The former chief executive of National Power became its chairman in April at a salary of
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The former chief executive of National Power became its chairman in April, at a salary of pounds 180,000 for a minimum of two days a week.. Baker takes Medeva chair The drugs company Medeva said John Baker of the generating group National Power would be its new chairman in succession to Bernard Taylor. Tate & Lyle reported profits of pounds 311m for the year to September, before pounds 25.5m of exceptional items, up from pounds 274m last time. Investment column, page 22. Sir Neil Shaw, chairman, said corn prices had risen 50 per cent over the past year and it was not yet clear whether the higher costs could be recovered in the current pricing round.
Sugar giant faces US squeeze Tate & Lyle warned that its cereal sweetners and starch operation in the US was facing a squeeze on margins. Treasury plans debt sale The Treasury has announced plans for the third sale of debt owed to the Government by privatised companies. BT, the National Grid, Scottish Power, Northern Electric, Norweb and SWEB still owe the Treasury a total of pounds 1.25bn. The sale, which is expected to take place early in 1996, follows two earlier auctions worth pounds 1.38bn in November 1992 and pounds 1.76bn in July last year.. The exchange said Nomura consented to the findings without admitting or denying guilt. Alleged infractions included filing of inaccurate reports and failure to maintain minimum net capital at the required level.
Nomura said the action concerned "technical violations" which did not involve any customers.. US growth 'to stay at 2.5 per cent' The OECD said the US would continue to grow at 2.5 per cent next year. In its annual report on the US economy, the OECD said the current account deficit would run at $171bn in 1995, or 2.5 per cent of GDP, but would edge down in 1996 as import demand grew more slowly.. $1m fine for Nomura in US The New York Stock Exchange last night fined Nomura Securities International $1m for alleged violations of its rules.