Saturday 21 December 1996
French industrial production fell sharply in October for the second month in a row, providing further evidence that the economy was set to end the year on a weak note, official figures showed. Industrial production, excluding energy, dropped 0.8 per cent in October from September. Manufacturing output, which excludes energy, agri-food businesses and construction, fell 1.2 per cent month-on-month.
Offer, the electricity industry regulator, will reduce the Fossil Fuel Levy from 3.7 to 2.2 per cent from 1 April. The new rate should be sufficient to cover renewable energy commitments and the payments due to the non-privatised part of the nuclear industry, it said. Following the flotation of British Energy, the levy in respect of nuclear commitments will cease from 1 April 1998.
Premier Farnell has conditionally agreed to sell Farnell Electronic Services, its volume electronic components distribution business, to Arrow Electronics of the US for $300m (pounds 180m) cash.
Ofgas, the industry regulator, warned that there may be greater interruptions for the larger of British Gas's TransCo customers this winter. Ofgas said in a statement that British Gas TransCo had suggested that with the construction of new power stations, which burn large amounts of gas, and some delays in planned production, the demand for gas might outstrip supply, leading to increased interruptions for larger customers.
- 1 British tourists 'murdered' in Thailand: Pair's bloodied bodies found naked on Koh Tao beach
- 2 Vivienne Westwood says 'Yes' to Scottish Independence by declaring: 'I hate England'
- 3 Welcome to Cameroon, where drinking Baileys can lead to imprisonment
- 4 Lego breaks out of the toy box and heads for the gallery
- 5 Vogue under fire for 'Big Booty' article
British tourists 'murdered' in Thailand: Pair's bloodied bodies found naked on Koh Tao beach
Jihadi John': MI5 may have identified Isis militant who killed David Haines but options limited
Vivienne Westwood says 'Yes' to Scottish Independence by declaring: 'I hate England'
David Haines beheading: David Cameron says Britain will hunt down Isis 'monsters' shown in video murdering aid worker
Piers Morgan attempts to save the Union by promising to go back to the US if Scotland votes 'No' to independence
Daniele Watts: Django Unchained actress detained by Los Angeles police after being mistaken for a prostitute
The political class is doing what Hitler couldn’t – destroying Britain
Scottish independence: Nationalist leader Jim Sillars threatens pro-union companies with 'day of reckoning' after independence
Scottish independence: Yes campaign feels the heat as Alex Salmond's NHS claims come under furious attack
£23m Birmingham cycle scheme is attacked by Tory councillor for not catering to the elderly
Salmond accused of laughing off national debt with ‘what are they going to do: invade?’ joke
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