Olympia & York in trouble
Language: English Series: Financial Times ; 23 March 1992, 1,18,20; | Daily Telegraph ; 24 March 1992, 22;Publication details: 1992Subject(s): Summary: The Bank of England has encouraged UK banks to put up emergency funding for O&Y to continue with the Canary Wharf development. The property company faces massive restructuring to finance its debts and ease its liquidity crisis, although Canada`s relaxation on foreign investment in oil will help the sale of the company`s interest in Home Oil.| Item type | Current library | Call number | Copy number | Status | Barcode | |
|---|---|---|---|---|---|---|
| News article | London News article | WB2813-02 (Browse shelf(Opens below)) | 1 | Available | 63748-1001 |
The Bank of England has encouraged UK banks to put up emergency funding for O&Y to continue with the Canary Wharf development. The property company faces massive restructuring to finance its debts and ease its liquidity crisis, although Canada`s relaxation on foreign investment in oil will help the sale of the company`s interest in Home Oil.