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.
- 2 California man brutally beat 82-year-old Sikh grandfather he mistook for 'one of those people'
- 4 Charles Kennedy 'had better judgement drunk than many sober politicians' says Ian Hislop
Amber Peat: Body found in search for missing 13-year-old who ran away after argument with her parents
California man brutally beat 82-year-old Sikh grandfather he mistook for 'one of those people'
Sepp Blatter resigns: FBI are investigating outgoing Fifa president, claims report
Alton Towers crash: Four guests seriously injured as Smiler ride carriages collide
Charles Kennedy dead: A guy once asked the Lib Dem leader who his favourite Muppet was and his letter response was wonderful
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
British tourists complain that impoverished boat migrants are making holidays 'awkward' in Kos
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
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