Business and City: Summary

BA CUTS BUSINESS FARES TO EUROPE

British Airways has shaved up to 25 per cent off its club class fares on European routes without insisting on pre-set booking times.

Between now and the end of June the fare from Heathrow or Gatwick to Paris is pounds 240, saving pounds 78. Other savings are on routes from Birmingham, Manchester, Glasgow and Edinburgh to Paris; to Amsterdam from London and Manchester; and to Helsinki. BA is also starting a non-stop, once weekly, flight from London to Peking.

US QUOTE FOR ETHICAL

Ethical Holdings, a Cambridgeshire pharmaceuticals company that develops drug delivery technologies, has raised dollars 15m with a placing on the US Nasdaq exchange.

FKI SELLS FOR dollars 10m

Engineer FKI has sold its Doerner Chair Control division of Canada to Indiana based Northfield Metal Products for dollars 10m ( pounds 6.6m).

FEWER BUYOUT DEALS

Management buyouts are happening at the slowest rate for two years, according to the accountants KPMG Peat Marwick McLintock. There were just seven deals over pounds 10m in the first three months of the year, worth a total of pounds 390m, compared to 16 deals worth pounds 640m in the same period last year.

TODAY: 5.4.93

First estimate for February of UK cyclical economic indicators; February credit business; London sterling certificates of deposit for April; February monetary statistics M4 and M0; February bill turnover statistics; sterling commercial paper for February; February money market statistics.

Interims: Highland Distilleries, Wescol Group

Finals: Densitron Intl, Dinkie Heel, Dolphin Packaging, Home Counties Newspapers, International Food Machinery, Lamont Holdings, London and Manchester, MB-Caradon, Mirror Group Newspapers, Morgan Crucible, North British Canadian, Roskel, Scottish Television, Thompson Clive Investments, T&S Stores.

TOMORROW: 6.4.93

New vehicle registrations; wholesale trade statistics for February.

Interims: Manchester United, TIP Europe.

Finals: Aegis Grp, Aran Energy, Baillie Gifford Technology, City Centre Restaurants, Epwin Grp, FBD Holdings, Frost Grp, Independent Newspapers, International Business Communications, Ipeco, Metsec, Norish, Scottish Heritable Trust, Tesco, Torday & Carlisle, United Friendly Grp, James Wilkes.

WEDNESDAY: 7.4.93

February advance energy statistics.

Interims: Black & Edgington, Wardle Storeys.

Finals: Brammer, Dagenham Motors, Dewhirst Grp, Drayton Korea Trust, Hewden Stuart, Higgs & Hill, Hunting, Martin Intl Holdings, Nurdin & Peacock, OIS International Inspection, Queens Moat Houses, Savoy Hotel, Second Market Investments, Sherwood Group, Stylo, Wilson Connolly Holdings.

THURSDAY: 8.4.93

Details of employment, unemployment, earnings, producer prices.

Interims: A Beckman, Dowding & Mills.

Finals: Bilton, Carlisle Grp, Chepstow Racecourse, F&C Pacific Inv Trust, Magnolia Group, Ross Grp, Sentry Farming, Sun Alliance.

GOOD FRIDAY: Bank Holiday