usiness and City in Brief
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.IRISH SOCIETY CHIEF SUSPENDED
The discovery of apparent irregularities over ownership of a Ir pounds 600,000 house have led to the suspension of the executive chairman of Irish Permanent, Ireland's largest building society.
Dr Edmund Farrell's suspension follows the discovery of certain transactions by lawyers and accountants inspecting the accounts of the building society before its expected stock market flotation later this year.
NATWEST CHANGE
National Westminster Bank has changed its minimum interest rates to commercial customers to become effective below a base rate of 5 per cent instead of 6 per cent previously.
NORTON PROBE
The Serious Fraud Office is investigating the affairs of Norton Group, the motorcycle manufacturer, after a report by the Department of Trade and Industry highlighted 'deficiencies in management'.
GM DEPARTURE
Jose Lopez de Arriortua, General Motors' purchasing vice- president hired by Jack Smith, the chief executive, to slash costs, will leave to join Volkswagen. GM had vigorously denied that he would leave.
BROWN TO MARKET
David Brown, the specialist engineering company, is coming to the stock market via an offer and placing that will value it at more than pounds 70m.
RAILWAY UPGRADE
Docklands Light Railway, controlled by the London Docklands Development Corporation, announced a pounds 30m three- year upgrading contract.
SCAN RE BUST
Gareth Hughes and Nigel Hamilton, of Ernst & Young, have been appointed provisional liquidators of Scan Re Insurance Company.
WORLD MARKETS
NEW YORK: A modest flurry of futures-led selling had lowered the Dow Jones Industrial Average 21.34 points to 3,457.00 by the close.
TOKYO: Rising for the fifth day running, the Nikkei average added 46.16 to 17,904.79.
HONG KONG: Sharp losses ahead of publication of proposed political reforms left the Hang Seng index nursing a 116.62- point fall to 6,372.37.
SYDNEY: Bullishness derived from the coming election took the All Ordinaries index up 13.7 points to close at 1,661.1.
JOHANNESBURG: With gold shares boosted by the weak commercial rand, the overall index put on 20 points to 3,439.
FRANKFURT: Strong interest was shown in financial issues as the DAX gained 7.72 to 1,717.4.
PARIS: A light bout of profit- taking set in early in the day and sent the CAC-40 index down 3.48 points to 1,988.94.
MILAN: Prices edged higher in technical trade. The MIB firmed 0.79 per cent to 1,150.
LONDON: Report, page 33.
Join our commenting forum
Join thought-provoking conversations, follow other Independent readers and see their replies
Comments