TCREUR_Public/050727.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

            Wednesday, July 27, 2005, Vol. 6, No. 147

                            Headlines

A U S T R I A

AUSTRIAN AIRLINES: Result Hit by Difficult Operating Environment


F R A N C E

BULL SA: Revenue Up Only 1%, but Net Profit Doubles


G E R M A N Y

AGFAPHOTO GMBH: May Axe 850 Employees Soon
AGIV REAL: Dreag Winning Bidder Known Thursday
ALLGEMEINBAUUNTERNEHMEN BUDOPRZEM: In Administration
BUEROSYSTEM LINKE: Under Bankruptcy Administration
CORONA ZAHNTECHNIK: Court Appoints Administrator

GFE HANDELSGESELLSCHAFT: Falls into Bankruptcy
INFINEON TECHNOLOGIES: Loss Widens Despite Sales Growth
INFINEON TECHNOLOGIES: Names New Investor Relations Officer
REISESERVICE 2000: Creditors' Claims Due Next Week
S.L. HANDELSHAUS: Court to Verify Claims September

STREHLOW ELECTRONIC: Creditors Meeting Set Next Month
VLV VERMOGENS: Court to Verify Claims November
VOLKSWAGEN AG: To Settle Damages Caused by Alleged Bribery


G R E E C E

DRYSHIPS INC.: To Bare Second-quarter Figures Next Week


H U N G A R Y

NABI RT: Board Member Leaves
NABI RT: Books Bus Orders Worth US$33 Million


I R E L A N D

MOULDPRO INTERNATIONAL: Provisional Liquidator Takes over Biz


I T A L Y

FINPART SPA: Reaches Deal with Paoloni over Cerruti Brand


L U X E M B O U R G

EVRAZ SECURITIES: Fitch Upgrades Bonds to 'BB-'


N E T H E R L A N D S

ROYAL SHELL: Fitch Welcomes Asset Swap with Gazprom


N O R W A Y

PETROLEUM GEO-SERVICES: To Reveal Results Thursday


P O L A N D

ELEKTRIM SA: Deadline to Pay EUR450 Million Debt Nears


R U S S I A

AGRO-PROM-SNAB: Appoints N. Sasin Insolvency Manager
BUILDING ASSEMBLY: Undergoes Bankruptcy Supervision Procedure
BUILDING ENTERPRISE-5: Deadline for Proofs of Claim August 25
KAMYSHNOYE: Kurgan Court Appoints Insolvency Manager
KORKINSKAYA CONFECTIONARY: Under Bankruptcy Supervision

MECHANIZED COLUMN-7: Succumbs to Bankruptcy
MOVABLE MECHANIZED: Proofs of Claim Deadline Expires August
PROKHLADNENSKIY: Appoints Liquidator from Kabardino Balkariya
TEPLO-SERVICE: Bankruptcy Hearing Set September
URVANSKAYA MOVABLE: Declared Insolvent


U N I T E D   K I N G D O M

AIRLINK FREIGHT: High Court Orders Liquidation
A J N ELECTRONIC: Gets Court Approval to Start Liquidation
ALL ISLANDS: Court Accepts Winding-up Petition
AUTOMOTIVE RECYCLING: To Start Liquidation
BARRETT CERNIS: Court Approves Liquidation

BB LEISURE: Bristol Court Orders Liquidation
BERRY PILING: Creditors Meeting Set Today
BROADHURST ENGINEERING: Barclays Bank Appoints Receiver
BRUERNE'S LOCK: Falls into Liquidation
CALL ARCHITECTURAL: Bristol Court Approves Liquidation

COLLINS & AIKMAN: 500 Midland Workers Face Job Threats
COMBINED CONTRACTORS: Court Accepts Winding-up Petition
COMPASS GROUP: To Merge Three Divisions as U.K. CEO Retires
DRINKFAST LIMITED: Names Ernst & Young Liquidator
EBO CZECH: EGM Passes Winding-up Resolutions

ELSON AUTOMATION: Hires Administrators from PwC
FINNFOREST PROPERTIES: Calls in Liquidators from Numerica
G & J GARAGE: Administrator from Hazlewoods Moves in
HEBLERB LIMITED: Appoints PricewaterhouseCoopers Liquidator
I.D.S INTERNATIONAL: Meeting of Creditors Set Next Week

INSTANT SUPPLIES: In Voluntary Winding-up
INSURANCE COMPANY: Appoints Ernst & Young Liquidator
KENT & CO.: Bed Manufacturer Calls in Administrator
KING'S LYNN: Liquidators from Numerica Move in
LA PRENSA: Restaurant Liquidates

LONDON BRONCOS: Owner Wants Partnership with Quins, Not Merger
MACKENZIE'S BAR: Collapse Raises Doubts on Owner's Past Failures
MEDLOCK COMMUNICATIONS: Multinational Company Calls in Receivers
MEDLOCK LIMITED: Barclays Bank Appoints Grant Thornton Receiver
MG ROVER: Rare Clash Looms as SAIC Eyes Legal Action

MG ROVER: Unions to Negotiate with Nanjing
MKM FOAM: Appoints Administrator from Till Morris Partnership
M P BROOKES: Creditors Meeting Set Today
MURMAR PHIPPS: Administrators from Tenon Recovery Move in
NEW FULCRUM: Calls in Liquidator from PwC

PATIENTLINE PLC: Downward Trend Could Bring in Loss of GBP4 Mln
PENFOLD BLOODSTOCK: Names BDO Stoy Hayward Administrator
PLANESTATION GROUP: Stops Trading After Banks Withdrew Support
PLANT PROTECTION: Liquidators from Ernst & Young Move in
PLANT SCIENCE: Names Liquidators from Ernst & Young

PLATEBOX LIMITED: Liquidators from Ernst & Young Takes Charge
SCONTI LIMITED: Calls in Administrators from Poppleton & Appleby
SYNGENTA EPSILON: Calls in Ernst & Young to Liquidate Biz
SYNGENTA THETA: Calls Ernst & Young to Wind up Firm
T B PLANT: Members Decide to Wind up Firm

TORVER GROUP: Royal Bank of Scotland Appoints KPMG Receiver
U.K. COAL: Losses, Net Assets Lower under IFRS
WESTLOC LIMITED: Administrator from Purnells Moves in
WH SMITH: Appoints New Non-executive Director
WOOLWORTHS GROUP: Sales Drop 4.4% as Trading Remains Difficult
ZENECA INTERNATIONAL: Chemical Product Distributor Liquidates
ZENECA TURKIYE: Names Ernst & Young Liquidator


                            *********


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


AUSTRIAN AIRLINES: Result Hit by Difficult Operating Environment
----------------------------------------------------------------
The first half-year of 2005 was marked by very high fuel prices
(peaks of over US$600/ton), overcapacity in the market and a weak
load factor, especially in the first quarter.  Despite increases
in passenger volume and stabilization in the load factor, which
the company was even able to raise above last year's figure at
the end of the second quarter, these factors combined to produce
a clear reduction in the result overall.

Compared to the same period last year, the adjusted EBIT fell
from -EUR8.5 million to -EUR63.5 million.  The EBIT, meanwhile,
slid from -EUR18.9 million to -EUR93.3 million.  Result before
tax was -EUR106.6 million, against -EUR27.5 million the previous
year (adjusted: down from -EUR18.3 million last year to -EUR83.3
million in 2005).

Vagn Soerensen, Chief Executive Officer of Austrian Airlines,
commented on the half-year result for 2005: "At the beginning of
the year, we slowed down our planned growth and adjusted flight
capacity where necessary.  At the same time, we launched an
extensive sales offensive and increased the competitiveness of
our Vienna hub by supporting transfer charges.  As a result, we
succeeded in increasing passenger figures and stabilizing our
load factor in the second quarter, although it was not possible
to compensate the negative environmental factors with such
measures.  The winter period, when demand tends to be lower due
to seasonal factors in any case, is expected to produce a highly
volatile demand trend, which we will proactively counter through
targeted capacity adjustments and tight cost management.  Due to
the challenging operating environment -- fuel prices and
overcapacity in particular -- we expect to see a negative
adjusted EBIT for 2005 as a whole."

Financial Result, 1st Half-Year 2005


Key Figures         Unit        1-6/2005      1-6/2004     +/- %
Revenue              EURm         1,077.5       1,047.8      2.8
Operating revenue    EURm         1,082.0       1,067.9      1.3
Operating expenses   EURm        -1,175.3      -1,086.8     -8.1
EBITDAR              EURm            47.7         105.9    -55.0
EBITDAR adjusted[1]  EURm            77.6         134.5    -42.3
EBIT                 EURm           -93.3         -18.9        -
EBIT adjusted[2]     EURm           -63.5          -8.5        -
Financial result     EURm           -13.3          -8.6    -54.7
Result before tax    EURm          -106.6         -27.5        -
Result before tax
Adjusted[2]          EURm           -83.3         -18.3        -
Result after tax     EURm           -79.9         -40.5        -
Result after tax
Adjusted[2]          EURm           -56.6         -31.3        -
Cash flows from operating
activities           EURm           146.0         146.1     -0.1
Net loss for the
reporting period     EURm           -79.1         -41.0        -
Passengers carried
scheduled and charter
services)                      4,499,094     4,418,915      1.8
Passenger load factor
(scheduled services)   %            69.8          71.1   -1.3 P.
Cargo                Tons          72,509        70,332      3.1

----------
[1] Adjusted for profits/losses from the disposal of assets,
other disposal costs of aircraft (2005: EUR0.0 million, 2004:
EUR5.7 million) and for exchange rate valuations at the reporting
date.

[2] Adjusted for profits/losses from the disposal of assets,
other disposal costs of aircraft, exchange rate valuations at the
reporting date and revaluations of aircraft.

CONTACT:  AUSTRIAN AIRLINES AG
          Fontanastrasse 1
          A-1107 Wien
          Phone: +43 (0)5 1766
          Fax: +43 (0)1 688 55 05
          E-mail: johannes.davoras@aua.com
          Web site: http://www.aua.com
          Investor Relations
          Dr. Prisca Havranek-Kosicek
          Phone: 051766 - 3642
          Johannes Davoras
          Johann Jurceka
          Phone: 051766-1231


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


BULL SA: Revenue Up Only 1%, but Net Profit Doubles
---------------------------------------------------
Half-year Highlights

(a) EBIT: EUR18.2 million, in line with the objective;

(b) Net income: EUR9.4 million;

(c) The implementation of the 5-step 2005 action plan is already
    delivering noticeable results;

(d) Backlog at the end of June 2005 increased by 19%.

Didier Lamouche, Chairman and Chief Executive of the Bull Group,
said: "Thanks to an organization that is being driven by a clear
operational plan of action, Bull has recorded its first six
months of growth since 1999.  We have thus exceeded the
objectives set at the beginning of the year.  Bull has clearly
bounced back.  Our open and innovative technology positions us
favorably for long-term growth."

Revenue Upturn

Revenue, up 1%, reached EUR571.8 million, above the objective of
EUR560 million.  This is mainly due to a net increase in revenue
from the Group's product business (+10%).  This growth reflects
the fact that Bull's offering in the field of leading edge
technologies is increasingly relevant and competitive.

The services business achieved a very similar level of revenue to
last year (-0.6%) and, encouragingly, an increase of 4% was
recorded compared to the second half of 2004.  The evolution of
the Group's maintenance activities (-11%) was in line with
forecasts.

During the first six months, orders increased significantly
(+11%): +16% in products and +4% in services, reflecting the
Group's new business momentum.

As a result, the backlog at the end of June 2005 was up 19%
compared to the end of June 2004.

Confirmation of Operating Profitability

Gross margin was in line with expectations (at 26.4% of revenue).
R&D expenses were maintained at 4.8% of revenue.  SG&A expenses
were down by 3% compared to the same period last year, and
accounted for 18.4% of revenue compared with 19.1% in the same
period last year.

EBIT, which amounted to EUR18.2 million, or 3.2% of revenue, was
in line with the objective announced in February this year.

Improvement in Net Profit

The Group continued to rationalize and the costs entailed were
partly covered by non-recurring items (most notably, the sale of
Bull's equity stake in Steria).  Operating income, including
non-recurring items amounted to EUR13.7 million.

Thanks to the Group's sound financial footing, financial expenses
for the period were reduced to 0.2% of revenue.

Net profit reached EUR9.4 million, compared with the EUR3.7
million achieved during the same period in 2004.

Reinforced Financial Structure

The Group continued to strengthen its financial structure during
the first half of 2005.  At the end of June 2005, net cash stood
at EUR264 million compared with EUR237 million at the end of
December 2004.  Consolidated net equity grew to EUR80 million,
compared with EUR65 million at the end of December 2004
(including IFRS impact).

Ongoing 2005 Action Plan

One of the main priorities of the first six months of 2005 was
the development and implementation of an operational action plan
for 2005, of which a number of steps have already been completed.
In particular, a new top management team -- bringing together
both internal and external experience -- has been constituted,
and a new management system focused on operational efficiency has
been established and is already delivering results.

The plan to improve the services business in France has been
launched and is now entering its implementation phase.  The
recovery plan for the Group's Italian activities is underway and
has already led to a significant increase in orders and revenue
during the first half of 2005, in spite of a difficult local
environment.

Outlook for 2005

In a market that remains cautious, particularly in Western
Europe, Bull targets a higher revenue and EBIT objective in the
second half of 2005 than that achieved in the first half of the
year.

About Bull

Bull designs and develops servers, software and services for an
open environment, integrating the most advanced technologies.  In
this respect, Bull's range of NovaScale servers combines the
openness of standards with the robustness of mainframes.  It
brings to its customers its expertise and know-how to help them
in the transformation of their information systems and to
optimize their IT infrastructure and their applications.

Bull is particularly present in the public sector, banking,
finance, telecommunication, utilities and manufacturing sectors.
Capitalizing on its wide experience, the Group has a thorough
understanding of the business and specific processes of these
sectors, thus enabling it to efficiently advise and to accompany
its customers.  Its distribution network spreads to over 100
countries worldwide.

CONTACT:  BULL S.A.
          Anne-Marie Jourdain
          rue Jean Jaures - 78340
          Les Clayes sous Bois - France
          Phone: +33(0)1 30 80 32 52
          E-mail: anne-marie.jourdain@bull.net
          Web site: http://www.bull.com/fr


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


AGFAPHOTO GMBH: May Axe 850 Employees Soon
------------------------------------------
AgfaPhoto GmbH needs to shed more than 50% of its current
workforce to survive, Die Welt says.

The company currently employs 1,715 in seven sites across
Germany, but that number needs to go down to 850 for the
long-term survival of the firm.  Of the group's various
activities, only the divisions involved in the production of film
and photographic paper have sufficient funds to continue.  These
divisions will be able to keep all of its 900 staff in Leverkusen
and Windhagen.  The laboratory activities, which have orders good
only till the end of the year, are not expected to achieve
profits in the long term.  This segment employs 250.

