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CORRECTED - MAJOR SWISS BANKS RAISE CUSTOMER TIME DEPOSIT RATES 1/4 POINT TO 3-1/4 PCT - CREDIT SUISSE
| |
FISONS SEES STRONG INTERNATIONAL GROWTH IN 1986 | Fisons Plc <FISN.L> said strong
international growth had been the main feature of the group's
1986 progress, with the pharmaceutical division reporting a 50
pct increase in U.S. Sales during the period.
The rise was due to a sustained marketing programme, a
larger sales force and the introduction of an aerosol form... |
PHILIPPINE PLANNING CHIEF URGES PESO DEVALUATION | The Philippines must devalue the peso if
it wants its exports to remain competitive, Economic Planning
Secretary Solita Monsod told Reuters.
"The peso/dollar rate has to be undercut to make our exports
more competitive," Monsod said an interview. "No question about
it. I'm saying you cannot argue with success. Taiw... |
U.K. CLEARS CONS GOLD U.S. PURCHASE | The U.K. Trade Department said it would
not refer Consolidated Goldfields Plc's <CGLD.L> purchase of
<American Aggregates Corp> to the Monopolies Commission.
Cons Gold said last month that its <ARC America Corp> unit
had agreed to buy the Ohio-based company for 30.625 dlrs a
share cash, or 242 mln dlrs, in a deal r... |
NEDERLANDSE GASUNIE ISSUES 100 MLN DLR EUROBOND | NV Nederlandse Gasunie is issuing a 100
mln dlr eurobond due April 15, 1992 paying 7-1/4 pct and priced
at 101-1/8 pct, lead manager Citicorp Investment Bank Ltd said.
The non-callable bond is available in denominations of
5,000 dlrs and will be listed in Luxembourg. The selling
concession is 1-1/4 pct, while manag... |
SAAB-SCANIA ISSUES 150 MLN DLR EUROBOND | Saab-Scania AB is issuing a 150 mln dlr
eurobond due April 2, 1992 paying 7-3/4 pct and priced at
101-3/4 pct, lead manager Morgan Guaranty Ltd said.
The bond is available in denominations of 5,000 and 50,000
dlrs and will be listed in London. Payment date is April 2,
1992.
Fees comprise 1-1/4 pct selling conce... |
MERRILL MANDATED FOR IEL U.S. NOTE. | Merrill Lynch Capital Markets said it
received a mandate from Industrial Equity Ltd (IEL) of
Australia to arrange a letter of credit facility in support of
100 mln dlrs of medium term notes and U.S. Commercial paper to
be sold in the U.S. Domestic market.
Merrill, which will be the dealer for the medium term notes
... |
ZAIRE ACCEPTS TIN-EXPORT QUOTA, ATPC SAYS | Zaire agreed to limit its tin
exports to 1,736 tonnes for 12 months from March 1 in line with
an Association of Tin Producing Countries (ATPC) plan to curb
exports, the ATPC said.
ATPC Executive Director Victor Siaahan told Reuters he
received a telex from Zaire indicating its willingess to take
part in the plan to... |
JAPANESE BANKS PLAN JOINT FIRM TO AVOID DEBT RISK | Japan's major commercial banks plan to set
up a joint company to which they will transfer assets acquired
by lending to developing countries to build up a reserve
against possible bad loans, a senior official of a major bank
told Reuters.
He said about 10 banks are likely to finish details of the
project in a few w... |
JAPANESE FINANCIAL FUTURES PLAN REVEALED | The Federation of Bankers' Associations of
Japan released its proposal for early creation of a
comprehensive financial futures market in Tokyo.
The market should include a comprehensive range of futures
and options trading so Tokyo can develop into a real global
money centre where a variety of risk-hedging instrume... |
EC, EURATOM FRENCH FRANC EUROBONDS EXPECTED | The European Community (EC) and Euratom,
the European atomic energy agency, are expected to issue French
franc eurobonds this month, a Treasury spokesman said.
Other eurofranc bonds this month are likely to include
issues by a bank and a company, both unidentified, but no other
details were available. The spokesman... |
AUSTRALIAN POLICE ARREST FORMER WESTPAC CLERK | Australian police said they charged a
former currency clerk of Westpac Banking Corp <WSTP.S> with
misappropriating 8,300 dlrs in July in an alleged
foreign-exchange fraud.
