News

The Dow Jones suffered its biggest fall for more than six months amid market jitters about slower worldwide economic growth.

Recessionary signals boost rate hopes

DIANE COYLE

New signs of weakness as US house sales fall

DIANE COYLE

China puts the blinkers on news

TERESA POOLE

Dow Jones plunges 86 points

The Dow Jones index dived almost 86 points yesterday after a string of poor profits news and fears that attempts to balance the government budget by cutting spending will slow the economy. It was the market's fourth decline in five days, made worse by two rounds of computer-driven orders to sell stocks.

ITT and Dow Jones to buy TV channel

ITT and Dow Jones have agreed to buy television channel WNYC-TV from the City of New York for $207m (pounds 129m) cash. The companies plan to create a business and sports channel offering professional and college sports from ITT and financial and

Record $11.4bn deficit hits dollar and shares

DIANE COYLE

The party's nearly over

The party's nearly over

PEOPLE : Mayle hides from fame at the Hamptons

Toujours Long Island, Au Revoir Provence. It seems that the British author Peter Mayle has left his rustic bliss in south-west France, which he made famous with his four best-selling books, and settled in the altogether more sophisticated surroundings of the Hamptons at the east end of Long Island.

One eye on the stocks, one on the box

Charles Arthur looks at how PCs with TVs are helping City dealers to judge the Chancellor's sincerity

American fund to flee `bear market' in UK

The Z-Seven Fund, one of just two US closed-end investment trusts that specialise in London equities, is scaling back its British portfolio after spotting what it claims is an impending bear market.

MARKET REPORT Sparkling New York adds to the excitement

The FT-SE 100 jumped 38.8 to 3,050.6 and the FT-SE 250 index 16.9 to 3,332.5. Turnover was 736.8 million with 28,534 bargains.

World Markets

New York: Comments by the Federal Reserve chief on the absence of need for large interest rate increases saw the Dow Jones Average up 26.24 at 3,888.94 by early afternoon.

City & Business In Brief

PowerGen set for forecast PowerGen said it expected to announce a dividend forecast for the financial year to 2 April 1995 on 25 January. An extraordinary yesterday also approved the company's planned purchase of about 62.8 million of its own ordinary shares from the Treasury. The purchase will represent between 6.5 and 8 per cent of PowerGen.

IN BRIEF : World Markets

New York: In active trading shares moved lower, with weak bond prices again taking their toll. By early afternoon the Dow Jones Average was down 5.04 points at 3,852.27.

Market Report: S&N subject of rumours as shares recover ground

THERE were strong rumours yesterday that Scottish & Newcastle was set to pay up to pounds 200m to buy the freeholds on 320 of the 1,600 Chef & Brewer pubs it acquired last year for pounds 736m.
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Day In a Page

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Independent Travel
Pompeii, Capri & the Bay of Naples
Seven Cities of Italy
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Prague, Budapest and Vienna
Lake Garda
Minoan Crete and Santorini
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