CrestCo to offer rebate of 15% on 1998 fees

Article Abstract:

UK-based CrestCo, a clearing and settlement cooperative used by the London Stock Exchange, will offer a 15% rebate on 1998 fees. The rebates, which are prompted by unusually large volumes, will in effect bring down the settlement cost from 60 pence per transaction to 51 pence. The system's 70 shareholders will receive in April 1999 the rebates that are expected to reach around 5 million pounds sterling or $8.4 million. CrestCo also settles trades on the Irish stock exchange and Tradepoint, the small competitor to the London Stock Exchange.

Comment:

Will offer a 15% rebate on 1998 fees

Financial Transactions Processing, Reserve, and Clearinghouse Activities, Marketing procedures, Clearing Organizations, Securities clearinghouses, CrestCo Ltd., Article

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Potato futures retreat in U.K., Netherlands as strong supplies

Article Abstract:

Due to an unusually abundant supply of potato futures, their prices fall throughout the United Kingdom and the Netherlands. The prices are at their lowest since 1997, and there still is a possibility for a further decrease.

Netherlands, Potatoes, Potato Farming, Prices and rates, Vegetable industry

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P and G's sterling deal is Eurobond focus

Article Abstract:

European investors expressed optimism towards Procter and Gamble's 500 million Pound Sterling Eurobonds. P and G launched their 30-year bonds via J.P. Morgan, Goldman Sachs, and ABN Amro.

Europe, Use of Funds, Soap, Cleaning Compound, and Toilet Preparation Manufacturing, Soaps, Detergents & Toiletries, Finance, Toiletries industry, Procter & Gamble Co., Bonds, Bonds (Securities), Consumer goods industry, Soap and cleaning agents industry, Cleaning agents industry

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