Business Information Service: This week
Sunday 27 February 1994
Anglo-American relations are expected to thaw when John Major visits President Clinton this week. In the meantime, a batch of economic indicators should confirm the recovery on both sides of the Atlantic. In the UK, the provisional figure for February's narrow money supply is predicted to rise 0.7 per cent, showing a year-on-year lift of 5.3 per cent. HSBC Holdings, the Hong Kong banking group, will deliver pre-tax profits of pounds 2.36bn for the year.
The European Union's enlargement negotiations with Austria, Finland, Norway and Sweden, are scheduled to conclude today. The fourth quarter figures for US gross domestic product should confirm a 5.9 per cent rise on the year. Full-year profits at Abbey National will rise to pounds 685m from pounds 564m the previous year. General Accident, the insurance company, is expected to unveil a turnaround, from losses of pounds 29m to profits of pounds 273m, as hardening rates improve results in the sector.
The Treasury will release its monthly monetary report. Profits at GKN, currently in the throes of an unwelcome bid for Westland, will be down to pounds 97m, three-quarters of the pounds 127m it made last year.
The Bundesbank will hold a council meeting in Frankfurt. Zeneca, the demerged drug company, will deliver profits of pounds 625m for the year.
January's final money supply figures should show a 0.2 per cent rise in the broad money supply, with a pounds 200m increase in lending for the month. Cookson Group, the speciality chemicals manufacturer, is expected to produce profits of about pounds 92m.
Sources: NatWest Securities, MMS International
- 2 California man brutally beat 82-year-old Sikh grandfather he mistook for 'one of those people'
- 3 School kitchen manager 'fired from Colorado school for giving hungry students free lunches'
- 4 Amy Schumer: 'I'm 160lbs and can catch a d**k any time I want'
- 5 Isis executes three gay men by dangling them from top of 100ft building and letting go
Amber Peat: Body found in search for missing 13-year-old who left house after argument with her parents
School kitchen manager 'fired from Colorado school for giving hungry students free lunches'
Amy Schumer: 'I'm 160lbs and can catch a d**k any time I want'
Isis executes three gay men by dangling them from top of 100ft building and letting go
Alton Towers crash: Four guests seriously injured as Smiler ride carriages collide
Thousands of teenage girls enduring debilitating illnesses after routine school cancer vaccination
Migrants in Kos: Photos show real tragedy after Brits abroad complain of 'awkward' holidays
Michael Gove determined to scrap the Human Rights Act – even if Scotland retains it
Threat to scrap Human Rights Act could see UK follow Nazi example, warns UN official
Church of England 'one generation away from extinction' after dramatic loss of followers
Russian 'aggression' sees Poland rearm its military as minister warns: 'We must be ready'
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