TCREUR_Public/041118.mbx         T R O U B L E D   C O M P A N Y   R E P O R T E R

                           E U R O P E

          Thursday, November 18, 2004, Vol. 5, No. 229

                            Headlines

A U S T R I A

RENGGLI GMBH: Sets Public Auction Tomorrow


F R A N C E

ATLANCO: Court Orders Liquidation of Clothing Firm
TRICOTS PHILIPS: Falls into Receivership


G E R M A N Y

BAUTZENER BAU: Wolff, Rapp & Kollegen Appointed Administrator
B + B OBE: Succumbs to Insolvency
CADRAS WOHNBAU: Berlin Court Launches Bankruptcy Proceedings
D+P WOHNBAU: Possl, Wille, Mathern Appointed Administrator
FLORA-BETON: Gives Creditors Until January to File Claims

GRUNDSTUCKSVERWERTUNG BIRINGER: Creditors' Meeting Set January
KAFKAS HOCH: Under Bankruptcy Administration
LUDWIGSLUST GMBH: Flensburg Court Appoints Administrator
MEDIATEAM IT: Administrator's Report Out Next Month
MMS FORDERTECHNIK: Creditors' Meeting Set December

NEUSTADT-GLEWE: Provisional Administrator Takes over Operations
PARKKLINIK GLUCKSBURG: Claims Deadline Expires January
VEREINS MARINE: Creditors Claims Due December


I T A L Y

CIRIO: Former Sanpaolo Execs Deny Abetting Collapse
PARMALAT: Probe Twists to Former Cirio Heads


N E T H E R L A N D S

LAURUS N.V.: Announces Terms of EUR200 Million Rights Offering
NEW SKIES: Sets Dates for Distribution of Liquidation Proceeds
ROYAL AHOLD: U.S. Retail CEO Retiring Next Month


N O R W A Y

PETROLEUM GEO-SERVICES: Restatements Hit Retained Earnings


R U S S I A

APC MELKRUK: Stavropol Court Appoints Insolvency Manager
APEKS: Bankruptcy Hearing Resumes January Next Year
BAKSAN-PISHE-PROM: Hires A. Abazov as Insolvency Manager
BUNKERING TERMINAL: Under Bankruptcy Supervision
CRYSTAL: Undergoes Bankruptcy Supervision Procedure

GAVRILOV-YAMSKIY DAIRY: Insolvency Manager Takes over Operations
INDUSTRY & CONSTRUCTION: Individual Rating Affirmed at 'D'
ISKRA: Ulyanovsk Court Opens Bankruptcy Proceedings
KORVET: Bankruptcy Hearings Resume Next Month
MONTAZH-LEG-MASH: Proofs of Claim Deadline Nears
SUKHONSKAYA SHIPPING: Declared Insolvent


S P A I N

SOGECABLE SA: Manages to Contain 9-mth Loss with High Turnover


S W E D E N

SKANDIA INSURANCE: Expects Negative 3rd-quarter Results


U K R A I N E

BILSHOVIK: Proofs of Claim Deadline Expires Tomorrow
DONBASENERGOBUD: Succumbs to Insolvency
INTEGRAL: Insolvency Manager to Temporarily Oversee Business
KASKAD: Bankruptcy Supervision Starts
KERCH' GUSTATORY: AR Krym Opens Bankruptcy Proceedings

SBS-FARMACIYA: Bankruptcy Proceedings Begin
SHID-AGRO: Court Brings in Temporary Insolvency Manager
SKIF: Gives Creditors Until Tomorrow to File Claims
SULA: Poltava Court Launches Bankruptcy Supervision Proceedings
UDINSKIJ SUGAR: Calls in Liquidator


U N I T E D   K I N G D O M

ADVANCED AUTOMOTIVE: Sets Members Meeting Next Month
APARTMENT LONDON: Hires Carter Backer Winter as Administrator
APOLLO SOUND: Appoints Joint Liquidators from Begbies Traynor
APPLICADO INTERNATIONAL: Calls in Liquidator from Tomlinson
ATHENA SECURITY: Names DTE Leonard Curtis Administrator

ATRIAX HOLDINGS: Hires Liquidator from Begbies Traynor
BAS WAGSTAFF: Sets Creditors' Meeting Next Week
BLAKEDOWN NURSERIES: Members General Meeting Set December
BLESSVALE (UK): Appoints P&A Partnership Administrator
BRITISH SKY: Third-quarter Performance Improves

BRITISH SKY: Shareholders Support Share Buyback Plan
CLASSIC TRANSPORT: Hires A. Simon as Liquidator
CLICKONCE TECHNOLOGIES: Directors Banned for Six Years
CPK ENGINEERING: Extraordinary Winding up Resolution Passed
C.P. MOTOR: Members Pass Winding up Resolutions

DEBSONS LIMITED: Creditors' Meeting Next Week
EBOOKERS PLC: Restructuring Helps Third-quarter Results
EUROTEC INDUSTRIAL: Members General Meeting Set Next Month
FREDIC LIMITED: Names Smith & Williamson Administrator
F.V.CARROLL: Hires Liquidator from Leonard Curtis

GILLS CASTINGS: Creditors Meeting' Set End of November
GYMPIE GOLD: Calls in Liquidator
JARVIS PLC: Sells PFI Contract to HOCHTIEF Subsidiary
KEEGAN OPTICIANS: Top Honcho Receives Four-year Ban
LAKELAND MINERALS: General Meeting Set Next Month

MYTRAVEL GROUP: Court to Review Scheme of Arrangement Plan Today
NUPLY LIMITED: Names Begbies Traynor Administrator
QXL RICARDO: In Talks with Potential Bidder
REDLAND TECHNOLOGY: Names PricewaterhouseCoopers Liquidator
REFLEX PRINT: Calls in Administrators from Begbies Traynor

ROMAN MOSAIC: HSBC Bank Appoints Numerica Receiver
STERLING IDM: Insolvency Service Disqualifies Directors
SWISSPORT U.K.: Parent Calls in Administrator
TOTALFINAELF GAS: Members General Meeting Set
TXU EUROPE: Section 304 Petition Summary
VOGUE SEATING: Names Begbies Traynor Administrator
WORLD CLASS: Names Administrators from BDO Stoy Hayward


                            *********


=============
A U S T R I A
=============


RENGGLI GMBH: Sets Public Auction Tomorrow
------------------------------------------
Herbert Karner Industrieauktionen GmbH will sell the properties
of Renggli GmbH on Nov. 19, 2004, 11:00 a.m. at Wienerstrasse
75, A-2514 Traiskirchen, Austria.  For sale are sawing machines,
grinding machines, E fork lifter, special materials for
laboratory equipment, and CNC-Workstation.

CONTACT:  HERBERT KARNER INDUSTRIEAUKTIONEN GmbH
          Phone: +43 (0)3622 55 287
          Fax: +43 (0)3622 54 768
          E-mail: contactaustria.karner@goindustry.com


===========
F R A N C E
===========


ATLANCO: Court Orders Liquidation of Clothing Firm
--------------------------------------------------
Clothing group Atlanco will undergo judicial liquidation,
rendering 138 staff jobless, Les Echos says.  Its closure brings
to 1,300 the number of job losses in the clothing sector of
Vendee and Cholet this year, a trade union source says.  Owned
by the industrialist Alain Moreau, Atlanco is engaged in the
manufacture of textiles, children's clothes, women's clothing
and ready-to-wear ladies' garments

CONTACT:  ATLANCO SARL
          2 Rue Du Gal De Gaulle
          85130 Les Landes
          Genusson France
          Phone: +33 251 91 61 59
          Fax: +33 251 91 62 60


TRICOTS PHILIPS: Falls into Receivership
----------------------------------------
The commercial court in Caen, northern France, has placed
knitwear company Tricots Philips into receivership, according to
just-style.com.

The firm has suffered intense competition from companies
operating in countries where labor is cheap, the report said.
The company will be under observation for six months.  As of the
moment, it is planning to embark on a restructuring plan that
could cost around 50 of its 115 their jobs.  Tricot, which makes
Edwige Edward jumpers, was established in 1923.  It has an
average annual turnover of EUR5.1 million.


=============
G E R M A N Y
=============


BAUTZENER BAU: Wolff, Rapp & Kollegen Appointed Administrator
-------------------------------------------------------------
The district court of Dresden opened bankruptcy proceedings
against Bautzener Bau- u. Immobiliengesellschaft mbH on Oct. 18.
Consequently, all pending proceedings against the company have
been automatically stayed.  Creditors have until Nov. 26, 2004
to register their claims with court-appointed provisional
administrator Olaf Seidel of Wolff, Rapp & Kollegen.

Creditors and other interested parties are encouraged to attend
the meeting on Jan. 7, 2005, 9:30 a.m. at Saal D131, Amtsgericht
Dresden, Olbrichtplatz 1, 01099 Dresden at which time the
administrator will present his first report of the insolvency
proceedings.  The court will also verify the claims set out in
the administrator's report during this meeting, while creditors
may constitute a creditors committee and or opt to appoint a new
insolvency manager.

CONTACT:  BAUTZENER BAU- U. IMMOBILIENGESELLSCHAFT MBH
          Schafbergstr. 4 in 02625 Bautzen

          WOLFF RAPP & KOLLEGEN
          Olaf Seidel, Insolvency Manager
          Weisseritzstrasse 3, 01067 Dresden
          Web site: http://www.WORAKO.de


B + B OBE: Succumbs to Insolvency
---------------------------------
The district court of Frankfurt am Main opened bankruptcy
proceedings against B + B Obe Markt GmbH on October 15, 2004.
Consequently, all pending proceedings against the company have
been automatically stayed.  Creditors have until March 2, 2005
to register their claims with court-appointed provisional
administrator Fatma Kreft.

Creditors and other interested parties are encouraged to attend
the meeting on April 14, 2005, 9:00 a.m. at the district court
of Frankfurt am Main, Gebaude F, Klingerstrasse 20, 60313
Frankfurt am Main at which time the administrator will present
his first report of the insolvency proceedings.  The court will
also verify the claims set out in the administrator's report
during this meeting, while creditors may constitute a creditors
committee and or opt to appoint a new insolvency manager.

CONTACT:  B + B OBE MARKT GmbH
          Hugelstrasse 79
          60433 Frankfurt am Main

          Fatma Kreft, Insolvency Manager
          Carl-Theodor-Reiffenstein-Platz 6
          60313 Frankfurt am Main
          Phone: 069/67736770
          Fax: 069/677367720


CADRAS WOHNBAU: Berlin Court Launches Bankruptcy Proceedings
------------------------------------------------------------
The district court of Berlin-Charlottenburg opened bankruptcy
proceedings against CADRAS Wohnbau GmbH i.L. on Oct. 21.
Consequently, all pending proceedings against the company have
been automatically stayed.  Creditors have until Dec. 10, 2004
to register their claims with court-appointed provisional
administrator Christian Heintze of Kuebler.

Creditors and other interested parties are encouraged to attend
the meeting on Jan. 12, 2005, 10:45 a.m. at Saal 24, im
Gerichtsgebaude Furstenstrasse 21, in Chemnitz at which time the
administrator will present his first report of the insolvency
proceedings.  The court will also verify the claims set out in
the administrator's report during this meeting, while creditors
may constitute a creditors committee and or opt to appoint a new
insolvency manager.

CONTACT:  CADRAS WOHNBAU GMBH I.L.
          (HRB 14805, AG Chemnitz)
          Schumannstrasse 12, 08056 Zwickau
          Contact:
          Jurgen Neininger, Manager

          KUEBLER
          Christian Heintze, Insolvency Manager
          Kassbergstrasse 24, 09112 Chemnitz
          Web site: http://www.kuebler-gbr.de


D+P WOHNBAU: Possl, Wille, Mathern Appointed Administrator
----------------------------------------------------------
The district court of Chemnitz opened bankruptcy proceedings
against D+P Wohnbau GmbH on Oct. 21.  Consequently, all pending
proceedings against the company have been automatically stayed.
Creditors have until Dec. 7, 2004 to register their claims with
court-appointed provisional administrator Christoph Mathern of
Possl, Wille Mathern.

Creditors and other interested parties are encouraged to attend
the meeting on Jan. 12, 2005, 10:30 a.m. at Saal 28, im
Gerichtsgebaude, Furstenstrasse 21, Chemnitz at which time the
administrator will present his first report of the insolvency
proceedings.  The court will also verify the claims set out in
the administrator's report during this meeting, while creditors
may constitute a creditors committee and or opt to appoint a new
insolvency manager.

CONTACT:  D+P WOHNBAU GMBH
          (HRB 12694)
          Leipziger Strasse 214, 09114 Chemnitz
          Contact:
          Martin Domay, Manager

          POSSL, WILLE MATHERN
          Christoph Mathern, Insolvency Manager
          Kanzlerstr. 32, 09112 Chemnitz
          Web site: http://www.poessl.com


FLORA-BETON: Gives Creditors Until January to File Claims
---------------------------------------------------------
The district court of Flensburg opened bankruptcy proceedings
against Flora-Benton GmbH on Nov. 1.  Consequently, all pending
proceedings against the company have been automatically stayed.
Creditors have until Jan. 5, 2005 to register their claims with
court-appointed provisional administrator Jan H. Wilhelm.

Creditors and other interested parties are encouraged to attend
the meeting on Jan. 26, 2005, 10:00 a.m. at Saal A 220 im
Amtsgericht Flensburg at which time the administrator will
present his first report of the insolvency proceedings.  The
court will also verify the claims set out in the administrator's
report during this meeting, while creditors may constitute a
creditors committee and or opt to appoint a new insolvency
manager.

The company manufactures concrete elements for use in
landscaping.

CONTACT:  FLORA-BETON GMBH & CO. KG
          Contact:
          Axel Buchsenschutz, Manager
          Seeberg 22, 24850 Lurschau

          Jan H. Wilhelm, Insolvency Manager
          Albert-Einstein-Ring 11, 22761 Hamburg


GRUNDSTUCKSVERWERTUNG BIRINGER: Creditors' Meeting Set January
--------------------------------------------------------------
The district court of Frankfurt am Main opened bankruptcy
proceedings against Grundstucksverwertung Biringer Gesellschaft
on October 19, 2004.  Consequently, all pending proceedings
against the company have been automatically stayed.  Creditors
have until November 29, 2004 to register their claims with
court-appointed provisional administrator Dr. Gerhard Th.
Walter.

Creditors and other interested parties are encouraged to attend
the meeting on January 10, 2005, 8:45 a.m. at the district court
of Frankfurt am Main, Gebaude F, Klingerstrasse 20, 60313 at
which time the administrator will present his first report of
the insolvency proceedings.  The court will also verify the
claims set out in the administrator's report during this
meeting, while creditors may constitute a creditors committee
and or opt to appoint a new insolvency manager.

CONTACT:  GRUNDSTUCKSVERWERTUNG BIRINGER GESELLSCHAFT
          Altkonigstrasse 14
          65824 Schwalbach
          Manfred Bacher, Manager

          Dr. Gerhard Th. Walter, Insolvency Manager
          Cronstettenstrasse 30
          60322 Frankfurt am Main
          Phone: 069/9591100
          Fax: 069/95911012


KAFKAS HOCH: Under Bankruptcy Administration
--------------------------------------------
The district court of Frankfurt am Main opened bankruptcy
proceedings against Kafkas Hoch- und Tiefbau GmbH on October 21,
2004.  Consequently, all pending proceedings against the company
have been automatically stayed.  Creditors have until December
28, 2004 to register their claims with court-appointed
provisional administrator Dr. Jan Markus Plathner.

Creditors and other interested parties are encouraged to attend
the meeting on January 27, 2005, 9:40 a.m. at the district court
of Frankfurt am Main, Gebaude F, Klingerstrasse 20, 60313 at
which time the administrator will present his first report of
the insolvency proceedings.  The court will also verify the
claims set out in the administrator's report during this
meeting, while creditors may constitute a creditors committee
and or opt to appoint a new insolvency manager.

CONTACT:  KAFKAS HOCH- UND TIEFBAU GmbH
          Schon Strasse 28
          60327 Frankfurt am Main
          Kanber Kizilkaya, Manager

          Dr. Jan Markus Plathner, Insolvency Manager
          Lyoner Strasse 14
          60528 Frankfurt am Main
          Phone: 069/9623340
          Fax: 069/96233422


LUDWIGSLUST GMBH: Flensburg Court Appoints Administrator
--------------------------------------------------------
The district court of Flensburg opened bankruptcy proceedings
against concrete works Ludwigslust GmbH & Co. KG on Nov. 1.
Consequently, all pending proceedings against the company have
been automatically stayed.  Creditors have until Jan. 5, 2005 to
register their claims with court-appointed provisional
administrator Jan H. Wilhelm.

