Business Information Service: This week
Sunday 20 February 1994
The US markets will be closed for President's Day.
Fourth quarter GDP in the UK is expected to be broadly in line with the previous quarter. Hardening insurance rates and relatively good weather should help to push GRE's pre-tax profits for the year up to a healthy pounds 147- pounds 180m. Unilever is likely to show a 14 per cent rise to pounds 2.3 bn for the year.
Pre-tax losses at British Aerospace will probably fall to pounds 184m from pounds 1.2bn last year. Its plan to sell Rover will not affect 1993 figures. Commercial Union will benefit from insurance rate increases and is expected to produce pre-tax profits around pounds 208m, despite commercial fire losses in Australia.
Durable goods orders in the US should be up by 1.5 per cent during January. In its first year of reporting after the split with Zeneca, ICI is predicted to deliver pounds 280m in profits. British Gas, labouring in the wake of the Monopolies Commission's report and the DTI's decision to open the domestic market in 1996, will see its share price continue to lag despite profits of about pounds 934m, broadly in line with last year. Profits at Shell T&T should be up 10 per cent, although the low oil price will affect profits upstream without bringing benefits in the depressed chemicals business. Meanwhile Royal Insurance's performance will be marred by pollution exposure and poor underlying results in the US.
Negotiations will begin on enlargement of the European Union. The CBI will release its monthly trends inquiry and the non-EC trade deficit is expected to rise to pounds 750m in January.
Sources: NatWest Securities, MMS International
'Both are withdrawing, calmly, politely and systematically.' - Gerard Longuet, the French industry minister, on the break-up of the Renault-Volvo deal
C4 5.15pm The Money Police: The Inland Revenue is the first subject of three programmes on the workings of the financial world.
BBC1 6am Business Breakfast: Interview with German union leader on the threatened IG Metall strike.
BBC1 6am Business Breakfast: Report on the BMW and Honda talks over the future of Rover Group.
BBC1 6am Business Breakfast: Coverage of the start of British Fashion Week.
BBC1 6am Business Breakfast: How countries are demanding aid before awarding foreign contracts.
BBC1 6am Business Breakfast: Reports from Moscow on the future of the Russian economy, as President Yeltsin delivers his keynote speech.
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- 2 50 books for students to read this summer: From Ernest Hemingway to Gillian Flynn
- 3 McDonald’s removes chicken nuggets from the menu in Hong Kong amid major food scare
- 4 Students offered grants if they tweet pro-Israeli propaganda
- 5 Joey Barton and Yossi Benayoun become involved in Twitter row over Israel-Gaza conflict
Israel-Gaza conflict: Israeli targeting policy under scrutiny after shellfire hits a mother and child, a school full of refugees and a doctor’s home
Metallica drummer Lars Ulrich claims Noel Gallagher helped him kick his cocaine addiction
Peaches Geldof: Her final day – and her fatal decision
Iraq crisis: Isis orders Mosul shop keepers to cover mannequins
Students offered grants if they tweet pro-Israeli propaganda
Malaysia Airlines MH17 crash: Vladimir Putin is given 'one last chance' to end hostilities in Ukraine
The 'scroungers’ fight back: The welfare claimants battling to alter stereotypes
The truth about conspiracy theories is that some require considering
Arizona execution lasts two hours as killer Joseph Wood left 'snorting and gasping' for air
Malaysia Airlines MH17 crash: Ukrainian military jet was flying close to passenger plane before it was shot down, says Russian officer
Malaysia Airlines MH17 crash: Massive rise in sale of British arms to Russia
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