A spokeswoman for the New South Wales Corporate Affairs
Commission (CAC) said the arrest was part of its investigation
stemming from complaints ... |
U.K. MONEY MARKET DEFICIT FORECAST AT 350 MLN STG | The Bank of England said it forecast a
shortage of around 350 mln stg in the money market today.
Among the main factors affecting liquidity, bills maturing
in official hands and the take-up of treasury bills will drain
some 525 mln stg while bankers' balnces below target will take
out around 175 mln stg.
Partly... |
JAPAN LIKELY TO LET U.S. BANKS DEAL SECURITIES | Japan looks likely to allow U.S. Banks to
conduct securities business here, a move that will probably
cause the barriers separating Japanese commercial banks from
brokerage houses to break down, financial analysts said.
But the timing of the approval remains uncertain, due to
conflicting domestic interests.
J.P... |
SAUDI RIYAL DEPOSIT RATES EASE | Saudi riyal interbank deposit rates
eased across the board in a dull market which was long in
day-to-day funds, dealers said.
Today's quiet market continued a lull of several days in
which traders were said to be waiting on the sidelines ahead of
further clues to the direction of oil prices and the Saudi
economy.
... |
CURRENCY SECTORS CONTINUE TO FEATURE EUROBOND TRADE | Early dollar straight eurobond trade was
quiet with currency sectors, particularly eurosterling,
continuing to perform strongly, closely reflecting current
trading patterns on the foreign exchanges, dealers said.
Eurosterling bonds continued to rise steadily, bolstered by
the extremely ebullient tone of the U.K. Go... |
FRENCH TREASURY DETAILS PLANNED TAP ISSUE | The French Treasury will issue between
eight and 12 billion francs worth of tap stock depending on
market conditions at its monthly tender on Thursday, the Bank
of France said.
The planned issue will be of two fixed-rate tranches, of
the 8.50 pct June 1997 and the 8.50 pct December 2012 stock,
and one tranche of th... |
PEMEX SIGNS 500 MLN DLR JAPAN LOAN FOR PIPELINE | Mexican state oil firm Petroleos Mexicanos
(Pemex) signed for a 500 mln dlruntied loan from the
Export-Import Bank of Japan to finance its Pacific Petroleum
Project, Pemex Japan representative Tito Ayal said.
No further details on the loan were immediately available.
Ayala told an oil seminar the project, due ... |
SUPPLIES OF U.K. INDEX-LINKED BOND EXHAUSTED | The Government broker's supplies of a 400
mln stg issue of two pct Treasury index-linked stock due 1992
were exhausted in early trading on the U.K. Government bond
market this morning, the Bank of England said.
The Bank said that the issue was no longer operating as a
tap, having been supplied at a price of 94 stg ... |
STC PLC <STCL.L> YEAR TO END-1986 | Shr profit 15.9p vs 2.25p loss
Div 3p making 4.5p vs nil
Turnover 1.93 billion stg vs 1.99 billion
Pretax profit 134.2 mln vs 11.4 mln loss
Tax 47.2 mln vs nil
Operating profit 163.0 mln vs 92.7 mln
Interest less investment income 13.8 mln vs 37.2 mln
Exceptional debit 15.0 mln vs 66.9 mln
... |
COMALCO SAYS LOWER COSTS HELPED RETURN TO PROFITS | Comalco Ltd <CMAC.S> said its return
to profit reflected reduced costs, improved primary aluminium
prices and its withdrawal from a Japanese smelter venture.
It said the earlier reported 57.1 mln dlr profit for the
year ended December 31 against a 69.13 mln dlr loss in 1985 was
also aided by lower interest rates on... |
CRA EXPECTS TO PAY FINAL DIVIDEND OF 10 CENTS | CRA Ltd <CRAA.S> said it expected to
pay a final 1986 dividend of not less than 10 cents a share
after July 1, making 13 cents forthe year against 15 in 1985.
The mining and smelting group earlier reported 1986 net
earnings rose to 138.2 mln dlrs from 87.8 mln in 1985, against
analysts' forecasts yesterday of 125 ... |
MONTEDISON UNIT ISSUES 50 MLN AUSTRALIAN DLR BOND | Montedison Finance Overseas Ltd, a unit
of Montedison SpA, is issuing a 50 mln Australian dlr eurobond
due April 3, 1990 paying 15-1/2 pct and priced at 101-3/8 pct,
lead manager Orion Royal Bank Ltd said.