Creditors and other interested parties are encouraged to attend
the meeting on Jan. 26, 2005, 10:00 a.m. at Saal A 220, im
Amtsgericht Flensburg at which time the administrator will
present his first report of the insolvency proceedings.  The
court will also verify the claims set out in the administrator's
report during this meeting, while creditors may constitute a
creditors committee and or opt to appoint a new insolvency
manager.

Betonwerk sells gravel products, concrete and pre-cast concrete
parts.

CONTACT:  LUDWIGSLUST GMBH & CO. KG
          (Handelsregister Amtsgericht Schwerin HRA 123)
          Franzosengrund 2, 19288 Ludwigslust

          LUDWIGSLUST BETEILIGUNGS GMBH
          Contact:
          Axel Buchsenschutz, Manager
          Seeberg 22, 24850 Lurschau

          Jan H. Wilhelm, Insolvency Manager
          Albert-Einstein-Ring 11, 22761 Hamburg


MEDIATEAM IT: Administrator's Report Out Next Month
---------------------------------------------------
The district court of Berlin-Charlottenburg opened bankruptcy
proceedings against Mediateam IT GmbH on Oct. 25.  Consequently,
all pending proceedings against the company have been
automatically stayed.  Creditors have until Jan. 21, 2005 to
register their claims with court-appointed provisional
administrator Dr. Bjorn Gehde.

Creditors and other interested parties are encouraged to attend
the meeting on Dec. 13, 2004, 9:25 a.m. at the district court of
at which time the administrator will present his first report of
the insolvency proceedings.  The court will verify the claims
set out in the administrator's report on March 14, 2005, 9:10
a.m. at the district court of Charlottenburg Amtsgerichtsplatz
1, 14057 Berlin, II. Stock Saal 218.

CONTACT:  MEDIATEAM IT GMBH
          Lahnstr. 23,12055 Berlin

          Bjorn Gehde, Insolvency Manager
          Goethestr. 85, 10623 Berlin


MMS FORDERTECHNIK: Creditors' Meeting Set December
--------------------------------------------------
The district court of Berlin-Charlottenburg opened bankruptcy
proceedings against MMS Fordertechnik GmbH und Langenberger &
Co. KG on Oct. 26.  Consequently, all pending proceedings
against the company have been automatically stayed.  Creditors
have until Jan. 21, 2005 to register their claims with court-
appointed provisional administrator Rudiger Wienberg,
Markgrafenstrasse 25, 10117 Berlin.

Creditors and other interested parties are encouraged to attend
the meeting on Dec. 13, 2004, 9:20 a.m. at which time the
administrator will present his first report of the insolvency
proceedings.  The court will verify the claims set out in the
administrator's report on March 14, 2005, 9:05 a.m. at the
district court of Charlottenburg, Amtsgerichtsplatz 1, 14057
Berlin, II. Stock Saal 218.

CONTACT:  MMS FORDERTECHNIK GMBH UND LANGENBERGER & CO KG
          Wiener Str. 13,10999 Berlin

          Rudiger Wienberg, Insolvency Manager
          Markgrafenstrasse 25, 10117 Berlin


NEUSTADT-GLEWE: Provisional Administrator Takes over Operations
---------------------------------------------------------------
The district court of Flensburg opened bankruptcy proceedings
against concrete works Neustadt-Glewe GmbH on Nov. 1.
Consequently, all pending proceedings against the company have
been automatically stayed.  Creditors have until Jan. 5, 2005 to
register their claims with court-appointed provisional
administrator Jan. H. Wilhelm.

Creditors and other interested parties are encouraged to attend
the meeting on Jan. 26, 2005, 10:00 a.m. at Saal A 220 im
Amtsgericht Flensburg at which time the administrator will
present his first report of the insolvency proceedings.  The
court will also verify the claims set out in the administrator's
report during this meeting, while creditors may constitute a
creditors committee and or opt to appoint a new insolvency
manager.

CONTACT:  NEUSTADT-GLEWE GMBH
          (Handelsregister AG Schwerin HRB 2357)
          Brauereistrasse 26 a, 19306 Neustadt-Glewe

          Jan H. Wilhelm, Insolvency Manager
          Albert-Einstein-Ring 11, 22761 Hamburg


PARKKLINIK GLUCKSBURG: Claims Deadline Expires January
------------------------------------------------------
The district court of Flensburg opened bankruptcy proceedings
against Parkklinik Glucksburg GmbH & Co. KG on Nov. 1.
Consequently, all pending proceedings against the company have
been automatically stayed.  Creditors have until Jan. 12, 2005
to register their claims with court-appointed provisional
administrator Peter-Alexander Borchardt.

Creditors and other interested parties are encouraged to attend
the meeting on Jan. 19, 2005, 11:00 a.m. at Saal A 220 im
Amtsgericht Flensburg at which time the administrator will
present his first report of the insolvency proceedings.  The
court will verify the claims set out in the administrator's
report on Jan. 28, 2005, 10:35 a.m. at the same venue.

CONTACT:  PARKKLINIK GLUCKSBURG GMBH & CO. KG
          (HRA 4327 Handelsregister AG Flensburg)
          Contact:
          Werner Bred, Manager
          Ruhetaler Weg 2 a, 24960 Glucksburg

          Peter-Alexander Borchardt, Insolvency Manager
          c/o Schomerus & Partner
          Deichstrasse 1, 20459 Hamburg


VEREINS MARINE: Creditors Claims Due December
---------------------------------------------
The district court of Flensburg opened bankruptcy proceedings
against Vereins Marine und Kraftfahrt-Bundesamt Kinderbetreuung
Flensburg e. V. on Nov. 1.  Consequently, all pending
proceedings against the company have been automatically stayed.
Creditors have until Dec. 10, 2004 to register their claims with
court-appointed provisional administrator Ygglev Stintzing.

Creditors and other interested parties are encouraged to attend
the meeting on Jan. 5, 2005, 10:00 a.m. at Saal A 220 im
Amtsgericht Flensburg at which time the administrator will
present his first report of the insolvency proceedings.  The
court will also verify the claims set out in the administrator's
report during this meeting, while creditors may constitute a
creditors committee and or opt to appoint a new insolvency
manager.

CONTACT:  VEREINS MARINE UND KRAFTFAHRT-BUNDESAMT
          KINDERBETREUUNG FLENSBURG E. V.
          (VR 1553 AG Flensburg)
          Contact:
          Thomas Lingner, Chairman
          Kelmstrasse 11, 24944 Flensburg

          Ygglev Stintzing, Insolvency Manager
          Rathausstrasse 1, 24937 Flensburg


=========
I T A L Y
=========


CIRIO: Former Sanpaolo Execs Deny Abetting Collapse
---------------------------------------------------
Former top honchos of banking firm Sanpaolo denied involvement
in the collapse of food group, Cirio, during a magistrate
hearing Monday, La Stampa says.

Prosecutors probing Cirio's collapse accused Rainer Masera and
Luigi Maranzana, former Sanpaolo chairman and chief executive
respectively, of contributing EUR10.5 million to a syndicated
loan despite knowing Cirio's financial fix.  The loan was
guaranteed through shares in football club SS Lazio, which was
owned by Cirio majority stakeholder Sergio Cragnotti.
Prosecutors also alleged that Sanpaolo profited from selling
high-risk Cirio bonds to retail customers, which reduced the
bank's debt exposure.

Mr. Masera denied knowledge of Cirio's financial trouble, as
Bank of Italy, market regulator Consob and ratings agency
Moody's did not give any such indication.  For his part, Mr.
Maranzana said Sanpaolo IMI did not sell Cirio bonds to reduce
its debt exposure because the food group's debt was guaranteed
by Banca di Roma and by shares.  Mr. Maranzana added 70% of
2,500 Cirio customers, who requested the high-risk bonds, sold
Sanpaolo's investment products to acquire the bonds.

CONTACT:  CIRIO DEL MONTE ITALIA S.p.A.
          Legal Address:
          Via Augusto Valenziani,
          10 - 00187 Rome
          Phone: 06 421761
          Fax: 06 42176230

          Administrative Address:
          Strada Provinciale per Podenzano,
          10 - 29010 San Polo di Podenzano
          Phone: 0523 536123
          Fax: 0523 379257
          Web site: http://www.cirio.it


PARMALAT: Probe Twists to Former Cirio Heads
--------------------------------------------
Prosecutors probing the collapse of ailing dairy giant Parmalat
will investigate Sergio Cragnotti and Filippo Fucille, both
former executives of Cirio, the Associated Press says.

Prosecutors will question Mr. Cragnotti and his son-in-law
regarding the food group's 1999 sale of milk firm Eurolat to
former Parmalat chief and founder Calisto Panzani.  Prosecutor
included the sale in its probe, as it was done when Parmalat was
already experiencing financial difficulties.  Mr. Cragnotti and
Mr. Fucille were Cirio's erstwhile chairman and financial
director, respectively.

Parmalat collapsed in December 2003 after admitting it did not
have EUR3.9 billion in a Bank of America account, as claimed.
An audit revealed the dairy group has around EUR14.3 billion in
debt, eight times higher than what appeared on its accounts.
Prosecutors believe Parmalat had been falsifying accounts for
several years before its breakdown.

Authorities arrested Mr. Cragnotti and Mr. Fucile in February
for their alleged involvement in a massive fraud in Cirio, which
defaulted over EUR1 billion in bonds in 2002.

CONTACT:  PARMALAT FINANZIARIA S.p.A.
          Legal Seat
          43044 Collecchio (Pr)
          Via Oreste Grassi, 26

          Administrative Seat
          20122 Milan
          Piazza Erculea, 9
          Phone: +39 02 806 8801
          Fax: +39 02 869 3863
          Web site: http://www.parmalat.net


=====================
N E T H E R L A N D S
=====================


LAURUS N.V.: Announces Terms of EUR200 Million Rights Offering
--------------------------------------------------------------
Laurus N.V. is launching a one for one rights offering of
57,304,493 new shares at an issue price of EUR3.49 per share
through the grant of transferable subscription rights to its
existing shareholders pro rata to their shareholdings, subject
to applicable securities laws.

It intends to use the net proceeds to repay a substantial part
of our existing indebtedness and, subsequently, as it proceed to
implement our strategy for each of our banners, to draw down in
stages the necessary amounts under credit facilities to fund the
implementation of this strategy.  The Offering will also have
the effect of strengthening shareholders' equity.

Casino Guichard-Perrachon S.A., the indirect holder of 38.7% of
our current issued shares, has agreed to exercise its
Subscription Rights in full and to purchase the Subscription
Rights that ABN AMRO Bank N.V., ING Bank N.V. and Rabobank or
their affiliates (together the Lending Banks) will receive in
relation to their 12.5% shareholding in Laurus (that is held
subject to a call option and lock-up agreement entered into with
Casino in 2002).  Casino has also agreed that it will exercise
the Subscription Rights acquired from the Lending Banks in full.
The remaining 48.8% of the Rights Offering is fully underwritten
by ABN AMRO Rothschild, ING Investment Banking and Rabo
Securities (together the underwriters).

For each share held at 5:40 p.m., Central European Time, on 9
Nov. -- excluding shares held by us in our own capital -- a
shareholder will receive one Subscription Right.  Eligible
holders will be entitled to subscribe for one Offer Share for
every Subscription Right held.  Accordingly, eligible holders
will have the right to subscribe for one Offer Share for every
share held on the Record Date.  As from 10 Nov. 2004, Laurus'
shares will trade ex-Subscription Rights.

The Rights Offering is not a statutory pre-emptive rights
offering.  Laurus is not taking any action to permit a granting
of the Subscription Rights or a public offering of the Offer
Shares in any jurisdiction outside The Netherlands.  We are
granting the Subscription Rights and offering the Offer Shares
(pursuant to the distribution of Subscription Rights or
otherwise) only in those jurisdictions in which, and only to
those persons to which, grants of Subscription Rights and offers
and sales of Offer Shares may lawfully be made.  Neither the
Subscription Rights nor the Offer Shares have been or will be
registered under the U.S. Securities Act of 1933, as amended or
under the securities laws of any state or other jurisdiction of
the United States or with any securities regulatory authority of
any state or other jurisdiction in the United States.

Accordingly, neither the Subscription Rights nor the Offer
Shares may be offered, granted, issued, sold, pledged or
otherwise transferred or encumbered within the United States,
except in certain transactions that are exempt from registration
under the Securities Act and in compliance with any applicable
securities laws.

                 Details of the Rights Offering

The following details are subject to the more detailed terms of
the Rights Offering that will be set out in the prospectus for
the Rights Offering, which is available as from Nov. 10.

Exercise of Subscription Rights

Eligible persons may subscribe for Offer Shares by exercising
their Subscription Rights during the period commencing at 9:00
a.m. (CET) on 10 November 2004 and ending at 3:30 p.m. (CET) on
22 November 2004.  The last date and/or time before which
investors may validly give notification of exercise instructions
may be earlier, depending on the instructions of the financial
institution through which their Subscription Rights are held.
Once investors have exercised their Subscription Rights, they
may not revoke or modify that exercise.  If investors have not
exercised their Subscription Rights before the end of the
exercise period, they will no longer be able to exercise their
Subscription Rights.

Trading in Subscription Rights

Trading in the Subscription Rights on Euronext Amsterdam is
expected to commence at 9:00 a.m. (CET) on 10 November 2004, and
will continue until 1:15 p.m. (CET) on 22 November 2004.  The
Subscription Rights will be traded under the symbol LAUIR.  The
transfer of Subscription Rights will take place through the
book-entry systems of Euroclear Netherlands, Euroclear and
Clearstream.  If investors want to sell some or all of their
Subscription Rights and they hold their shares through a
financial intermediary, they should instruct their financial
intermediary in accordance with the instructions given by such
financial intermediary.

Investors may also instruct their financial intermediary to
purchase Subscription Rights on their behalf.  Persons
interested in selling or purchasing Subscription Rights should
be aware that the exercise of Subscription Rights by holders who
are located in countries other than The Netherlands is subject
to restrictions as described in more detail in the Prospectus.

Unexercised Subscription Rights

Subscription Rights will no longer be exercisable after 3:30
p.m. (CET) on 22 Nov. 2004, which is the end of the exercise
period.  After the exercise period has ended, the Underwriters
will, subject to the terms and conditions of an Underwriting
Agreement, commence the offering of the Offer Shares not
subscribed for during the exercise period (referred to as the
"Rump Offering" and, together with the "Rights Offering", as the
"Offering").

The Underwriters have agreed to endeavor to procure purchasers
through private placements of any rump shares at a price, which
is at least equal to the total of the issue price and any
expenses related to procuring such purchasers (including any
value added tax).  The offer of the rump shares, if any, is
expected to commence on 23 Nov. 2004, and to end no later than
5:30 p.m. (CET) on the same date.  Any Offer Shares not
subscribed for through the exercise of Subscription Rights in
the Rights Offering or sold by the Underwriters in the Rump
Offering will be subscribed for by the Underwriters at the issue
price.

A full copy of this press release is available free of charge at
http://bankrupt.com/misc/LaurusNV_offering.pdf.

                            *   *   *

NOT FOR DISTRIBUTION IN THE UNITED STATES, CANADA, AUSTRALIA,
JAPAN OR ITALY

CONTACT:  LAURUS N.V.
          Parallelweg 64 5223
          AL Hertogenbosch
          Web site: http://www.laurus.nl


NEW SKIES: Sets Dates for Distribution of Liquidation Proceeds
--------------------------------------------------------------
The liquidator of New Skies Satellites N.V. (NYSE:NSK)(AEX:NSK)
resolved to make a provisional liquidation distribution
("uitkering bij voorbaat") to New Skies' shareholders of US$7.55
per ordinary share, representing approximately 95% of the net
proceeds of the sale.

Holders of ordinary shares traded on Euronext Amsterdam and
American Depository Shares (ADSs) traded on the New York Stock
Exchange are entitled to a distribution on the shares that were
registered in their name on Nov. 2, 2004, as of the close of
business.  Holders of ordinary shares traded on Euronext
Amsterdam will receive an amount per share of EUR5.8245 through
the affiliated institutions with Euroclear Nederland on November
17, 2004.  Holders of ADSs traded on the New York Stock Exchange
will receive an amount per share of US$7.55 on Nov. 17, 2004.
Distributions with respect to ADSs shall be made by The Bank of
New York.

