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.
Britain First criticised for using actress's memory to draw attention to their 'hate-filled home page'
Thought you'd seen it all after the Jeremy Paxman interview?
Emergency call 'started off dumb, but got pretty serious'
Greatest mystery about the hit BBC1 show is how it continues to be made at all, writes Grace Dent
"History is violent," says the US Army tank commander Don "Wardaddy" Collier
- 1 This 'woman calls police to order pizza' story isn't going where you're expecting
- 2 Axe wielding man shot dead after attacking four New York policemen on busy street
- 3 Watch what happened when food critics were unknowingly served McDonald's
- 4 Jimmy Carr's Oscar Pistorius joke goes a bit too far at the Q Awards
- 5 Ottawa shootings: Bruce MacKinnon's cartoon is the perfect tribute to soldier Nathan Cirillo
Renee Zellweger on plastic surgery rumours: 'I'm living a more fulfilling life and I'm thrilled that perhaps it shows'
This 'woman calls police to order pizza' story isn't going where you're expecting
FCKH8: YouTube reinstates provocative anti-sexism video showing young girls swearing
Axe wielding man shot dead after attacking four New York policemen on busy street
Diwali: What is the festival of lights – and how is it celebrated around the world?
Of course, teenage girls need role models – but not like beauty vlogger Zoella
Cameron is warned 'no possibility' of UK reducing immigration and that bid to bring in quota on migrant workers would be illegal
Support for EU membership 'at highest level since 1991' with most Brits wanting to stay 'in'
Thousands with degenerative conditions classified as 'fit to work in future' – despite no possibility of improvement
Residents should throw a street party and mix with immigrant neighbours, councils told
Attacks on 'Ukip Calypso' show how skewed people’s priorities are
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