The non-callable bond is guaranteed by the parent. The
selling concession is one pct while management and unde... |
SWISS CAPITAL EXPORTS RISE IN JANUARY | Swiss capital exports rose to 4.64
billion francs in January after 2.54 billion in December and a
year earlier 3.64 billion, the Swiss National Bank said.
New bond issues accounted for 4.12 billion of the total
after December's 2.15 billion, and credits 525.1 mln after
389.9 mln.
In January 1985, before the Nat... |
CHINA CALLS FOR BETTER TRADE DEAL WITH U.S. | China called on the United States to
remove curbs on its exports, to give it favourable trading
status and ease restrictions on exports of high technology.
But the U.S. Embassy replied that Chinese figures showing
13 years of trade deficits with the U.S. Out of the last 15 are
inaccurate and said Peking itself woul... |
NO BUNDESBANK POLICY CHANGES EXPECTED THURSDAY | The Bundesbank is unlikely to change
its credit policies at its central bank council meeting on
Thursday, as exchange rates and short-term interest rates have
stabilized over the past few weeks, money market dealers said.
Attention in the money market is focused on tomorrow's
tender for a securities repurchase pact... |
TAIWAN BANKS ASKED TO TAKE PART IN INDONESIA LOAN | Chase Manhattan Asia Ltd of Hong Kong has
approached Taiwan banks to take part in a syndicated loan of
300 mln U.S. Dlrs to finance a liquefied natural gas (LNG)
project in Indonesia, local banking sources said.
The project calls for construction of a 400 mln U.S. Dlr
facility which could produce two mln tonnes of ... |
COUNCIL OF EUROPE ISSUES LUXEMBOURG FRANC BOND | The Council of Europe is issuing a
125 mln luxembourg franc private placement bond carrying a
7-1/4 pct coupon and priced at par, lead manager Banque
Internationale a Luxembourg SA (BIL) said.
The non-callable, bullet issue maturing in August 1992
follows an earlier private placement bond announced last month
for 2... |
ITALY CONSUMER PRICES RISE 0.4 PCT IN FEBRUARY | Italy's consumer price index rose 0.4 pct
in February compared with January after rising 0.6 pct in
January over December, the national statistics institute
(Istat) said.
The year-on-year rise in February was 4.2 pct down from 4.5
pct in January and compared with 7.6 pct in February 1986.
Istat said its consume... |
MOBIL PLAN TO OPEN PEKING OFFICE, CHINA DAILY SAYS | Mobil Corp <MOB.N> of the U.S. Plans to
open an office in Peking to develop oil exploration
opportunities in China, the China Daily said.
It quoted Mobil president Richard Tucker, currently in
Peking, as saying he is optimistic about investment prospects
in China and that Peking will continue to encourage foreign
p... |
EC ISSUES 600 MLN FRENCH FRANC EUROBOND | The European Community (EC) is issuing a
600 mln franc 8-3/4 pct bond due April 7, 1997, at 99-1/2 pct,
lead manager Banque Nationale de Paris said.
Fees total two pct, with 1-3/8 pct for selling and 5/8 pct
for management and underwriting combined.
Payment date is April 7, denominations are of 10,000 and
50,00... |
KLM TO TAKE 15 PCT STAKE IN AIR UK | KLM Royal Dutch Airlines <KLM.A> said
it agreed to take a 15 pct stake in Air U.K. Ltd, a subsidiary
of British and Commonwealth Shipping Plc <BCOM.L>, in a
transaction worth around two mln stg.
A KLM spokesman said KLM already cooperated closely with Air
UK, which runs 111 flights a week to Amsterdam's Schipol
airp... |
AIRBUS SIGNS ONE BILLION DLR JAPANESE CONTRACT | The European <Airbus Industrie> consortium
has signed a one billion dlr contract to sell 10 A320
short-haul jets to <All Nippon Airways> of Japan, with an
option on the sale of a further 10 planes, an Airbus spokesman
said today.
The 10 planes on firm order will be delivered between
September, 1990 and November, 19... |
FRENCH BOND COMMITTEE APPROVES THREE ISSUES | The French domestic bond issuing committee
said it has approved three new issues totalling 1.8 billion
francs.
Credit Lyonnais will lead manage a 1.2 billion franc issue
for the Caisse Centrale de Credit Cooperatif. Banque Francaise
de l'Agriculture will lead, with Union de Garantie et de
Placement, a 300 mln fran... |
DEGUSSA COMBINES PHARMACEUTICAL INTERESTS | Degussa AG <DGSG.F> is combining its
foreign and domestic pharmaceutical activities into the
Frankfurt-based <Asta Pharma AG>, so as to promote its business
in that sector, the company said.