Holders of registered shares that were registered as such in New
Skies' share register on Nov. 2, 2004, are entitled to an amount
per share of US$7.55.  Distributions with respect to registered
shares will be made directly by New Skies.

Final Distribution

Following this initial distribution, holders of ordinary bearer
and registered shares and ADSs are entitled to a final
distribution on the ordinary shares and ADSs, respectively, that
were registered in their name as of the close of business on
Nov. 2, 2004.

This final distribution will constitute the remaining sale
proceeds and will be made following the expiration of the
statutory two-month opposition period in connection with the
company's liquidation and provided that any potential opposition
has been taken into account and subject to final verification by
the liquidator immediately prior to payment.

Further information of the final distribution to shareholders
will be provided when the relevant dates have been determined.

Trade Suspension and De-listing

Trading in the company's ordinary shares on Euronext Amsterdam
and the ADSs on the New York Stock Exchange is suspended and
will continue to be suspended until the effective date of de-
listing from both exchanges, which is expected to be shortly
after the expiration of the statutory two-month opposition
period and consequent payment of the final distribution.

About New Skies Satellites N.V. in liquidation

On June 5, 2004, New Skies Satellites N.V. signed a definitive
agreement for the sale of substantially all of its assets and
liabilities to New Skies Satellites B.V., an affiliate of The
Blackstone Group, a leading private investment firm, for US$956
million in cash, equivalent to approximately US$7.96 per fully
diluted share.  New Skies Satellites N.V. began formal
liquidation proceedings in the Netherlands following the closing
of the transaction on Nov. 2, 2004.  Its former business and
operations are now being operated by the acquiring company, New
Skies Satellites B.V.

CONTACT:  NEW SKIES SATELLITES
          Corporate Communications
          Jeff Bothwell
          Phone: +31 70 306 4239
          E-mail: Jbothwell@newskies.com
          or
          Investor Relations
          Boris Djordjevic
          Phone: +31 70 306 4183
          E-mail: bdjordjevic@newskies.com


ROYAL AHOLD: U.S. Retail CEO Retiring Next Month
------------------------------------------------
Koninklijke Ahold on Nov. 16, 2004 announced that Bill Grize,
President and CEO of Ahold U.S. Retail, will be stepping down
from the Ahold Corporate Executive Board at the end of December
2004, in preparation for his retirement.  As of January 2005,
Marc Smith, CEO of the Stop & Shop/Giant-Landover arena, and
Tony Schiano, CEO of the Giant-Carlisle/Tops arena, will report
directly to Ahold President & CEO Anders Moberg.

"We all thank Bill for giving a lifetime of service to our
company and our people," commented Anders Moberg.  "He has
touched many people's lives, and has made the U.S. retail
operations more customer-focused as a result of his leadership.
Bill's legacy will be his unwavering commitment to our people,
especially those who serve our customers, and our challenge is
to uphold and carry forward that commitment."

Mr. Grize joined Stop & Shop almost 40 years ago as a part-timer
in the stores, and rose through the ranks to ultimately become
the President of Stop & Shop, serving from December 1997.  In
September 2000 he became President and CEO of Ahold U.S. Retail,
and was appointed to the Ahold Corporate Executive Board in
April 2001.

In his executive capacities Mr. Grize represented Ahold
externally in a variety of roles.  He has served as a member of
the Executive Board of the Food Marketing Institute (FMI), as
Chairman of the FMI Industry Relations Council, and as Chairman
of the Retail Trustees of the Joint Labor Management Committee.
In past years he has served at several other organizations,
including the Dana Farber Cancer Institute, the Uniform Code
Council and EAN International (now collectively known as GS1).

Commenting on his approaching retirement, Mr. Grize said: "With
the organizational changes within Ahold's U.S. retail operations
on track and with Ahold well on the `Road to Recovery,' it's a
logical time for me to begin my transition to retirement.  I
have great hope for Ahold's future, and tremendous confidence in
our people.  I wish everyone the best, and thank everyone in the
organization for their support, friendship, and unceasing hard
work and loyalty."

CONTACT:  ROYAL AHOLD
          Corporate Communications
          Phone: +31.75.659.5720


===========
N O R W A Y
===========


PETROLEUM GEO-SERVICES: Restatements Hit Retained Earnings
----------------------------------------------------------
Petroleum Geo-Services A.S.A. (OSE: PGS; OTC: PGEOY) announced
Tuesday it has filed its Annual Report on Form 20-F for the year
ended Dec. 31, 2003, including audited consolidated financial
statements prepared in accordance with U.S. generally accepted
accounting principles (U.S. GAAP) for the years ended Dec. 31,
2003, 2002 and 2001.  PGS' auditors have issued an unqualified
opinion on these U.S. GAAP consolidated financial statements.

The 2003 audited financial statements also give effect to the
Company's financial restructuring and emergence from Chapter 11
proceedings in November 2003 and its adoption of fresh start
reporting as further described below.

The completion of the Form 20-F represents an important
milestone in the process of returning to timely financial
reporting in accordance with U.S. GAAP.

                          Restatements

In connection with finalizing the audited statements, PGS has
restated previously published audited consolidated financial
statements for the year ended Dec. 31, 2001.  The Company has
also restated the Jan. 1, 2001 consolidated balance sheet to
reflect adjustments that relate to periods prior to 2001.  While
these adjustments affect various items in the consolidated
statement of cash flows, they generally are non-cash in nature.
The Company does not expect these adjustments and the
restatements to have a significant effect on its future
operations, financial obligations or liquidity.

The effect of the restatements was a US$204 million reduction of
retained earnings as of Jan. 1, 2001 and a US$177 million
reduction in net income (loss) for the year ended December 31,
2001.  While PGS had not previously published audited U.S. GAAP
consolidated financial statements for 2002 (it only disclosed
unaudited financial statements), as compared to the unaudited
2002 results previously disclosed, the audited 2002 figures show
a reduction in the net losses for the year of US$217 million.

In light of the restatements for 2001 and adjustments to 2002,
the Company advises investors not to rely on audited U.S. GAAP
financial statements previously published for 2001 and prior
periods or on unaudited U.S. GAAP financial statements
previously disclosed for 2002 and quarterly periods during
periods prior to 2003 and the first three quarters of 2003
(after which the Company released results only under Norwegian
GAAP).

The following table summarizes the effects of the restatements
on January 1, 2001 retained earnings (deficit) and on the net
income (loss) for the year ended Dec. 31, 2001.

                        Retained earnings         Net income
                            (deficit)               (loss)
                          as of                   year ending
                      January 1, 2001         December 31, 2001

(in thousands of
dollars)

As Reported
                           $94,410                $4,453


Restatements:

Revenue recognition        (25,297)               (2,697)

Multi- client library
(cost capitalization,
impairment and
amortization)              (100,214)             (37,649)

FPSOs (cost
capitalization,
impairment and
depreciation)              (59,981)              (63,674)

Asset retirement
obligation for
Banff field                 (7,060)               (3,356)

Contract loss accruals      40,132               (31,532)

Lease accounting            (4,980)              (23,269)

Ceiling test for
oil and natural gas assets     -                 (20,817)

U.K.  leases               (41,202)                1,163

Taxes                       53,825                 3,208

Other adjustments          (59,496)                1,691


As restated            US$(109,863)          US$(172,479)

                     Fresh Start Reporting

The Company, which emerged from Chapter 11 on November 5, 2003,
adopted fresh start reporting for financial statement purposes,
effective Nov. 1, 2003 in accordance with the American Institute
of Certified Public Accountants Statement of Position No. 90-7,
"Financial Reporting by Entities in Reorganization under the
Bankruptcy Code" ("SOP 90-7").  Under SOP 90-7, the Company is
required to adjust the recorded value of its assets and
liabilities to reflect their fair market value as of the date it
emerged from Chapter 11.

On March 16, 2004, the Company reported an unaudited,
preliminary fresh start U.S. GAAP consolidated balance sheet as
of November 1, 2003.  In the process of completing the financial
statements included in the Form 20-F, some changes have been
made to the previously reported unaudited, preliminary fresh
start U.S. GAAP consolidated balance sheet as of November 1,
2003.  The changes result in a net increase in shareholders'
equity of US$35 million.  The most significant changes are
reporting senior secured and unsecured notes at fair value in
the reorganization (face value) versus fair value in the market
during the period immediately after emerging from Chapter 11, as
previously provisionally reported (thereby reducing debt by
US$38 million) and making a provision (amounting to US$28
million) under fresh start reporting for certain tax exposures
related to the Company's UK lease obligations.

                   Future U.S. GAAP Reporting

PGS expects to return to reporting its interim financial
information on a U.S. GAAP basis commencing with its
announcement of 2004 preliminary annual results in the first
quarter of 2005.

              Norwegian GAAP Financial Statements

PGS is currently assessing the effects, if any, that the U.S.
GAAP financial statement restatements and adjustments might have
on its consolidated financial statements prepared in accordance
with Norwegian GAAP and will report such effects when it has
concluded that assessment.

                ADR listing in the United States

As previously stated, PGS intends to pursue listing its American
Depositary Receipts on a U.S. National Securities Exchange or
the Nasdaq Stock Market.

                      Material Weaknesses

In the Form 20-F, PGS also updated the status of its efforts to
address previously disclosed material weaknesses in its internal
controls over financial reporting.  PGS has taken extensive
action to address the material weaknesses and has developed and
is actively implementing a plan to remediate those weaknesses.
While the actions the Company has taken have significantly
improved the quality of its internal controls over financial
reporting, as of the date of filing the Form 20-F the Company
has not eliminated all material weaknesses that were previously
identified.  PGS is committed to remediating the material
weaknesses and deficiencies in internal controls over financial
reporting as expeditiously as possible.

                      Further Information

A copy of the Company's Annual Report on Form 20-F for the year
ended Dec. 31, 2003 is on file with the U.S. Securities and
Exchange Commission (S.E.C.) and is available for viewing and/or
downloading at http://www.sec.gov(reference EDGAR Central Index
Key #0000902053) or go to http://www.pgs.com. Select the link
to "Investor Relations", "Financial Reports" then "SEC Filings".

Petroleum Geo-Services is a technologically focused oilfield
service company principally involved in geophysical and floating
production services.  PGS provides a broad range of seismic- and
reservoir services, including acquisition, processing,
interpretation, and field evaluation.  PGS owns and operates
four floating production, storage and offloading units (FPSOs)
and owns a small oil and gas company.  PGS operates on a
worldwide basis with headquarters at Lysaker, Norway.  For more
information on Petroleum Geo-Services visit http://www.pgs.com.

CONTACT:  PETROLEUM GEO-SERVICES
          Ola Bosterud
          Sam R. Morrow
          Svein T. Knudsen
          Phone: +47 6752 6400

          Suzanne M. McLeod
          Phone: +1 281-589-7935


===========
R U S S I A
===========


APC MELKRUK: Stavropol Court Appoints Insolvency Manager
--------------------------------------------------------
The Arbitration Court of Stavropol region has commenced
bankruptcy supervision procedure on close joint stock company
APC Melkruk.  The case is docketed as A63-223/04-S5.  Mr. A.
Zhidenko has been appointed temporary insolvency manager.

Creditors may submit their proofs of claim to 355000, Russia,
Stavropol region, Stavropol, Lenina Str. 394, 4th floor, office
2.  A hearing will take place on December 23, 2004, 11:00 a.m.

CONTACT:  APC MELKRUK
          Russia, Stavropol region, Stavropol,
          Lermontova Str. 116A

          Mr. A. Zhidenko
          Temporary Insolvency Manager
          355000, Russia, Stavropol region, Stavropol,
          Lenina Str. 394, 4th floor, Office 2
          Phone/Fax: (8652) 25-85-39


APEKS: Bankruptcy Hearing Resumes January Next Year
---------------------------------------------------
The Arbitration Court of Perm region has commenced bankruptcy
supervision procedure on open joint stock company Apeks.  The
case is docketed as A50-32182/2004-B.  Mr. A. Knyazev has been
appointed temporary insolvency manager.

Creditors may submit their proofs of claim to 614990, Russia,
Perm, Leonova Str. 23-1.  A hearing will take place on January
18, 2005, 11:30 a.m.

CONTACT:  APEKS
          617830, Russia, Perm region,
          Chernushka, Telmana Str. 75

          Mr. A. Knyazev
          Temporary Insolvency Manager
          614990, Russia, Perm, Leonova Str. 23-1
          Phone/Fax: (3422) 20-08-53, 26-97-82


BAKSAN-PISHE-PROM: Hires A. Abazov as Insolvency Manager
--------------------------------------------------------
The Arbitration Court of Kabardino Balkariya republic has
commenced bankruptcy supervision procedure on open joint stock
company Baksan-Pishe-Prom.  Mr. A. Abazov has been appointed
temporary insolvency manager.

CONTACT:  BAKSAN-PISHE-PROM
          Russia, Kabardino Balkariya republic


BUNKERING TERMINAL: Under Bankruptcy Supervision
------------------------------------------------
The Arbitration Court of Saint-Petersburg and the Leningrad
region has commenced bankruptcy supervision procedure on open
joint stock company Bunkering Terminal.  The case is docketed as
A56-17190/04.  Mr. A. Shutilov has been appointed temporary
insolvency manager.  Creditors may submit their proofs of claim
to 191060, Russia, Saint-Petersburg, Smolnogo Str. 1/3, Entrance
6.  A hearing will take place on December 16, 2004.

CONTACT:  Mr. A. Shutilov
          Temporary Insolvency Manager
          191060, Russia, Saint-Petersburg,
          Smolnogo Str. 1/3, Entrance 6


CRYSTAL: Undergoes Bankruptcy Supervision Procedure
---------------------------------------------------
The Arbitration Court of Severnaya Osetiya republic - Alaniya
has commenced bankruptcy supervision procedure on state unitary
enterprise mozdokskiy factory Crystal.  The case is docketed as
A61-1034/04-11.  Ms. G. Kuznetsova has been appointed temporary
insolvency manager.  Creditors may submit their proofs of claim
to 362013, Russia, Severnaya Osetiya republic - Alaniya,
Vladikavkaz, Gvardeyskaya Str. 45-A, Apartment 34.

CONTACT:  CRYSTAL
          363750, Russia, Severnaya Osetiya republic
          Alaniya, Mozdokskiy region, Kalininskiy,
          Beregovaya Str. 2

          Ms. G. Kuznetsova
          Temporary Insolvency Manager
          362013, Russia, Severnaya Osetiya republic - Alaniya,
          Vladikavkaz, Gvardeyskaya Str. 45-A, apartment 34


GAVRILOV-YAMSKIY DAIRY: Insolvency Manager Takes over Operations
----------------------------------------------------------------
The Arbitration Court of Yaroslavl region has commenced
bankruptcy supervision procedure on open joint stock company
Gavrilov-Yamskiy Dairy Factory.  The case is docketed as A82-
4517/04-3-B/24.  Mr. D. Pelevin has been appointed temporary
insolvency manager.  Creditors may submit their proofs of claim
to 150014, Russia, Yaroslavl, S.-Shedrina Str. 30.

CONTACT:  GAVRILOV-YAMSKIY DAIRY FACTORY
          152240, Russia, Yaroslavl region,
          Gavrilov-Yam, Pobedy Str. 2a

          Mr. D. Pelevin
          Temporary Insolvency Manager
          150014, Russia,
          Yaroslavl, S. Shedrina Str. 30


INDUSTRY & CONSTRUCTION: Individual Rating Affirmed at 'D'
----------------------------------------------------------
Fitch Ratings affirmed Russia-based Industry & Construction
Bank, St. Petersburg's (ICB) ratings at Long-term 'B', Short-
term 'B', Individual 'D' and Support '4'.  The Outlook for the
Long-term rating remains Stable.

The Long-term, Short-term and Individual ratings reflect ICB's
low capitalization, its non-market terms related party business,
high concentration in the loan book and market risk appetite.
However, they also take into account its strong regional
franchise in the northwest of Russia, and the growth of its
operations outside its home region, which should enable it to
diversify its customer base and revenues.

ICB's risks should be viewed in the context of its important
role within a wider financial industrial group, whose
investments are assembled under the umbrella of Bankers' House
St Petersburg.  ICB tends to be used as a tool in the
implementation of the group's strategy, which may not always be
to the bank's benefit.  Nonetheless, ICB's franchise extends
much beyond the group companies.

