An Israeli court yesterday sent former top banking officials to jail for a 1983 share scandal that shook the country and cost the government dollars 9bn.
Jerusalem District Court Judge Miriam Naor imposed sentences of up to eight months on the former heads of Israel's top banks, found guilty in February of fraud in the country's biggest financial scandal. The bankers, eager to profit on a flood of money they saw depositors enjoying in the early 1980s, were accused of promoting their own banks' shares and propping the prices up artificially.
London is currently the most attractive European city for hotel investment, according to a survey from Pannell Kerr Forster, Salomon Brothers and Jones Lang Wootton. Favourable exchange rates, low interest rates and property values all favour London, at the expense of recession-hit cities in Germany and Eastern Europe.
Park Food Group, the UK's leading supplier of Christmas hampers, is investing pounds 4m in a new high-technology food process for which it is the sole UK licensee. Park will build a new plant for the process next to its head office in Birkenhead. The company said progress at Handling Solutions, the promotions management company it bought for pounds 9.3m in December 1993, was 'up to the board's best expectations'.
Interims: Orb Estates
Finals: Alpha Airports Group, Bilton, Burmah Castrol, Dinkie Heel, London & Manchester, QS Holdings, Wakebourne
AGMs: Fyffes, Henlys, Harry Ramsden's, Regina, TR Pacific Inv Trust, Thornton Pan Euro Inv
EGMs: John Mowlem, NM Smaller Australian, Shandwick
Economic statistics: Credit business (Feb).
Interims: Five Oaks Invs
Finals: Blockleys, Bostrom, Dewhirst, Dolphin Packaging, Erith, FR, Hungarian Inv. Co, Lopex, Scottish Television, Tesco, Walker Greenbank, Yule Catto
AGMs: BICC, Capita Grp, Dolphin Packaging, F&C Enterprise Trust, Gartmore, Grafton, Heywood Williams, Metal Bulletin, Reuters, Yorkshire-Tyne Tees
EGMs: Claremont Garments, Dale Electric, Grafton, Reuters.
Interims: Aberforth Split Level Trust (3rd interim div), Barry Wehmiller Int, Smiths Inds
Finals: Laura Ashley, New City & Commercial Inv Trust, Nurdin & Peacock, RMC, Savoy Hotels
AGMs: British Vita, T Cowie, F&C Inv. Trust, Schlumberger, Vivat Hdgs
EGMs: T Cowie
Economic statistics: Index of production and construction for Wales (Q4), Survey of Agriculture: Dec '93 results for Wales.
Finals: Blue Circle Inds, Brooks Service, Forte, Hunting, Ipeco Hdgs, Lamont Hdgs, William Sindall, Storm, Swallowfield, Tudor
AGMS: British Bio-Technology, Crest Nicholson, Leslie Wise, Lloyds Abbey Life, Malvern UK Index Trust, Misys, Sedgwick
EGMs: Holliday Chemical, Try
Economic statistics: Machine tool orders (Feb), balance of visible trade (Jan).
Interims: Save & Prosper Linked Inv (2nd interim div)
Finals: Campari Int, Elys (Wimbledon), Foreign & Colonial Pacific Inv Trust, Renown, Wembley
AGMs: Boddington, London Forfaiting, St Modwen Properties
EGMs: Era, Simon Engineering
Economic statistics: Usable steel production, RPI, capital issues and redemptions (all March), UK economic accounts (Q4).Reuse content