Business and City Summary

Henlys receives pounds 8.8m bus order

Henlys Group, the subject of an unwelcome pounds 25m bid from the motor dealer T Cowie, has won its biggest bus-building contract. Badgerline Group has placed an pounds 8.8m order with its Plaxton subsidiary for 396 buses.

Canberra deficit

In its budget on 18 August the Australian government is expected to report a sharp increase in its budget deficit from Adollars 9.3bn to between Adollars 14bn and Adollars 15bn in 1992/3 because of reduced income and increased measures for job creation.

TODAY

Credit business (June).

Interims: Huntingdon, New Ireland, Seacon, Takare.

TOMORROW

Producer price index numbers (July).

Interims: British Airways, General Accident, Kinta Kellas, Kleinwort Overseas Inv, Manchester Ship Canal, Metal Bulletin, Saatchi & Saatchi.

Finals: Crown Eyeglass, Howard Hldgs, Rexmore.

WEDNESDAY

Index of production for Scotland (1st qtr).

Interims: Benson Crisps, Commercial Union, Heywood Williams, Moorfield Estates, Nichols, North Midland Construction, Queens Moat Houses.

Finals: Brandon Hire, Standard Platform Hldgs.

THURSDAY

Labour market statistics: unemployment and unfilled vacancies; average earnings indices; employment, hours, productivity and unit wage costs; industrial disputes. Overseas earnings of the City (1991); advance energy statistics; provisional figures of vehicle production; index of production; capital issues and redemptions; financing of the central government borrowing requirement (2nd qtr). Monetary statistics including: M4 sectoral analysis; bank and building society sterling lending (2nd qtr).

Interims: Blagden, Glynwed, LIT, Ayrshire Metal Products, Fairhaven, F&C Inv Tst, Hanson, Johnson Grp Cleaners, Royal Insurance.

FRIDAY

Usable steel production (July); Retail prices index and tax and price index; National Savings results.