In September 2004, a Memorandum of Understanding was signed
between ICB's controlling shareholders and Vneshtorgbank (VTB),
a Russian state-owned bank (rated Long-term foreign currency
'BB+'), providing for the sale to VTB later this year of a 25%
plus one share in ICB, together with an option to purchase a
further stake of 51% minus one share in the bank.  However, no
legally binding agreement has yet been signed by the parties,
and negotiations on some of the terms of the transaction are
still ongoing.  In addition, the transaction has yet to be
approved by VTB's governing bodies and reviewed by the
regulatory authorities.  Fitch expects to review the ratings of
ICB as the transaction moves towards conclusion.

Despite falling margins, ICB's performance improved in 2003 as a
result of lower loan loss provisions, higher securities gains,
and increased net fee and commission income.  However, the
bottom line was also affected by the bank's high cost/income
ratio.  Annualized performance ratios did not change
significantly in H104 compared to those in 2003.

The loan book grew strongly in 2003 and H104, but concentration
by customer remains significant.  Although related party lending
fell in 2003, it was still high as a percentage of equity.
Asset quality improved in 2003 and reserve coverage of doubtful
and loss loans was good, although standard loans may be under-
reserved.  ICB's securities trading operations, together with
significant trading limits, expose the bank to significant
market risk.  ICB's customer funding remains short-term and
fairly concentrated on a few large corporates, although the bank
has successfully developed retail funding.  Capitalization is
low and with no capital injections planned and profitability
less than strong, capitalization is unlikely to improve.

ICB is based in St. Petersburg and has a branch network covering
most of the northwest region and some cities in central, eastern
and southern Russia.  In 2003, the bank acquired a small bank in
Ekaterinburg.  ICB is currently ranked among the top 10 Russian
banks by assets and boasts strong market shares in its corporate
business in the North-West of Russia, as well as 8% of local
retail deposits.  The bank is a part of a financial industrial
group, whose investments are in pulp and paper, timber,
food/food processing and building materials industries.  The
founders of the group are also ICB's controlling shareholders.

CONTACT:  FITCH RATINGS
          James Longsdon, London
          Phone: +44 20 7417 4309

          James Watson
          Phone: + 44 20 7417 4360

          Vladlen Kuznetsov, Moscow
          Phone: +7 095 956 9901

          Media Relations:
          Campbell McIlroy, London
          Phone: +44 20 7417 4327


ISKRA: Ulyanovsk Court Opens Bankruptcy Proceedings
---------------------------------------------------
The Arbitration Court of Ulyanovsk region has commenced
bankruptcy supervision procedure on open joint stock company
Iskra.  The case is docketed as A72-9544/04-21/37-B.  Mr. A.
Sazhnov has been appointed temporary insolvency manager.
Creditors may submit their proofs of claim to 432063, Russia,
Ulyanovsk, Post User Box 7016.

CONTACT:  Mr. A. Sazhnov
          Temporary Insolvency Manager
          432063, Russia, Ulyanovsk,
          Post User Box 7016


KORVET: Bankruptcy Hearings Resume Next Month
---------------------------------------------
The Arbitration Court of Tyumen region has commenced bankruptcy
supervision procedure on investment financial company Korvet
(TIN 7202072258).  The case is docketed as A70-7093/3-1004.  Mr.
F. Bekshenev has been appointed temporary insolvency manager.
Creditors may submit their proofs of claim to 625026, Russia,
Tyumen, Respubliki Str. 144.  A hearing will take place on
December 16, 2004, 9:00 a.m.

CONTACT:  KORVET
          625000, Russia, Tyumen,
          Respubliki Str. 61, Office 610

          Mr. F. Bekshenev
          Temporary Insolvency Manager
          625026, Russia, Tyumen,
          Respubliki Str. 144


MONTAZH-LEG-MASH: Proofs of Claim Deadline Nears
------------------------------------------------
The Arbitration Court of Volgograd region has commenced
bankruptcy supervision procedure on close joint stock company
Montazh-Leg-Mash.  Mr. P. Zhdankov has been appointed temporary
insolvency manager. Creditors have until November 22, 2004 to
submit their proofs of claim to 400001, Russia, Volgograd,
Klinskaya Str. 38-2.

CONTACT:  MONTAZH-LEG-MASH
          404119, Russia,
          Volgograd region, Volzhskiy, P/O 19

          Mr. P. Zhdankov
          Temporary Insolvency Manager
          400001, Russia, Volgograd,
          Klinskaya Str. 38-2
          Phone: (8442) 94-25-76


SUKHONSKAYA SHIPPING: Declared Insolvent
----------------------------------------
The Arbitration Court of Vologda region has commenced bankruptcy
proceedings against Sukhonskaya Shipping Company after finding
the limited liability company insolvent.  The case is docketed
as A13-2974/04-25.  Mr. A. Mansurov has been appointed
insolvency manager.  Creditors have until December 8, 2004 to
submit their proofs of claim to 160029, Russia, Vologda,
Mashinostroitelnaya Str. 26.

CONTACT:  SUKHONSKAYA SHIPPING COMPANY
          Russia, Vologda,
          Mashinostroitelnaya Str. 26

          Mr. A. Mansurov
          Insolvency Manager
          160029, Russia, Vologda,
          Mashinostroitelnaya Str. 26


=========
S P A I N
=========


SOGECABLE SA: Manages to Contain 9-mth Loss with High Turnover
--------------------------------------------------------------
Pay television operator Sogecable managed to reduce its nine-
month loss for 2004 following an increase in its turnover, El
Pais says.

For the first nine months of the year, Sogecable booked EUR109
million in losses, a 24.2% improvement from its 2003
performance.  The TV operator's turnover rose by 26.4% to
EUR1.023 billion while its nine-month EBITDA, pegged at EUR220.4
million, exceeded its 2003 whole-year EBITDA by 29.1 percent.

For the third quarter alone, Sogecable booked an EBITDA of EUR81
million, the operator's third consecutive high since listing on
the stock exchange.

CONTACT:  Sogecable S.A.
          Avenida de los Artesanos
          6 28760 Tres Cantos
          Madrid
          Web site: http://www.sogecable.com

          Carlos Cerqueiro
          Investor Relations
          Phone: +34 91 736 71 02
          Fax: +34 91 736 89 11
          E-mail: ccerquei@sogecable.com

          Secretary General
          Phone: (+34) 91 736 70 25
          Fax: (+34) 91 736 89 05
          E-mail: SecGeneral@sogecable.com


===========
S W E D E N
===========


SKANDIA INSURANCE: Expects Negative 3rd-quarter Results
-------------------------------------------------------
Skandia Insurance's result is affected by external factors such
as changes in the stock market and interest rates.  Future
revenues, which are based on fund values, increase or decrease
as a result of these factors.

According to information presented in conjunction with the
interim report for the second quarter of 2004, a 1% increase in
the stock market would have a one-time effect on the operating
result of SEK82 million, and a 1% decrease would have a one-time
effect on the operating result of -SEK94 million.

Financial effects during the first half of 2004 were positive in
the amount of SEK245 million.  During the third quarter of 2004,
financial effects are expected to be negative and are estimated
to be in the range of SEK0 million to -SEK100 million.

Discontinued Operations

To facilitate comparisons, figures in the group overview, as
earlier in the year, will be reported excluding discontinued
operations.  This means that the capital gain from the sale of
the Japanese operation is not included in the operating result.

Comparison Figures

Starting with the reporting for the first quarter of 2004, all
tables with a geographic breakdown have been adapted to the new
organizational structure that was presented in a press release
on 16 April 2004.  The appended tables on pages 2 and 3 of this
release show the comparison figures according to the new
breakdown.

Skandia's interim report for the third quarter of 2004 will be
released on 18 November 2004.

CONTACT:  SKANDIA INSURANCE
          Harry Vos, Head of Investor Relations
          Phone: +46-8-788 3643


=============
U K R A I N E
=============


BILSHOVIK: Proofs of Claim Deadline Expires Tomorrow
----------------------------------------------------
The Economic Court of Harkiv region commenced bankruptcy
proceedings against Harkiv' Production Leather Association
Bilshovik (code EDRPOU 00307968) on September 30, 2004 after
finding the close joint stock company insolvent.  The case is
docketed as B-16927/2-39.  Arbitral manager Mr. A. Fedorchenko
(License Number AA 779212) has been appointed
liquidator/insolvency manager.

Creditors have until November 19, 2004 to submit their proofs of
claim to:

(a) HARKIV' PRODUCTION LEATHER ASSOCIATION BILSHOVIK
    61033, Ukraine, Harkiv region,
    Shevchenko Str. 327

(b) ECONOMIC COURT OF HARKIV REGION
    61022, Ukraine, Harkiv region,
    Svobodi Square, 5, Derzhprom, 8th entrance


DONBASENERGOBUD: Succumbs to Insolvency
---------------------------------------
The Economic Court of Donetsk region commenced bankruptcy
proceedings against Donbasenergobud (code EDRPOU 00119818) on
September 29, 2004 after finding the open joint stock company
insolvent.  The case is docketed as 5/118 b.  Arbitral manager
Mr. Andrij Shkoda (License Number AA 047978) has been appointed
liquidator/insolvency manager.  The company holds account number
26001002300869 at JSCB Raiffajzenbank of Ukraine, Donetsk
branch, MFO 335775.

CONTACT:  DONBASENERGOBUD
          83055, Ukraine, Donetsk region,
          Postishev Str. 127

          Mr. Andrij Shkoda
          Liquidator/Insolvency Manager
          84500, Ukraine, Donetsk region,
          Artemivsk, Sibirtsev Str. 17/320
          Phone: (06274) 69-65-35

          ECONOMIC COURT OF DONETSK REGION
          83048, Ukraine, Donetsk region,
          Artema Str. 157


INTEGRAL: Insolvency Manager to Temporarily Oversee Business
------------------------------------------------------------
The Economic Court of Zaporizhya region commenced bankruptcy
proceedings against Integral (code EDRPOU 24904019) on September
27, 2004 after finding the limited liability company insolvent.
The case is docketed as 25/176.  Mr. Oleksandr Osipenko (License
Number AA 783079) has been appointed liquidator/insolvency
manager.

Creditors have until today to submit their proofs of claim to:

(a) INTEGRAL
    Ukraine, Zaporizhya region,
    Kujbisheva

(b) Mr. Oleksandr Osipenko
    Liquidator/Insolvency Manager
    72100, Ukraine, Zaporizhya region,
    Primorsk, Shevchenko Str. 76

(c) ECONOMIC COURT OF ZAPORIZHYA REGION
    69001, Ukraine, Zaporizhya region,
    Shaumyana Str. 4


KASKAD: Bankruptcy Supervision Starts
-------------------------------------
The Economic Court of Kyiv region has commenced bankruptcy
supervision procedure on OJSC Kaskad (code EDRPOU 24583118).
The case is docketed as 23/527-B.  Arbitral manager Mrs.
Nataliya Snisarenko (License Number AA 249561) has been
appointed temporary insolvency manager.  The company holds
account number 26004200002005 at Ukrsocbank, Darnitske branch of
Kyiv region, MFO 322023.

Creditors had until November 13, 2004 to submit their proofs of
claim to:

(a) KASKAD
    02099, Ukraine, Kyiv region,
    Borispilska Str. 9, Body 61

(b) Mrs. Nataliya Snisarenko
    Temporary Insolvency Manager
    Ukraine, Kyiv region,
    Pivnichna Str. 2/58-189
    Phone: 240-98-45

(c) ECONOMIC COURT OF KYIV REGION
    01030, Ukraine, Kyiv region,
    B. Hmelnitskij Boulevard, 44-B


KERCH' GUSTATORY: AR Krym Opens Bankruptcy Proceedings
------------------------------------------------------
The Economic Court of AR Krym region commenced bankruptcy
proceedings against Kerch' Food-Gustatory Factory (code EDRPOU
00378945) on October 4, 2004 after finding the limited liability
company insolvent.  The case is docketed as 2-20/1656-2004.
Mrs. Katerina Ptitsina (License Number AA 669622) has been
appointed liquidator/insolvency manager.

The company holds account number 26008500015630 at JSCB
Ukrsocbank, Kerch branch, MFO 324098.

CONTACT:  KERCH' FOOD-GUSTATORY FACTORY
          Ukraine, AR Krym region,
          Kerch, Kursantiv Str. 15

          Mrs. Katerina Ptitsina
          Liquidator/Insolvency Manager
          98300, Ukraine, AR Krym region,
          Kerch, Bluher Str. 13/5
          Phone: 8 (06561) 2-02-20

          THE ECONOMIC COURT OF AR KRYM REGION
          95000, Ukraine, AR Krym region,
          Simferopol, Karl Marks Str. 18


SBS-FARMACIYA: Bankruptcy Proceedings Begin
-------------------------------------------
The Economic Court of Harkiv region commenced bankruptcy
proceedings against SBS-Farmaciya (code EDRPOU 22708395) on
October 11, 2004 after finding the limited liability company
insolvent.  The case is docketed as B-24/59-04.  Arbitral
manager Mr. V. Zarivajko (License Number AA 668332) has been
appointed liquidator/insolvency manager.

CONTACT:  SBS-FARMACIYA
          Ukraine, Harkiv region,
          Novgorodska Str. 20/74

          Mr. V. Zarivajko
          Liquidator/Insolvency Manager
          61002, Ukraine, Harkiv region,
          Petrovskij Str. 6/8-15
          Phone: (057) 700-55-97

          ECONOMIC COURT OF HARKIV REGION
          61022, Ukraine, Harkiv region,
          Svobodi Square, 5, Derzhprom, 8th entrance


SHID-AGRO: Court Brings in Temporary Insolvency Manager
-------------------------------------------------------
The Economic Court of Lugansk region has commenced bankruptcy
supervision procedure on Agricultural LLC Shid-Agro (code EDRPOU
20622690).  The case is docketed as 11/49 B.  Mr. Oleksij
Shvidko (License Number AA 719866) has been appointed temporary
insolvency manager.  The company holds account number
26005301100861 at Prominvestbank, Rubizhne branch, MFO 304643.

Creditors had until November 13, 2004 to submit their proofs of
claim to:

(a) SHID-AGRO
    92900, Ukraine, Lugansk region,
    Kreminskij District, Baranikivka

(b) Mr. Oleksij Shvidko
    Temporary Insolvency Manager
    91000, Ukraine, Lugansk region,
    Norinskij Quarter, 5/132

(c) ECONOMIC COURT OF LUGANSK REGION
    91000, Ukraine, Lugansk region,
    Geroiv VVV Square, 3a


SKIF: Gives Creditors Until Tomorrow to File Claims
---------------------------------------------------
The Economic Court of Chernigiv region commenced bankruptcy
proceedings against Skif (code EDRPOU 30795068) on September 29,
2004 after finding the limited liability company insolvent.  The
case is docketed as 9/128-B.  Mr. Volodimir Ivashko (License
Number AA 419446) has been appointed liquidator/insolvency
manager.

Creditors have until tomorrow to submit their proofs of claim
to:

(a) SKIF
    16708, Ukraine, Chernigiv region,
    Ichnyanskij District, Guzhivka,
    Lenin Str. 60

(b) Mr. Volodimir Ivashko
    Liquidator/Insolvency Manager
    16600, Ukraine, Chernigiv region,
    Nizhin, Batyuk Str. 1
    Phone: 2-51-62

(c) ECONOMIC COURT OF CHERNIGIV REGION
    14000, Ukraine, Chernigiv region,
    Miru Avenue, 20


SULA: Poltava Court Launches Bankruptcy Supervision Proceedings
---------------------------------------------------------------
The Economic Court of Poltava region has commenced bankruptcy
supervision procedure on OJSC BIRD COMPLEX SULA (code EDRPOU
05385097).  The case is docketed as 7/128.  Mr. Volodimir Nesvit
(License Number AA 047993) has been appointed temporary
insolvency manager.  The company holds account number
26005203989 at JSB Poltava-bank, MFO 331489.

Creditors have until November 19, 2004 to submit their proofs of
claim to:

(a) BIRD COMPLEX SULA
    37200, Ukraine, Poltava region,
    Lohvitsya, Vatutin Str. 124

(b) ECONOMIC COURT OF POLTAVA REGION
    36000, Ukraine, Poltava region,
    Zigina Str. 1


UDINSKIJ SUGAR: Calls in Liquidator
-----------------------------------
The Economic Court of Vinnitsya region commenced bankruptcy
proceedings against Udinskij Sugar Plant (code EDRPOU 30555505)
on October 5, 2004 after finding the limited liability company
insolvent.  The case is docketed as 10/143-03.  Mr. Vitalij
Bolhovitin (License Number AA 630030) has been appointed
liquidator/insolvency manager.