Provisional administrator Andreas Ringstmeier will ask the
district court in Cologne to open insolvency proceedings on
August 1 and propose the continuation of the company's
activities.

AgfaPhoto manufactures photographic film, papers, chemicals and
disposable cameras.  It also offers online print service, on-site
processing, kiosk systems and wholesale finishing.

CONTACT:  AGFAPHOTO GERMANY GmbH
          Contact person: Ingbert Schmitz
          Im Mediapark 5
          D-50670 Koln
          Phone: +49 221 98544-3723
          Fax: +49 221 98544-3805
          Web site: http://www.agfaphoto.com/


AGIV REAL: Dreag Winning Bidder Known Thursday
----------------------------------------------
The preferred buyer for Agiv Real's subsidiary Deutsche Real
Estate AG (Dreag) will be known this week, reports Financial
Times Deutschland.

According to the paper, Agiv's creditors will pick the winning
bidder when they meet tomorrow.  The interested parties are IVG,
a German property group; Rickmers, a German shipping company;
Whitehall, a Goldman Sachs property fund; and an unidentified
U.K. investment fund.  It is not clear if they will acquire
majority of Dreag or merely buy up its property portfolio.

Dreag's portfolio of 60 properties in Berlin, Dresden,
Dusseldorf, Hamburg, Munich and the Rhine-Main area is valued at
EUR500 million.  It is the remaining business of insolvent Agiv
Real Estate AG.

CONTACT:  AGIV REAL ESTATE AG
          Warburgstrasse 50
          D-20354 Hamburg
          Phone: +49-40 4 15 26-0
          Fax: +49-40 4 15 26-199
          Web site: http://www.agiv.de


ALLGEMEINBAUUNTERNEHMEN BUDOPRZEM: In Administration
----------------------------------------------------
The district court of Charlottenburg opened bankruptcy
proceedings against Allgemeinbauunternehmen Budoprzem GmbH on
June 28.  Consequently, all pending proceedings against the
company have been automatically stayed.  Creditors have until
September 23, 2005 to register their claims with court-appointed
provisional administrator Ruediger Wienberg.

Creditors and other interested parties are encouraged to attend
the meeting on August 17, 2005, 10:50 a.m. at the district court
of Charlottenburg, Amtsgerichtsplatz 1, 14057 Berlin, II. Stock
Saal 218, 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 on November 16,
2005, 10:55 a.m. at the same venue.

CONTACT:  ALLGEMEINBAUUNTERNEHMEN BUDOPRZEM GmbH
          Thomasiusstrasse 23, 10557 Berlin

          Ruediger Wienberg, Administrator
          Giesebrechtstr. 1, 10629 Berlin


BUEROSYSTEM LINKE: Under Bankruptcy Administration
--------------------------------------------------
The district court of Augsburg opened bankruptcy proceedings
against Buerosystem Linke GmbH & Co.KG on June 29.  Consequently,
all pending proceedings against the company have been
automatically stayed.  Creditors have until August 2, 2005 to
register their claims with court-appointed provisional
administrator Rainer U. Mueller.

Creditors and other interested parties are encouraged to attend
the meeting on September 14, 2005, 8:15 a.m. at the district
court of Augsburg, Justizgebaude, Sitzungssaal 162, Am Alten
Einlass 1, 86150 Augsburg, 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:  BUEROSYSTEM LINKE GMBH & Co.KG
          Aussere Industriestr. 16, 86316 Friedberg
          HRA 3291 Augsburg
          Contact:
          Ekkehard Linke, Manager

          Rainer U. Mueller, Administrator
          Schiessstattenstr. 15, 86159 Augsburg


CORONA ZAHNTECHNIK: Court Appoints Administrator
------------------------------------------------
The district court of Charlottenburg opened bankruptcy
proceedings against corona Zahntechnik GmbH on June 29.
Consequently, all pending proceedings against the company have
been automatically stayed.  Creditors have until September 17,
2005 to register their claims with court-appointed provisional
administrator Joachim Voigt-Salus.

Creditors and other interested parties are encouraged to attend
the meeting on August 18, 2005, 9:35 a.m. at the district court
of Charlottenburg, Amtsgerichtsplatz 1, 14057 Berlin, II. Stock
Saal 218, 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 November 3,
2005, 9:20 a.m. at the same venue.

CONTACT:  CORONA ZAHNTECHNIK GmbH
          Albrechtstrasse 110,12167 Berlin

          Joachim Voigt-Salus, Administrator
          Rankestrasse 33, 10789 Berlin


GFE HANDELSGESELLSCHAFT: Falls into Bankruptcy
----------------------------------------------
The district court of Charlottenburg opened bankruptcy
proceedings against GFE Handelsgesellschaft fuer Energietechnik
mbH on June 30.  Consequently, all pending proceedings against
the company have been automatically stayed.  Creditors have until
September 17, 2005 to register their claims with court-appointed
provisional administrator Rolf Nacke.

Creditors and other interested parties are encouraged to attend
the meeting on August 18, 2005, 9:40 a.m. at the district court
of Charlottenburg, Amtsgerichtsplatz 1, 14057 Berlin, II. Stock
Saal 218, 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 on November 3,
2005, 9:25 a.m. at the same venue.

CONTACT:  GFE HANDELSGESELLSCHAFT FUER ENERGIETECHNIK mbH
          Alt-Biesdorf 64, 12683 Berlin

          Rolf Nacke, Administrator
          Gross-Berliner Damm 73 c, 12487 Berlin


INFINEON TECHNOLOGIES: Loss Widens Despite Sales Growth
-------------------------------------------------------
Infineon Technologies AG has reported its operating loss in its
fiscal third quarter bloated to EUR234 million with the decline
of prices for computer chips.

According to Reuters Tuesday, the figure included an
EUR81-million charge, mostly for the closure of its Munich plant,
and impairment charges for its communication business.

The result is miles away from the forecast of 15 analysts, who
earlier expected Europe's biggest chip manufacturer to bring in a
loss before interest and tax of only EUR165 million.  It is also
almost double the EUR117-million loss it revealed a quarter
earlier.

Analysts were not certain as to the effects of the company's
one-off charges for restructuring.

For the first nine months of financial year 2005, total revenues
were EUR5.03 billion, down 3% from EUR5.20 billion in the same
period last year, while net loss amounted to EUR212 million,
against a net income of EUR17 million a year earlier.

The bad news came amid shareholders complaining against the
chipmaker's lack of transparency in the bribery claims involving
top executive Andreas von Zitzewitz.  Investors fear a
lengthy scandal could result from attempts to conceal details
regarding the allegations.

The firm's investment, financial and audit committee, following a
meeting Friday, has concluded to continue the working
relationship with Dr. von Zitzewitz as no evidence of misconduct
could reportedly be found.

On the bright side, Infineon reported sales of EUR1.606 billion
euros, beating expectations of EUR1.588 billion, on average, for
the quarter to the end of June.  This was due to increasing
demand and a weakening of the euro versus the dollar.

Infineon said it expected stable prices in the next quarter in a
balanced supply-and-demand environment.

Chief Executive Wolfgang Ziebart said: "We expect an improved
fourth quarter compared to the third quarter."

CONTACT:  INFINEON TECHNOLOGIES AG
          Worldwide Headquarters
          P.O. Box 80 09 49
          D-81609 Muenchen
          Germany
          Phone: +49-89-234-28481
          Fax: +49-89-234-28482
          Web site: http://www.infineon.com


INFINEON TECHNOLOGIES: Names New Investor Relations Officer
-----------------------------------------------------------
Effective October 1, 2005, Ulrich Pelzer (32), previously Senior
Analyst for semiconductors and semiconductor equipment at the
investment bank Lehman Brothers in London, will assume
responsibility for Investor Relations at Infineon Technologies
AG.  Also from September 1, Dr. Erk Thorsten Heyen (39), until
recently head of the Secure Mobile Solutions Business Group, will
assume responsibility for Corporate Strategy and Mergers &
Acquisitions.  The current Head of Corporate Strategy, Investor
Relations and Mergers & Acquisitions, Dominik Asam (36), is
moving at his own request to the Managing Board of Siemens
Financial Services.

Business Administration and Economics graduate Ulrich Pelzer has
been a Senior Analyst at the international investment bank Lehman
Brothers in London since August 2000, with responsibility for the
semiconductor and semiconductor equipment sectors.  He began his
career in July 1997 at BHF Bank AG in Frankfurt am Main, where,
among others, he was Financial Analyst responsible for the IT
market.  During this time, Pelzer participated in the IPOs for
several companies.

Physics graduate Dr. Erk Thorsten Heyen joined Infineon in
September 2003 and assumed global responsibility for the Secure
Mobile Solutions Business Group.  From 2001 to 2003, Heyen was
CEO at Unit.Net AG.  He began his career in 1992 at McKinsey &
Company as a Member of the Telecommunication Practice, and from
1996 to 2001 held various managerial posts within Bertelsmann AG,
including CFO, General Manager and in Corporate Development.

Dominik Asam has been Head of Investor Relations, Mergers &
Acquisitions and Corporate Ventures at Infineon since September
2003. Since January 2005, he has also been responsible for
Corporate Strategy.  In his two years at the company, Asam has
made an essential contribution to Infineon's strategic
development and substantially improved communications with the
capital markets.  Prior to moving to Infineon, Asam was at
Goldman Sachs from 1996 in the Investment Banking Division in
Frankfurt, New York and most recently London, where he was
responsible from 2000 as Executive Director for investment
banking for semiconductor companies in Europe.

About Infineon

Infineon Technologies AG, Munich, Germany, offers semiconductor
and system solutions for automotive, industrial and multimarket
sectors, for applications in communication, as well as memory
products.  With a global presence, Infineon operates through its
subsidiaries in the U.S. from San Jose, CA, in the Asia-Pacific
region from Singapore and in Japan from Tokyo.  In fiscal year
2004 (ending September), the company achieved sales of Euro 7.19
billion with about 35,600 employees worldwide.  Infineon is
listed on the DAX index of the Frankfurt Stock Exchange and on
the New York Stock Exchange (ticker symbol: IFX).  Visit
http://www.infineon.comfor more information.

CONTACT:  INFINEON TECHNOLOGIES AG
          Worldwide Headquarters
          P.O. Box 80 09 49
          D-81609 Muenchen
          Germany
          Web site: http://www.infineon.com
          Phone: +49-89-234-28481
          Fax: +49-89-234-28482
          E-mail: guenter.gaugler@infineon.com

          For Investors and Analysts based in Europe
          Phone: +49-89-234 26655
          E-mail: investor.relations@infineon.com


REISESERVICE 2000: Creditors' Claims Due Next Week
--------------------------------------------------
The district court of Darmstadt opened bankruptcy proceedings
against Reiseservice 2000 GmbH on June 27.  Consequently, all
pending proceedings against the company have been automatically
stayed.  Creditors have until August 3, 2005 to register their
claims with court-appointed provisional administrator Sylvia
Rhein.

Creditors and other interested parties are encouraged to attend
the meeting on September 14, 2005, 9:00 a.m. at the district
court of Darmstadt, Zimmer 4, Gebaude E, Landwehrstrasse 48,
64293 Darmstadt, 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:  REISESERVICE 2000 GmbH
          Hospitalstrasse 8, 64560 Riedstadt
          Contact:
          Dirk Fischer, Manager
          Dudenhoferstrasse 67, 63110 Rodgau

          Sylvia Rhein, Administrator
          Walther-Rathenau-Str. 24, 64646 Heppenheim
          Phone: 06252/6877-0
          Fax: 06252/6877-11


S.L. HANDELSHAUS: Court to Verify Claims September
--------------------------------------------------
The district court of Bonn opened bankruptcy proceedings against
S.L. Handelshaus GmbH on July 1.  Consequently, all pending
proceedings against the company have been automatically stayed.
Creditors have until August 12, 2005 to register their claims
with court-appointed provisional administrator Ruediger Stoll.

Creditors and other interested parties are encouraged to attend
the meeting on September 22, 2005, 9:00 a.m. at the district
court of Bonn, Insolvenzgericht, Wilhelmstrasse 21, 53111 Bonn,
Zimmer W 1.24 C, 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:  S.L. HANDELSHAUS GmbH
          Am Bahnhof 21, 53757 St. Augustin
          Contact:
          Lutz Stohr, Manager
          Drachenfelsstr. 50, 53757 St. Augustin

          Ruediger Stoll, Administrator
          Sankt Augustiner Strasse 94 a, 53225 Bonn
          Phone: 0228/ 40 09 40
          Fax: 40 09 479


STREHLOW ELECTRONIC: Creditors Meeting Set Next Month
-----------------------------------------------------
The district court of Hamburg opened bankruptcy proceedings
against Strehlow Electronic GmbH & Co. KG on June 27.
Consequently, all pending proceedings against the company have
been automatically stayed.  Creditors had until July 21, 2005 to
register their claims with court-appointed provisional
administrator Hendrik Rogge.

Creditors and other interested parties are encouraged to attend
the meeting on August 18, 2005, 1:20 p.m. at the district court
of Hamburg, Insolvenzgericht, Weidestrasse 122d, 22083 Hamburg,
Saal 1, 2. Ebene (Zi. 2.18), 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:  STREHLOW ELECTRONIC GmbH & Co. KG
          Schippelsweg 63f, 22455 Hamburg
          Contact:
          Marcus Hoffmann, Manager
          Schmalenrade 38, 25704 Bargenstedt

          Hendrik Rogge, Administrator
          Albert-Einstein-Ring 15, 22761 Hamburg
          Phone: 897186-0
          Fax: 897186-11


VLV VERMOGENS: Court to Verify Claims November
----------------------------------------------
The district court of Charlottenburg opened bankruptcy
proceedings against VLV Vermogens- und
Liegenschafts-Verwaltungsgesellschaft mbH on June 28.
Consequently, all pending proceedings against the company have
been automatically stayed.  Creditors have until September 26,
2005 to register their claims with court-appointed provisional
administrator Hartwig Albers.

Creditors and other interested parties are encouraged to attend
the meeting on August 17, 2005, 9:20 a.m. at the district court
of Charlottenburg, Amtsgerichtsplatz 1, 14057 Berlin, II. Stock
Saal 218, 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 on November 23,
2005, 9:35 a.m. at the same venue.

CONTACT:  VLV VERMOGENS- UND LIEGENSCHAFTS
          VERWALTUNGSGESELLSCHAFT mbH
          Blissestrasse 66,10713 Berlin

          Hartwig Albers, Administrator
          Luetzowstr. 100, 10785 Berlin


VOLKSWAGEN AG: To Settle Damages Caused by Alleged Bribery
----------------------------------------------------------
Volkswagen AG will be paying close to EUR2 million to the Indian
state of Andhra Pradesh to settle claims arising from the alleged
corruption by a former executive, says the Associated Foreign
Press.

