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Business and City Summary

Sunday 25 July 1993 23:02 BST
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MPs to attack Maxwell costs

The pounds 100m fees of accountants and lawyers for unwinding the Maxwell empire are to be attacked today in a report by the Commons social security committee.

The report is also expected to criticise sharply one of the insolvency specialists involved, Buchler Phillips, which was hired by Mirror Group Newspapers to recover money for pensioners from the personal estate of Robert Maxwell.

Putting the boot in

Football clubs could be pushed to the brink of bankruptcy unless they sort out their tax affairs, according to a report today. Touche Ross says the Inland Revenue has embarked on a comprehensive review of clubs' tax affairs.

City airport boost

The new Limehouse Link has boosted passenger figures for London City Airport. In six weeks following its opening on 17 May, 54,942 passengers flew from or to the airport, 20 per cent up on 1992.

Reuters buyback?

City speculation is mounting that Reuters will use its interim figures tomorrow to announce that it will spend at least pounds 400m of its cash mountain by buying back its own shares or distributing the cash to shareholders.

TODAY

Interims: Capita, EFM Java Tst, Motor World, Shandwick, Specialeyes, Union Discount. Finals: CRT Gp, Independent Investment, Merrydown, TR Smaller Companies Inv Tst.

Annual meetings: Bristol Water, CSR, Delaney, Hewetson, Powerscreen Intl, Shanks & McEwan.

Emergency meetings: Asda Property Hldgs, Rubicon, Select Appointments.

TOMORROW

CBI industrial trends (third quarter).

Interims: Allied Textile, Data General (third quarter), Hotspur Invs, Inveresk, Reuters, RPS, St Modwen Properties, Scottish Natl Tst (third quarter), Temple Bar Inv Tst, Updown Investment.

Finals: Arlen, John Lusty, Menvier-Swain, Murray Smaller Markets Tst, Stagecoach.

Annual meetings: Amber Industrial Hldgs, Anglo United, Chloride, Ferranti Intl, Fosters, Hambros, Kitty Little, Lowndes Lambert, Monks Inv Tst, Sterling Industries, Thames Water, TR Property Inv Tst.

Emergency meeting: Clayform Properties

WEDNESDAY

Mortgage repossessions (second quarter), arrears and repossessions (Jan-June), bricks and cement production (second quarter).

Interims: BAT Industries, British Telecom (first quarter), Continental Assets Tst, Corporate Services, Lloyds Abbey Life, Sphere Inv Tst, Thornton Asian Emerging.

Finals: Sidney C Banks, Clayhithe, J&J Dyson, Excalibur, Goode Durrant, David S Smith (Hldgs), Grosvenor Inns, Platignum.

Annual meetings: 3i Group, 600 Group, Andrew Sykes, Anglian Water, Cakebread Robey, Cape, CML Microsystems, Marshalls, National Power, Scottish Power, Severn Trent, Stavely Industries, Stirling.

Emergency meeting: LIT Hldgs.

THURSDAY

UK energy statistics 1993, energy trends (Apr).

Interims: Allied Radio, Drayton Far Eastern Tst (div), European Assets Tst, Fairway, Freeman, Hafslund Nycomed, Lincoln House, LWT (Hldgs), Standard Platforms (2nd int.), Zeneca.

Finals: London Merchant Securities, Misys, William Ransom & Son, Unitech, John Waddington.

Annual meetings: AAH Hldgs, Asprey, British Telecom, BSS, A F Bulgin, Camellia, Philip Harris, Lazard Select Inv Tst, Manweb, Oxford Instruments, Renold, Scottish Hydro-electric, Umeco, Volex.

Emergency meetings: Britton, Morris Ashby, Vinten.

FRIDAY

Economic trends (July), digest of statistics (July), new vehicle registrations (June).

Interims: Castle Cairn Inv Tst, First National Finance, Inoco, Lloyds Bank.

Finals: Oceonics, Radiant Metal Finishing, Seet.

Annual meetings: BPB Industries, Cater Allen, Chamberlin & Hill, Cheam, James Crean, Portsmouth & Sunderland, Rothmans Intl.

Emergency meetings: Crestacare , Headlam, Raglan Property.

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