CONTACT:  UDINSKIJ SUGAR PLANT
          Ukraine, Vinnitsya region,
          Teplichnij, Udich

          Mr. Vitalij Bolhovitin
          Liquidator/Insolvency Manager
          Ukraine, Vinnitsya region, Ostrozkij Str. 25/77
          Phone: (0432) -52-03-41

          ECONOMIC COURT OF VINNITSYA REGION
          21100, Ukraine, Vinnitsya region,
          Hmelnitske Shose, 7


===========================
U N I T E D   K I N G D O M
===========================


ADVANCED AUTOMOTIVE: Sets Members Meeting Next Month
----------------------------------------------------
The members of Advanced Automotive Design Limited will meet on
December 22, 2004 commencing at 10:00 a.m.  It will be held at
BDO Stoy Hayward, 1 City Square, Leeds LS1 2DP.

The purpose of the meeting is to receive the account showing
how the winding-up has been conducted and the property of the
company disposed of, and to hear any explanation that may be
given by the liquidator.  Members who want to be represented at
the meeting may appoint proxies.  Proxy forms must be lodged
with BDO Stoy Hayward, 1 City Square, Leeds LS1 2DP not later
than 12:00 noon, December 21, 2004.

CONTACT:  BDO STOY HAYWARD LLP
          1 City Square,
          Leeds LS1 2DP
          Phone: 0113 244 3839
          Fax: 0113 204 1200
          E-mail: leeds@bdo.co.uk
          Web site: http://www.bdo.co.uk


APARTMENT LONDON: Hires Carter Backer Winter as Administrator
-------------------------------------------------------------
John Alfred George Alexander and Melvyn Julian Carter (IP Nos
5053, 5773) have been appointed joint administrators for
Apartment London Limited.  The appointment was made November 10,
2004.  The company sells household furniture.

CONTACT:  CARTER BACKER WINTER
          Enterprise House, 21 Buckle Street,
          London E1 8NN
          Phone: + 44 (0) 20 7309 3800
          Fax:   + 44 (0) 20 7309 3801
          E-mail: info@cbw.co.uk
          Web site: http://www.cbw.co.uk


APOLLO SOUND: Appoints Joint Liquidators from Begbies Traynor
-------------------------------------------------------------
At the extraordinary general meeting of the members of the
Apollo Sound Limited on October 27, 2004 held at Begbies
Traynor, 4th Floor, Riverside House, 31 Cathedral Road, Cardiff
CF11 9HB, the extraordinary and ordinary resolutions to wind up
the company were passed.  David Hill and John Wynn Davies of
Begbies Traynor, 4th Floor, Riverside House, 31 Cathedral Road,
Cardiff CF11 9HB has been appointed joint liquidators of the
company for the purpose of the voluntary winding-up.

CONTACT:  BEGBIES TRAYNOR
          4th Floor, Riverside House,
          31 Cathedral Road, Cardiff CF11 9HB
          Phone: 029 2022 5022
          Fax: 029 2022 4523
          E-mail: cardiff@begbies-traynor.com
          Web site: http://www.begbies.com


APPLICADO INTERNATIONAL: Calls in Liquidator from Tomlinson
-----------------------------------------------------------
At the extraordinary general meeting of the Applicado
International Limited on October 13, 2004 held at Tomlinsons, 2
AC Court, High Street, Thames Ditton, Surrey KT7 0SR, the
resolutions to wind up the company were passed.  Alan H.
Tomlinson of Tomlinsons, 2 AC Court, High Street, Thames Ditton,
Surrey KT7 0SR has been appointed liquidator for the purpose of
such winding-up.

CONTACT:  TOMLINSON
          2 AC Court, High Street,
          Thames Ditton, Surrey KT7 0SR
          Phone: 0870 60 70 170
          Fax:   0870 60 70 180
          E-mail: advice@tomlinsons.co.uk
          Web site: http://www.tomlinsons.co.uk


ATHENA SECURITY: Names DTE Leonard Curtis Administrator
-------------------------------------------------------
J. M. Titley and A. Poxon (IP Nos 8617, 8620) have been
appointed administrators for Athena Security Limited.  The
appointment was made November 9, 2004.

The company offers investigation and security services.  Its
registered office is located at 52 Penny Lane, Mossley Hill,
Liverpool L18 2DG.

CONTACT:  DTE LEONARD CURTIS
          DTE House, Hollins Mount,
          Bury BL9 8AT
          Phone: 0161 767 1200
          Fax: 0161 767 1201
          Web site: http://www.dtegroup.com


ATRIAX HOLDINGS: Hires Liquidator from Begbies Traynor
------------------------------------------------------
Name of companies:
Atriax Holdings Limited
Atriax Limited

At the extraordinary general meeting of these companies on
November 3, 2004 held at The Old Exchange, 234 Southchurch Road,
Southend-on-Sea, Essex SS1 2EG, the subjoined special resolution
to wind up the company was passed.  Louise Donna Baxter of
Begbies Traynor, The Old Exchange, 234 Southchurch Road,
Southend-on-Sea, Essex SS1 2EG has been appointed liquidator for
the purpose of such winding-up.

CONTACT:  BEGBIES TRAYNOR
          The Old Exchange, 234 Southchurch Road
          Southend-on-Sea SS1 2EG
          Phone: 01702 467255
          Fax: 01702 467201
          E-mail: southend@begbies-traynor.com
          Web site: http://www.begbies.com


BAS WAGSTAFF: Sets Creditors' Meeting Next Week
-----------------------------------------------
The creditors of Bas Wagstaff Limited will meet on November 23,
2004 commencing at 2:30 p.m.  It will be held at BDO Stoy
Hayward LLP, Commercial Buildings, 11-15 Cross Street,
Manchester M2 1BD.

Creditors who want to be represented at the meeting may appoint
proxies.  Proxies must be submitted together with written debt
claims to BDO Stoy Hayward LLP, Commercial Buildings, 11-15
Cross Street, Manchester M2 1BD not later than 12:00 noon,
November 22, 2004.

CONTACT:  BDO STOY HAYWARD LLP
          Commercial Buildings,
          11-15 Cross Street, Manchester M2 1BD
          Phone: 0161 817 3700
          Fax:   0161 817 3711
          E-mail: manchester@bdo.co.uk
          Web site: http://www.bdo.co.uk


BLAKEDOWN NURSERIES: Members General Meeting Set December
---------------------------------------------------------
The general meeting of the members of Blakedown Nurseries
(Holdings) Limited will be on December 9, 2004 commencing at
10:30 a.m.  It will be held at Moore Stephens Corporate
Recovery, Beaufort House, 94-96 Newhall Street, Birmingham B3
1PB.

The purpose of the meeting is to receive the account showing
how the winding-up has been conducted and the property of the
company disposed of, and to hear any explanation that may be
given by the liquidator.  Members who want to be represented at
the meeting may appoint proxies.  Proxy forms must be lodged
with Moore Stephens Corporate Recovery, Beaufort House, 94-96
Newhall Street, Birmingham B3 1PB not later than 12:00 noon,
December 8, 2004.

CONTACT:  MOORE STEPHENS CORPORATE RECOVERY
          Beaufort House
          94-96 Newhall Street,
          Birmingham B3 1PB
          Phone: 0121 233 2557
          Web site: http://www.moorestephens.co.uk


BLESSVALE (UK): Appoints P&A Partnership Administrator
------------------------------------------------------
John Russell and Allan Cooper (IP Nos 5544, 5546) have been
appointed joint administrators for Blessvale (UK) Limited.  The
appointment was made November 2, 2004.

The company is engaged in metalwork and steel fabrication.  Its
registered office is located at 93 Queen Street, Sheffield S1
1WF.

CONTACT:  THE P&A PARTNERSHIP
          93 Queen Street
          Sheffield S1 1WF
          Phone: (0114) 275 5033
          Fax: (0114) 276 8556
          E-mail: info@poppletonappleby.co.uk
          Web site: http://www.thepandapartnership.com


BRITISH SKY: Third-quarter Performance Improves
-----------------------------------------------
In the three months to September 30, 2004, the Group made
substantial progress on a range of initiatives ahead of their
actual launch following the end of that quarter.

(a) The roll out of the new "What do you want to watch"
    marketing campaign that commenced on October 1;

(b) Broadening the range of entry points to Sky with the launch
    of both the high end Sky+160 and the entry level Sky
    'starter pack" products;

(c) Investment on-screen with the successful launch of Football
    First and a new season on Sky One; and

(d) Progress in line with our plans on a range of capital
    expenditure and infrastructure projects.

At Sept. 30, 2004, the total number of direct-to-home (DTH)
digital satellite subscribers in the U.K. and Ireland was
7,417,000, representing a net increase of 62,000 subscribers in
the three months to Sept. 30, 2004.  Sky remains on track to
achieve its target of eight million DTH subscribers by December
2005, with the current quarter, from October 1, 2004 to
Dec. 31, 2004, expected to benefit from seasonally strong
additions in the run up to Christmas.

The number of Sky+ households continued to grow strongly,
increasing by 77,000 in the quarter to 474,000 and almost
quadrupling in the last 12 months.  With 26% of new Sky+
households in the quarter being first time subscribers, Sky+ is
an important tool to overcome barriers to purchase pay-TV as it
reaches out to consumers who have not previously chosen Sky.

The growth in Sky+ penetration also continues to contribute to
an increased take-up of the Multiroom product, with the total
number of households taking two or more digiboxes increasing by
64,000 in the quarter to 357,000, an increase of 94% over the
last 12 months.

DTH Churn was 9.8% for the Quarter.

Annualized average revenue per DTH subscriber (ARPU) in the
quarter was GBP377, an increase of GBP11 over the three months
to Sept. 30, 2003.  As indicated on Aug. 4, 2004, the Group
expects to increase ARPU during the three months to December 31,
2004, as a result of the recent changes in U.K. and Ireland
retail pricing which started to become effective from September
1, 2004.

September 2004 was Sky Sports" busiest ever month, with over 130
live outside broadcasts including exclusive live and interactive
coverage of the Ryder Cup.

A new show, Football First, was launched on Sky Sports at the
start of the Premiership season in August 2004 and offers one
Premiership match per week in full on a delayed basis plus
extended highlights of every Premiership match played that day.
Sky digital viewers can choose which game they watch through the
interactive service, Sky Sports Active.

Sky Sports has been awarded exclusive live rights by the Rugby
Football Union to English international and domestic rugby union
until the end of the 2009/10 season.  Under this new agreement,
which covers the five seasons from the start of the 2005/06
season, Sky Sports will broadcast live all of England's Autumn
Internationals and over 30 Zurich Premiership matches each
season.  With exclusive Heineken European Cup Rugby and all
Southern Hemisphere rugby, Sky Sports will show over 100 live
rugby union games a year.

Sky One's new season launched on Sept. 14 with a new on-air look
and the highly acclaimed "Deadwood."  This HBO production
demonstrates Sky One's commitment to upscale, modern, quality
programming and "the best of the U.S. - first."  Other shows
included within the autumn schedule are "The 4400" and
"Battlestar Galactica" from the U.S., "Hex" - an original
British production, a new series of "Dream Team", "The Long Way
Round" - a documentary with Ewan McGregor - and reality event
"The Match".  The finale of "The Match," on Sunday 10 Oct.,
delivered the second best ever peak audience for Sky One,
recording a higher viewing share than each of BBC2, Channel 4
and 5 in multi-channel homes.

Sky launched a new freesat offering on Oct. 1, 2004, providing
access to around 200 free to air television and radio channels
and interactive services without a monthly subscription fee.
Consumers can purchase a package of reception equipment,
including an initial viewing card and professional standard
installation, direct from Sky for a cost of GBP150.  Freesat
from Sky provides an attractively priced alternative for the 52%
of U.K. households that either cannot receive Digital
Terrestrial Television (DTT) or that may require an aerial
upgrade to receive DTT.  The freesat offering will also provide
an acquisition route for future Sky customers by offering an
easy upgrade path to a Sky subscription for viewers who choose
subsequently to add a pay television service to their viewing
options.

Financial Review

Sky delivered a solid set of first quarter results and remains
in a strong financial position.  Operating profit (before
goodwill) for the quarter increased by 26% on the comparable
period to GBP190 million, generating an operating profit margin
(before goodwill) of 20.2%.  Profit after tax (before goodwill
and exceptional items) increased by 30% on the comparable period
to GBP122 million, generating earnings per share (before
goodwill and exceptional items) of 6.3 pence, up from 4.8 pence
for the comparable period.

Total revenues grew by 11% on the comparable period to GBP940
million.

DTH revenues increased by 11% on the comparable period to GBP697
million principally due to growth in the average number of DTH
subscribers.

Advertising revenues increased by 13% on the comparable period
to GBP72 million, driven by growth of 6% in the Group's share of
total U.K. television advertising revenues and good growth in
the overall U.K. television advertising sector.  Sky's overall
share of the U.K. television advertising sector is now 11.5%.
The Group expects to continue to outperform U.K. television
advertising sector growth for the remainder of this calendar
year.

Excluding the GBP4 million one-off receipt of audit monies from
ntl in the comparable period, wholesale revenues increased by 8%
to GBP52 million.  This was driven by increases in the average
number of cable subscribers and the average revenue per
subscriber as a result of changes to wholesale pricing from
January 2004.

Total interactive revenues, which includes both Sky Active
revenues and SkyBet revenues, increased by 8% on the comparable
period to GBP81 million.  SkyBet revenues increased by 18% on
the comparable period to GBP59 million driven by the growth of
interactive betting and gaming, online betting, and casino
revenues.

Lower revenues from the SkyBuy retail service, and from the
expiry of a number contracts and services, led to a 12%
reduction in Sky Active revenues on the comparable period to
GBP22 million.  A re-organization of the SkyBuy product line-up
has improved sales margins by focusing on Sky-branded products
only.

Other revenues increased by 23% on the comparable period to
GBP38 million, mainly due to the growth of set-top box revenues
associated with the increase in Sky+ and Multiroom sales.

Total programming costs for the quarter increased by GBP16
million on the comparable period to GBP383 million. Since the
start of the 2004/05 financial year, and to coincide with the
new FA Premier League contract and the new Football Association
contract, the majority of sports rights are now amortized on a
straight-line basis across the season.  Adjusting for the effect
of this change in amortization, which results in a greater
amortization charge in the first quarter, programming costs
would have reduced by GBP13 million on the comparable period.

This underlying reduction is principally due to savings in U.S.
dollar-denominated movie costs, partially offset by the addition
this quarter of the Ryder Cup, which is a bi-annual event.

Gross margin (defined as total revenues less total programming
costs) for the quarter was 59.3%, representing an increase of
six percentage points on the comparable period, on a like-for-
like basis (adjusting for the effect of the change in sports
rights amortization profile noted above).

Other operating costs before goodwill increased by GBP35 million
on the comparable period to GBP367 million.  This mainly
comprises an GBP11 million increase in subscriber management
costs, due to increased Sky+ and Multiroom sales volumes; an
GBP11 million increase in marketing costs, with lower free
digibox acquisition volumes offset by increased above-the-line
expenditure and higher Sky+ and Multiroom marketing costs; and a
GBP7 million increase in betting costs, which is directly
related to the growth in SkyBet revenue.

After goodwill of GBP29 million, the Group's share of operating
profits of joint ventures of GBP1 million and net interest
payable of GBP15 million, the Group made a profit before tax of
GBP147 million.

The total net tax charge for the quarter was GBP54 million.
This reflects a current tax charge of GBP39 million, a deferred
tax charge of GBP14 million and a GBP1 million joint ventures
tax charge.  Excluding the effect of goodwill, joint ventures
and exceptional items, the Group's underlying effective tax rate
on ordinary activities has moved from 30.1% for the comparable
period to 30.6% as a result of a decrease in allowable tax
deductions.

The mainstream corporation tax liability for the period was
GBP39 million which, in accordance with the quarterly
installment regime, will be paid during the second half of the
current financial year.

Profit after tax before goodwill and exceptional items for the
quarter increased by 30% on the comparable period to GBP122
million.  Earnings per share before goodwill and exceptional
items were 6.3 pence compared to 4.8 pence for the comparable
period.

Earnings before interest, tax, depreciation and amortization
(EBITDA), excluding exceptional items, increased by 22% on the
comparable period to GBP214 million.  After deducting cash
outflows principally comprising capital expenditure of GBP72
million, net interest payments of GBP34 million, tax paid of
GBP9 million and seasonal working capital outflows relating to
payments for sporting rights, including payments totaling over
GBP200 million to the FA Premier League, the Football
Association and UEFA, the Group continued to reduce net debt in
the quarter by GBP32 million to GBP397 million at Sept. 30,
2004.

