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.
Long after his career in English football has ended, Emile Heskey's impotency in front of goal remains an object of ridicule.
- 1 Stamford Hill council removes 'unacceptable' posters telling women which side of the road to walk down
- 2 Kim Kardashian 'nude pictures' leaked on 4chan weeks after Jennifer Lawrence 'The Fappening' scandal
- 3 Scottish referendum 'English question': Tory MPs call on David Cameron to create an English first minister in wake of No vote
- 4 Iranian blogger found guilty of insulting Prophet Mohammad on Facebook sentenced to death
- 5 Free U2 album: How the most generous giveaway in music history turned into a PR disaster
Stamford Hill council removes 'unacceptable' posters telling women which side of the road to walk down
Kim Kardashian 'nude pictures' leaked on 4chan weeks after Jennifer Lawrence 'The Fappening' scandal
Iranian blogger found guilty of insulting Prophet Mohammad on Facebook sentenced to death
Hitler’s former food taster reveals the horrors of the Wolf’s Lair
Jennifer Lawrence 'naked sex video' will be leaked next, threatens 4Chan celebrity photo hacker
Scottish independence referendum: A nation divided against itself
Scottish referendum results: Cross-party consensus collapses amid Tory-Labour spat on the 'English question'
Scottish independence: David Cameron is becoming the 'George Bush of Britain'
Russia freezes Ukraine into submission: Kiev admits country doesn't have enough fuel for winter
Archbishop of Canterbury admits doubts about existence of God
Plebgate MP Andrew Mitchell called officer a 'little s**t', claim court documents 'exposing ex-Chief Whip's 'record of abusing police'
iJobs Money & Business
£400 - £450 Per Day: Clearwater People Solutions Ltd: **URGENT CONTRACT ROLE**...
Up to £100k or £450p/d: Saxton Leigh: My client is a leading commodities tradi...
£320 - £330 per day: Ashdown Group: The Ashdown Group have been engaged by a l...
To £75,000 + Pension + Benefits + Bonus: Saxton Leigh: My client is looking f...