Group consolidated turnover in Degussa's pharmaceuticals
sector rose to 380 mln marks in 1985/86 to September 30 from
377 mln... |
U.K. RESERVES SHOW UNDERLYING RISE IN FEBRUARY | Britain's gold and currency reserves
showed an underlying rise of 287 mln dlrs in February, after a
72 mln dlrs rise in January, the Treasury said.
The underlying trend, which is a guide to Bank of England
operations to support the pound on foreign exchanges, is net of
borrowings and repayments.
This was above ... |
COMALCO SAYS LOWER COSTS HELP RETURN TO PROFITS | Comalco Ltd said its return to profit
reflected reduced costs, improved primary aluminium prices and
its withdrawal from a Japanese smelter venture.
It said the earlier reported 57.1 mln dlr profit for the
year ended December 31 against a 69.13 mln dlr loss in 1985 was
also aided by lower interest rates on U.S. Dol... |
ULTRAMAR SELLS U.K. MARKETING UNITS FOR 50 MLN STG | Ultramar Plc <UMAR.L> said it had reached
agreement in principle to sell its wholly owned U.K. Marketing
companies to Kuwait Petroleum Corp for around 50 mln stg.
Ultramar's marketing units include <Ultramar Golden Eagle
Ltd> which in 1985 made a profit of around 1.4 mln stg before
financing and group administratio... |
HONG KONG M3 RISES 2.2 PCT IN JANUARY | Hong Kong's broadly defined M3 money
supply rose 2.2 pct to 607.17 billion H.K. Dlrs in January,
after a 3.1 pct rise in December, for a year-on-year rise of
23.3 pct, the government said in a statement.
Local currency M3 rose 3.6 pct to 280.36 billion dlrs from
December when it was up 3.4 pct from November, for a ... |
WOOLWORTH, UNDERWOODS FAIL TO AGREE ON BID | <Underwoods Plc> said it had not been
possible to agree terms on a bid to be made by Woolworth
Holdings Plc <WLUK.L> during talks.
The two companies had been holding exploratory discussions.
No spokesman for either company was immediately available to
say why terms could not be agreed, nor whether the possibility
o... |
NO BUNDESBANK POLICY CHANGES EXPECTED THURSDAY | The Bundesbank is unlikely to change
its credit policies at its central bank council meeting on
Thursday, as exchange rates and short-term interest rates have
stabilized over the past few weeks, money market dealers said.
Attention in the money market is focused on tomorrow's
tender for a securities repurchase pact... |
U.K. MONEY MARKET SHORTAGE FORECAST REVISED UP | The Bank of England said it revised up
its forecast of the shortage in the money market today to
around 500 mln stg from its initial estimate of 350 mln.
REUTER
|
PAKISTAN TO RETENDER FOR RBD PALM OIL TOMORROW | Pakistan will retender for 6,000 tonnes
of refined bleached deodorised palm oil for second half March
shipment tomorrow, after failing to take up offers today, palm
oil traders said.
REUTER
|
MOBIL PLANS TO OPEN OFFICE IN PEKING | Mobil Oil Corp of U.S. Plans to open an
office in Peking to develop oil exploration opportunities in
China, the China Daily said.
It quoted Mobil president Richard Tucker, currently in
Peking, as saying he is optimistic about investment prospects
in China and that Peking will continue to encourage foreign
private ... |
MERRILL MANDATED FOR IEL U.S. NOTE. | Merrill Lynch Capital Markets said it
received a mandate from Industrial Equity Ltd (IEL) of
Australia to arrange a letter of credit facility in support of
100 mln dlrs of medium term notes and U.S. Commercial paper to
be sold in the U.S. Domestic market.
Merrill, which will be the dealer for the medium term notes
... |
EC, EURATOM FRENCH FRANC EUROBONDS EXPECTED | The European Community (EC) and Euratom,
the European atomic energy agency, are expected to issue French
franc eurobonds this month, a Treasury spokesman said.
Other eurofranc bonds this month are likely to include
issues by a bank and a company, both unidentified, but no other
details were available. The spokesman... |
AUSTRALIAN POLICE ARREST FORMER WESTPAC CLERK | Australian police said they charged a
former currency clerk of Westpac Banking Corp <WSTP.S> with
misappropriating 8,300 dlrs in July in an alleged
foreign-exchange fraud.