In a statement, the carmaker said: "The company is assuming
responsibility for the damage caused by the suspected illegal
dealings of the former head of human resources at Skoda, Helmut
Schuster."  Skoda is part of the Volkswagen group based in the
Czech Republic.

The company said Mr. Schuster, who is under investigation for
alleged breach of trust, had acted in India without the company's
authority.  He resigned on June 15 amid claims that Andhra
Pradesh authorities paid him EUR2 million to affirm Volkswagen's
commitment to invest in the state.

According to the authorities, the cash was endorsed to a company
named Vashista Wahan, which was presented to them as Volkswagen's
Indian division.

Volkswagen clarified that Vashishta Wahan was a project company
established to build a factory in India for the carmaker.
However, Volkswagen was adamant in saying that it had not yet
decided on investing in the country.

The company said: "With respect to the payments to Vashishta
Wahan arranged by the state of Andhra Pradesh, the Volkswagen
Group will assume responsibility."

It added that Volkswagen does not hold and never has owned a
stake in Vashishta Wahan, though it remains interested in
penetrating the Indian market.

CONTACT:  VOLKSWAGEN AG
          Brieffach 1848-2
          38436 Wolfsburg, Germany
          Phone: +49 53 61 90
          Fax:   +49 53 61 92 82 82
          Web site: http://www.volkswagen.de


===========
G R E E C E
===========


DRYSHIPS INC.: To Bare Second-quarter Figures Next Week
-------------------------------------------------------
DryShips Inc. will release its second quarter 2005 results for
the period ending June 30, 2005 after the close of the market on
Tuesday, August 2, 2005.

On Wednesday, August 3, 2005 and at 10:00 a.m. (Eastern Time),
the company's management will host a conference call to discuss
the results.

Participants should dial into the call 10 minutes before the
scheduled time using these numbers: 1866 819 7111 (from the
U.S.), 0800 953 0329 (from the U.K.) or +44 1452 542 301 (from
outside the U.S.).  Please quote "DryShips".

In case of any problem with the above numbers, please dial 1866
869 2352 (from the U.S.), 0800 694 1449 (from the U.K.) or +44
1452 560 304 (from outside the U.S.).  Quote "DryShips".

A telephonic replay of the conference call will be available
until August 10, 2005 by dialing 1866 247 4222 (from the U.S.),
0800 953 1533 (from the U.K.) or +44 1452 550 000 (from outside
the U.S.).  Access Code: 8144931#

Slides and Audio Web cast

There will also be a live -- and then archived -- Web cast of the
conference call, through the Internet through the DryShips, Inc.
Web site (http://www.dryships.com). Participants to the live Web
cast should register on the Web site approximately 10 minutes
prior to the start of the Web cast.

                            *   *   *

DryShips specializes in shipping drybulk commodities such as
coal, iron ore, and grains as well as minor bulks like bauxite,
fertilizers, and steel products.  Its fleet is managed by
Liberian affiliate Cardiff Marine Inc.  Chairman and CEO George
Economou and family own 57% of DryShips.

For the year ended October 31, 2004, DryShips reported a
US$(4.374) million [EUR (3.58) million] shareholders' equity, as
total liabilities exceeded total assets of US$183.55 million
(EUR150.05 million).  The company faces US$98.17 million
(EUR80.24 million) in maturing debt before the end of the
current fiscal year.  Its long-term liabilities amount to
US$115.202 million (EUR94.16 million), according to U.S. SEC
files.

CONTACT:  DRYSHIPS INC.
          80 Kifissias Avenue
          Marousi
          Athens - 15125
          Greece
          Web site: http://www.dryships.com

          Christopher J. Thomas
          Chief Financial Officer
          Phone: 011-30-210-809-0570
          E-mail: finance@dryships.com

          Investor Relations / Media
          Nicolas Bornozis
          Capital Link, Inc. (New York)
          Phone: 212-661-7566
          E-mail: nbornozis@capitallink.com


=============
H U N G A R Y
=============


NABI RT: Board Member Leaves
----------------------------
Zoltan Toth has resigned from NABI Rt's Board of Directors due to
his other business commitments.

                            *   *   *

In May, Nabi Rt agreed in principle with its financiers on the
restructuring of approximately US$103 million short-term debt and
other banking facilities.

Under the agreement in principle, the financiers have agreed to
reduce their debt to US$60 million, with a portion of such
reduction converted to equity in the form of the financiers
acquiring a 90% equity interest in NABI Inc. (NABI Rt.'s main
operating subsidiary) and up to a 33% equity interest in NABI Rt.
The reduced debt will be classified as long term and have
maturities ranging from 5 to 8 years.  All warrants formerly
issued by NABI Rt. to the financiers will be cancelled as part of
the restructuring.

Pursuant to their conversion of debt to equity the financiers
will have the right to nominate candidates for up to a third of
the Board of Directors of NABI Rt. and appoint all but one
Director of NABI Inc.

On completion of the restructuring, NABI Inc. will be the sole
borrower of US$60.0 million reduced debt.  NABI Rt will be free
of debt, but will guarantee repayment of up to US$6.5 million of
the debt of NABI Inc. secured by a first lien on all of NABI
Rt.'s real estate assets.

Given the separation in the majority ownership of NABI Rt. and
NABI Inc., the companies will enter into an arm's length supply
agreement to ensure the continued supply of steel shells,
chassis, parts and service from Hungary to the U.S. business.

The financiers support the continuing efforts by NABI Rt. to sell
assets and businesses, the proceeds of which will be used to
continue to reduce debt as quickly as practicable.  NABI Rt. Will
also continue to restructure its operations with a view to
improving efficiency and productivity and ensuring the long-term
prospects of manufacturing steel buses.

CONTACT:  NABI RT
          Ujszasz utca 45
          Budapest 1165 Hungary
          Phone: +36.1.401.7100
          Fax: +36.1.407.2931
          E-mail: corporate.office@nabi.hu
          Contact:
          Andras Bodor, Corporate Affairs Director

          CONWAY, DEL GENIO, GRIES & CO., LLC
          Adviser
          645 5th Ave.
          New York, NY 10022
          Phone: 212-813-1300
          Fax: 212-813-0580
          Web site: http://www.cdgco.com


NABI RT: Books Bus Orders Worth US$33 Million
---------------------------------------------
NABI Bus Industries (BSE:NABI) received two orders for 70 40-LFW
and 10 60-BRT CNG-fueled transit buses.  Total contract value is
US$33 million.

Foothill Transit in California, U.S.A. ordered 42 CNG 40-LFW
transit buses, a contract worth approximately US$16 million.  The
buses will be delivered in the 4th quarter of 2006.  The 42 new
NABI buses will be deployed in a new, uniquely branded higher
speed service with fewer stops.

Mesa's Regional Public Transportation Authority in Arizona,
U.S.A. purchased two different types of NABI buses consisting of
10 60-BRT articulated buses and 28 40-LFW low-floor CNG buses.
The total contract value is approximately US$17 million.
Delivery of these vehicles will be in late 2006.

CONTACT:  NABI RT
          Ujszasz utca 45
          Budapest 1165 Hungary
          Phone: +36.1.401.7100
          Fax: +36.1.407.2931
          E-mail: corporate.office@nabi.hu
          Contact:
          Andras Bodor, Corporate Affairs Director

          CONWAY, DEL GENIO, GRIES & CO., LLC
          Adviser
          645 5th Ave.
          New York, NY 10022
          Phone: 212-813-1300
          Fax: 212-813-0580
          Web site: http://www.cdgco.com


=============
I R E L A N D
=============


MOULDPRO INTERNATIONAL: Provisional Liquidator Takes over Biz
-------------------------------------------------------------
High Court Judge Mary Finlay Geoghegan on Friday appointed Pearse
Farrell of FGS Business Advisors as provisional liquidator to
Mouldpro International Limited.  A subsequent hearing is set for
August 10, according to Europe Intelligence Wire.

The company owes EUR1.7 million to the Revenue Commissioners,
mainly due to VAT liability arising on the sale of the Dublin
factory; EUR400,000 to Total Petrochemicals (UK) Limited; and
EUR1.6 million to Bank of Ireland Commercial Financed Limited,
its only secured creditor.

The petition to wind-up was bought by Plastronix Investments
Limited, a subsidiary of BDP Mouldings Limited, of which Mouldpro
is the principal trading company.  BDP Mouldings also has a third
subsidiary.  Mouldpro has outstanding inter-company balance of
EUR1.012 million to Plastronix.

Mouldpro makes precision plastic molded casings, including
television cabinets, for the electronics industry.  It employs
130 people at its Finglas factory in Dublin.  It also has a
leased factory premises in the Czech Republic.  The facility is
run by three full-time employees.  It has a labor force of 140
people employed on contractual basis.

The firm serves leading international manufacturers of electronic
equipment, including Sony, Panasonic and Toshiba.  Their business
relationship spans more than 18 years.  It incurred losses in
2004 and 2005 due to lower production of the company's customers
in the U.K.  The downturn results from general difficulties in
the manufacturing sector as firms move production to eastern
Europe.

Mouldpro sold its Dublin factory for EUR11.75 million to pay
second borrowings and cover losses, while attempting to upgrade
product offerings.  But its plans failed to work all the way when
in June Toshiba cut back projected requirement for 3.5 million of
product to 1.5 million, blocking a steady flow of revenues to
help it achieve sustainable recovery.  Sony also reduced its
order by 7.5 million to 2.5 million in line with the complete
closure of its U.K. operations.  These developments left Mouldpro
insolvent and unable to pay debt.

CONTACT:  MOULDPRO INTERNATIONAL LTD.
          Jamestown Road
          Finglas
          Dublin 11
          Ireland
          Phone: [+353 1] 806 8200
          Fax: [+353 1] 834 6586
            or [+353 1] 834 5379
          E-mail: info@m-i-l.ie
          Web site: http://www.m-i-l.ie/site2.htm


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


FINPART SPA: Reaches Deal with Paoloni over Cerruti Brand
---------------------------------------------------------
Finpart S.p.A. will sell 82% of its luxury brand Cerruti to
clothing manufacturer Manifattura Paoloni as part of its
restructuring, Il Sole 24 Ore says.

The two recently agreed on the selling price of EUR112 million,
Finpart lawyers told the bankruptcy court in Milan on July 21.
They also said the board has also authorized four capital
increases to tide the company over.

Finpart Chairman Gianni Mazzola has pledged to inject EUR15
million into the group, the lawyers said.  The three other
capital increases will be in the form of debt-for-equity swaps
with bondholders.  Last week, institutional bondholders rejected
Finpart's restructuring plan.

Two creditors filed separate bankruptcy petitions against the
fashion and textile group in February.  One was identified by
TCR-Europe as Bain & Company Italy, which is claiming EUR0.3
million in unpaid consultancy fees.  The other, filed by a
bondholders group, is seeking the repayment of EUR11.5 million.

Finpart says the claims raised by the bondholders were not
legitimate.  As for the obligation to Bain, the company has opted
not to pay the bill at this time because it does not relate to
its industrial activities.  The court will decide whether to
declare the group insolvent or postpone the hearing to September
or October.

The group, which owns the labels Andrea Pfister, Cerruti, Maska
and Henry Cotton's, said in February it will seek a EUR300
million capital increase and a rescheduling of EUR200 billion in
bonds that it defaulted in July last year.

For the first nine months of 2004, the company booked a EUR59.5
million loss, up from -EUR49.7 million in the same period in
2003.  The textile group saw its revenue fall significantly by
EUR58.4 million in 2003 to EUR245.8 million in 2004, but managed
to reduce net financial debt from EUR357 million in November 2004
to EUR347.5 million in December 2004.  The group was able to cut
its short-term bank debt by EUR10.8 million in the same period.

CONTACT:  Finpart S.p.A.
          Foro Buonaparte, 51
          20121 Milan, Italy
          Phone: +39-02-72-55-01
          Fax: +39-02-86-46-32-42


===================
L U X E M B O U R G
===================


EVRAZ SECURITIES: Fitch Upgrades Bonds to 'BB-'
-----------------------------------------------
Fitch Ratings has upgraded Mastercroft Ltd.'s Senior Unsecured
rating and the guaranteed bonds of Evraz Securities S.A. to
'BB-'(BB minus) from 'B' and removed them from Rating Watch
Positive.  A Stable Outlook has been assigned.  At the same time,
Fitch has affirmed Mastercroft's Short-term 'B' rating.
Approximately US$475 million of public debt is covered by this
rating action.  ES is a special purpose financial vehicle of
Mastercroft based in Luxembourg.

The upgrade reflects Mastercroft's significant business
transformation following the consolidation of mining assets in
FY04 and material financial improvements over the last two years.
In FY04 turnover and EBITDA were substantially ahead at US$5.9
billion and US$2.0 billion respectively at a much enhanced margin
of 34% up from 21% in FY03.

While net debt rose by about one-third during FY04 to US$1.1
billion, this was outpaced by EBITDA growth, so there was a
notable reduction of leverage to 0.6x (net debt/EBTIDA) at FYE04
from 1.9x at FYE03, which Fitch views as satisfactory compared to
those of its peers.

The upgrade also reflects the progress made in improving the
quality of corporate governance and transparency following the
initial public offering of Mastercroft's shareholder Evraz Group
S.A. on the London Stock Exchange in June 2005.  Mastercroft's
Senior Unsecured rating and ES's bonds were placed on Rating
Watch Positive on 17 May 2005 following the announcement of EG's
public listing.

This listing addresses previously noted concerns, mainly
associated with the legal complexity of the company's structure
and its private ownership via Cyprus-based Crosland Ltd.  While
post-IPO Crosland remains the dominant owner of EG with a 89.61%
stake, Fitch expects transparency at Mastercroft to be assisted
by the appointment of three non-executive directors at EG level.

In addition, Mastercroft benefited from the receipt of
approximately US$156 million of cash proceeds from the IPO being
around 38% of the total received.  Mastercroft remains the main
operating holding company within EG.  The agency understands that
EG may make acquisitions at the EG level, but these will not be
financed by or with recourse to Mastercroft.

Fitch notes that the ES bonds are not guaranteed by EG, although
they remain guaranteed by Mastercroft and its principal operating
subsidiaries.  In addition bondholders benefit from certain
documentary protection including financial covenants, although
Fitch notes there is significant flexibility within the
covenants.

The Stable Outlook reflects Fitch's expectation that Mastercroft
will maintain a satisfactory financial and business profile in
spite of the industry's cyclicality.  The company's scale, track
record in integrating new businesses, a low-cost structure,
diversity of sales and production capacity, coupled with its
healthy financial profile will help support its financial
performance.

Mastercroft is Russia's largest vertically integrated steel
producer in output and ranks 14th in the world.  It specializes
in production of long-steel products, operates three steel plants
and iron ore and coal mines.

