Business Information Service: Last week

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The Independent Online
SUNDAY: A vice-chairman at Barclays, Humphrey Norrington, admits that 'corporate misjudgement' contributed to the bank being forced to write off pounds 240m in loans to Imry.

Rank is to pay at least pounds 20m to Robert Earl, who runs its Hard Rock Cafe chain, when his contract expires on New Year's Eve. He has been setting up a private rival to the chain, Planet Hollywood.

MONDAY: Bankers to Canary Wharf are considering an offer by Lord Weinstock's GEC which could expedite the Jubilee Line extension.

Moody's, the bond rating service, downgrades the debt rating of the troubled aircraft leasing group GPA.

Private sector pay deals fell to 3.1 per cent, reports the Confederation of British Industry.

TUESDAY: The FT-SE 100 reaches an all-time high of 2,807, as confidence in economic recovery grows.

Scottish Widows is fined pounds 120,000 for failing to exercise adequate control over its tied agents.

Approval is given for Courtaulds Textiles to transfer pounds 19m of its pension fund surplus to its own coffers.

Lucas sells its fluid power division to a Danish company for a rumoured pounds 40m.

WEDNESDAY: A dollars 750m ( pounds 490m) link-up with USAir is abandoned by British Airways in the face of opposition from the US government.

The steep devaluation of the pound helps drive the current account pounds 200m deeper into the red to pounds 1.9bn in November.

The world's big six accountants boosted income by 6 per cent to dollars 31bn last year.

French banks could have been the biggest foreign banking speculators against sterling in the run-up to Britain's withdrawal from the ERM.

THURSDAY: A rise of 29 per cent in car sales in the first 20 days of December suggests that a decisive recovery is under way.

Banks face losses of up to pounds 700m after administrative receivers are appointed to the Magnet kitchen firm, Airedale Holdings.

Isosceles, the buy-out vehicle for the Gateway food chain, is given a five-month breathing space to restructure its pounds 1.4bn of debts.

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