are not included in the deal.


The Sri Lankan government is to cancel the remainder of a contract with Airbus Industrie to purchase five A340-300s worth dollars 590m, according to the Sri Lankan Sunday Times. It said the World Bank had been informed.


The Compass Group will operate Burger King restaurants in areas including railway stations and workplaces in the UK and some European countries, replacing the existing Casey Jones brand.


Small and medium manufacturing companies in the UK have gained no benefit from the single European market, according to Pera, the management consultants. A Pera report says that in some ways exporting has been made more difficult.

TODAY 1.11.93

Interims: Hafslund Nycomed (Q3); McInerney Prop; Pex Grp.

Finals: Finsbury Growth Trust; GR (Hldgs) (div); Morgan Grenfell Equity Income Trust (div); Rights & Issues Inv Trust (div).

AGM: Harmony Leisure.

EGM: Comac Grp.

TOMORROW 2.11.93

UK official reserves (Oct); Bank of England Quarterly Bulletin.

Interims: BDA Holdings; Casket; Celsis Intl; Finsbury Trust; Powerscreen Intl; Rexmore; James Smith Estates.

Finals: Amber Day Holdings; Foreign & Colonial PEP Inv; Keystone Inv Co.

AGMs: Bryant Grp; Countyglen; London & Metropolitan; Trafford Park Estates.


Cyclical indicators (Oct); overseas travel and tourism (Aug); monetary statistics (Sep); advance energy statistics (Jul-Sep); mortgage lending (Q3); international banking statistics (Q2).

Interims: German Inv Trust, German Smaller Cos Inv Trust, Marks & Spencer, Oceana Consolidated, J Sainsbury.

Finals: BAT Industries (Q3); Greenwich Communications; Scottish Metropolitan Property; Sunset & Vine.

AGMs: Community Hospitals; Foster Brewing; PizzaExpress; TOJ; TNT.

EGM: PizzaExpress.

THURSDAY 4.11.93

Details of employment, unemployment, earnings prices and other indicators; housing starts and completions (Sep).

Interims: Boots Co; First Ireland Inv Co; German Inv Trust; Hambro Ins Services; Westbury.

Finals: Bellway; British Petroleum; Euromoney Publications; William Low; MMT Computing; Philips Electronic; J Smart Contractors.

AGMs: Allied Leisure; S Lyles; Sirdar; Frank Usher Hldgs.

FRIDAY 5.11.93

Insolvency statistics (Q3); insolvency petitions (Q3).

Interims: Adam & Harvey; Banner Homes Grp; Bula Resources; Burtonwood Brewery; Capital Gearing; William Cook.

Finals: Gartmore European Inv; Goodhead Grp; Holmes Protection Grp (Q3).

AGMs: Anglovaal; Cornwell Parker; Pacific Dunlop; Ricardo Grp; Thomas Walker.