Business and City Summary
Your support helps us to tell the story
From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.
At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.
The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.
Your support makes all the difference.VICKERS LOSES UAE TANK DEAL
France's state-owned GIAT Industries has won a dollars 3.5bn ( pounds 2.5bn) order from the United Arab Emirates for nearly 400 Leclerc battle tanks, beating competition for the contract from the Challenger 2 made by Vickers of the UK and the Abrams M1A2 made by General Dynamics of the US.
LEISURE FLOAT
David Lloyd, the former tennis player, will float his leisure company next month via a placing and offer for sale. The float, raising pounds 10m of new money, will value the company at pounds 50m-plus.
TRAFALGAR RIGHTS
More than 40 per cent of last week's pounds 205m rights issue by Trafalgar House has been underwritten by Swiss Bank Corporation, which has an option to sell its shares on to Hongkong Land.
UAE GOES FRENCH
(First Edition)
The United Arab Emirates has opted to buy French tanks instead of Vickers' Challenger 2.
TODAY 15.2.93:
EC finance ministers meet in Brussels; US markets closed.
Interims: Dalgety; GT Chile Growth Fund; Korea Europe Fund; Midwynd International Investment Trust; Second Alliance Trust.
Finals: Aminex; Baring Tribune Investment Trust.
TOMORROW 16.2.93
CBI survey of distributive trades (Jan); UK acquisitions and mergers (Q4); public sector borrowing requirement (Jan); index of production (Dec); financing of central government borrowing requirement (Q4).
Interims: Hanson (Q1); Howard Holdings; Impala Platinum Holdings.
Finals: British Airways (Q3); County Smaller Companies Investment Trust; Foster's Brewing; St Modwen Properties; TR Pacific Investment Trust; Temple Bar Investment Trust.
WEDNESDAY 17.2.93:
Retail sales (Jan).
Interims: Fletcher Challenge; Latin American Capital Trust; New Zealand Investment Trust; North American Gas Investments.
Finals: Mersey Docks & Harbour; Vardon.
THURSDAY 18.2.93:
US State of the Union address; Bundesbank council meeting; unemployment and unfilled vacancies (Dec); average earnings indices (Nov); employment, hours, productivity and unit wage costs; industrial disputes; provisional estimates of monetary aggregates (Jan); building societies monthly figures (Jan); provisional figures of vehicle production (Jan).
Interims: Alumasc Group; Glaxo Holdings; SWP Group.
Finals: Leslie Wise Group.
FRIDAY 19.2.93:
Manufacturers and distributors stocks (Q4).
Finals: Amicable Smaller; Fidelity European Values; Foreign & Colonial.
Join our commenting forum
Join thought-provoking conversations, follow other Independent readers and see their replies
Comments