Bnt Lord Errol! As far as other Cornish activities are concerned,. Gold Fields is evaluating the results of drilling at two neglhbonring sites. ICI said yesterday that it did not yet have firm plans for the site, but it could follow the pattern of its biggest petro- chemicals site at Wilton on Teeiside.
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Products could include ammo nia and methanol— derived from natural gas — as wel-1 as oiher basic petrochemicals and down- stream products such as plasucs and fibres. It is also involved in exploration pro grammes on various parts of the UK continental shelf In the North Sea and to the west oF the Shetlands.
It has developed more than 1.
Il is thought however, that ICI is anxious not to concentrate its resources too heavily In one area. It has carried out land and seabed surveys at an estuary site in Tayside, Scotland. The site is at Barry Buddon. The company is also under stood to have investigated the Humber estuary in England. Both the Humber and Tay offer sites with fiat land and access to.
The com puny has held a series of dis- cussions with the Scottish Office shout the Tayside location. First news of the plan has already brought mixed reactions from local interests on Tayside.
Dundee has high unemployment It might therefore be expected 3 hili 1 in spa,n - The deposit certificates trial. He was jointly charged. Felicio Morelia, the former Banking Corporation and its head of both international Bank, associated company, European ing and European and Arabian, and Arabian Bank, both regis- who was jailed for three years tered in Anquilia. Unterlaggauer has prison sentence at the Old Bailey, spent 12 months in custody, he Dr.
Heinrich Peter Unlertag- will be released on Honda when gauer, born In Austria, had a riepnrtatinn order will be con- pleaded guilty to charges of issu- sirlcrert. He claims io have a ing false certificates of deposit job awaiting him in Germany, in order to acquire seven hotels Mr. Joseph Khalife is still on in Spain. The deposit certificates trial. He Detective Chier Inspector Roy has pleaded no't guilty-. Elsey, he admitted signing 15 European and Arabian Bank certificates — together with has no connection with the another former employee of European Arab Bank group International Banking Corpora- Industrial Banking Cornoration" non who has since left the UK.
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Uo terlaggauer's sentence the c ame name. Most of the steel in an average British car body is sheet steel. There was little to cheer in the silt market either, as a further rise in U. Interest rates British interest rates are still high enough to attract inflows from the United States, even after the most recent rise in the U.
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As the forward discount on ster- ling has shrunk almost to par. On a simpler level, it does seem that confidence in sterling, as against lack of confidence in the dollar, has been growing over the last week, with the foreign exchange markets appealing rather less worried about news on the labour front.
There has been some nervous- ness i hat the Bank of England might intervene to stop sterling rising fun her. Next week the official cur- rency reserve figures for October will be published, and they are expected to show that the Bank's intervention has been limited. But any sign aF funds flowing heavily into London could be worrying to the markets, unless of course foreign money flows into gilts and encourages the home-based institutions tu jump in too. At the moment, though, short money rates are so high that they weaken the inducement to commit money to gilts.
Drug problems Beecham's share price took a rumble last week on news that the company may bo forced to cut its drug prices further in the U. Analysts, on lie other hand, feel the market reaction may be somewhat overdone. The issues arc undoubtedly complex and involve a fair bit of unfinished litigation. Beecham, for example, is still suing its main U.
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But Bristol and Beecham have both been on the receiving end under U. It comes, moreover, in the wake of average amoxy- cillin price cuts since July of roughly 20 per cent. This has already been noted by dose ob- servers of the U. In the short term, despite some loss in market share. Although longer term growth prospects from the U. After sliced bread Now that the loss-making bread baking business is out of the way.
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A 98 Offer from Wm. Baird lapsed De Beers Dfd. Group Financial Gp. So loss elimination should be worth Elsewhere the milling division did better, and grocery products and meat are singled out as having done well. The one question for the market is haw quickly Spillers will restore its dividead. Last year when profits collapsed the dividend was slashed from 2. The market is banking on Spillers going some way to restoring the divi- dend this year.
For the whole of last year losses in the U. This left group profits only. The problems seem to have been twofold. First, Mothercare j set up its U. The bulk of these were under 1. Secondly, the Mothercare management in the U. Strenuous efforts, including top management changes, are now going on to turn the pro- ject round. And meanwhile the stores operating under the Mothercare name are apparently doing well. Impressive though ' the Dow's losses have been in the last two weeks, they in fact understate the broad market decline, notably the routing of secondary stocks.
The American Stock Exchange which hosts many' of the smaller, less capitalised companies, has seen its index tumble by a formidable 17 per cent front its peak in mid- September, while the Dow has suffered a more modest 9. On Thursday the Dow drew back by 9. But yesterday the decline quickened and the Dow dropped Technical analysts looking for a rainbow claim they are only mildly surprised at the slaughter. They point out that before the rally which started last April the market bad been seriously weakened by the Blue Chips — the IB Ms and Polaroid; of this world — while the smaller stocks had shown positive strength for most of last year.
Meanwhile, away from the technicians' charts investors have found that the world is too much with them. In a brief but grisly recap the week's news has included a rise in commercial hanking prime rates to per cent, the. A 19th-century Russian novelist would have been strained to write a more depressing scenario There is as much scepticism in the U.
Somewhat curiously there has been no attempt berc to cite the achievements of Britain's voluntary policy in justification for the new approach when on the surface the prospects for success are at least as good as they were in Britain.
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When they have been at their most negative they have simply assumed that conditions have been so bad. Perhaps the time has come again to search for a new meta- phor. The latest batch of quarterly results from North American groups show- a dis- tinct improvement over a year ago, if not in profits at least in sales. It is tempting to see the figures as the definite start nf a new trend, but the U. Another of the U. It came back into Ihe black in the second quarter and in the three months to No.
jlhghfdg.co.vu/vita-compactos-anagrama-n-635.php Bu: in the third-quarter there was a lnss. Charles Barber, the Asarco chairman. Tm iD the same three mouths of Although zinc prices hafe been at lower levels than last year, lead demand has been strong and looks like remaining so. Further evidence nf the revival in the copper industry came from Freeport Minerals, whose profits in the September quarter jumped sharply to S7.
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