In accordance with the investment program announced on Aug. 4,
2004, capital expenditure increased by GBP44 million to GBP72
million for the quarter.  The Group spent GBP39 million in the
quarter on a combination of property projects including the
acquisition of four freehold properties previously leased at its
Osterley Campus and construction work on several other projects,
including the new Sky News Center.  Investment in the customer
relationship management (CRM) program amounted to GBP14 million
during the quarter as the Group continues the program of work
started in 2002 to upgrade its customer service systems.  A
total of GBP10 million was incurred during the quarter on the
final stages of the construction of the Advanced Technology
Centre (ATC) building and the technical fit-out, which is well
advanced.  The remaining GBP9 million of capital expenditure was
spent on small items regarded as part of the Group's "core" or
maintenance expenditure.

IFRS

The Group is required to adopt International Financial Reporting
Standards (IFRS) in the preparation of its consolidated
financial statements from July 1, 2005.  Information regarding
the Group's transition to IFRS was provided in the Group's 2004
Annual Report and further details will be given following the
Group's interim results presentation in February 2005.

Corporate

Andy Higginson, Finance and Strategy Director of Tesco plc,
joined the Board as an independent non-executive Director from
Sept. 1, 2004.

The Group signed a new GBP1,000 million Revolving Credit
Facility on Nov. 3, 2004.  The new facility will mature in July
2010 and will be used for general corporate purposes and to
refinance BSkyB's existing, undrawn, facility, which was due to
mature in March 2008.  The new facility will provide the Group
with an extension to the maturity profile of its existing
financing arrangements, which it replaces, and delivers
continued financial flexibility on attractive terms.

In August 2004, the Group issued and served a claim (in the High
Court of England and Wales) for a material amount on Electronic
Data Systems (an information and technology solutions provider)
alleging breach of contract, deceit and negligent
misrepresentation, in respect of the systems integration,
software development and business implementation services
provided as part of the Group's investment in CRM software and
infrastructure.  The amount that will be recovered by the Group
will not be finally determined until resolution of this claim.

On 1 Nov. 2004, Sky Ventures Limited (a wholly owned indirect
subsidiary of BSkyB) sold its 49.5% economic interest in Granada
Sky Broadcasting Limited (GSkyB) to ITV Plc for cash
consideration of GBP10 million.  Under U.K. GAAP, the sale will
lead to a loss on disposal of approximately GBP28 million, which
will be recorded as an exceptional, non-operating item in the
Group's second quarter results.

To see appendix:
http://bankrupt.com/misc/BritishSky_Appendix.htm.

CONTACT:  BRITISH SKY BROADCASTING GROUP Plc
          Grant Way, Isleworth
          London TW7 5QD
          Phone: +44-20-7705-3000
          Fax: +44-20-7705-3060
          Web site: http://www.sky.com

          Analysts/Investors
          E-mail: investor-relations@bskyb.com

          Neil Chugani
          Phone: 020 7705 3837

          Andrew Griffith
          Phone: 020 7705 3118

          Press
          E-mail: corporate.communications@bskyb.com

          Julian Eccles
          Phone: 020 7705 3267

          Robert Fraser
          Phone: 020 7705 3036

          Finsbury
          James Murgatroyd
          Phone: 020 7251 3801


BRITISH SKY: Shareholders Support Share Buyback Plan
----------------------------------------------------
At the Annual General Meeting of British Sky Broadcasting Group
plc held Friday, a poll of independent shareholders, being those
shareholders of the company other than News U.K. Nominees
Limited, was conducted in respect of resolution sixteen.  The
results as certified by Lloyds TSB Registrars are detailed
below.  The other seventeen resolutions put to the meeting,
which did not require a poll, were duly passed.

The poll results were:

Resolution 16 (To approve the waiving of the compulsory bid
obligation in respect of market purchases under Rule 9 of the
City Code of Takeovers & Mergers)

                            For         688,100,133
                            Against     153,428,360


Commenting on the results a company spokesman said: "The Company
welcomes the support of the overwhelming majority of independent
shareholders for the opportunity this now offers the Board to
proceed with the return of capital via a share buyback during
the course of the year."

The Chairman's speech from the meeting: "Good morning Ladies and
Gentlemen and welcome to the 16th Annual General Meeting of
British Sky Broadcasting.  It is nice to see so many of you here
[Fri]day.

"I would like to welcome Jeremy Darroch and Andy Higginson who
joined the Board during the past year and whose appointment I
hope will be confirmed by shareholders [Fri]day.  Nicholas
Ferguson, who also joined the Board during the year,
unfortunately had a prior engagement for [Fri]day and sends his
apologies.

"We have a lot of business to get through this [Friday] morning
but before we consider the agenda, I would like to say a few
words.

"The financial year 2004 demonstrated the continued success of
Sky's business.  Financially, the continued growth in revenues
and control of costs led by far to the highest level of profit
in Sky's history.  The growth driven strategy and the transition
to digital have put Sky in a very strong position as it faces
the next stage of its development.

"Operationally, the Company continued to meet its targets as the
management team developed new strategies for the future.  Sky's
subscriber base of 7.4 million is a robust foundation on which
Sky is building to reach its full potential.  Only 43% of homes
in the U.K. and Ireland currently take a pay television service.
We believe that over time, this can grow to around 80%, meaning
another 10 million households will take pay television.  Such
growth has already been seen in the U.S. and we are confident
the same can be achieved in Britain and Ireland.

"Other delivery systems, and maybe new ones, will compete with
us for these homes.  However, we are confident that we can
continue to get a very large share of them.

"Sky has set itself ambitious new targets for 2010: to reach 10
million subscribers, to have 25% penetration of Sky+ and to have
30% penetration of multi-room subscriptions.  To help in the
achievement of these targets, Sky has launched several new
initiatives: the Sky brand has been reintroduced to broaden its
appeal; our marketing is now emphasizing the broad range of
entry points to pay TV; we have eliminated the higher upfront
costs which applied to customers not taking our top tier
package; and Sky's channels continue to invest in some of the
most attractive content on television, catering for a wide range
of interests.

"These are just the beginning of a significant effort on Sky's
part to deliver improved subscriber growth and create a business
with greater scale, which will maximize value for shareholders.
Sky will also continue to be an innovator: following on from the
success of Sky+, the introduction of high definition TV in 2006
will see us leading yet another change in the U.K. market.

"Programming remains at the heart of our business.  We are an
entertainment and information company above all else and we are
always looking to acquire the best content for our subscribers.
The last year has shown that we can continue to lead the
industry in Britain, bringing new shows and popular movies to
our flagship channels, growing the audiences for sport using new
technology and providing the finest 24-hour news service in
Europe.

"Even while rapidly adding subscribers, Sky will deliver growing
profitability and cash flow generation.  We have already repaid
over GBP1.4 billion of debt since 2001 and we have reintroduced
the ordinary dividend.  Including the proposed final dividend,
this will total GBP116 million for 2004.

"Two resolutions are being proposed [Fri]day to enable Sky to
buy-back up to 5% of its shares.  Because of the potential
implications for News Corp.'s shareholding in Sky, I and the
other News Corp. affiliated directors have not participated in
this.  When the waiver resolution relating to News Corp.'s
shareholding is being considered by the meeting, I will
therefore hand over the chair to Lord Rothschild, who will
summarize the recommendation of the independent directors.

"At last year's AGM, I announced that your Board had established
a Corporate Governance Committee chaired by Lord Wilson of
Dinton to examine all the relevant codes and statutory
obligations and their impact on the processes of the Board and
the composition of its Committees.  This was a very
comprehensive and challenging review and I want to thank Lord
Wilson and his committee for their tireless work.  The
Committee's recommendations were approved by the Board in June.
"We were privileged that Nicholas Ferguson and Andy Higginson
agreed to join the Board in June and September respectively,
their appointment means that the Board is composed of a majority
of independent non-executive directors, implementing one of the
Corporate Governance Committee's key recommendations.

"During the year, the remuneration committee, which is chaired
by Jacques Nasser and is composed entirely of independent non-
executive directors, undertook a complete review of the
Company's remuneration policies.  The committee has actively
sought advice from shareholders as part of this process and
intends to continue an active dialogue on remuneration policy.
The Committee has revised the performance measures used in the
incentive plans for Directors and Senior Executives, to provide
better alignment between their interests and shareholders'
interests.  These are now fully reported in the Annual Report.
New Executive and Sharesave option schemes have also been
developed to replace the previous schemes, which had come to the
end of their ten-year life.  The new schemes are being put
forward for approval at this meeting.

"These developments show that Sky is keeping pace with the rapid
developments in corporate governance, engaging with its
shareholders on many important issues and reflecting their views
in the way the Company is run.  I would like to thank all the
non-executive directors for the important part they play in
helping Sky embrace best practice in corporate governance.

"Finally, I would like to thank Sky's over 10,000 employees for
their dedication and hard work through the past year.

"We are confident that our strategy for growth will deliver
substantial value to shareholders over time.  Sky's results for
the first quarter announced this [Friday] morning demonstrate
that the Company is well positioned for the future and as our
progress is better understood, so shareholder value should
increase."

CONTACT:  BRITISH SKY BROADCASTING GROUP Plc
          Grant Way, Isleworth
          London TW7 5QD
          Phone: +44-20-7705-3000
          Fax: +44-20-7705-3060
          Web site: http://www.sky.com

          Analysts/Investors
          E-mail: investor-relations@bskyb.com

          Neil Chugani
          Phone: 020 7705 3837

          Andrew Griffith
          Phone: 020 7705 3118

          Press
          E-mail: corporate.communications@bskyb.com

          Julian Eccles
          Phone: 020 7705 3267

          Robert Fraser
          Phone: 020 7705 3036

          Finsbury
          James Murgatroyd
          Phone: 020 7251 3801


CLASSIC TRANSPORT: Hires A. Simon as Liquidator
-----------------------------------------------
At the extraordinary general meeting of the members of the
Classic Transport Limited on November 5, 2004 held at Langley
House, Park Road, London N2 8EX, the extraordinary and ordinary
resolutions to wind up the company were passed.  Alan Simon has
been appointed liquidator for the purpose of such winding-up.


CLICKONCE TECHNOLOGIES: Directors Banned for Six Years
------------------------------------------------------
The directors of Clickonce Technologies Limited, a computer
training business that failed with total debts of around
GBP270,000 have given Undertakings not to hold directorships or
take any part in company management for six years each.

The Undertakings given by Steven Peter Stanley, 30, of Cowley
Drive, Brighton, East Sussex, and Terence Gray, 38, of Madeira
Place, Brighton, East Sussex, were given in respect of their
conduct as directors of Clickonce Technologies Limited, which
carried out business from premises at 68 Ship Street, Brighton
BN1 1AE.

Acceptance of the Undertakings on October 29, 2004 and November
4, 2004 respectively, prevent Steven Peter Stanley and Terence
Gray from being directors of a company or, in any way, whether
directly or indirectly, being concerned or taking part in the
promotion, formation or management of a company for the above
period.

Clickonce Technologies Limited was placed into creditors'
voluntary liquidation on November 15, 2002 with GBP273,809 owed
to creditors.

The Insolvency Service, on behalf of the Secretary of State for
Trade & Industry, has responsibility (under Section (6) of the
Company Directors Disqualification Act 1986) for the
investigation of the conduct of directors of failed companies
and for the disqualification of those who are considered to be
unfit to be involved in the management of companies in the
future.

Matters of unfit conduct, not disputed by Mr. Stanley and Mr.
Gray, were that:

(a) Clickonce Technologies Limited claimed for GBP270,608 for
    Individual Learning Accounts incentive grants for training
    purposes.  However, when approached by the Department of
    Education and Skills neither Mr. Stanley nor Mr. Gray could
    provide evidence that the people claimed for had actually
    been trained; and

(b) They made cash withdrawals of GBP124,428 from Clickonce
    Technologies Limited bank account to themselves.  This money
    was meant to be used to train individuals under the
    Individual Learning Accounts program.

CONTACT:  THE INSOLVENCY SERVICE
          21 Bloomsbury Street
          London, WC1B 3QW
          Web site: http://www.insolvency.gov.uk

          Disqualification Unit
          Phone: 020 7291 6807
                 020 7291 6832 (Vetting)
          E-mail: Disqualification.Unit@insolvency.gsi.gov.uk

          Criminal Allegations Team
          Phone: 020 7291 6841
          E-mail: criminal.allegations@insolvency.gsi.gov.uk


CPK ENGINEERING: Extraordinary Winding up Resolution Passed
-----------------------------------------------------------
At the extraordinary general meeting of the CPK Engineering
Limited on November 8, 2004 held at Sanderlings LLP, Sanderling
House, 1071 Warwick Road, Acocks Green, Birmingham B27 6QT, the
extraordinary resolutions to wind up the company were passed.
Andrew Fender of Sanderlings LLP, Sanderling House, 1071 Warwick
Road, Acocks Green, Birmingham B27 6QT has been nominated
liquidator for the purpose of such winding-up.

CONTACT:  SANDERLINGS LLP
          Sanderling House, 1071 Warwick Road,
          Acocks Green, Birmingham B27 6QT


C.P. MOTOR: Members Pass Winding up Resolutions
-----------------------------------------------
At the extraordinary general meeting of the C.P. Motor Company
Limited on October 7, 2004 held at Main Road, Tonteg, the
subjoined special, ordinary and extraordinary resolutions to
wind up the company were passed.  Brendan Eric Doyle of Doyle
Davies, 21 St Andrews Crescent, Cardiff has been appointed
liquidator of the company for the purpose of the voluntary
winding-up.

CONTACT:  DOYLE DAVIES
          21 St Andrews Crescent, Cardiff


DEBSONS LIMITED: Creditors' Meeting Next Week
---------------------------------------------
The creditors of Debsons Limited will meet on November 25, 2004
commencing at 11:00 a.m.  It will be held at Tenon Recovery,
Tenon House, Ferryboat Lane, Sunderland SR5 3JN.

Creditors who want to be represented at the meeting may appoint
proxies.  Proxy forms must be submitted together with written
debt claims to Tenon Recovery, Tenon House, Ferryboat Lane,
Sunderland SR5 3JN not later than 12:00 noon, November 24, 2004.

CONTACT:  TENON RECOVERY
          Tenon House, Ferryboat Lane,
          Sunderland SR5 3JN
          Phone: 0191 511 5000
          Fax:   0191 511 5001
          Web site: http://www.tenongroup.com


EBOOKERS PLC: Restructuring Helps Third-quarter Results
-------------------------------------------------------
Ebookers plc (NASDAQ: EBKR, LSE: EBR) the pan-European online
travel company, announced on Monday its financial results for
third quarter of 2004 (July-September).

Highlights (U.K. GAAP)[1]

(a) Gross sales[2] GBP159 million (Q3 03: GBP145 million); like-
    for-like growth[3] 25%;

(b) Turnover GBP20.1 million (Q3 03: GBP18.1 million); like-for-
    like growth[3] 25%;

(c) Gross margin[4] remains strong at 12.6% (Q3 03: 12.5%);

(d) Adjusted pre-tax profit[5] increases to GBP1.3 million (Q3
    03: GBP1.0 million);

(e) EBITDA[6] increases to GBP2.7 million (Q3 03: GBP1.8
    million);

(f) Loss for the period GBP2.0 million (Q3 03: GBP3.2 million).

Highlights (U.S. GAAP)[1]

(a) Gross sales GBP158 million (US$286 million)[7] (Q3 03:
    GBP142 million),

(b) Revenue GBP19.2 million (US$34.7 million) (Q3 03: GBP18.0
    million),

(c) Net income GBP0.6 million (US$1.1 million) (Q3 03: Net loss
    GBP3.5 million)

Michael Healy CFO, ebookers plc commented: "This has been a
quarter of improved performance.  We have grown the top line,
and maintained our margin.  Through restructuring and staff
reductions of 360 people, we have managed to improve
profitability.  This is despite continued investment in
technology and non-air businesses, the full benefits of which
will be realized next year."

Dinesh Dhamija, CEO ebookers plc commented: "We are reaching the
end of 2004 with 12 months of significant change behind us.  We
have completed our restructuring, substantially cut costs and
headcount, and invested in key areas for future growth."

These footnote references apply throughout the document

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
[1] Certain Quarter 3 2003 amounts have been restated wherever
necessary for comparative purposes. Please refer to Note 5 for
U.K. GAAP and Note 7 for U.S. GAAP.

