Business and City Summary

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The Independent Online

Forte, the hotels group, is expected to agree the sale of its Gardner Merchant contract catering subsidiary for pounds 400m this week. The buyer will be a consortium including Gardner's management and led by CINven, British Coal's venture capital company.


Plasmon, the specialist in optical data storage products, made pre-tax profits of pounds 98,000 against a pounds 1.53m loss in the year ended 31 March. Turnover rose 145 per cent to pounds 8.5m.

APV pounds 15m deal APV, which supplies process equipment to the food and drink industries, has won a brewery project worth pounds 15m in Korea.


The EC's proposed legislation on data protection will cost firms millions of pounds to implement and impose unnecessary protection, the CBI warns.

TODAY: 7.12.92

Credit business (Oct).

Interims: Acal, Compco Hldgs, Cranswick, In Shops, Morris Ashby, Rolfe & Nolan, Scottish & Newcastle, South Wales Elec, Total Systems, Wellman.

Finals: Airtours, Faber Prest, Radio Clyde Hldgs, Tunstall Grp, Westland Grp.

TOMORROW: 8.12.92

Interims: Atkins Grp, Avesco, BTP, Bogod Grp, Campbell and Armstrong, Charter Consolidated, East Midlands Elec, M&G Second Dual Tst, Mansfield Brewery, Safeland, Siebe, UMECO, Throgmorton Dual Tst (1qtr), Whitecroft.

Finals: Archimedes Inv Tst (2ID), Berisford Intnl, Carlton Commns, Chiltern Radio, Eurocopy, Ossory Estates, Perstorp AB, Sage Grp, Sturge Hldgs, Vaux Grp.

WEDNESDAY: 9.12.92

Interims: Airsprung Furniture Grp, Associated British Engineering, Manweb, NMC, Phoenix Timber Grp, Protean, Stirling Grp.

Finals: Avon Rubber, Countryside Props, Grainger Tst, Greenalls Grp, River Plate & General Inv Tst.

THURSDAY: 10.12.92

Interims: Arlen, Booth Inds Grp, British Land Co, Eve Grp, Fuller Smith & Turner, Great Universal Stores, Hunter Saphir, IWP Intnl, Joseph (Leopold) Hldgs, London Merchant Sec, Midlands Elec, Moorgate Inv Tst, Moorgate Smaller Cos Inv, Pilkington, South Western Elec, Stewart & Wight, Taunton Cider.

Finals: API Grp, Archer (AJ), Compass Grp, Drayton Recovery Tst, Eldridge Pope & Co, Johnson & Firth Brown, Lynx Hldgs, Whessoe, Widney.

EGM: Amstrad.

FRIDAY: 11.12.92

Usable steel production (Nov); construction output (3qtr prov); RPI and tax and price index (Nov); capital issues and redemptions (Nov); National Savings results (Nov).

Interims: Albion, Barrow Hepburn Grp, Osborne & Little, Parkland Textile (Hldgs), Worth Inv Tst.

Finals: Southern Radio.