A spokeswoman for the New South Wales Corporate Affairs
Commission (CAC) said the arrest was part of its investigation
stemming from complaints ... |
Unilever Plc and Nv combined 1986 pre-tax profit 1.14 billion stg vs 953 mln.
| |
GERMAN BANKS SEEK GREATER BRAZIL LINK WITH IMF | West German banks would like Brazil to work
more closely with the International Monetary Fund (IMF) with a
view to seeking a solution to the country's debt problems,
senior West German banking sources said.
The sources, speaking ahead of a meeting later today
between Brazilian Finance Minister Dilson Funaro and his... |
AQUINO ANNOUNCES LAND REFORM PLANS | President Corazon Aquino announced
government plans to devote to land reform an estimated 24
billion pesos (about one billion U.S. Dlrs) raised from the
sale of failed businesses taken over by the government.
Aquino said she was willing to have her family's sugar
estate broken up in compliance with Philippine land ... |
OPEC WITHIN OUTPUT CEILING, SUBROTO SAYS | Opec remains within its agreed output
ceiling of 15.8 mln barrels a day, and had expected current
fluctuations in the spot market of one or two dlrs, Indonesian
Energy Minister Subroto said.
He told reporters after meeting with President Suharto that
present weakness in the spot oil market was the result of
warmer ... |
U.K. MONEY MARKET GIVEN 24 MLN STG ASSISTANCE | The Bank of England said it provided 24
mln stg help to the money market in the morning session.
This compares with the bank's upward revised shortage
forecast of around 500 mln stg.
The central bank purchased bank bills outright comprising
two mln stg in band one at 10-7/8 pct and 22 mln stg in band
two at 10-... |
COUPON ON MITSUBISHI WARRANT BOND CUT | The coupon on the 300 mln dlr equity
warrant bond deal for Mitsubishi Estate Co Ltd has been cut to
three pct from the 3-1/4 pct initially indicated, Nikko
Securities Co (Europe) Ltd said as lead manager of the deal.
Exercise price for the warrants has been fixed at yen 2,817
representing a 2.53 pct premium over th... |
JAPAN'S UNEMPLOYMENT RATE SEEN RISING TO 3.5 PCT | Japan's unemployment rate is expected to
continue to climb to about 3.5 pct within the next year from
January's three pct record, senior economists, including Susumu
Taketomi of Industrial Bank of Japan, said.
December's 2.9 pct was the previous worst level since the
government's Management and Coordination Agency ... |
TAIWAN REJECTS TEXTILE MAKER PLEA ON EXCHANGE RATE | Central bank governor Chang Chi-cheng
rejected a request by textile makers to halt the rise of the
Taiwan dollar against the U.S. Dollar to stop them losing
orders to South Korea, Hong Kong and Singapore, a spokesman for
the Taiwan Textile Federation said.
He quoted Chang as telling representatives of 19 textile
as... |
JAPANESE DEMAND FOR U.K. GILTS SEEN RISING | Japanese investor interest in British
gilt-edged securities is growing rapidly due to expectations
sterling will remain stable despite the drop in oil prices, and
on calculations gilt prices will firm, bond managers said.
Japanese, British and U.S. Securities houses have been
expanding inventories of gilts to meet ... |
DAIMLER OUTPUT COULD BE AFFECTED BY DISPUTE | Daimler-Benz AG [DAIG.F] said its car
production could fall by 150 cars a day in the foreseeable
future if works councils continue to refuse to approve the
firm's requests for employees to work overtime when necessary.
A company spokesman said the works council at Daimler's
Unterturkheim plant, which makes axles ... |
HK HOTELS SOARS ON TAKEOVER SPECULATION | The price of Hongkong and Shanghai
Hotels Ltd <SHLH.HK>'s stock soared on speculation of a
takeover battle between major shareholders the Kadoorie family
and the Evergo Industrial Enterprise Ltd <EVGH.HK> group, stock
brokers said.
They noted heavy buying in Hk Hotel shares after an
announcement by Evergo's <China ... |
OERLIKON UNIT REJECTS DUTCH PATENT CHARGES | Oerlikon-Buehrle Holding AG <OEBZ.Z> unit
<Contraves AG> unequivocally rejects charges by NV Philips
Gloeilampenfabrieken <PGLO.AS> subsidiary <Hollandse
Signaalapparaten BV> that it violated patent rights in a radar
system developed by the latter, a Contraves official said.