[2] Gross sales represents the total transaction value of all
our services to our customers.  See Note 1 of U.K. GAAP for full
details.

[3] Like-for-like represents underlying growth after eliminating
the effect of divested or closed offline shops and the impact of
significant business acquisitions or divestments.  We believe
this gives a reasonable year-on-year comparison of the
underlying trends in our business.

[4] Gross margin is defined as turnover as a percentage of gross
sales after adjusting for the effect of any exceptional items
included in turnover (See Note 3 of U.K. GAAP).

[5] Adjusted pre-tax profit is defined as profit on ordinary
activities before taxation after adding back exceptional items,
amortization of goodwill, net finance charges, stock
compensation expenses/ credits and National Insurance relating
to share options payable if employees exercise their share
options as defined in Note 4 of U.K. GAAP.

[6] EBITDA is defined as adjusted pre-tax profit (as defined
above) plus depreciation charge and net finance charges.

[7] As our reporting currency is British GBP sterling, we
present comparative results for Quarter 3 2003 and Quarter 3
2004 in GBP sterling.  Solely for the convenience of the reader
the financial information for the most recent financial period
is also expressed in U.S. dollars translated at a rate of GBP1:
US$1.8090, which was the U.S. Federal Reserve Bank of New York
noon buying rate on 30 September 2004.  No representation is
made that the amounts shown could have been, or could be,
converted into U.S. dollars at that, or any other rate.
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

Chairman's Statement and Operational Review

"This has been an encouraging Quarter both operationally and
financially.  We have delivered significant growth, completed
our restructuring, and are channeling operating spend away from
less productive staffing costs into key online non-air business
areas and new technologies. As we move towards 2005, we are
better positioned to compete more aggressively in our markets
across Europe and to deliver improved growth and profitability.

Restructuring Completed, Manpower Cost Reduction Delivered

"We have been undertaking a major restructuring since Quarter 1
this year, resulting in a reduction of approximately 360 staff.
The year-on-year payroll cost reduction in Quarter 3 was GBP1.3
million and we expect this cost benefit to flow through into
Quarter 4 and 2005.  As expected, this rationalization has
resulted in subduing sales performance in Quarter 2 and, to a
much lesser extent, in Quarter 3.

Cost Savings Redirected into Critical Investment Areas

"Cost savings have been redirected towards areas designed to
benefit ebookers future growth and profitability.  Key areas of
increased year-on-year spend include staffing costs to expand
our growing non-air businesses, and technology infrastructure.
We also continue to invest more in our brand, predominantly
through increased online advertising.

"Despite such investment, we have constrained overall operating
costs to GBP21.9 million, compared with GBP21.3 million in
Quarter 3 last year.

"Successful shift of business to profitable high growth online
sales channels ebookers has acquired its strong product range
and supplier relationships through the strategic acquisition of
'traditional' offline travel agencies.

"Over the last 12 months we have made excellent progress in
shifting offline sales from these acquisitions to the Internet.

"In Quarter 3 2004, 62% of our sales were online or Web-enabled,
compared to 46% in Q3 2003 (See Table 1 below).

"This shift has positive implications for growth rates and 2005
profitability as online channels have higher growth rates (Table
2) and are more profitable then the offline channel (Table 3),
primarily due to lower fulfillment costs.

Table 1: Sales mix by channel


Gross sales mix (%)See Note         Q3 03                Q3 04
2

Online                                24%                  36%

Web-enabled                           22%                  26%

Offline                               54%                  38%


Table 2: Growth rate by channel


Gross sales growth (%)See  Actual growth rate  Like-for-like
                    Note 2                     growth rate

Q3 04 vs Q3 03                See Definitions Note 3

Online                          66%                  66%

Web-enabled                     30%                  30%

Offline                        -23%                   0%


Table 3: Contribution margin by channel


Margin by channel Q3 04    Gross margin      Contribution margin

Online                        9.7%                     6.6%

Web-enabled                  12.8%                     3.9%

Offline                      15.2%                     3.9%

Gross margin is defined as turnover as a percentage of gross
sales after adjusting for the effect of any exceptional items
included in turnover (See Note 3 of U.K. GAAP).

Contribution margin is defined as turnover less channel-specific
direct costs as a percentage of gross sales after adjusting for
the effect of any exceptional items included in turnover (See
Note 3 of U.K. GAAP).

Improving Product Mix Through Investment in Non-air Businesses

"We continue to see a positive trend of increased sales of non-
air products, although more substantial benefits from our
incremental investment in this area is expected to be delivered
only from 2005.  In Quarter 3 2004, non-air related turnover was
36% of total turnover compared to 33% for the whole of 2003.

"Online and Web-enabled hotel bookings are our key non-air
opportunity and one which has been largely untapped by us to
date.  We have now completed the recruitment of an experienced
and highly motivated hotel team.  New hotel technology is also
nearing delivery.  A second generation dynamic packaging booking
engine and other hotel technologies are due to be rolled out in
December 2004.  Hotelbookers.com, our new hotel Web site, is
scheduled to go live by the end of this year.

Update on Sale Process

"Discussions regarding the possible sale of the Company are
progressing.  A further announcement will be made in due course.

Current Trading and Outlook

"Quarter 4 trading to date remains satisfactory, following on
from our performance in Quarter 3.  At this point the recovery
of the European mid and long haul travel market looks set to
continue throughout 2005.  In addition, European consumers
continue to show increasing Internet take-up for travel
purchases.  With our restructuring complete and new technologies
in roll-out we are in a good position to benefit from these
positive market dynamics."

Dinesh Dhamija
Chairman & Chief Executive Officer

Financial results are available free of charge at:
http://bankrupt.com/misc/Ebookers_3Q2004.htm

CONTACT:  CUBITT CONSULTING (U.K.)
          Phone: + 44 (0)207 367 5100

          Michael Henman
          E-mail: Michael.Henman@cubitt.com

          FINANCIAL RELATIONS BOARD (U.S.)
          Bob Leahy
          Phone: + 1 212 445 8017
          E-mail: bleahy@financialrelationsboard.com

          EBOOKERS PLC
          Oliver Strong
          Phone: +44 (0) 20 7489 2239
                 +44 (0) 7771 934 153
          E-mail: oliver.strong@ebookers.com
          Web site: http://www.ebookers.com


EUROTEC INDUSTRIAL: Members General Meeting Set Next Month
----------------------------------------------------------
The general meeting of the members of Eurotec Industrial
Services Limited will meet on December 16, 2004 commencing at
10:00 a.m.  It will be held at St John's Court, Wiltell Road,
Lichfield WS14 9DS.

The purpose of the meeting is to receive the account showing
how the winding-up has been conducted and the property of the
company disposed of, and to hear any explanation that may be
given by the liquidator.  Members who want to be represented at
the meeting may appoint proxies.

CONTACT:  St John's Court,
          Wiltell Road, Lichfield WS14 9DS


FREDIC LIMITED: Names Smith & Williamson Administrator
------------------------------------------------------
Stephen Cork (IP No 8627) has been appointed administrator for
property holding company Fredic Limited.  The appointment was
made November 4, 2004.

CONTACT:  SMITH & WILLIAMSON LIMITED
          Bartlett House
          9-12 Basinghall Street, London EC2V 5NS
          Web site: http://www.smith.williamson.co.uk


F.V.CARROLL: Hires Liquidator from Leonard Curtis
-------------------------------------------------
At the extraordinary general meeting of the F.V.Carroll & Son
Limited on November 5, 2004 held at Leonard Curtis & Co, One
Great Cumberland Place, Marble Arch, London W1H 7LW, the special
resolution to wind up the company was passed.  N. A. Bennett of
Leonard Curtis & Co, One Great Cumberland Place, Marble Arch,
London W1H 7LW has been appointed liquidator of the company for
the purpose of such winding-up.

CONTACT:  LEONARD CURTIS & CO
          One Great Cumberland Place,
          Marble Arch, London W1H 7LW
          Phone: 020 7535 7000
          Fax:   020 7723 6059
          E-mail: solutions@leonardcurtis.co.uk
          Web site: http://www.leonardcurtis.co.uk


GILLS CASTINGS: Creditors Meeting' Set End of November
------------------------------------------------------
The creditors of Gills Castings & Components Limited will meet
on November 29, 2004 commencing at 2:30 p.m.  It will be held at
435 Lichfield Road, Aston, Birmingham B6 7SS.

Creditors who want to be represented at the meeting may appoint
proxies.  Proxy forms must be submitted together with written
debt claims to CBA, 435 Lichfield Road, Aston, Birmingham B6 7SS
not later than 12:00 noon, November 26, 2004.

CONTACT:  CBA
          435 Lichfield Road,
          Aston, Birmingham B6 7SS


GYMPIE GOLD: Calls in Liquidator
--------------------------------
(Receivers and Managers Appointed)
(Liquidator Appointed)
ACN : 000 759 535
ASX and AIM Announcement
Closure of Registered Office

The registered office of Gympie Gold Limited has closed
effective from 29 October 2004.

Furthermore, these Directors have resigned from the Board of
Gympie Gold Limited:  Mr. Michael Darling, Mr. Roy Woodall, Mr.
Peter Cadwallader and Dr. Chris Rawlings.

CONTACT:  Andrew Love, Receiver and Manager
          C/- Ferrier Hodgson Chartered Accountants
          Phone: (02) 9286 9999
          Fax: (02) 9286 9888


JARVIS PLC: Sells PFI Contract to HOCHTIEF Subsidiary
-----------------------------------------------------
Jarvis plc announced Friday that in line with its restructuring
strategy it signed heads of terms for the sale of its Private
Finance Initiative bidding operations to HOCHTIEF
Projektentwicklung GmbH, a wholly-owned subsidiary of HOCHTIEF
AG.  The operation is composed of three projects at preferred
bidder stage with the possibility of a bid pipeline.

Such terms anticipate the appointment of the Jarvis facilities
management team to carry out the facilities management stage of
the relevant projects.  The proposed transaction is conditional
on due diligence and completion of documentation and is not
expected to be material in the context of the Jarvis Group.

CONTACT:  JARVIS PLC
          Jonathan Haslam
          Phone: 020 7017 8147


KEEGAN OPTICIANS: Top Honcho Receives Four-year Ban
---------------------------------------------------
The director of an opticians business that failed with total
debts estimated at around GBP180.000 has given an Undertaking
not to hold directorships or take any part in company management
for four years.

The Undertaking by Michael John Keegan, 57, of Wigan Lane,
Duxbury, in Chorley was given in respect of his conduct as a
director of Keegan Opticians Limited which carried out business
from premises at Lee Lane, Horwich, Market Street, Atherton;
Market Street, Westhoughton; Town Hall Street, Blackburn, Church
Street, Colne; and Duckworth Street, Darwen.

The acceptance of the Undertaking on October 26, 2004 prevents
Mr. Keegan from being a director of a company or, in any way,
whether directly or indirectly, being concerned in or taking
part in the promotion, formation or management of a company for
the above period.

The Company was placed into voluntary liquidation on August 14,
2002 with an estimated deficiency to its creditors of GBP181,956
and a total deficiency of GBP682,056, including share capital of
GBP500,100.

Matters of unfit conduct, not disputed by Mr. Keegan, were that:

(a) He caused the company to trade to the detriment of the
    Inland Revenue, as a result of which there remained a debt
    of GBP126,334 due to the Inland Revenue at the date of
    liquidation; and

(b) He caused the company to pay the sum of GBP20,614 to himself
    at a time when it was in arrears with payments due to the
    Inland Revenue.  The payments made to him were to his own
    benefit and to the detriment of creditors, in particular the
    Inland Revenue.

The Insolvency Service, on behalf of the Secretary of State for
Trade & Industry, has responsibility (under Section (6) of the
Company Directors Disqualification Act 1986) for the
investigation of the conduct of directors of failed companies
and for the disqualification of those who are considered to be
unfit to be involved in the management of companies in the
future.

CONTACT:  THE INSOLVENCY SERVICE
          21 Bloomsbury Street
          London, WC1B 3QW
          Web site: http://www.insolvency.gov.uk

          Disqualification Unit
          Phone: 020 7291 6807
                 020 7291 6832 (Vetting)
          E-mail: Disqualification.Unit@insolvency.gsi.gov.uk

          Criminal Allegations Team
          Phone: 020 7291 6841
          E-mail: criminal.allegations@insolvency.gsi.gov.uk


LAKELAND MINERALS: General Meeting Set Next Month
-------------------------------------------------
The general meeting of the Lakeland Minerals (1977) Limited will
be on December 6, 2004 commencing at 10:00 a.m.  It will be held
at Fairview House, Victoria Place, Carlisle, Cumbria CA1 1HP.

The purpose of the meeting is to receive the account showing
how the winding-up has been conducted and the property of the
company disposed of, and to hear any explanation that may be
given by the liquidator.  Members who want to be represented at
the meeting may appoint proxies.

CONTACT:  Fairview House, Victoria Place,
          Carlisle, Cumbria CA1 1HP


MYTRAVEL GROUP: Court to Review Scheme of Arrangement Plan Today
----------------------------------------------------------------
MyTravel Group plc announces that as at 5.00 p.m. on 17 November
it has received Voting Agreements from bondholders in respect of
0.23% of the bonds.

As previously announced, while the Board would prefer to
implement the restructuring of MyTravel on a consensual basis,
it has prepared a contingency plan in case agreement is not
reached.  The company has begun the process of implementing the
restructuring using a scheme of arrangement under section 425 of
the Companies Act 1985, which does not require the approval of
the bondholders.  It has applied to the court for directions to
convene the meetings of shareholders and creditors required to
approve the scheme, and the hearing of this application is
scheduled for 18 November.

MyTravel Group Chairman Michael Beckett says: "I am disappointed
that so far the bondholders have not supported our consensual
restructuring proposal, which I believe is more than fair to
them.  However I am encouraged that we have now received the
support of the substantial majority of our lenders and facility
providers.  Restructuring the balance sheet is in the best
interests of all our stakeholders.  It will provide a sound
basis for the business going forward and allow us to concentrate
on offering our millions of customers good value, quality
holidays."

CONTACT:  BRUNSWICK GROUP LLP
          Fiona Antcliffe
          Sophie Fitton
          William Cullum
          Phone: 020 7404 5959


NUPLY LIMITED: Names Begbies Traynor Administrator
--------------------------------------------------
Richard Albert Brock Saville and Peter Andrew Blair (IP Nos
7829, 8886) have been appointed administrators for Nuply
Limited.  The appointment was made November 8, 2004.

The company manufactures chairs and furniture.  Its registered
office is located at Regency House, 21 The Ropewalk, Nottingham
NG1 5DU.

CONTACT:  BEGBIES TRAYNOR
          Regency House,
          21 The Ropewalk, Nottingham NG1 5DU
          Phone: 0115 941 9899
          Fax:   0115 945 4845
          Web site: http://www.begbies.com


QXL RICARDO: In Talks with Potential Bidder
-------------------------------------------
Online auctioneer QXL Ricardo plc confirmed Friday it is in
early talks regarding a possible sale of the company.

According to The Deal, a QXL spokeswoman declined to elaborate
on the statement, but rumors regarding the possible bidder will
most likely point to San Jose, Calif.-based eBay.  The firm is
already U.K.'s No. 1 online auctioneer.  It has this year been
into an international buying spree, acquiring companies in India
and Germany, and recently, in Netherlands.

The purchase price for QXL, which was once worth more than
GBP2.5 billion (US$4.6 billion), is at present dependent upon
the results of a custody case involving its former Polish unit,
according to the report.

QXL is suing its former board member Arjan Bakker of deceiving
it in December 2002 into ceding control of QXL's Polish unit,
QXL Poland Sp. z.o.o., one of its best-performing businesses.

Mr. Bakker was installed on the firm's board in March 2000 when
QXL acquired his company, SurfStopShop Sp. z o.o., operator of
auction site Allegro.pl.  Under Polish law, a foreign buyer is
required to have local representation on its board.

QXL said Mr. Bakker, with the help of Przemyslaw Rogowski, an
outside lawyer who used to work for the company, misrepresented
a share-issue deal to QXL chief executive Mark Zaleski to get
him to approve the transfer of the Polish company's stock into a
corporation called NIAA Sp. z.o.o.

An assessment by a court-appointed independent evaluator in
December put QXL Poland Sp. z.o.o.'s value at that time at about
US$13 million.  QXL won a preliminary legal victory in
September, when Mr. Rogowski was found guilty on six counts of
breach of professional ethics and Polish authorities disbarred
him.