CONTACT:  FITCH RATINGS
          Sonya Dilova, London
          Phone: +44 20 7417 3485
          Nikolai Lukashevich, Moscow
          Phone: +7 095 956 9901
          Web site: http://www.fitchratings.com

          Media Relations
          Alex Clelland, London
          Phone: +44 20 7862 4084


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


ROYAL SHELL: Fitch Welcomes Asset Swap with Gazprom
---------------------------------------------------
Fitch Ratings says the agreement recently signed between OJSC
Gazprom ('BB' on Rating Watch Positive) and Royal Dutch Shell plc
('AA+' Stable Outlook) offers several benefits for both parties.

On July 7, Gazprom and Shell agreed on the terms for a
large-scale asset swap.  The transaction involves Shell
exchanging up to a 25% plus one share interest in the Sakhalin II
venture for a 50% share in the Zapolyarnoye - Neocomian field
from Gazprom. Any value differential would be offset by cash
and/or assets.

Isaac Xenitides, Senior Director in Fitch's Energy team, said:
"The asset swap is mutually beneficial for both Shell and
Gazprom.  If the asset swap is successful, this would improve the
opportunities for increasing Russian production for both parties.

"Gazprom has only one other development joint venture with
Wintershall AG and Shell's well diversified production profile
allows considerable scope for increasing Russian production."

In addition, the exchange should significantly improve Shell's
headline finding and development costs over the medium term.
Unit finding and development costs are an important measure used
in assessing the efficiency with which oil companies locate and
exploit hydrocarbon deposits.  One of the most commonly used
derivations of the measure is the "organic" finding and
development cost.  This is derived from the division of total
exploration and development costs by gross SEC reserves added
through finding and development activities (and therefore
exclusive of reserves either purchased and sold).

The Zapolyarnoye - Neocomian field is undeveloped and provides
Shell with a better opportunity for adding reserves at low cost
compared to its existing holding in the Sakhalin II venture for
which it has already included significant reserves in its
year-end 2004 SEC reserve filing.  The Sakhalin II operation is
undergoing expansion, which will add a 9.6 mt/y integrated LNG
exporting operation when it is completed in 2008.

Fitch estimates that Shell has already included up to 4 billion
cubic feet of gas reserves in accordance with SEC guidelines,
which has benefited historic unit finding and development costs.
The timing of the inclusion of project reserves, the back-ended
nature of project costs and the recently announced increase in
estimated project costs indicate that finding and development
costs per barrel will escalate significantly for the Sakhalin II
venture in the medium term.  On the other hand, the Zapolyarnoye
development is an onshore gas field with scope for much lower
unit finding and development costs.

The reduction of the Shell stake in the Sakhalin II venture may
also result in the deconsolidation of the project.  This is
attractive as Shell, alongside other European integrated majors,
only discloses development costs for consolidated developments.
This will flatter Shell's headline finding and development costs
in light of the company's likely worsening costs for the Sakhalin
II expansion, while the lower cost Zapolyarnoye development will
be consolidated in its results further improving the headline
unit cost.

By gaining access to the Sakhalin II venture Gazprom will be
closely involved in Russia's only integrated LNG development.
Gazprom has been looking to grow its capabilities in LNG and
Shell, the operator of the phase 2 development, is the world's
leading LNG exporter.  Gazprom's participation in the Sakhalin II
venture should benefit its other LNG initiatives including the
development of its Stokmanovskoye field license, located in the
Barents Sea, for which it is seeking international partners.

The Zapolyarnoye - Neocomian project, as part of the much larger
Zapolyarnoye license development, has been offsetting the
declining production in Gazprom's mature fields.  The
development, of the cenomanian deposits alone has recently added
100 bcm (20% of FY04 production) to annual production.  This new
development will benefit from Shell's in-house technical
expertise.  Successful development of the field, alongside other
Gazprom's projects, will improve its production visibility,
reduce reliance on imported gas from central Asia and improve its
export capabilities over the longer term.

CONTACT:  FITCH RATINGS
          Isaac Xenitides, London
          Phone: +44 207 417 4300
          Jeffrey Woodruff, Moscow
          Phone: +7 095 956 9986
          Web site: http://www.fitchratings.com

          Media Relations
          Alex Clelland, London
          Phone: +44 20 7862 4084


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


PETROLEUM GEO-SERVICES: To Reveal Results Thursday
--------------------------------------------------
Petroleum Geo-Services A.S.A. will release its 2005 second
quarter financial results on Thursday, July 28, 2005 at
approximately 8:00 a.m. Central European Time (CET).

A presentation has been scheduled the same day at 9:00 a.m. (CET)
at PGS' Headquarters at Lysaker, Norway.

A Web cast and conference call have also been scheduled that same
day at 3:00 p.m. CET (9:00 a.m. Eastern Time), to discuss PGS'
second quarter results.

The news release concerning the 2005 second quarter financial
results and a corresponding slide presentation will be posted on
Petroleum Geo-Services' Web site at http://www.pgs.com.
Interested parties can listen to the conference call and
management's remarks to the slide presentation over the Internet
or by telephone.

To participate in the conference call over the Internet, visit
PGS' Web site, at least 15 minutes earlier than scheduled, to
register and to download and install any necessary audio
software.

Alternatively, to access the live broadcast of the conference
call by telephone, please dial-in at the number provided below,
corresponding to your location:

U.S. and Canada (Toll-Free): +1 866-835-8845**

International (Toll-Free): +00 800 4363 7976

International (Toll): +1 703-639-1408.


[**] Participants dialing in from Finland (990), Australia
(0011), Hong Kong (001), Japan (001), Korea (002), Singapore
(001), or Thailand (001) should use the designated International
Access Code (+) specified here in place of (00).

The telephone will be open for questions at the conclusion of
management's remarks.

For those that cannot listen to the live conference call, a
replay of the Web cast will be made available on PGS' Web site.
Alternatively, a digital reply will be available shortly after
the conclusion of the conference call, through Thursday, August
4, 2005 at +1 888-266-2081 (U.S. and Canada Toll Free) or +1
703-925-2533 (International Toll).  Reference Access Code 729969.

                            *   *   *

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).  PGS
operates on a worldwide basis with headquarters at Lysaker,
Norway.

CONTACT: PETROLEUM GEO-SERVICES A.S.A.
         Strandveien 4
         PO.BOX 89
         N-1326 Lysaker, Norway
         Phone: +47 67 52 64 00
         Fax: +47 67 52 64 64

         U.S. Investor Services
         Renee Sixkiller
         Phone: +1 281 509 8548


===========
P O L A N D
===========


ELEKTRIM SA: Deadline to Pay EUR450 Million Debt Nears
------------------------------------------------------
Elektrim S.A. is under pressure to find an alternative source of
funding to repay debt to bondholders after the sale of its stake
in PTC was stalled by ownership dispute.

"I am considering other options to satisfying creditors," said
Zygmunt Solorz, the main shareholder in Elektrim and head of its
supervisory board.  Elektrim has to come up with EUR450 million
within a little more than four months.

Puls Biznezu said the firm's last resort could only be the
issuance of debenture securities by the largest private
television firm Polsat, owned by Mr. Solorz.

As for the sale of a 48% stake in PTC, the mobile phone operator
it co-owns with Vivendi, Mr. Solorz said: "It is hard to imagine
the transaction of selling shares in PTC if resolutions of the
court are not respected."

Elektrim is a public holding company quoted on the Warsaw Stock
Exchange since 1992.  Its most valuable assets are Elektrim
Telekomunikacja Sp. z o.o., and Elektrownia Patnow-Adamow-Konin
S.A.  Since 1999 Elektrim has implemented the far-reaching
restructuring program in order to improve its operational
efficiency and strengthen its position in the market.  The
strategy aimed, inter alia, at the concentration of the business
in two selected industries, i.e. telecommunications and power.

CONTACT:  ELEKTRIM S.A.
          Panska 77/79
          00-834 Warszawa

          Public relations:
          Ewa Bojar
          Company Spokesman
          Phone: (+48 22) 432 89 55
          Fax:   (+48 22) 432 87 99
          E-mail: ewa_bojar@elektrim.pl

          Investor relations:
          Phone: (+48 22) 432 87 75
          Fax:   (+48 22) 432 87 99
          Web site: http://www.elektrim.pl


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


AGRO-PROM-SNAB: Appoints N. Sasin Insolvency Manager
----------------------------------------------------
The Arbitration Court of Volgograd region commenced bankruptcy
proceedings against Agro-Prom-Snab after finding the open joint
stock company insolvent.  The case is docketed as
A12-19661/04-s24.  Mr. N. Sasin has been appointed insolvency
manager.  Creditors may submit their proofs of claim to 355047,
Russia, Stavropol, Oktyabrskaya Str. 184, Building 3.

CONTACT:  AGRO-PROM-SNAB
          Russia, Volgograd region,
          Nevskaya Str. 13a

          Mr. N. Sasin
          Insolvency Manager
          355047, Russia, Stavropol,
          Oktyabrskaya Str. 184, Building 3


BUILDING ASSEMBLY: Undergoes Bankruptcy Supervision Procedure
-------------------------------------------------------------
The Arbitration Court of Sverdlovsk region has commenced
bankruptcy supervision procedure on close joint stock company
Building Assembly Enterprise-8 (TIN 66609002615).  The case is
docketed as A60-13481/2005-S11.  Mr. A. Borovitchenko has been
appointed temporary insolvency manager.  Creditors have until
Aug. 2, 2005 to submit their proofs of claim to 620141, Russia,
Ekaterinburg, Post User Box 222.

CONTACT:  BUILDING ASSEMBLY ENTERPRISE-8
          624151, Russia,
          Sverdlovsk region, Zarechnyj

          Mr. A. Borovitchenko
          Temporary Insolvency Manager
          620141, Russia, Ekaterinburg,
          Post User Box 222


BUILDING ENTERPRISE-5: Deadline for Proofs of Claim August 25
-------------------------------------------------------------
The Arbitration Court of Kabardino Balkariya republic commenced
bankruptcy proceedings against Building Enterprise-5 after
finding the open joint stock company insolvent.  The case is
docketed as A20-3067/04.  Mr. Kh. Khutezhev has been appointed
insolvency manager.  Creditors have until Aug. 25, 2005 to submit
their proofs of claim to 360000, Russia, Kabardino Balkariya
republic, Nalchik, Rybalko Str. 4.

CONTACT:  BUILDING ENTERPRISE-5
          360000, Russia, Kabardino Balkariya republic,
          Nalchik, Rybalko Str. 4

          Mr. Kh. Khutezhev
          Insolvency Manager
          360000, Russia, Kabardino Balkariya republic,
          Nalchik, Rybalko Str. 4


KAMYSHNOYE: Kurgan Court Appoints Insolvency Manager
----------------------------------------------------
The Arbitration Court of Kurgan region has commenced bankruptcy
supervision procedure on open joint stock company Kamyshnoye.
The case is docketed as A34-2325/05.  Mr. V. Vshivkov has been
appointed temporary insolvency manager.  Creditors may submit
their proofs of claim to 623270, Russia, Sverdlovsk region,
Revda, Tsvetnikov Str. 1, Office #18

CONTACT:  KAMYSHNOYE
          Russia, Kurgan region, Lebyazhyevskiy region

          Mr. V. Vshivkov
          Temporary Insolvency Manager
          623270, Russia, Sverdlovsk region,
          Revda, Tsvetnikov Str. 1, Office #18


KORKINSKAYA CONFECTIONARY: Under Bankruptcy Supervision
-------------------------------------------------------
The Arbitration Court of Chelyabinsk region has commenced
bankruptcy supervision procedure on close joint stock company
Korkinskaya Confectionary.  The case is docketed as
A76-16899/05-36-91.  Mr. S. Anisimov has been appointed temporary
insolvency manager.  Creditors may submit their proofs of claim
to 454048, Russia, Chelyabinsk, Fedorova Str. 1a, 2nd floor.  A
hearing will take place on Sept. 14, 2005, 9:30 a.m.

CONTACT:  KORKINSKAYA CONFECTIONARY
          456550, Russia, Chelyabinsk region,
          Korkino, 30 Let VLKSM Str. 181

          Mr. S. Anisimov
          Temporary Insolvency Manager
          454048, Russia, Chelyabinsk region,
          Fedorova Str. 1a, 2nd floor
          Phone: (351) 260-40-66


MECHANIZED COLUMN-7: Succumbs to Bankruptcy
-------------------------------------------
The Arbitration Court of Chelyabinsk region has commenced
bankruptcy supervision procedure on open joint stock company
Mechanized Column-7.  The case is docketed as A76-16240/05-52-76.
Ms. T. Petrova has been appointed temporary insolvency manager.
Creditors may submit their proofs of claim to 440047, Russia,
Chelyabinsk, Fedorova Str. 1a, 2nd floor.

CONTACT:  MECHANIZED COLUMN-7
          455079, Russia, Chelyabinsk region,
          Churilovo, mech. column #7

          Ms. T. Petrova
          Temporary Insolvency Manager
          440047, Russia, Chelyabinsk region,
          Fedorova Str. 1a, 2nd floor
          Phone: (351) 260-40-66


MOVABLE MECHANIZED: Proofs of Claim Deadline Expires August
-----------------------------------------------------------
The Arbitration Court of Voronezh region commenced bankruptcy
proceedings against Movable Mechanized Column #78 after finding
the close joint stock company insolvent.  The case is docketed as
A14-1113-04/9/20b.  Mr. A. Gladkov has been appointed insolvency
manager.  Creditors have until Aug. 25, 2005 to submit their
proofs of claim to 397702, Russia, Voronezh region, Bobrov,
Kotovskogo Str. 2.

CONTACT:  MOVABLE MECHANIZED COLUMN #78
          Russia, Voronezh region,
          Bobrovskiy region, Khrenovoye

          Mr. A. Gladkov
          Insolvency Manager
          397702, Russia, Voronezh region,
          Bobrov, Kotovskogo Str. 2


PROKHLADNENSKIY: Appoints Liquidator from Kabardino Balkariya
-------------------------------------------------------------
The Arbitration Court of Kabardino Balkariya republic commenced
bankruptcy proceedings against Prokhladnenskiy after finding the
juice factory enterprise insolvent.  The case is docketed as
A20-3407/02.  Mr. Kh. Tkhagalegov has been appointed insolvency
manager.  Creditors have until Aug. 25, 2005 to submit their
proofs of claim to 361500, Russia, Kabardino Balkariya republic,
Prokhladnyj, Golovko Str. 96.

CONTACT:  PROKHLADNENSKIY
          361500, Russia, Kabardino Balkariya republic,
          Prokhladnyj, Golovko Str. 96

          Mr. Kh. Tkhagalegov
          Insolvency Manager
          361500, Russia, Kabardino Balkariya republic,
          Prokhladnyj, Golovko Str. 96


TEPLO-SERVICE: Bankruptcy Hearing Set September
-----------------------------------------------
The Arbitration Court of Kostroma region has commenced bankruptcy
supervision procedure on municipal unitary enterprise
Teplo-Service (TIN 4407005553, KPP 440701001).  The case is
docketed as A31-2435/2005-18.  Mr. A. Kovalskiy has been
appointed temporary insolvency manager.

