Business and City Summary

CITICORP SCRUTINY

Citicorp, the biggest bank in the US, has agreed to closer scrutiny by banking regulators, reflecting concern over its capital and assets.

CAR SALES

Used car sales on finance rose by 6.3 per cent during July, compared with the same month last year. Sales of new cars on finance fell by 5.4 per cent.

TODAY: 17.8.92

CBI survey of distributive trades (July).

Interims: Alliance Trust, Argos, Plasmec.

Finals: Heath (Samuel) & Sons.

TOMORROW: 18.8.92

UK acquisitions and mergers (2nd qtr); public sector borrowing requirement (July); quarterly analysis of unemployment by age and duration (July).

Interims: BICC, Bedford, Brabrant Resources, Burlington Grp, CSC Investment Trust, City Centre Restaurants, Fleming Mercantile (2nd qtr), Hickson International, Inch Kenneth Kajang Rubber, Lowe (Robert H), Micro Focus, Pifco, Quicks Grp, Sedgwick.

Finals: Gold Fields of South Africa, Impala Platinum.

WEDNESDAY: 19.8.92

Retail sales (July); gross domestic product (2nd qtr - provisional estimate).

Interims: BPP Hldgs, Bredero Properties, Britannic Assurance, City Merchants High Inc Trust, Dunedin Income Growth, Ingham, M&G Income Inv Trust, Marley, Rosebys, Victaulic.

Finals: De Morgan Grp, Genbel Invs, Hambro Currency Fund, Jos Hldgs, McKay Securities.

THURSDAY: 20.8.92

Capital expenditure by manufacturing industries (2nd qtr - prov); major British banking groups' monthly statement (July); provisional estimates of monetary aggregates (July); manufacturers' and distributors' stocks (2nd qtr - prov).

Interims: Clarke, Dawson, Expamet, Invergordon Dstllrs, Kode Int, Lec Refrigeration, McAlpine (Alfred), Rentokil, Shorco, Willis Corroon, Wyevale Garden Centre.

Finals: Bellwinch, EIT Grp.

FRIDAY: 21.8.92

National accounts advance annual estimates (1991).

Interims: Fulcrum Inv Tst, New Zealand Inv Tst (3rd qtr).

Finals: Levercrest.