Max Baumann, a member of the Contraves b... |
CASSA DI RISPARMIO DI ROMA LAUNCHING CD PROGRAM | Italian savings bank Cassa di Risparmio
di Roma is launching a 100 mln dlr euro-certificate of deposit
issuance program, Chase Investment Bank Ltd said as arranger.
Chase will also be a dealer for the program, along with
Swiss Bank Corporation International Ltd. Chase Manhattan Bank
NA, London Branch, will be issui... |
BRYSON PAYS 5.4 MLN DLRS FOR CENERGY CORP STAKE | <Bryson Oil and Gas Plc> said it paid a
cash consideration of around 5.4 mln dlrs for about 8.6 pct of
<Cenergy Corp>, a U.S. Oil and gas exploration and production
company.
Bryson said its board has been considering a number of
possible investments to expand the company's interests and
believes the opportunity to ... |
REAGAN APPROVAL RATING FALLS TO FOUR-YEAR LOW | President Reagan's approval rating fell
after the Tower Commission criticised his handling of the Iran
arms scandal, a New York Times/CBS poll indicates.
The poll found 51 pct of those surveyed thought he was
lying when he said he did not remember if he had approved the
original arms sales to Iran and 35 pct though... |
REGAN DEPARTURE MAKES 3RD VOLCKER TERM LIKELY | Last week's White House shake-up has
increased the odds that Federal Reserve Board chairman Paul
Volcker, a symbol of strength in a government reeling from the
arms-to-Iran scandal, will serve a third term, sources close to
the Fed say.
But they said that no decision on the appointment, which
must be filled this Au... |
GM <GM> CUTS WAGE BOOSTS FOR SALARIED EMPLOYEES | General Motors Corp has changed its
method of disbursing merit raises for salaried employees and is
reducing the size of the merit raise pool to 3.5 pct of the
total amount available for salaries from 5.5 pct last year, a
company spokesman said.
He said GM will no longer include merit raises in the
calculation of b... |
PRE-PAID LEGAL <PPD> GETS I.C.H. <ICH> FINANCING | Pre-Paid Legal Services Inc said it
has signed a letter of intent under which it would receive
financing from I.C.H. Corp.
The company said under the proposed transaction I.C.H.
would loan it up to 100 mln dlrs, and the loan balance would be
convertible at any time by either party into Pre-Paid common
stock at 11 d... |
ASHTON-TATE <TATE> 4TH QTR NET | Shr 43 cts vs 30 cts
Net 10.6 mln vs 5,967,000
Revs 62.9 mln vs 41.5 mln
Avg shrs 200.7 mln vs 20.2 mln
Year
Shr 1.26 dlrs vs 85 cts
Net 30.1 mln vs 16.6 mln
Revs 210.8 mln vs 121.6 mln
Avg shrs 23.9 mln vs 19.4 mln
NOTE: Share adjusted for January 1987 two-for-one split.
Reuter
|
NEITHER SIDE OPTIMISTIC ON ROTTERDAM PORT ISSUES | Employers and the port union, FNV, are
to meet again this afternoon to attempt a settlement of the
six-week-old dispute in Rotterdam's general cargo sector, but
neither side is optimistic, spokesmen for both sides told
Reuters.
Little progress was made in last night's three hours of
talks, with both sides largely r... |
AMR <AMR> TO HOLD PRESS CONFERENCE THIS MORNING | AMR Corp will hold a
press conference this morning in New York at 0900 EST, a
company spokesman said.
He would not comment on the subject of the press
conference, or would he confirm published reports that AMR will
today announce a 2.5 billion dlr purchase of aircraft and
engines.
According to a New York Times ... |
UNILEVER IMPROVES IN MOST SECTORS DURING 1986 | The Unilever Plc and NV <UN.A> group saw
improved performance in almost all sectors during 1986, the
Anglo-Dutch group said in its results statement.
Very good progress was made last year, while the recent
acquisition of Chesebrough-Pond's Inc <CBM.N> was a significant
addition which will greatly benefit the group ... |
U.S. LEADING INDICATORS FELL 1.0 PCT IN JAN AFTER REVISED 2.3 PCT DEC RISE
| |
AMR CORP ORDERS 40 JETS FROM AIRBUS AND BOEING
| |
U.S. LEADING INDEX FELL 1.0 PCT IN JANUARY | The U.S. index of leading indicators
fell a seasonally adjusted 1.0 pct in January after a revised
2.3 pct December gain, the Commerce Department said.
