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Business and City Summary


The trade minister, Richard Needham, will try to save British Aerospace's proposed joint venture with Taiwan Aerospace Corporation when he visits Taipei next week. Department of Trade and Industry officials confirmed that he was likely to discuss the deal on the long- planned trade promotion visit.

BAe says that without the deal, which appears to be in danger of collapse, it will have to close its regional aircraft business, with the loss of 3,000 jobs.


Directors' total remuneration packages can amount to more than 200 per cent of their base salaries, according to a survey by the actuaries Bacon & Woodrow. The study, of 1,434 directors in 222 larger companies, showed the average basic salary of chief executives in July was pounds 158,000 and for directors as a whole was pounds 92,000. The typical director was aged 48 and male. Only 50 female executives were identified and only two groups had female chief executives.


The troubled property developer Greycoat has pounds 500m of assets, according to John Katz, who has campaigned for a number of shareholders over the lack of information provided by the company.

TODAY: 11.10.93

Producer prices (Sept). UK trade figures (July).

Interims: Aminex, Eurotunnel, Frank G Gates, Premier Health.

Finals: Canadian Overseas Packing, Highland Distilleries, Hong Kong Inv Trust, Lucas Industries, Perstorp, Scottish Asian Inv Co, Tay Homes.

TOMORROW: 12.10.93

Interims: Boxmore Int, Clinton Cards, FR Group, Ross Group.

Finals: Exmoor Dual Investment, St Ives, William Sinclair, Town Centre Securities.

WEDNESDAY: 13.10.93

Retail prices index (Sept). Index of output of the production industries (Aug).

Interims: N Brown, Densitron Int, Seton Healthcare.

Finals: Attwoods, Goodhead Group.

THURSDAY: 14.10.93

Unemployment and unfilled vacancies (Sept, prov); average earnings indices (Aug, prov), employment, hours, productivity and unit wage costs; industrial disputes. US retail sales (Sept). US producer prices (Sept).

Interims: Barlows, Body Shop Int, Chepstow Racecourse, Exploration Co, Hunting, Jackson Group, William Sindall, Tudor.

Finals: John Maunders Group, JD Wetherspoon.

FRIDAY: 15.10.93

US consumer price index (Sept).

Interims: Brooks Services Group, Craig & Rose.