Business and City Summary

Life Style float pitched at pounds 25m

Life Style Care is set to become the latest nursing and residential home operator to float on the Stock Exchange. The group, which is active in the North, North-west and Midlands, plans to come to market with a value of up to pounds 25m.

Bulls back off

Fund managers are less bullish about the performance of UK equities over the coming three months, according to the latest Smith New Court/Gallup survey.

Pentos rights

The pounds 45m rights issue launched by Pentos, the Dillons to Rymans retailer, closed with 83 per cent of the shares offered taken up. The balance has been placed with institutions at a 2p premium to the 25p offer price.

TODAY: 16.5.94

Interims: Celltech Group, Fenner.

Finals: British IT, Personal Assets Trust, Whitbread.

AGMs: Henderson Highland, ISA International, Quicks Group, Savoy Hotel.

EGMs: Fitzwilton.

Economy: Producer price index (Apr). Bank lending to UK residents (Q1).

TUESDAY: 17.5.94

Interims: BOC Group, Hanson, River & Merc American Cap, Sedgwick Group.

Finals: Allied-Lyons, Baring Stratton IT, Delian Lloyd's IT, Harlepools Water, James Smith Estates, Worth IT.

AGMs: Bemrose Corp, Boxmore International, Fisons, Home Counties Newspapers, Marley, Marsh & McLennan, RJB Mining, River & Merc American Cap, Steel Burrill Jones, Telemetrix.

Economy: CBI survey of distributive trades (Apr). Construction - new orders (Mar). Acquisitions and mergers in UK (Q1)

WEDNESDAY: 18.5.94

Interims: Baggeridge Brick, Bass, Compass, Concentric, Group Development Capital, Ptarmigan Intnl Capital Trust.

Finals: Lazard Select IT, National Power, Ocean Wilsons.

AGMs: Arjo Wiggins Appleton, Blenheim, Bowthorpe, Capital Industries, Cookson, Densitron Intnl, Erith, Irish Life, Legal & General, Nurdin & Peacock, Reckitt & Colman, Slough Estates, Spring Ram, Sun Alliance, Swallowfield, Unichem.

EGMs: Brandon Hire.

Economy: Retail price index (Apr). Various labour market statistics. PSBR (Apr).

THURSDAY: 19.5.94

Interims: British Gas (Q1), Burton, Capital Radio, River & Mercantile Trust, Securitised Endowment Contracts, Willis Corroon (Q1).

Finals: British Telecom, Ferguson Intnl Holdings, Fine Art Developments, Fine Decor, Group Development Cap Trust, Signet, Westbury, Yorkshire Waterworks.

AGMs: GKN, Ash & Lacy, Bluebird Toys, Cannon Street, English & Scottish, Enterprise Oil, Guinness, Hammerson, Hepworth, Iceland, Laura Ashley, Liberty, Nestor BNA, Rhino, Royal Dutch Petroleum, Alexander Russell, Shell Transport & Trading, Trade Indemnity, UK Safety, Wace, Willis Corroon, Woodchester Invs.

EGMs: TR Property IT.

Economy: Machine tools (Mar). Retail sales (Apr). Financial statistics (May). Vehicle production (Apr - prov).

FRIDAY: 20.5.94

Interims: Wolverhampton & Dudley.

Finals: Baris Holdings.

AGMs: Ben Bailey Construction, Burmah Castrol, Dawsongroup, Derwent Valley Holdings, Forth Ports, Grampian Holdings, Lec Refrigeration, Next, Tesco, Tudor, United Friendly, Weir Group.

EGMs: Clyde Blowers, Pittencrieff.

Economy: M4 provisional estimates (Apr). Building society figures (Apr). Main banking groups' statement (end-Apr).