Business Information Service: This Week
Sunday 20 December 1992
TUESDAY: Estimates of the current account deficit range from pounds 1.3bn to pounds 1.6bn - a sharp widening of the trade deficit as the decline in exports outstrips the fall in imports.
SUNDAY: John Major hailed the Edinburgh summit of EC leaders as 'the summit that would put the Community back together'. He pledged to complete ratification of the treaty 'hard on the heels' of the second Danish vote.
MONDAY: British Airways' purchase of Dan-Air is to be scrutinised by the European Commission.
Fisons sold its UK consumer healthcare business to Hoffman-La Roche for pounds 90m.
TUESDAY: IBM announced it would shed 25,000 jobs next year, resulting in a dollars 6bn ( pounds 3.9bn) charge against fourth- quarter earnings. It came on top of the dollars 5.4bn charges already planned this year.
The simmering disagreement between Transmanche Link and Eurotunnel resurfaced. TML claimed that Eurotunnel's pounds 1.2bn offer in settlement of the cost overrun on fixed equipment and fitting-out of the tunnel was inadequate.
Shares in Wace, the pre- press and specialist printing group, fell by 33 per cent to 52p after the company issued a profit warning and declared a pounds 37m property write-down.
The Bank of France and the Bundesbank intervened to support the French franc.
WEDNESDAY: Seeboard announced a 53 per cent rise in pre-tax earnings and a 14 per cent dividend increase. Northern Electric's interim pre-tax profit increase was 52 per cent.
Owners Abroad, the UK's second largest travel operator, linked up with Thomas Cook Group and its German parent, LTU Group.
Pressure on the French franc forced France's main commercial banks to raise their base rates to 10 per cent, up more than half a percentage point.
THURSDAY: Barclays said it was writing off pounds 240m owed by Imry, the property group.
British Airways acquired a 25 per cent stake in Qantas, the Australian airline, for pounds 291m.
Robert Horton, chairman and chief executive of BP until June, joined British Rail as non- executive vice-chairman.
British manufacturers reported a slight improvement in orders but unemployment reached 2.91 million.
FRIDAY: Asda, the supermarket group, turned a pounds 68m loss into profits of pounds 58m and Tesco paid pounds 150m for a chain of food stores in northern France.
Depressed figures for bank and building society lending in November were ignored by the stock market, where nearly pounds 11bn was added to the value of London shares.
- 1 The political parties aren't all the same – which means 2015 will be a 'big-choice' election
- 2 President of Argentina adopts Jewish godson to 'stop him turning into a werewolf'
- 3 ALS ice bucket challenge co-founder Corey Griffin drowns, aged 27
- 4 The 'Black Museum': After 150 years, public set to see exhibits from police’s grisly crime museum
President of Argentina adopts Jewish godson to 'stop him turning into a werewolf'
Exclusive: Abusers using spyware apps to monitor partners reaches 'epidemic proportions'
ALS ice bucket challenge co-founder Corey Griffin drowns, aged 27
UK weather: Warning for more snow and ice as freezing temperatures and gales hit Britain
Three killed at South Korean nuclear reactor days after hackers target country's atomic agency
British actor Idris Elba cannot star as James Bond because he is black, says shock jock Rush Limbaugh
Germany anti-Islam protests: 17,000 march on Dresden against 'Islamification of the West'
Ukip member gets into Christmas spirit with Union Flag plea to Santa 'for our country back'
Immigrants make UK racist, says Ukip councillor Trevor Shonk
BBC director Danny Cohen: Rising UK antisemitism makes me feel more uncomfortable than ever
Katie Hopkins speaks out on childhood obesity: 'Parents of fat children should be prosecuted for child cruelty'
iJobs Money & Business
Not specified: Selby Jennings: VP/SVP Credit Quant Top tier investment bank i...
Not specified: Selby Jennings: Quantitative Research | Global Equity | New Yor...
Not specified: Selby Jennings: SVP Model Validation This top tiered investment...
Highly Competitive: Selby Jennings: Our client, a leading European Oil trading...