QXL expects to begin this week a civil case against Mr. Bakker
and Mr. Rogowski.  Jerzy Skrzytowski, formerly of Baker &
MacKenzie, and Polish law firm Wiercinski Kwiecinski Baehr are
handling the suits.

Shares in QXL climbed 83% to 600 pence on reports of sale talks,
but its market cap remained at less than GBP10 million.  The
company has just GBP900,000 in its book.


REDLAND TECHNOLOGY: Names PricewaterhouseCoopers Liquidator
-----------------------------------------------------------
At the extraordinary general meeting of the Redland Technology
Group Limited on October 29, 2004, the special and ordinary
resolutions to wind up the company were passed.  Richard Setchim
and Jonathan Sisson of PricewaterhouseCoopers LLP, Plumtree
Court, London EC4A 4HT have been appointed joint liquidators of
the company for the purpose of such winding-up.

CONTACT:  PRICEWATERHOUSECOOPERS LLP
          Plumtree Court
          London EC4A 4HT
          Phone: [44] (20) 7583 5000
          Fax:   [44] (20) 7822 4652
          Web site: http://www.pwc.com


REFLEX PRINT: Calls in Administrators from Begbies Traynor
----------------------------------------------------------
David Hill and John W. Davies (IP No 6904, 6425) have been
appointed administrators for Reflex Print & Packaging Limited.
The appointment was made November 9, 2004.  The printing
company's registered office is located at 4th Floor, Riverside
House, 31 Cathedral Road, Cardiff CF11 9HB.

CONTACT:  BEGBIES TRAYNOR
          4th Floor, Riverside House,
          31 Cathedral Road, Cardiff CF11 9HB
          Phone: 029 2022 5022
          Fax: 029 2022 4523
          E-mail: cardiff@begbies-traynor.com
          Web site: http://www.begbies.com


ROMAN MOSAIC: HSBC Bank Appoints Numerica Receiver
--------------------------------------------------
HSBC Bank Plc called in Lynn Robert Bailey and Alan Roy Limb
(Office Holder Nos 006496, 008955) joint administrative
receivers for Roman Mosaic Limited (Reg No 02636951, Trade
Classification: 15: Other Wholesale).  The application was filed
November 8, 2004.  Formerly named Majordate Limited, the company
retails and wholesales tiles.

CONTACT:  NUMERICA LLP
          Stoughton House, Harborough Road
          Oadby, Leicester LE2 4LP United Kingdom
          Phone: 0116 272 8200
          Fax: 0116 271 0597
          Web site: http://www.numerica.biz


STERLING IDM: Insolvency Service Disqualifies Directors
-------------------------------------------------------
The directors of a shop fitting business that failed with debts
of more than GBP817,000 have been disqualified in the High Court
of Justice from acting as company directors for 5 years each.

Leon Joseph Gerstle, 53, and Barbara Jean Gerstle, 54, of 1290
Avenue of the Americas, New York 10104, U.S.A. were directors of
Sterling IDM Limited, which carried on business from premises at
Victoria Square House, Victoria Square, Birmingham.

Sterling was placed into liquidation on August 16, 2002 with
estimated debts of GBP817,000 owed to its creditors.

The Disqualification Order, made on 9 November 2004, prevents
Mr. and Mrs. Gerstle from being directors of a company or, in
any way, whether directly or indirectly, being concerned in or
taking part in the promotion, formation or management of a
company for the above period.

The Insolvency Service, on behalf of the Secretary of State for
Trade & Industry, has responsibility (under Section (6) of the
Company Directors Disqualification Act 1986) for the
investigation of the conduct of directors of failed companies
and for the disqualification of those who are considered to be
unfit to be involved in the management of companies in the
future.

Matters of unfit conduct, found by the court, not disputed by
Mr. and Mrs. Gerstle, were that:

(a) They failed to keep or provide adequate accounting records
    to Mr. Shah, the liquidator; and

(b) They caused or allowed Sterling after the date of cessation
    of trade to repay GBP43,886 of loans previously made by
    Cosmopolitan, a company of which he was a director, at a
    time when he knew or should have known that Sterling was
    insolvent and had no realistic prospect of being able to
    repay its debts as and when they fell due, and which was to
    the ultimate detriment of Sterling's creditors.

CONTACT:  THE INSOLVENCY SERVICE
          21 Bloomsbury Street
          London, WC1B 3QW
          Web site: http://www.insolvency.gov.uk

          Disqualification Unit
          Phone: 020 7291 6807
                 020 7291 6832 (Vetting)
          E-mail: Disqualification.Unit@insolvency.gsi.gov.uk

          Criminal Allegations Team
          Phone: 020 7291 6841
          E-mail: criminal.allegations@insolvency.gsi.gov.uk


SWISSPORT U.K.: Parent Calls in Administrator
---------------------------------------------
Swissport International, the world's leading airport ground
handling group, announced Tuesday that its subsidiary company
Swissport U.K. Limited at London-Heathrow had to stop
operational activities effective that day.

It is with regret that following a number of years running an
unprofitable business at Heathrow Airport and, more recently,
extensive attempts to reverse the loss being sustained by the
company, Swissport U.K. Limited will be placed into
administration.

Swissport U.K. Limited is the airport ground handling business
based in the passenger terminals of Heathrow Airport and does
not include either the cargo service centre at Heathrow Airport
or the highly successful businesses operating at other U.K.
airports, either under or formerly under the Groundstar name.

Lengthy negotiations with both staff representatives and a major
customer to find an alternative solution have been unsuccessful.

The remaining parts of the Swissport business in the U.K., which
previously traded as Groundstar, remain buoyant and are
currently enjoying the prospect of healthy growth.  The
Swissport International business, across Europe and the rest of
the world is similarly healthy and this announcement does not
affect any other part of the business.

With a workforce of some 22 000 personnel, Swissport
International Ltd. (which is majority-owned by London-based
Candover Partners Ltd., a leading European buyout specialist)
provides ground services for over 70 million passengers and
three million tons of cargo a year on behalf of some 600 client
companies.  Swissport is active at 169 airports in 34 countries
on four continents, and generated consolidated revenues of
CHF1.2 billion (around US$925 million) last year.

CONTACT:  SWISSPORT INTERNATIONAL
          Stephan Beerli
          Phone: +41 79 638 99 39 (Zurich)

          Swissport U.K.
          Russell Ison
          Phone: +44 77 33 106 371 (London)


TOTALFINAELF GAS: Members General Meeting Set
---------------------------------------------
The general meeting of the members of Totalfinaelf Gas Limited
will be on December 16, 2004 commencing at 11:00 a.m.  It will
be held at Carolyn House, 29-31 Greville Street, London EC1N
8RB.

The purpose of the meeting is to receive the account showing
how the winding-up has been conducted and the property of the
company disposed of, and to hear any explanation that may be
given by the liquidator.  Members who want to be represented at
the meeting may appoint proxies.

CONTACT:  Carolyn House, 29-31 Greville Street,
          London EC1N 8RB


TXU EUROPE: Section 304 Petition Summary
----------------------------------------
Petitioners: James Robert Tucker
             Jeremy Simon Pratt
             Philip Wedgwood Wallace
             Joint Provisional Liquidators
             KPMG LLP
             8 Salisbury Square
             London EC4Y 8BB, England

Debtors: TXU Europe Group PLC
         c/o Ernst & Young LLP
         1 More London Place
         London SE1 2AF, England

         Angbur Investment Trust Limited
         c/o KPMG LLP
         8 Salisbury Square
         London EC4Y 8BB, England

         Energy (No. 30) Limited
         The Gold Fields Rhodesian Development Co. Ltd.
         New Consolidated Gold Fields Limited
         Energy Group Overseas BV
         Energy Holdings (No. 1) Limited
         Energy Holdings (No. 2) Limited
         Energy Holdings (No. 3) Limited
         Energy Holdings (No. 4) Limited
         Energy Holdings (No. 5) Limited
         Energy Nominees Limited
         Anglian Power Generators Limited
         C Tennants Sons & Company Limited
         CGF Investments Limited
         Consolidated Gold Fields Limited
         Alliedhike Limited
         Eastern Group Finance Limited
         Energy Group Holdings BV
         TXU Eastern Finance (A) Limited
         TXU Eastern Finance (B) Limited
         TXU Europe Power Services Limited
         TXU Eastern Funding Company
         Peterborough Power Limited
         TEG (Head Office) Limited
         The Energy Group Limited
         The Energy Group International Limited
         Mining & Industrial Holdings Limited
         Gold Fields Mining and Industrial Limited
         Anglo-French Exploration Company Limited
         Rose, Lloyd & Company Limited
         Gold Fields Industrial Holdings Limited
         Tennant Security Limited
         Tennant Trading Limited
         Energy Resources Limited
         Gold Fields Madh Adh Dhahab Limited
         Gold Fields Industrial Limited
         TXU Acquisitions Limited
         TXU Finance (No. 2) Limited
         TXU Europe Group PLC

Administrators: Philip Wedgwood Wallace
                James Robert Tucker
                KPMG LLP

                Alan Robert Bloom
                Roy Bailey
                Ernst & Young LLP

Case Nos.: 04-17303, 04-17264, 04-17266, 04-17267, 04-17268,
           04-17269, 04-17270, 04-17271, 04-17272, 04-17273,
           04-17274, 04-17275, 04-17276, 04-17277, 04-17278,
           04-17279, 04-17280, 04-17281, 04-17282, 04-17283,
           04-17284, 04-17285, 04-17286, 04-17287, 04-17288,
           04-17289, 04-17290, 04-17291, 04-17292, 04-17293,
           04-17294, 04-17295, 04-17296, 04-17297, 04-17298,
           04-17299, 04-17300, 04-17301, 04-17302

Type of Business: TXU Europe Group PLC is an indirect, wholly
                  owned subsidiary of TXU Corporation --
                  http://www.txu.com/-- a Texas corporation
                  (TXU Corporation).  The Debtors are members of
                  the European division of the TXU group of
                  companies.  The TXU Group's business
                  activities included power production, retail
                  energy sales and related services, wholesale
                  energy sales, energy delivery, portfolio
                  management, risk management and various
                  trading activities.  On November 19, 2002, the
                  TXU Europe Group and several of its
                  subsidiaries were placed under the
                  "administration" process in the United
                  Kingdom.  Some units have been liquidated.  As
                  a result more than $2.77 billion in cash is
                  now held with the TXU Group pending
                  distribution.

Section 304 Petition Date: November 12, 2004

Court: Southern District of New York (Manhattan)

Petitioners' Counsel: Kenneth P. Coleman, Esq.
                      Daniel Guyder, Esq.
                      Adrian Stewart, Esq.
                      Allen & Overy LLP
                      1221 Avenue of Americas
                      New York, New York 10022
                      Tel: (212) 610-6300
                      Fax: (212) 610-6399

                           -- and --

                      Ronald Dekoven, Esq.
                      Foley & Lardner LLP
                      321 North Clark Street, Suite 2800
                      Chicago, Illinois 60610
                      Tel: (312) 832-4500

                          Total Assets          Total Debts
                          ------------          -----------
TXU Europe Group PLC      More than $100 M      More than $100M

Angbur Investment Trust
Limited                   $0 to $50,000         $0 to $50,000

Energy (No. 30) Limited   $1 M to $10 M         $0 to $50,000

The Gold Fields Rhodesian
Development Co. Ltd.      $100,000 to $500,000  $0 to $50,000

New Consolidated Gold
Fields Limited            $100,000 to $500,000  $0 to $50,000

Energy Group Overseas BV  $10 M to $50 M        More than $100M

Energy Holdings (No. 1)
Limited                   $10 M to $50 M        $10 M to $50 M

Energy Holdings (No. 2)
Limited                   More than $100M       More than $100M

Energy Holdings (No. 3)
Limited                   More than $100M       More than $100M

Energy Holdings (No. 4)
Limited                   More than $100M       More than $100M

Energy Holdings (No. 5)
Limited                   More than $100M       More than $100M

Energy Nominees Limited   $1 M to $10 M         $0 to $50,000

Anglian Power Generators
Limited                   $10 M to $50 M        More than $100M

C Tennants Sons &
Company Limited           $0 to $50,000         $500,000 to $1M

CGF Investments Limited   $10 M to $50 M        $0 to $50,000

Consolidated Gold
Fields Limited            $10 M to $50 M        $0 to $50,000

Alliedhike Limited        $1 M to $10 M         $0 to $50,000

Eastern Group Finance
Limited                   More than $100 M      More than $100M

Energy Group Holdings BV  $0 to $50,000         $1 M to $10 M

TXU Eastern Finance (A)
Limited                   $0 to $50,000         $0 to $50,000

TXU Eastern Finance (B)
Limited                   $0 to $50,000         $0 to $50,000

TXU Europe Power
Services Limited          $500,000 to $1 M      $1 M to $10 M

TXU Eastern Funding
Company                   $0 to $50,000         More than $100M

Peterborough Power
Limited                   $50 M to $100 M       $50 M to $100 M

TEG (Head Office)
Limited                   $1 M to $10 M         $10 M to $50 M

The Energy Group Limited  More than $100 M      More than $100M

The Energy Group
International Limited     $1 M to $10 M         $1 M to $10 M

Mining & Industrial
Holdings Limited          $1 M to $10 M         $0 to $50,000

Gold Fields Mining and
Industrial Limited        $10 M to $50 M        $0 to $50,000

Anglo-French Exploration
Company Limited           $100,000 to $500,000  $0 to $50,000

Rose, Lloyd & Company
Limited                   $0 to $50,000         $0 to $50,000

Gold Fields Industrial
Holdings Limited          $1 M to $10 M         $0 to $50,000

Tennant Security Limited  $100,000 to $500,000  $0 to $50,000

Tennant Trading Limited   $500,000 to $1 M      $0 to $50,000

Energy Resources Limited  $0 to $50,000         $0 to $50,000

Gold Fields Madh Adh
Dhahab Limited            $500,000 to $1 M      $1 M to $10 M

Gold Fields Industrial
Limited                   $1 M to $10 M         $1 M to $10 M

TXU Acquisitions Limited  More than $100 M      More than $100M

TXU Finance (No. 2)
Limited                   More than $100 M      More than $100M

(Troubled Company Reporter Vol. 8, No. 251)


VOGUE SEATING: Names Begbies Traynor Administrator
--------------------------------------------------
Richard Albert Brock Saville and Peter Andrew Blair (IP No 7829,
8886) have been appointed administrators for Vogue Seating
Services Limited.  The appointment was made November 8, 2004.

The company manufactures chairs and furniture.  Its registered
office is located at Regency House, 21 The Ropewalk, Nottingham
NG1 5DU.

CONTACT:  BEGBIES TRAYNOR
          Regency House,
          21 The Ropewalk, Nottingham NG1 5DU
          Phone: 0115 941 9899
          Fax:   0115 945 4845
          Web site: http://www.begbies.com


WORLD CLASS: Names Administrators from BDO Stoy Hayward
-------------------------------------------------------
Geoffrey Stuart Kinlan and Anthony Sanderson (IP Nos 8268/01,
4750) have been appointed administrators for estate agent World
Class Homes Limited.  The appointment was made November 4, 2004.

CONTACT:  BDO STOY HAYWARD LLP
          Prospect Place, 85 Great North Road,
          Hatfield, Hertfordshire AL9 5BS
          Phone: 01707 255888
          Fax:   01707 255890
          E-mail: hatfield@bdo.co.uk
          Web site: http://www.bdo.co.uk


                            *********


S U B S C R I P T I O N   I N F O R M A T I O N

Troubled Company Reporter -- Europe is a daily newsletter co-
published by Bankruptcy Creditors' Service, Inc., Fairless
Hills, Pennsylvania, USA, and Beard Group, Inc., Frederick,
Maryland USA.  Larri-Nil Veloso, Ma. Cristina Canson,
Liv Arcipe, and Julybien Atadero, Editors.

Copyright 2004.  All rights reserved.  ISSN 1529-2754.

This material is copyrighted and any commercial use, resale or
publication in any form (including e-mail forwarding, electronic
re-mailing and photocopying) is strictly prohibited without
prior written permission of the publishers.

Information contained herein is obtained from sources believed
to be reliable, but is not guaranteed.

The TCR Europe subscription rate is US$575 per half-year,
delivered via e-mail.  Additional e-mail subscriptions for
members of the same firm for the term of the initial
subscription or balance thereof are US$25 each. For subscription
information, contact Christopher Beard at 240/629-3300.


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