Business and City Summary

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The Independent Online
LLOYD'S HEADS FOR COMPENSATION

David Rowland, the chairman of the Lloyd's insurance market, is expected to move closer tomorrow to a promise of substantial compensation to members hit by huge losses, if they drop pounds 2bn of lawsuits against the market.

At a meeting of up to 3,000 members in the Royal Albert Hall, London, Mr Rowland is expected to underline Lloyd's determination to end the litigation. Though he will hold out the prospect of compensation he will not give a figure. Lloyd's dismissed a report that he would make an offer of pounds 900m.

24-HOUR DEALING

Sharelink, the cheap share-dealing operation, is introducing a 24-hour dealing service ahead of the final BT share sell-off. Calls to 'Autodeal' will be at normal telephone rates.

METALL DEAL

The IG Metall union and steel industry employers have reached a wage agreement that ends a three-week strike in eastern Germany involving some 9,000 workers. The two sides agreed to bring eastern steelworkers' wages up to par with those in western Germany by April 1996.

RINTOUL TAKEOVER

Lazard Brothers is taking over Grahams Rintoul, the investment trust management company, which controls funds worth pounds 70m, invested in the American gas industry and smaller companies.

TODAY: 24.5.93

Interims: Carlton Communications, National Home Loans, Radio Clyde Holdings.

Finals: Hi-Tec Sports, Jarvis Porter, South Staffordshire Water.

TOMORROW: 25.5.93

Interims: Cosalt, Fairline Boats, Metro Radio, Tunstall Group.

Finals: Argyll Group, Betterware, Fleming Euro Fledgeling Inv, Prime People, Readicut Int, Shires Investment, Thorn EMI.

WEDNESDAY: 26.5.93

Interims: Capital Radio, China Investment & Development Fund, Countryside Properties, Perpetual, Whessoe.

Finals: Bank of Nova Scotia (div), Casket, Courtaulds, Fleming High Income Inv Trust (4th int div), Monks Inv Trust, North West Water, Plysu, Rolfe & Nolan Computer Services, Warnford Investments.

THURSDAY: 27.5.93

New vehicle registrations (April).

Interims: Apollo Metals, Davenport Vernon, Dobson Park Industries, Greyfriars Inv Co, Morland & Co, JSmart & Co.

Finals: Babcock Int, City of London PR, Gartmore Value Inv, Jackson Gp, Macdonald Martin Distillers, Mercury Asset Management, Mid Kent Hldgs, National Power, Quadrant Gp, Southnews, South West Water, Toshiba Corp.

EGMs: Avon Rubber, Mosaic Investments.

FRIDAY: 28.5.93

CBI monthly trends inquiry (May).

Interims: Holmes Protection (Q1), Scottish Investment Trust.

Finals: Castings, Cheam Gp, William Cook, East Surrey Hldgs, Europa Minerals, Kelsey Inds, NEC Corp, TR Property Inv Tst.

EGMs: ICI.

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