The department previously said the index rose 2.1 pct in
December.
The decline in January was the biggest for any month since
July, 1984, when the index fell 1.... |
BRAZIL FINANCE MINISTER MEETS FRENCH OFFICIALS | Brazilian Finance Minister Dilson Funaro
held separate meetings with French Finance Minister Edouard
Balladur and Bank of France Governor Jacques de Larosiere on
the second stage of a European mission to explain his country's
latest debt crisis, French officials said.
They declined to disclose details of the talks.... |
BURLINGTON COAT FACTORY WAREHOUSE CORP <BCF> NET | Jan 31 end
Shr 1.40 dlrs vs 1.10 dlrs
Net 16.4 mln vs 12.9 mln
Revs 196.2 mln vs 157.5 mln
Reuter
|
COFFEE PRICE FALL SHORT TERM - DUTCH ROASTERS | This morning's sharp decline in coffee
prices, following the breakdown late last night of negotiations
in London to reintroduce International Coffee Organization,
ICO, quotas, will be short-lived, Dutch roasters said.
"The fall is a technical and emotional reaction to the
failure to agree on reintroduction of ICO e... |
GREENWOOD RESOURCES <GRRL> SELLS COMPANY STAKE | Greenwood Resources Inc said it has sold
its 4,300,000 common share majority holding in <New London Oil
Ltd> of London to an affiliate of <Guinness Peat Group PLC> of
London and an affiliate of <Sidro SA> of Belgium for a total of
1,700,0000 dlrs in cash.
The company said it will apply the proceeds of the sale to
s... |
AMR <AMR> TO ACQUIRE 40 LONG-RANGE JET AIRCRAFT | AMR Corp's American Airlines said it
will buy 40 long-range jet aircraft to support international
expansion, including routes in the Caribbean.
Under one agreement, the airline said, it will acquire 15
Boeing Co <BA> 767-300 planes. Under a separate agreement,
American will acquire A-300-600 aircraft from <Airbus
I... |
VDO UNIT AND THOMSON-CSF IN JOINT VENTURE | <VDO Luftfahrtgeraete Werk Adolf
Schindling GmbH>, 75 pct owned by autoparts maker <VDO Adolf
Schindling AG>, said it set up a joint venture with Thomson-CSF
<TCSF.PA> of France to produce liquid crystal displays.
It said in a statment that it held 20 pct of the new
company called Eurodisplay and Thomson-CSF the re... |
F.W. WOOLWORTH CO 4TH QTR SHR 1.78 DLRS VS 1.64 DLRS
| |
HEINZ INTERESTED IN BUYING GUINNESS BREWING | H.J. Heinz <HNZ.N> chairman Tony O'Reilly
would be interested in buying Guinness PLC <GUIN.L>'s brewery
division if it were for sale, a spokesman said.
The spokesman, reacting to Irish and British press reports,
said "He continues to be interested were the group to offer the
brewery side of Guinness for sale. But h... |
EQUATORIAL COMMUNICATIONS <EQUA> TO HAVE LOSSES | Equatorial Communications
Co said it expects to report losses of about 57 mln dlrs for
the fourth quarter and 68 mln dlrs for the full year 1986 on
revenues of about 10 mln dlrs for the quarter and 52 mln dlrs
for the year.
Equatorial said the losses will include a charge of about
45 mln dlrs from costs associated ... |
TRANSAMERICA <TA> TO HAVE AUSTRALIAN SALE GAIN | Transamerica Corp said it will have
an after-tax gain of about 10 mln U.S. dlrs on the sale of its
Occidental Life Insurance Co of Australia Ltd affiliate to
<Pratt and Co Financial Services Pty Ltd> of Melbourne for 105
mln Australian dlrs.
The sale was announced earlier today in Australia. Proceeds
will be used t... |
VIACOM INTERNATIONAL INC GETS ANOTHER NEW NATIONAL AMUSEMENTS BID
| |
F.W. WOOLWORTH CO <Z> 4TH QTR JAN 31 NET | Shr 1.78 dlrs vs 1.64 dlrs
Net 117 mln vs 106 mln
Sales 2.02 billion vs 1.85 billion
Avg shrs 65.6 mln vs 63.9 mln
Year
Shr 3.25 dlrs vs 2.75 dlrs
Net 214 mln vs 177 mln
Sales 6.50 billion vs 5.96 billion
Avg shrs 65.6 mln vs 63.9 mln
NOTE: Share data restated to reflect two for one ... |
GM <GM> CUTTING SALARIED MERIT RAISES | General Motors Corp told employees it
was reducing the funds available for merit-raises for 109,000
salaried workers.