Creditors have until Aug. 2, 2005 to submit their proofs of claim
to 160000, Russia, Vologda, Sovetskiy Pr. 6, Office 209, Post
User Box 73.  A hearing will take place on Sept. 15, 2005 at
10:30 a.m. located Russia, Kostroma, Shagova Str. 20.

CONTACT:  TEPLO-SERVICE
          157500, Russia, Kostroma region,
          Sharya, Bazovyj Proezd, 7

          Mr. A. Kovalskiy
          Insolvency Manager
          160000, Russia, Vologda, Sovetskiy Pr. 6,
          Office 209, Post User Box 73


URVANSKAYA MOVABLE: Declared Insolvent
--------------------------------------
The Arbitration Court of Kabardino Balkariya republic commenced
bankruptcy proceedings against Urvanskaya Movable Mechanized
Column-1 after finding the open joint stock company insolvent.
The case is docketed as A20-3413/03.  Mr. Kh. Tkhagalegov has
been appointed insolvency manager.  Creditors have until August
25, 2005 to submit their proofs of claim to 361300, Russia,
Kabardino Balkariya republic, Nartkala, Zhamborova Str. 2.

CONTACT:  URVANSKAYA MOVABLE MECHANIZED COLUMN-1
          361300, Russia, Kabardino Balkariya republic,
          Nartkala, Zhamborova Str. 2

          Mr. Kh. Tkhagalegov
          Insolvency Manager
          361300, Russia, Kabardino Balkariya republic,
          Nartkala, Zhamborova Str. 2


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


AIRLINK FREIGHT: High Court Orders Liquidation
----------------------------------------------
Company Name: Airlink Freight Services Limited

Company Registration Number: 04313078

Address of Registered Office: Transit Shed No 1, Liverpool
Airport, Liverpool, L24 1YD

Court: High Court of Justice

Date of Filing Petition: 21 April 2005

No. of Matter: 002617 of 2005

Date of Winding-up Order: 13 July 2005

Official Receiver's Address: 2nd Floor, Cunard Building, Pier
Head, Liverpool, L3 1DS


A J N ELECTRONIC: Gets Court Approval to Start Liquidation
----------------------------------------------------------
Company Name: A J N Electronic Services Limited

Company Registration Number: 03368686

Address of Registered Office: 28 Wilton Road, Bexhill on Sea,
East Sussex, TN40 1EZ

Court: Bristol District Registry

Date of Filing Petition: 13 May 2005

No. of Matter: 2161 of 2005

Date of Winding-up Order: 13 July 2005

Official Receiver's Address: 69 Middle Street, Brighton, East
Sussex, BN1 1BE


ALL ISLANDS: Court Accepts Winding-up Petition
----------------------------------------------
Company Name: All Islands Limited

Company Registration Number: 03152487

Address of Registered Office: 2 Clarence Road, Wolverhampton, WV1
4JH

Court: High Court of Justice

Date of Filing Petition: 1 June 2005

No. of Matter: 003573 of 2005

Date of Winding-up Order: 13 July 2005

Official Receiver: 3rd Floor East, Ladywood House, 45/6
Stephenson Street, Birmingham, B2 4UP


AUTOMOTIVE RECYCLING: To Start Liquidation
------------------------------------------
Company Name: Automotive Recycling (Leeds) Limited

Company Registration Number: 04181302

Address of Registered Office: Maclaren House, Skerne Road,
Driffield, YO25 6PN

Court: Bristol District Registry

Date of Filing Petition: 18 May 2005

No. of Matter: 2175 of 2005

Date of Winding-up Order: 13 July 2005

Official Receiver: Suite J, Anchor House, The Maltings, Silvester
Street, Hull, HU1 3HA


BARRETT CERNIS: Court Approves Liquidation
------------------------------------------
Company Name: Barrett Cernis Limited

Company Registration Number: 03558521

Address of Registered Office: 76 New Cavendish Street, London,
W1G 9TB

Court: High Court of Justice

Date of Filing Petition: 27 May 2005

No. of Matter: 003496 of 2005

Date of Winding-up Order: 13 July 2005

Official Receiver's Address: 21 Bloomsbury Street, London, WC1B
3SS


BB LEISURE: Bristol Court Orders Liquidation
--------------------------------------------
Company Name: BB Leisure Limited

Company Registration Number: 04650084

Address of Registered Office: 25-29 Sandy Way, Yeadon, Leeds,
West Yorkshire, LS19 7EW

Court: Bristol District Registry

Date of Filing Petition: 12 May 2005

No. of Matter; 2139 of 2005

Date of Winding-up Order: 13 July 2005

Official Receiver's Address: 3rd Floor, 1 City Walk, Leeds, LS11
9DA


BERRY PILING: Creditors Meeting Set Today
-----------------------------------------
The creditors of Berry Piling Limited (Company No 03085133) will
meet on July 27, 2005 at 2:00 p.m.  It will be held at The
Grange, 100 High Street, London N14 6TG.  Creditors who want to
be represented at the meeting may appoint proxies.

CONTACT:  BERRY PILING LIMITED
          Heath Business Centre,
          18 Bonehurst Road,
          Redhill, Surrey RH1 5EN
          Phone: 02086648994

          BOND PARTNERS LLP
          The Grange
          100 High Street
          London N14 6TG
          Phone: 020 8444 2000
          Fax: 020 8444 3400
          E-mail: tp@bondpartners.co.uk


BROADHURST ENGINEERING: Barclays Bank Appoints Receiver
-------------------------------------------------------
Name of company: Broadhurst Engineering (UK) Limited
                 (Reg No 00902526)

Nature of Businesses: Management of Network Services for
Telecommunications Companies and Manufacture of Basic Iron and
Steel

Address of Registered Office: Grant Thornton UK LLP, Heron House,
Albert Square, Manchester M60 8GT

Date of Appointment of Joint Administrative Receivers: July 14,
2005

Name of Person Appointing the Joint Administrative Receivers:
Barclays Bank Plc

Joint Administrative Receivers: Leslie Ross and Keith Hind (IP
Nos 7244 and 6745), both of Grant Thornton UK LLP, Heron House,
Albert Square, Manchester M60 8GT

                            *   *   *

For over 100 years, Broadhurst Engineering is one of the longest
established steel fabrication and erection services on metalwork
in U.K.  Visit http://www.broadhurst-eng.co.uk/for more
information.

CONTACT:  BROADHURST ENGINEERING (UK) LIMITED
          Unit 6 Woodstock Business Park
          Meek Street off Higginshaw Lane
          Royton, Oldham OL2 6HP
          United Kingdom
          Phone:  +44 (0) 161 628 6888
          Fax: +44 (0) 161 628 6999
          E-mail: info@broadhurst-eng.co.uk

          GRANT THORNTON
          Heron House, Albert Square
          Manchester M60 8GT
          Phone: 0161 834 5414
          Fax: 0161 832 6042
          Web site: http://www.grant-thornton.co.uk


BRUERNE'S LOCK: Falls into Liquidation
--------------------------------------
Company Name: Bruerne's Lock Ltd.

Company Registration Number: 04499343

Address of Registered Office: Woodpeckers, Bakers Lane, Stoke
Bruerne, Towcester, Northants, NN12 7SF

Court: Bristol District Registry

Date of Filing Petition: 19 May 2005

No. of Matter: 2201 of 2005

Date of Winding-up Order: 13 July 2005

Official Receiver's Address: -Sol House, 29 St Katherines Street,
Northampton, NN1 2QZ


CALL ARCHITECTURAL: Bristol Court Approves Liquidation
------------------------------------------------------
Company Name: Call Architectural Paving Systems Limited

Company Registration Number: 04376887

Address of Registered Office: Gild House, 70-74 Norwich Avenue
West, Bournemouth, Dorset, BA2 6AW

Court: Bristol District Registry

Date of Filing Petition: 11 May 2005

No. of Matter: 2121 of 2005

Date of Winding-up Order: 13 July 2005

Official Receiver's Address: 1st Floor, Heliting House, 35
Richmond Hill, Bournemouth, BH2 6HT


COLLINS & AIKMAN: 500 Midland Workers Face Job Threats
------------------------------------------------------
Some 500 car industry workers in the Midlands could lose their
jobs as Collins & Aikman's entire European business fell into
administration, says The Birmingham Post.

The American company, which struggled amid intense competition
and price reductions from international rivals, has four plants
in the region.  The biggest is at Elmdon Trading Estate, in
Solihull, with 200 employees.

It has 120 workers at Coleshill, 90 at Stourport-on-Severn, and
80 at Redditch.  Their jobs are now at risk after U.K.-based
administrators were called in on July 15.  This came as a
bankruptcy protection order was placed on the parent company in
the U.S.

The entire European division is now being managed by joint
administrators from restructuring expert Kroll.  Redundancies
have not been carried out yet in the Midlands as trading
continues while administrators are looking at several options.

The group said: "On a global basis, Collins & Aikman has
experienced difficulties as a result of a very competitive
automotive market and faces ever-increasing price pressures, as
well as increases in the costs of materials and capital
expenditure."

One of the administrators, Simon Appell, added: "Administration
is a rescue-orientated procedure and will provide the best
framework for consideration of all the options for the
businesses.

"We will aim to minimize disruption and protect the inherent
value in the business for the benefit of creditors and
stakeholders."

The U.K. companies in Administration and the named Kroll Joint
Administrators are:

(a) Collins & Aikman Holdings Ltd. - Simon Appell, Alastair
    Beveridge, Gary Squires;

(b) Collins & Aikman Automotive Ltd. - Simon Appell, Alastair
    Beveridge, Gary Squires;

(c) Collins & Aikman Automotive Fabrics Ltd. - Simon Appell,
    Alastair Beveridge, Anne O'Keefe;

(d) Collins & Aikman Automotive Trim Ltd. - Simon Appell,
    Alastair Beveridge, Andrew Pepper;

(e) AS Collins & Aikman UK Ltd. - Simon Appell, Alastair
    Beveridge, Andrew Pepper; and

(f) Collins & Aikman Automotive UK Ltd. - Simon Appell, Alastair
    Beveridge, Andrew Pepper.
The rest of the European units in administration and the named
Kroll Joint Administrators are:

(a) [Spain] Collins & Aikman Automotive Systems SL - Simon
    Appell, Alastair Beveridge, Gary Squires;

(b) [Austria] Collins & Aikman Products GmbH - Simon Appell,
    Alastair Beveridge, Gary Squires;

(c) [Sweden] Collins & Aikman Holding AB - Simon Appell,
    Alastair Beveridge, Gary Squires; and Collins & Aikman
    Automotive Systems AB - Simon Appell, Alastair Beveridge,
    Gary Squires;

(d) [Germany] Collins & Aikman Automotive Holding GmbH - Simon
    Appell, Alastair Beveridge, Gary Squires; Collins & Aikman
    Automotive Systems GmbH - Simon Appell, Alastair Beveridge,
    Gary Squires; Collins & Aikman Automotive Trim GmbH - Simon
    Appell, Alastair Beveridge, Gary Squires; and Dura
    Convertible Systems GmbH - Simon Appell, Alastair Beveridge,
    Gary Squires;

(e) [Belgium] Collins & Aikman Automotive Trim B.V.B.A . - Simon
    Appell, Alastair Beveridge, Gary Squires;

(f) [Italy] Collins & Aikman Automotive Systems (Italy) S.r.l. -
    Simon Appell, Alastair Beveridge, Gary Squires; Collins &
    Aikman Automotive Holdings (Italy) S.r.l. - Simon Appell,
    Alastair Beveridge, Gary Squires; and Collins & Aikman
    Automotive Company Italia S.r.l. - Simon Appell, Alastair
    Beveridge, Gary Squires;

(g) [Netherlands] Collins & Aikman Holdings B.V. - Simon Appell,
    Alastair Beveridge, Gary Squires; Collins & Aikman
    Automotive Trim B.V. - Simon Appell, Alastair Beveridge,
    Gary Squires; Collins & Aikman Europe B.V. - Simon Appell,
    Alastair Beveridge, Gary Squires; and Collins & Aikman
    Automotive Floormats Europe B.V. - Simon Appell, Alastair
    Beveridge, Gary Squires;

(h) [Czech Republic] Collins & Aikman Automotive s.r.o - Simon
    Appell, Alastair Beveridge, Gary Squires; and

(i) [Luxembourg] Collins & Aikman Europe S.A. - Simon Appell,
    Alastair Beveridge, Gary Squires, Phillip Sykes.

CONTACT:  COLLINS & AIKMAN EUROPE
          Web site: http://www.collinsaikmaneurope.com

          Financial Dynamics
          Phone: +44 (0)20 7269 7167
          Lucy Thom
          Phone: +44 (0)7712 174690
          Nigel O'Connor
          Phone: +44 (0)7968 095770
          E-mail: collinsandaikman@fd.com

          KROLL EUROPE, MIDDLE EAST & AFRICA
          10 Fleet Place
          London EC4M 7RB
          United Kingdom
          Phone: 44 (0) 207 029 5000
          Fax: 44 (0) 207 029 5001
          Web site: http://www.krollworldwide.com


COMBINED CONTRACTORS: Court Accepts Winding-up Petition
-------------------------------------------------------
Company Name: Combined Contractors Limited

Company Registration Number: 03923489

Address of Registered Office: 65 Bulwark Road, Shoeburyness,
Southend on Sea, Essex, SS3 9RS

Court: Bristol District Registry

Date of Filing Petition: 29 April 2005

No. of Matter: 2030 of 2005

Date of Winding-up Order: 6 July 2005

Official Receiver's Address: 4th Floor, Central House, 8
Clifftown Road, Southend-on-Sea, Essex, SS1 1AB


COMPASS GROUP: To Merge Three Divisions as U.K. CEO Retires
-----------------------------------------------------------
Compass Group plc has said that Don Davenport, Chief Executive
Officer of its U.K. & Ireland division is to retire at the end of
the Group's financial year on 30 September 2005.

The succession plan for the U.K. has been in place for some time
and Peter Harris, currently CEO of the Group's ESS Support
Services, Middle East and Africa division, will succeed Mr.
Davenport.

The formal transition will now commence to create a merged U.K.,
Middle East and Africa division.  Mr. Davenport will be working
closely with Mr. Harris until the end of the financial year to
ensure an orderly integration of the two operations.

Michael J Bailey, Chief Executive, said: "On behalf of everyone
at Compass, I would like to personally thank Don for his
leadership of our U.K. business since the merger with Granada in
2000 and for everything he has done and continues to do to
champion our industry.  I wish him all the very best for the
future and congratulate Peter on his new role."

