Business and City Summary

Click to follow
The Independent Online
Businesses call for more nuclear sites

Two-thirds of managing directors surveyed by the British Nuclear Forum said they believed more nuclear power stations should be built. A parallel survey of Tory MPs found 85 per cent in favour, said the forum, which published the results ahead of a new effort by Nuclear Electric this week to persuade the Government to allow early privatisation of the industry.

Barlow Clowes deal

Midland Bank, Touche Ross and others being sued by the Government for their roles in the Barlow Clowes affair are said to be negotiating an out-of-court settlement of up to pounds 45m.

Iran oil return

An oil group owned by the wealthy Hinduja brothers, Gulf Oil Trading Company, has become the first foreign oil company to be allowed back into Iran. The brothers, four Indian businessmen with substantial British interests, also said yesterday they had won a Swiss banking licence for their Geneva company, Amas SA.


Interim results: Brooke Tool Engineering, Electra Investment Trust, Electronic Data Processing, Johnson & Firth Brown, Trio Holdings.

Finals: British Steel, Craig & Rose, Critchley Group, East Midlands Electricity, Essex & Suffolk Water, Fletcher King, Filofax, Phoenix Timber, Pilot Investment Trust, Renold, Suffolk Water, Templeton Emerging Markets.

Economics: Building societies' figures for May. Provisional estimates of M4 and counterparts for May. British banking groups' monthly statement.


Interims: Aukett Associates, City Site Estates, Eurotherm, LPA Industries, London & Clydeside, Polar, Quality Care Homes, Watson & Philip.

Finals: China Investment Trust, Hazlewood Foods, IWP International, Manweb, Sterling Industries, Total Systems, Wessex Water.

Economics: May balance of trade with countries outside the EU. First-quarter cross-border acquisitions and mergers.


Interims: First Leisure, Golden Hope Plantations, Hardys & Hansons, YJ Lovell, Second Consolidated, West Trust.

Finals: Allen, Amber Industrial, BTP, Carpetright, Dartmoor Investment Trust, Dunlop Plantations, ERF Holdings, Kewill Systems, King & Shaxson, Shanks & McEwan, Smith St Aubyn, Wagon Industrial.

Economics: First-quarter institutional investment. First- quarter international banking statistics.


Interims: Clyde Blowers, TSB Group, Windsor.

Finals: Albrighton, Caledonia Investments, Courts, GEI International, JLI Group, M&G Second Dual Trust, Norbain, Rothmans International, Sharelink Investment Services, Southern Electric.

Economics: Engineering sales and orders for April at current and constant prices. First-quarter earnings and hours of agricultural and horticultural workers. Price of agricultural land in Wales for the first quarter.


Interims: Fidelity Japan OTC & Regional Markets Fund, Schroder Split Fund.

Finals: Azlan Group, Christie Group, Crane Europe, Electric & General Investments, MMI, Arthur Shaw & Co, Stoddard Sekers International, Vistec.

Economics: CBI monthly trends survey for June. First- quarter national accounts, UK balance of payments, capital expenditure, stocks and work in progress.