Burton Mail from Burton upon Trent, Staffordshire, England • 16

14 BURTON MAIL WEDNESDAY MAY 16 1990 SHARE WATCH Business Mail Carlton Communications was boosted from broker recommendation ahead of half-timer Polly Peck continued to benefit from the recent sale of ships and from hopes for restructuring news at next annual meeting Shares volume at 11am was 1945 million Equities scored a broad advance this morning encouraged by a number of trading statements from big-name companies and still taking the view that the top of the interest rate cycle has been reached Gilts on the other hand registered falls to around -Vsths so far unresponsive to a mid-morning rally by the pound The pound on foreign exchanges at 11am was 16755 dollars and 27641 German marks compared with 16780 dollars and 27669 marks at the previous close The trade weighted index was 874 compared with 875 previously Gold was fixed this morning at 36960 dollars an ounce compared with 36775 dollars at previous close Composites were cheered by Commercial first-quarter report of losses less steep than feared Figures from Grand Metropolitan and from Greenall Whitley pleased though the former was still troubled by concern about the effects of BSE on Burger King operations Bass hotels sold to Forte group Bass has announced the sale of its Crest Hotels business in the UK to Trusthouse Forte for £300m The sale involves 43 hotels including one in Derby They have a total of 4753 rooms which means an average price of around £63000 per room In the 12 months to September they generated net profits before tax of about £20m Proceeds from the sale will be used to reduce debt FTSE IOO Index at 1 lam up I S3 at 22175 BY DAVE STACEY Mr Geoffrey Lambert who has just joined Raybouid and Sons New man at estate agent The former senior partner of one of the Midland's largest estate agencies has joined Raybould and Sons which has a branch in Burton Mr Geoffrey Lambert previously at FRIGS will be specialising in the sale of prestigious country homes throughout Derbyshire and the adjoining counties Mr Lambert feels that his 30 years experience in the sales by private treaty and public auction will be an added bonus to Raybould and Sons Mr Lambert will be based at the Derby office of the firm If trying to raise hard cash try FINANCE Earlier this financial year Bass sold three major Crest Hotels in London Brussels and Madrid and is selling another in The Hague and four in Amsterdam Total sales from disposal of Crest hotels are expected to top £400m Bass has retained four Crest hotels in the UK and four on the Continent which will become part of Bass-owned Holiday Inns Bass chairman Mr Ian Prosser said: skills we have developed in building up the Crest chain will now be exclusively applied to the Holiday Inn brand Mr Rocco Forte chief executive of Trusthouse Forte said he expected the hotels to make a positive contribution to profits in the current financial year The hotels were in good condition and well managed and some excellent management and staff were joining his group as a result of the acquisition Village project wins praise Education Secretary Mr John McGregor has praised the Moira Replan Project for its achievements in adult education and training Miss Jenny Murray editor of BBC Radio 4's JJour spoke of the work with Coalville Technical College in providing courses in the Ashby Woulds area Project development worker Mr Graham Knight was commended for the way the Moira Replan Project had responded rapidly and positively to the redundancies taking place in the local coalfield Following a series of redundancy counselling sessions training courses were provided for people facing redundancy from local mines These courses have included skills updating for colliery electricians computer training and a new course called Win That Job aimed at helping with job applications and interview techniques Any adults seeking advice or guidance on education or career training through the project should contact Mr Knight or Miss Helene Rowell on Burton 550196 The project is based at the old council offices in Ashby Road Moira and welcomes callers who prefer to drop-in for a friendly discussion I he Replan initiative was introduced nationally in 1984 by the Department of Education as response to high unemployment figures Moira Replan Project started in the Summer of 1987 as a three-year scheme BritishC oal Enterprise I united was st up to assist providing new job opportunities within coalmining areas Qualifying locations within the Fast Midlands Region include the ci tie ot Nottingham I rbv I eicester and Coventry together with the surrounding areas and is creating sobs within the next ears it may quality for financial assistance af preferential interest Five vear loans car h-speed llv arranged and at levels up to L2t00G these will normally be on an unsecured basis i argr amounts can be arranged but some security will be required ail us and see it you quality tor the soft option 6 WATER 153 152 164 133 131 165 138 160 150 165 MINING £18 £50 167 420 £14 665 578 48 £11 539 £12 Anglian Nth West Nthmbrian Sevrn Trt Sthrn Watr Sth West Thames Welsh Wtr Wessex Yorkshire 1 2 4 1 2 1 2 2 3 Anglo Am AA Gold Blyvoor Chartr Con De Beers Driefntein Free State Gcevor Impala RTZ Rstnbrg British XD 1 Vis Helen Lennox Regional Manager Unit 9 Enterprise 1 louse Ashby Road Coalville Leicestershire IF6 21 A Telephone: (0530) 3143 enterprise.