Don Davenport, aged 62, has spent his entire working life in the
contract catering and hospitality industry.  He started out as a
chef with Trust Houses before going onto management positions
within Trust Houses and Gardener Merchant, before joining
Sutcliffe Catering where he was Managing Director of Sutcliffe
South and then Group Managing Director.

Following the acquisition of Sutcliffe by Granada, he went on to
become CEO of Granada's Restaurants Division.  He is a Fellow of
the HCIMA, chairman of Hospitality Action, the industry's
benevolent charity, and chairman of People First, the Sector
Skills Council for the hospitality, leisure and tourism
industries.

Peter Harris, aged 48, joined Compass Group in 1993 as a senior
executive in the U.K. division and became a U.K. divisional
director in 1995.  He was appointed CEO of ESS Support Services
Worldwide in 1997.  He was appointed to Compass Group's Executive
Board in 2003 and took on responsibility for Middle East and
Africa operations in 2004.

                            *   *   *

In May, Mr. Bailey said: "I am not happy with our recent
performance.  We need to respond more rapidly than we have to
the changes taking place in our market."

Half-year turnover was GBP6,191 million (2004: GBP5,844 million)
with like for like growth of 6%, in line with expectations.
However, net debt at 31 March 2005 rose to GBP2,494 million (30
September 2004: GBP2,373 million), while profit before taxation
and goodwill amortization decreased by 8% from GBP283 million to
GBP260 million.

CONTACT:  COMPASS GROUP PLC
          Compass House
          Guildford Street
          Chertsey
          Surrey
          United Kingdom
          KT16 9BQ
          Phone: +44 1932 573 000
          Fax: +44 1932 569 956
          Web site: http://www.compass-group.com


DRINKFAST LIMITED: Names Ernst & Young Liquidator
-------------------------------------------------
At an Extraordinary General Meeting of Drinkfast Limited, duly
convened, and held at 222 Gray's Inn Road, London WC1X 8XF, on 8
July 2005, the following Special Resolution was duly passed:

"That the Company be wound up voluntarily, that Patrick Joseph
Brazzill and Elizabeth Anne Bingham, of Ernst & Young LLP, 1 More
London Place, London SE1 2AF, be and are hereby appointed Joint
Liquidators for the purposes of such winding-up, that any power
conferred on them by law or by this Resolution may be exercised,
and any act required or authorized under any enactment to be done
by them may be done by them jointly or by each alone."

M Wilson, Chairman

CONTACT:  ERNST & YOUNG LLP
          1 More London Place
          London SE1 2AF
          Phone: +44 [0] 20 7951 2000
          Fax:   +44 [0] 20 7951 1345
          Web site: http://www.ey.com


EBO CZECH: EGM Passes Winding-up Resolutions
--------------------------------------------
At an Extraordinary General Meeting of EBO Czech Investment
Limited, duly convened, and held at E.ON Ceska republika, a.s.,
Pobrezni 3, 18600 Prague, Czech Republik, on Friday 1 July 2005,
at 12:30 p.m., the following Resolutions were passed as a Special
Resolution, as an Ordinary Resolution and as an Extraordinary
Resolution respectively:

"That the Company be wound up voluntarily, that Freddy
Khalastchi, of Harris Lipman, 2 Mountview Court, 310 Friern
Barnet Lane, Whetstone, London N20 0YZ, be appointed Liquidator
for the purpose of such winding-up, and that in accordance with
the provisions of the Company's articles of association, the
Liquidator be authorized to divide among the Members in specie
all or any part of the Company's assets."

R Held, Chairman

CONTACT:  HARRIS LIPMAN
          2 Mountview Court,
          310 Friern Barnet Lane,
          Whetstone, London N20 0YZ
          Phone: (020) 8446 9000
          Fax:   (020) 8446 9537
          Web site: http://www.harris-lipman.co.uk


ELSON AUTOMATION: Hires Administrators from PwC
-----------------------------------------------
Name of company: ELSON AUTOMATION LIMITED
                 (Company No 2393308)

Nature of Business: Holding Company

Address of Registered Office: Elson House, Angelsey Road,
Burton-on-Trent, Staffordshire

Date of Appointment: July 12, 2005

Joint Administrators' Names and Address: Robert Jonathan Hunt and
David Matthew Hammond (IP Nos 1139 and 9355), both of
PricewaterhouseCoopers LLP, Cornwall Court, 19 Cornwall Street,
Birmingham B3 2DT.

CONTACT:  ELSON AUTOMATION LIMITED
          1 Anglesey Road, Crown Industrial Estate,
          Burton upon Trent, Staffs DE14 3NX,UK
          Phone: 01283 500001
          Fax: 01283 517178
          E-mail: automation@elson.co.uk

          PRICEWATERHOUSECOOPERS LLP
          Cornwall Court, 19 Cornwall Street,
          Birmingham B3 2DT
          Phone: [44] (121) 200 3000
          Fax:   [44] (121) 200 2464
          Web site: http://www.pwc.com


FINNFOREST PROPERTIES: Calls in Liquidators from Numerica
---------------------------------------------------------
At an Extraordinary General Meeting of Finnforest Properties
(Widnes) Limited, duly convened, and held at Harrow on the Hill,
on 27 June 2005, at 12:00 noon, the following Resolutions were
duly passed as a Special Resolution, as an Ordinary Resolution,
as an Extraordinary Resolution and as Ordinary Resolutions
respectively:

"That the Company be wound up voluntarily, that Nicholas Hugh O'
Reilly and Sarah Megan Rayment, both of Numerica, PO Box 2653, 66
Wigmore Street, London W1A 3RT, be and are hereby appointed Joint
Liquidators for the purpose of the voluntary winding-up, that the
Joint Liquidators be and are hereby authorized to distribute
amongst the Shareholders in specie the whole or any part of the
assets of the Company, that anything required or authorized to be
done by the Joint Liquidators be and is hereby authorized to be
done by both or either of them, that the Company's books and
records be and are hereby authorized to be destroyed 12 months
after the dissolution of the Company, and that the Joint
Liquidators' remuneration for dealing with matters arising in the
liquidation should be calculated by reference to the time costs
properly incurred by the Joint Liquidators and their staff and
authority is hereby given for the Joint Liquidators to draw their
remuneration on this basis."

Chairman

                            *   *   *

Finnforest sells engineered wood.

CONTACT:  NUMERICA
          PO Box 2653, 66 Wigmore Street,
          London W1A 3RT
          Phone: 020 7467 4000
          Fax:   020 7284 4995
          Web site: http://www.numerica.biz


G & J GARAGE: Administrator from Hazlewoods Moves in
----------------------------------------------------
Name of company: G & J GARAGE SERVICES LIMITED
                 (Company No 04569390)

Nature of Business: Maintenance and Repair of Motor Vehicle

Address of Registered Office: Windsor House, Barnett Way,
Barnwood, Gloucester GL4 3RT

Date of Appointment: July 8, 2005

Administrator's Name and Address: Philip John Gorman (IP No
008069), Hazlewoods LLP, Windsor House, Barnett Way, Barnwood,
Gloucester GL4 3RT

                            *   *   *

Visit http://www.gandjgarageservices.co.uk/for more information.

CONTACT:  G & J GARAGE SERVICES LTD.
          Newtown Rd, Cinderford, GL14 3JE
          Phone: 01594 822606

          HAZLEWOODS
          Windsor House, Barnett Way,
          Barnwood, Gloucester GL4 3RT
          Phone: +44 (0) 1452 634800
          Fax:  +44 (0) 1452 371900
          Web site: http://www.hazlewoods.co.uk


HEBLERB LIMITED: Appoints PricewaterhouseCoopers Liquidator
-----------------------------------------------------------
At the Extraordinary General Meeting of Heblerb Limited held on
14 July 2005, the following Resolutions were passed as a Special
Resolution and as an Ordinary Resolution respectively:

"That the Companies be wound up voluntarily, that Jonathan Sisson
and Ian Oakley Smith, of PricewaterhouseCoopers LLP, Plumtree
Court, London EC4A 4HT, be and are hereby appointed Joint
Liquidators of the Companies for the purposes of such
windings-up, and any act required or authorized under any
enactment to be done by the Joint Liquidators is to be done by
all or any one or more of the persons for the time being holding
office."

R Davies, Chairman

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


I.D.S INTERNATIONAL: Meeting of Creditors Set Next Week
-------------------------------------------------------
The creditors of I.D.S International Limited (Company No
04136920) will meet in Aug. 2, 2005 at 10:30 a.m.  It will be
held at Thistle Hotel (Poole), The Quay, Poole, Dorset BH15 1HD.

Creditors who want to be represented at the meeting may appoint
proxies.  Proxy forms must be submitted together with written
debt claims to J. S. French and G. Mummery of Vantis Redhead
French, 43-45 Butts Green Road, Hornchurch, Essex RM11 2JX not
later than Aug. 1, 2005 at 12:00 noon.

CONTACT:  VANTIS REDHEAD FRENCH LIMITED
          43-45 Butts Green Road,
          Hornchurch, Essex RM11 2JX
          Phone: 01708 458211
          Fax: 01708 442308
          E-mail: jeremy.french@vantisredheadfrench.co.uk


INSTANT SUPPLIES: In Voluntary Winding-up
-----------------------------------------
At an Extraordinary General Meeting of the Members of Instant
Supplies Limited, duly convened, and held at Avco House, 6 Albert
Road, Barnet, Hertfordshire EN4 9SH, on 4 July 2005, the
following Resolutions were duly passed as a Special Resolution,
as an Ordinary Resolution and as an Extraordinary Resolution
respectively:

"That the Company be wound up voluntarily, that John Kelmanson be
and is hereby appointed Liquidator for the purposes of such
winding-up, and that the Liquidator be and he is hereby
authorized to divide among the Members in specie all or any part
of the assets of the Company if applicable."

G Norcliffe, Director

CONTACT:  THE KELMANSON PARTNERSHIP
          Avco House
          6 Albert Road
          Barnet
          Hertfordshire EN4 9SH
          Phone: 020 8441 2000
          Fax: 020 8441 3000
          E-mail: ep@kelpart.co.uk
                  tkp@kelpart.co.uk


INSURANCE COMPANY: Appoints Ernst & Young Liquidator
----------------------------------------------------
At an Extraordinary General Meeting of Insurance Company (UK)
Limited, duly convened, and held at 1 More London Place, London
SE1 2AF, on 13 July 2005, the following Special Resolutions were
duly passed:

"That the Company be wound up voluntarily, that Elizabeth Bingham
and Patrick Joseph Brazzill, of Ernst & Young LLP, 1 More London
Place, London SE1 2AF, be and they are hereby appointed Joint
Liquidators for the purposes of such winding-up, that any power
conferred on them by law or by this Resolution may be exercised,
and any act required or authorized under any enactment to be done
by them may be done by them jointly or by each alone and that the
articles of association be and are hereby altered in accordance
with section 9 of the Companies Act 1985 to include the
provisions of Regulation 117 of Table 1 of the Companies (Tables
A-F) Regulations 1985."

M B Thomas, Chairman

CONTACT:  ERNST & YOUNG LLP
          1 More London Place
          London SE1 2AF
          Phone: +44 [0] 20 7951 2000
          Fax:   +44 [0] 20 7951 1345
          Web site: http://www.ey.com


KENT & CO.: Bed Manufacturer Calls in Administrator
---------------------------------------------------
Name of company: KENT & CO. (SMITH) LIMITED
                 (Company No 00162958)

Nature of Business: Bed Manufacturer

Address of Registered Office: Oakes Green, Sheffield S9 3WU

Date of Appointment: July 11, 2005

Joint Administrators' Names and Address: William Duncan and Ian
C. Schofield (IP Nos 006440 and 002647), both of Knowle House, 4
Norfolk Park Road, Sheffield S2 3QE

CONTACT:  KENT & CO (SMITH) LTD.
          Oakes Green
          Sheffield
          South Yorkshire, S9 3WU
          Phone: +44 (0) 114 244 4848
          Fax: +44 (0) 114-261 1361

          PKF
          Knowle House
          4 Norfolk Park Road
          Sheffield
          South Yorkshire S2 3QE
          Phone: 0114 276 7991
          Fax: 0114 275 3538


KING'S LYNN: Liquidators from Numerica Move in
----------------------------------------------
At an Extraordinary General Meeting of King's Lynn Wood
Preservation Ltd., duly convened, and held at Gilbury, on 27 June
2005, at 5:00 p.m., the following Resolutions were duly passed as
a Special Resolution, as an Ordinary Resolution, as an
Extraordinary Resolution and as Ordinary Resolutions
respectively:

"That the Company be wound up voluntarily, that Nick O'Reilly and
Sarah Rayment, both of Numerica LLP, be and are hereby appointed
Joint Liquidators for the purpose of the voluntary winding-up,
that the Joint Liquidators be and are hereby authorized to
distribute amongst the Shareholders in specie the whole or any
part of the assets of the Company, that anything required or
authorized to be done by the Joint Liquidators be and is hereby
authorized to be done by both or either of them, that the Company
's books and records be and are hereby authorized to be destroyed
6 years after the dissolution of the Company, and that the Joint
Liquidators' remuneration for dealing with matters arising in the
liquidation should be calculated by reference to the time costs
properly incurred by the Joint Liquidators and their staff and
authority is hereby given for the Joint Liquidators to draw their
remuneration on this basis."

Chairman

CONTACT:  NUMERICA
          Stoughton House
          Harborough Road
          Oadby
          Leicestershire LE2 4LP
          Phone: 0116 272 8200
          Fax: 0116 271 5472
          E-mail: bob.bailey@numerica.biz


LA PRENSA: Restaurant Liquidates
--------------------------------
At an Extraordinary General Meeting of the Members of La Prensa
Limited, duly convened, and held at Russell House, Russell
Street, Swansea, on 7 June 2005, the following Special Resolution
was duly passed on 13 July 2005:

"That the Company be wound up voluntarily, and that Alun Evans,
of Bevan & Buckland, 45 High Street, Haverfordwest, be and he is
hereby appointed Liquidator for the purpose of such winding-up."

Director

CONTACT: BEVAN AND BUCKLAND
         45 High Street
         Haverfordwest
         Pembrokeshire SA61 2BP
         Phone: 01437 760666
         Fax: 01437 760078
         E-mail: alun@bevanbuckland.co.uk


LONDON BRONCOS: Owner Wants Partnership with Quins, Not Merger
--------------------------------------------------------------
David Hughes, co-owner of London Broncos, has denied talks of
possible takeover by rugby union club Harlequins, though he
admits the clubs are in talks over a cross-code partnership.

Mr. Hughes shares ownership of London Broncos, which went into
liquidation with GBP3 million in debt this year, with Ian
Lenagan.  Mr. Lenagan was recently appointed as the club's new
chairman.  He plans to make rugby league popular in London, a
feat that Sir Richard Branson, former owner of London Broncos,
failed to achieve.