GM, which has been taking wide-ranging steps to cut costs,
said in a letter it cut the amount available for raises to 3.5
pct of the payroll from 5.5 pct in 1986.
The letter also said raises wil... |
BP OIL RAISES OPERATING PROFIT | <BP Oil Ltd>, the U.K. Marketing and
refining arm of British Petroleum Co Plc <BP.L>, raised its
pretax operating profit on a replacement cost basis to 182 mln
stg in calendar 1986, compared with 66 mln stg in 1985.
Sales and operating revenue fell to 3.1 billion stg from
4.2 billion on a replacement cost basis. Hi... |
CANADA PRICES 1.2 BILLION DLR BOND ISSUE | The finance department announced the new
1.2 billion dlr, four-part bond issue, to be dated March 15 and
delivered March 16, will be priced as follows.
- 8 pct bonds due July 1, 1990 at a price of 100.30 pct
todmpB]w about 7.89 pct to maturity
- 8-1/4 pct bonds due March 1, 1994 at a price of 100.25
pct to yiel... |
EARTHQUAKES CONTINUE IN NORTHERN NEW ZEALAND | Earthquakes and aftershocks are still
shaking areas of northern New Zealand following yesterday's
strong tremor which left 3,000 people homeless.
Four earthquakes measuring up to 4.5 on the Richter scale
have hit the Bay of Plenty and Waikato region in the north-east
since midnight yesterday (1200 GMT).
No casu... |
U.S. ASKS JAPAN END AGRICULTURE IMPORT CONTROLS | The U.S. Wants Japan to eliminate import
controls on agricultural products within three years, visiting
U.S. Under-Secretary of State for Economic Affairs Allen Wallis
told Eishiro Saito, Chairman of the Federation of Economic
Organisations (Keidanren), a spokesman for Keidanren said.
The spokesman quoted Wallis as... |
U.S. FINANCIAL ANALYSTS - March 3 | New York
Sarich Technologies Trust - New York
Health Management Associates - New York
Reuter
|
FIRSTCORP <FCR> SEES GAIN ON CONDEMNATION | Firstcorp Inc said it weill report
an after-tax gain of 1,827,000 dlrs or 56 cts per share primary
and 42 cts fully diluted from the proposed condemnation and
acquisition of a parking deck it operates by Wake County.
The company said if it reinvested proceeds in a similar
property within 24 months, the gain on the ... |
ASHTON-TATE <TATE> TO OFFER COMMON SHARES | Ashton-Tate said it intends to
file for an offering of about two mln shares within the next 30
days.
It said proceeds would be used for working capital and
other general corporate purposes, including the possible
acquisition of other businesses or additional technology.
Ashton-Tate now has about 23.6 mln shares... |
KEYCORP <KEY> REGISTERS SUBORDINATED NOTES | KeyCorp said it has filed with the
Securities and Exchange Commission for the offering of 75 mln
dlrs of subordinated capital notes due March 1, 1999.
The company said it is anticipated the notes will be
offered this week through underwriters led by First Boston
Corp.
Proceeds will be used for general corporate... |
<NATIONAL SEA PRODUCTS LTD> 4TH QTR NET | Oper shr 43 cts vs 21 cts
Oper net 6,846,000 vs 3,386,000
Revs 137.1 mln vs 107.6 mln
Year
Oper shr 1.36 dlrs vs 42 cts
Oper net 21,764,000 vs 7,239,000
Revs 516.4 mln vs 454.7 mln
Note: 1986 qtr excludes extraordinary gain of 784,000 dlrs
or five cts share, versus extraordinary loss of 110,... |
U.K. MONEY MARKET SHORTAGE FORECAST REVISED DOWN | The Bank of England said it had revised
its forecast of the shortage in the money market down to 450
mln stg before taking account of its morning operations. At
noon the bank had estimated the shortfall at 500 mln stg.
REUTER
|
NATIONAL AMUSEMENTS AGAIN UPS VIACOM <VIA> BID | Viacom International Inc said <National
Amusements Inc> has again raised the value of its offer for
Viacom's publicly held stock.
The company said the special committee of its board plans
to meet later today to consider this offer and the one
submitted March one by <MCV Holdings Inc>.
A spokeswoman was unable t... |
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