The partnership with Harlequins could make commercial and
economic sense for both clubs, according to a report from Europe
Intelligence Wire.  London Broncos plans to return next season to
The Stoop, the Quins' clubhouse.  Harlequins, which was relegated
from rugby Premiership, could well use income from hosting Super
League games, where Broncos is aiming to get a place at.

CONTACT:  LONDON BRONCOS
          Room GL11
          Brunel University
          Osterley Campus
          Borough Road
          Isleworth
          Middlesex
          TW7 5DU
          Phone: 0871 222 1132
          Fax: 0870 220 3895
          Web site: http://www.londonbroncos.co.uk/


MACKENZIE'S BAR: Collapse Raises Doubts on Owner's Past Failures
----------------------------------------------------------------
A third company run by clubland entrepreneur and former Ronnie
Scott's director Barry Sherwin has gone into administration,
prompting calls for the government to investigate.

Mackenzie's Bar & Dining Room, Birmingham's first 'gastro bar'
went into administration last week after what directors said was
'an error of judgment.'  In a statement, Mr. Sherwin and fellow
company director Iain Ross-Mackenzie said the Corporation Street
venue had crashed despite a 'great first year'.

Sunday Mercury reports that Mackenzie's owes around GBP200,000 to
30 creditors, including landlords, breweries, catering firms and
Customs & Excise.  A creditors meeting is expected within two
months.

Mr. Sherwin was also involved as director with the prestigious
Ronnie Scott's nightclub in Broad Street.  The bar went bust in
2001 owing GBP1.6 million to creditors, including GBP320,00 to
the Birmingham City Council.   Mr. Sherwin was also director of
Iceford Catering, which collapsed in 1996 after posting a loss of
GBP465,000.  The failure of Mackenzie brings the debt run up by
his businesses to around GBP2 million.

Mr. Sherwin could not be reached for comment, according to the
report.

CONTACT:  MACKENZIE'S BAR & DINING ROOM
          The Citadel, 190 Corporation Street
          Birmingham B4 6QD
          Phone: 0121 236 4009
          Fax: 0121 236 5802


MEDLOCK COMMUNICATIONS: Multinational Company Calls in Receivers
----------------------------------------------------------------
Name of company: MEDLOCK COMMUNICATIONS LIMITED
                 (Reg No 03114715)

Nature of Businesses: Management of Network Services for
Telecommunications Companies and Manufacture of Basic Iron and
Steel

Address of Registered Office: Grant Thornton UK LLP, Heron House,
Albert Square, Manchester M60 8GT

Date of Appointment of Joint Administrative Receivers: July 14,
2005

Name of Person Appointing the Joint Administrative Receivers:
Barclays Bank Plc

Joint Administrative Receivers: Leslie Ross and Keith Hind (IP
Nos 7244 and 6745), both of Grant Thornton UK LLP, Heron House,
Albert Square, Manchester M60 8GT.

                            *   *   *

Medlock Communications Limited is an international and
multinational private company.  It has approximately 231
employees with revenue amounting to US$97.4 million.  It is the
largest provider of infrastructure construction services to the
mobile telecommunications industry in the U.K. for 30 years.  Its
customers include O2, Orange, Vodafone, T-Mobile, 3, O2 Airwave,
Bechtel and the British Council.  Visit
http://www.medlockgroup.comfor more information.

CONTACT:  MEDLOCK COMMUNICATIONS LIMITED
          Unit 5
          Gateway Business Park
          Beancross Road
          Grangemouth FK3 8WX
          United Kingdom
          Phone:  +44 (0) 1324 492300
          Fax: +44 (0) 1324 492 301
          E-mail: info.medcom@medlockgroup.com

          GRANT THORNTON
          Heron House, Albert Square
          MANCHESTER M60 8GT
          Phone: 0161 834 5414
          Fax: 0161 832 6042
          Web site: http://www.grant-thornton.co.uk


MEDLOCK LIMITED: Barclays Bank Appoints Grant Thornton Receiver
---------------------------------------------------------------
Name of company: Medlock Limited
                 (Reg No 01452714)

Nature of Businesses: Management of Network Services for
Telecommunications Companies and Manufacture of Basic Iron and
Steel

Address of Registered Office: Grant Thornton UK LLP, Heron House,
Albert Square, Manchester M60 8GT

Date of Appointment of Joint Administrative Receivers: July 14,
2005

Name of Person Appointing the Joint Administrative Receivers:
Barclays Bank Plc

Joint Administrative Receivers: Leslie Ross and Keith Hind (IP
Nos 7244 and 6745), both of Grant Thornton UK LLP, Heron House,
Albert Square, Manchester M60 8GT

CONTACT:  GRANT THORNTON
          Heron House, Albert Square
          Manchester M60 8GT
          Phone: 0161 834 5414
          Fax: 0161 832 6042
          Web site: http://www.grant-thornton.co.uk


MG ROVER: Rare Clash Looms as SAIC Eyes Legal Action
----------------------------------------------------
Losing bidder Shanghai Automotive Industry Corporation was
reportedly disappointed over the turnout of the sale talks for MG
Rover.  The firm is planning to take up legal action, among other
options.

According to Reuters, this could set up a rare legal battle
between China's biggest car manufacturer SAIC and China's oldest
automaker Nanjing Automobile (Group) Corporation, which has
bought Rover for about GBP50 million.  Both of the Chinese firms
are state-owned.

A spokesman for SAIC said: "SAIC has put in a superior offer,
with better prospects for employment and U.K. car production, and
it has been denied the ability to have its final offer
considered."

In April, SAIC walked away from talks with the Government about
a rescue package for MG Rover, sending the latter into
administration.  It also recently abandoned a possible joint
proposal with Mr. James that would have saved 500 jobs.

It instead launched a joint bid with a consortium led by former
Ford Europe boss Martin Leach for MG Rover's assets.  However, MG
Rover administrator PricewaterhouseCoopers was reportedly
unimpressed with its GBP60 million bid.

Richard Cort, chairman of the Rover dealers' association, said:
"I don't know what the actual offer was but I understand that
they (PwC) were very disappointed by both the quantum and the
style of the Shanghai bid."

Industry sources have disclosed that SAIC's bid had too many
demands and was very complicated.

"The lack of clarity is that neither offer has been published by
the administrator, so that nobody is able to see," clarified the
spokesman.

SAIC already owns the rights to produce the Rover 25 small car
and Rover 75 saloon.

CONTACT:  MG ROVER GROUP LIMITED
          Longbridge, Bickenhill
          Birmingham
          B31 2TB, United Kingdom
          Phone: +44-121-475-2101
          Fax: +44-121-482-2403
          Web site: http://www1.mg-rover.com


MG ROVER: Unions to Negotiate with Nanjing
------------------------------------------
Labor unions are reportedly seeking immediate talks with MG
Rover's new owner for the creation and revival of jobs,
particularly at the carmaker's Longbridge site.

Nanjing Automobile (Group) Corporation, which has bought the
collapsed manufacturer for around GBP50 million, is mulling to
create a design, engineering and manufacturing site in the United
Kingdom.

Tony Woodley, general secretary of the Transport & General
Workers Union, is said to be urging Nanjing to work with losing
bidder Shanghai Automotive Industry Corporation (SAIC) in
restarting the Longbridge operations.

This came as car industry experts fear that only a few hundred
jobs may be saved by the Chinese firm.  They said "it could be
months before any former Longbridge worker is back in work - if
it happens at all," according to Sunday Mercury.

In a statement, Nanjing said it planned "consolidating the
Longbridge site" as it worked to build a "viable automotive
business in China and the U.K."

However, Prof. Garel Rhys, of Cardiff University Business School,
is doubtful of seeing some 2,000 former workers return to work at
Longbridge.

He said: "That figure is much, much too optimistic."

David Bailey, of Birmingham Business school, shared the same
sentiment, saying "Nanjing has said it plans to 'consolidate' the
Longbridge site, but that does not necessarily mean the return of
production there. It could be anywhere."

According to the Daily Post, Mr. Woodley said PwC should have
given SAIC's bid a thorough consideration, noting that a
"fantastic opportunity" could have been missed.

He said: "There is an opportunity now which will create jobs but
the administrators, as well as they have done their job, should
have been a little bit more patient."

Nanjing is said to be proceeding with its plans for MG Rover,
including the production of MG sports cars in the U.K.  A
representative from the firm is positive that the project would
progress without violating the intellectual property rights that
are owned by SAIC.

CONTACT:  MG ROVER GROUP LIMITED
          Longbridge, Bickenhill
          Birmingham
          B31 2TB, United Kingdom
          Phone: +44-121-475-2101
          Fax: +44-121-482-2403
          Web site: http://www1.mg-rover.com


MKM FOAM: Appoints Administrator from Till Morris Partnership
-------------------------------------------------------------
Name of company: MKM FOAM AND FIBRE PRODUCTS LIMITED
                 (Company No 03528350)

Nature of Business: Foam Cutters

Trade Classification: 3611-Manufacture of Chairs and Seats

Date of Appointment: July 11, 2005

Administrator's Name and Address: Duncan Roderick Morris (IP No
8693), The Till Morris Partnership, 32 Brook Street, Warwick CV34
4BL.

CONTACT:  MKM FOAM AND FIBRE PRODUCTS LTD.
          Park Lane Industrial Estate, Park Lane
          Handsworth
          Birmingham B21 8LE
          West Midlands
          Phone: 0121 500 5455
          Fax: 0121 500 4040

          THE TILL MORRIS PARTNERSHIP
          32 Brook Street
          Warwick
          Warwickshire CV34 4BL
          Phone: 01926 497 722
          Fax: 01926 497 733
          E-mail: duncan.morris@tillmorris.co.uk


M P BROOKES: Creditors Meeting Set Today
----------------------------------------
The creditors of M P Brookes & Sons Limited (Company Number
03196909) will meet on July 27, 2005 at 11:00 a.m.  It will be
held at Holiday Inn, London Road, Ipswich.  Creditors who want to
be represented at the meeting may appoint proxies.

CONTACT:  BOND PARTNERS LLP
          The Grange
          100 High Street
          London N14 6TG
          Phone: 020 8444 2000
          Fax: 020 8444 3400
          E-mail: tp@bondpartners.co.uk


MURMAR PHIPPS: Administrators from Tenon Recovery Move in
---------------------------------------------------------
Name of company: MURMAR PHIPPS LIMITED
                 (Company No 03130392)

Nature of Business: Wholesale Textiles

Address of Registered Office: Charnwood House, Gregory Boulevard,
Nottingham NG7 6NX

Date of Appointment: July 13, 2005

Administrators' Names and Addresses: Dilip K. Dattani (IP No
7915), Tenon Recovery, Charnwood House, Gregory Boulevard,
Nottingham NG7 6NX and Simon Thomas (IP No 1289), Tenon Recovery,
Sherlock House, 73 Baker Street, London W1U 6RD.

                            *   *   *

Visit http://www.murmar-phipps.co.ukfor more information.

CONTACT:  MURMAR PHIPPS LTD.
          PO Box No 1
          Riverside Way
          Bedford Road
          Northampton
          Northamptonshire NN1 5NH
          Phone: 01604-621200
          E-mail: j.blundred@murmar-phipps.co.uk

          TENON RECOVERY
          Charnwood House,
          Gregory Boulevard,
          Nottingham NG7 6NX
          Phone: 0115 955 2000
          Fax: 0115 918 4500
          Web site: http://www.tenongroup.com

          TENON RECOVERY
          Sherlock House
          73 Baker Street
          London W1U 6RD
          Phone: 020 7935 5566
          Fax: 020 7935 3512
          E-mail: bakerstreet@tenongroup.com
          Web site: http://www.tenongroup.com


NEW FULCRUM: Calls in Liquidator from PwC
-----------------------------------------
At the Extraordinary General Meeting of New Fulcrum Investment
Trust Plc held on 14 July 2005, the following Resolutions were
passed as a Special Resolution and as an Ordinary Resolution
respectively:

"That the Companies be wound up voluntarily, that Jonathan Sisson
and Ian Oakley Smith, of PricewaterhouseCoopers LLP, Plumtree
Court, London EC4A 4HT, be and are hereby appointed Joint
Liquidators of the Companies for the purposes of such
windings-up, and any act required or authorised under any
enactment to be done by the Joint Liquidators is to be done by
all or any one or more of the persons for the time being holding
office."

R Davies, Chairman

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


PATIENTLINE PLC: Downward Trend Could Bring in Loss of GBP4 Mln
---------------------------------------------------------------
At the time of our preliminary results in June, we indicated that
operational changes within the NHS (National Health Service) had
affected usage and revenue levels in the last quarter of the year
ended March 2005.

In the first two months of the current year, trading had
gradually recovered on the core group of mature Terminal 2s.
However, more recently this recovery has reversed, leaving
revenues per terminal per day on this group down about 5% in the
last few weeks compared with the equivalent period a year ago,
while more recently installed Terminal 2s have made slower
progress to mature revenue generation.

As a result of the variety of factors affecting revenues and the
increased volatility, particularly during the current holiday
period, it is unclear to what extent these trends are likely to
continue.  If revenue per terminal were to decline further during
the balance of the year, the adverse effect on EBITDA and the net
loss could be up to GBP4 million compared with market
expectations for the year to March 2006.

Forward Plans

Although confident of the outcome of the Ofcom investigation, the
board considers it prudent at least to defer commencement of new
installations at U.K. hospitals until the position has been
clarified.  This would delay the generation of EBITDA (by up to
GBP1 million), but would not have a significant effect at the
pre-tax level this year.  Action is also being taken to minimize
the potential adverse effects of the recent slow down in revenue
by reducing operating costs and accelerating programs to enhance
revenues through new products and service packages.

The Company will provide further information on other aspects of
its current activities at its Annual General Meeting on 29 July.

                            *   *   *

In June, Patientline reported it has narrowed yearly
operating loss to almost half.

The company posted operating loss of GBP4.6 million from
GBP8.2 million in the year to March 25.  It has not
made a profit since it was formed ten years ago, according to
The Scotsman.

Pre-tax loss increased slightly to GBP11.8 million principally
because of the one-off costs including those associated with the
new bank facility, implementation of a new operating structure,
and a Terminal design upgrade.  Excluding these costs the loss
would have been GBP9.4 million, the company said.

Revenue increased by 33% to GBP49.4 million year-on-year.
EBITDA was up 82% to GBP16.4 million.  Operating cash flow
increased 115% to GBP16.7 million.

CONTACT:  PATIENTLINE PLC
          Thames Valley Court
          183/187 Bath Road
          Slough
          Berkshire
          SL1 4AA
          Phone: 0845 414 6000
          Fax: 0845 414 6153
          Web site: http://www.patientline.co.uk/


PENFOLD BLOODSTOCK: Names BDO Stoy Hayward Administrator
--------------------------------------------------------
Name of company: PENFOLD BLOODSTOCK LIMITED
                 (Company No 04463175)

Nature of Business: Animal Husbandry Service Activities, except
Veterinary Activities

Trade Classification: 46

Date of Appointment: July 11, 2005

Joint Administrators' Names and Addresses: Dermot Brendan Coakley
(IP No 6824) of BDO Stoy Hayward LLP, Connaught House, Alexandra
Terrace, Guildford, Surrey GU1 3DA and Andrew Howard Beckingham
(IP No 8683) of BDO Stoy Hayward LLP, Park House, 102-108 Above
Bar, Southampton, Hampshire SO14 7NH

CONTACT:  BDO STOY HAYWARD LLP
          Connaught House, Alexandra Terrace,
          Guildford, Surrey GU1 3DA
          Phone: 01483 565666
          Fax:   01483 531306
          E-mail: guilford@bdo.co.uk
          Web site: http://www.bdo.co.uk

          BDO STOY HAYWARD LLP
          Park House, 102-108 Above Bar,
          Southampton, Hampshire SO14 7NH
          Phone: 023 8035 6000
          Fax: 023 8035 6111
          E-mail: southampton@bdo.co.uk
          Web site: http://www.bdo.co.uk


PLANESTATION GROUP: Stops Trading After Banks Withdrew Support
--------------------------------------------------------------
On 28 June 2005 the Company announced that the passenger numbers
of EUjet, the Group's low cost regional airline based at Kent
International Airport, would fall below planned levels during the
current year.  As a consequence the cash requirements of EUjet
would be greater than originally planned.  The directors
indicated that this shortfall in cash would be funded by asset
sales and at the same time announced that the Company had entered
into an exclusive agreement to dispose of 75% of its interest in
Kent International Business Park.

The Company's bankers were fully informed of the Group's position
and the need for ongoing support and an extension of facilities
whilst the disposal was completed.  Until now the directors had
no reason to believe that support from its bank would not be
forthcoming.  However, discussions with the Company's bank over
the last 48 hours have not been positive and the Company has been
informed [Monday] morning that the bank is no longer able to
support the Company with additional facilities.  The Company has
therefore requested a suspension of trading in its securities
pending clarification of its financial position.

A further announcement will be made in due course.

                            *   *   *

Headquartered in London, PlaneStation Group plc, formerly Wiggins
Group, operates airports in Europe and North America.  It
acquired a 30% stake in early 2004 in Irish low-fare carrier
EUJet, which operates flights between PlaneStation's airports,
and the rest of the company later that year.  In 2004, the
company had sales of US$22 million, and net income of US$31
million.  It has 258 employees.

CONTACT:  PLANESTATION GROUP PLC
          5 Berkeley Sq., Mayfair
          London
          W1J 5AB, United Kingdom
          Phone: +44-20-7495-8686
          Fax: +44-20-7493-0189
          Web site: http://www.planestation.com
          Contact:
          Richard Keith Bingham, CEO
          Martin May, COO


PLANT PROTECTION: Liquidators from Ernst & Young Move in
--------------------------------------------------------
At an Extraordinary General Meeting of Plant Protection Limited,
duly convened, and held at Syngenta European Regional Centre,
Priestley Road, Surrey Research Park, Guildford, Surrey GU2 7YH,
on 11 July 2005, the following Special Resolution was duly
passed:

"That the Companies be wound up voluntarily, that Patrick Joseph
Brazzill and Alan Lovett, of Ernst & Young LLP, 1 More London
Place, London SE1 2AF, be and they are hereby appointed Joint
Liquidators for the purposes of such windings-up, that any power
conferred on them by law or by this Resolution may be exercised,
and any act required or authorized under any enactment to be done
by them may be done by them jointly or by each alone."

A Johnson, Chairman

CONTACT:  ERNST & YOUNG LLP
          1 More London Place
          London SE1 2AF
          Phone: +44 [0] 20 7951 2000
          Fax:   +44 [0] 20 7951 1345
          Web site: http://www.ey.com


PLANT SCIENCE: Names Liquidators from Ernst & Young
---------------------------------------------------
At an Extraordinary General Meeting of Plant Science Limited,
duly convened, and held at Syngenta European Regional Centre,
Priestley Road, Surrey Research Park, Guildford, Surrey GU2 7YH,
on 11 July 2005, the following Special Resolution was duly
passed:

"That the Companies be wound up voluntarily, that Patrick Joseph
Brazzill and Alan Lovett, of Ernst & Young LLP, 1 More London
Place, London SE1 2AF, be and they are hereby appointed Joint
Liquidators for the purposes of such windings-up, that any power
conferred on them by law or by this Resolution may be exercised,
and any act required or authorized under any enactment to be done
by them may be done by them jointly or by each alone."

A Johnson, Chairman

CONTACT:  ERNST & YOUNG LLP
          1 More London Place
          London SE1 2AF
          Phone: +44 [0] 20 7951 2000
          Fax:   +44 [0] 20 7951 1345
          Web site: http://www.ey.com


PLATEBOX LIMITED: Liquidators from Ernst & Young Takes Charge
-------------------------------------------------------------
At an Extraordinary General Meeting of Platebox Limited, duly
convened, and held at 222 Gray's Inn Road, London WC1X 8XF, on 8
July 2005, the following Special Resolution was duly passed:

"That the Company be wound up voluntarily, that Patrick Joseph
Brazzill and Elizabeth Anne Bingham, of Ernst & Young LLP, 1 More
London Place, London SE1 2AF, be and are hereby appointed Joint
Liquidators for the purposes of such winding-up, that any power
conferred on them by law or by this Resolution may be exercised,
and any act required or authorised under any enactment to be done
by them may be done by them jointly or by each alone."

M Wilson, Chairman

CONTACT:  ERNST & YOUNG LLP
          1 More London Place
          London SE1 2AF
          Phone: +44 [0] 20 7951 2000
          Fax:   +44 [0] 20 7951 1345
          Web site: http://www.ey.com


SCONTI LIMITED: Calls in Administrators from Poppleton & Appleby
----------------------------------------------------------------
Name of company: SCONTI LIMITED
                 (Company No 3494770)

Trading Name: Gray

Nature of Business: Ladies Clothing

Registered Office of Company: 6th Floor, Holborn Hall, 100 Grays
Inn Road, London WC1X 8BY

Date of Appointment: July 1, 2005

Joint Administrators' Names and Address: H. J. Sorsky and M. S.
E. Solomons, (IP Nos 5398 and 9043), both of Gable House, 239
Regents Park Road, London N3 3LF

CONTACT:  SPW POPPLETON & APPLEBY
          Gable House
          239 Regents Park Road
          London N3 3LF
          Phone: 020 8371 5000
          Fax: 020 8346 8588
          E-mail: mike@spwca.com


SYNGENTA EPSILON: Calls in Ernst & Young to Liquidate Biz
---------------------------------------------------------
At an Extraordinary General Meeting of Syngenta Epsilon Limited
(previously Zeneca Agrochemicals Theta Limited), duly convened,
and held at Syngenta European Regional Centre, Priestley Road,
Surrey Research Park, Guildford, Surrey GU2 7YH, on 11 July 2005,
the following Special Resolution was duly passed:

"That the Companies be wound up voluntarily, that Patrick Joseph
Brazzill and Alan Lovett, of Ernst & Young LLP, 1 More London
Place, London SE1 2AF, be and they are hereby appointed Joint
Liquidators for the purposes of such windings-up, that any power
conferred on them by law or by this Resolution may be exercised,
and any act required or authorised under any enactment to be done
by them may be done by them jointly or by each alone."

A Johnson, Chairman

CONTACT:  ERNST & YOUNG LLP
          1 More London Place
          London SE1 2AF
          Phone: +44 [0] 20 7951 2000
          Fax:   +44 [0] 20 7951 1345
          Web site: http://www.ey.com


SYNGENTA THETA: Calls Ernst & Young to Wind up Firm
---------------------------------------------------
At an Extraordinary General Meeting of Syngenta Theta Limited
(formerly Zeneca Agrochemicals Theta Limited), duly convened, and
held at Syngenta European Regional Centre, Priestley Road, Surrey
Research Park, Guildford, Surrey GU2 7YH, on 11 July 2005, the
following Special Resolution was duly passed:

"That the Companies be wound up voluntarily, that Patrick Joseph
Brazzill and Alan Lovett, of Ernst & Young LLP, 1 More London
Place, London SE1 2AF, be and they are hereby appointed Joint
Liquidators for the purposes of such windings-up, that any power
conferred on them by law or by this Resolution may be exercised,
and any act required or authorized under any enactment to be done
by them may be done by them jointly or by each alone."

A Johnson, Chairman

CONTACT:  ERNST & YOUNG LLP
          1 More London Place
          London SE1 2AF
          Phone: +44 [0] 20 7951 2000
          Fax:   +44 [0] 20 7951 1345
          Web site: http://www.ey.com


T B PLANT: Members Decide to Wind up Firm
-----------------------------------------
At an Extraordinary General Meeting of the Members of T B Plant
Limited, duly convened, and held at the offices of Jacksons
Jolliffe Cork, 33 George Street, Wakefield WF1 1LX, on 8 July
2005, the following Resolutions were duly passed as a Special
Resolution and as an Extraordinary Resolution respectively:

"That the Company be wound up voluntarily, that Matthew Colin
Bowker and David Antony Willis, of Jacksons Jolliffe Cork, 33
George Street, Wakefield WF1 1LX, be and are hereby appointed
Joint Liquidators for the purpose of such winding-up, that the
Joint Liquidators be and are hereby authorised under the
provisions of section 165 of the Insolvency Act 1986 to exercise
the powers laid down in Schedule 4, Part I of the said Act, and
that the Joint Liquidators be and are hereby authorised to divide
and distribute amongst the Members as appropriate, in specie or
in kind, the whole or any part of the assets of the Company."

P D Whitehouse, Chairman

                            *   *   *

Creditors are required to send their names and addresses and
particulars of their claims to the Liquidator on or before 12
August 2005.  If so required, by notice in writing from the
Liquidator, personally or by their Solicitor, Creditors must come
in and prove their debt at such time and place as shall be
specified in such notice.  If they default in providing such
proof, they will be excluded from the benefit of any distribution
made before such debt are proved.

T B Plant is formerly Thrustbore Plant Hire Limited.  It is into
test drilling and boring.

CONTACT:  JACKSON JOLLIFFE CORK
          33 George Street,
          Wakefield WF1 1LX
          Phone: 01904 652100
          Fax:   01904 635349
          Web site: http://www.jjcork.co.uk


TORVER GROUP: Royal Bank of Scotland Appoints KPMG Receiver
-----------------------------------------------------------
Name of company: TORVER GROUP LIMITED
                 (Reg No 3938475)

Nature of Business: Manufacture of Engineering Products

Address of Registered Office: 45 Church Street, Birmingham B3 2DL

Date of Appointment of Joint Administrative Receivers: July 7,
2005

Name of Person Appointing the Joint Administrative Receivers:
Royal Bank of Scotland

Joint Administrative Receivers: Allan Watson Graham and Andrew
Stephen McGill (IP Nos 8719 and 1441), both of KPMG LLP, 2
Cornwall Street, Birmingham B3 2DL

CONTACT:  KPMG LLP
          2 Cornwall Street
          Birmingham
          West Midlands B3 2DL
          Phone: 0121 232 3000
          Fax: 0121 232 3500


U.K. COAL: Losses, Net Assets Lower under IFRS
----------------------------------------------
U.K. Coal plc has presented its restated audited results and
financial position for the year ended 31 December 2004, and its
restated financial information for the 6 months ended 30 June
2004, in accordance with International Accounting Standards and
International Financial Reporting Standards (collectively
referred to as "IFRS").

From 2005, all companies listed on a recognized stock exchange in
the European Union are required to prepare their financial
statements under IFRS.  This change applies to accounting periods
beginning on or after 1 January 2005 and U.K. Coal is therefore
required to prepare its financial statements for its year ending
31 December 2005 under IFRS.

Under the transition rules to IFRS, companies are also required
to restate comparative financial information under IFRS.  The
date of transition for U.K. Coal is 1 January 2004, being the
start date of the earliest period of comparative information.

U.K. Coal's underlying business is unaffected by IFRS, however,
there are a number of changes that impact the consolidated income
statement and consolidated balance sheet which are summarized
below.

Overview of Financial Impact

The table shows the impact on the consolidated results for the
year ended 31 December 2004 and the financial position at that
date:

                 U.K. GAAP            IFRS            Difference
                    GBP000          GBP000                GBP000

Loss before tax    (51,630)        (33,531)               18,099

Basic loss
per share           (35.3)p         (23.0)p                12.3p

Net assets          170,634          56,789            (113,845)

Improvement in loss before tax

As a result of the implementation of IFRS, the loss before tax
has been reduced by GBP18.1 million in 2004.  Of this GBP10.8
million was due to the goodwill impairment which was previously
charged on the acquisition of Crouch Mining in
2004.  This is now recognized in 2003 as a requirement under the
provisions of IFRS 3 "Business combinations" which requires full
retrospective accounting for acquisitions in the year of the
transaction.

A further reduction of GBP9.2 million on the loss before tax is
reflected on recalculation of the profit on disposal of
Gloucester Coal and Lionheart's heating services business in
2004.  The charge initially made to the consolidated profit and
loss account in respect of goodwill previously written off on the
original acquisition was reversed when the gain was calculated
under the provisions of IFRS 1.  This does not require goodwill
previously written off to equity to be recycled to the
consolidated income statement.

The above two adjustments did not affect net assets as they were
in respect of either timing of recognition between accounting
periods or reclassification of a charge from the consolidated
income statement to reserves.

Reduction in Net Assets

As a result of the implementation of IFRS, net assets were
reduced by GBP113.8 million.  This arises mainly from the
recognition of the defined benefit pension scheme obligations
under IAS 19, "Employee Benefits."  In total this amounted to
GBP117.8 million and is in line with the deficit disclosed in
note 29 of the 2004 financial statements which was calculated in
accordance with the U.K. Accounting Standard FRS 17 "Retirement
Benefits."

Both standards require the deficit on defined benefit pension
schemes to be reflected on the balance sheet and in the case of
U.K. COAL the adjustments are identical.  In total the charge to
the income statement under IAS 19 was GBP0.2 million lower than
under the predecessor standard SSAP 24.

As permitted, U.K. Coal has elected to adopt IAS 39 "Financial
Instruments: Recognition and Measurement" with effect from 1
January 2005.  Evaluation of this standard continues, but at the
present time, no material adjustments are expected to arise from
the adoption of this standard in the year ending 31 December
2005.

                            *   *   *

Earlier in July, U.K. Coal plc disclosed that as previously
announced, despite good progress on the operational initiatives
to improve performance and higher average selling prices, the
first six months of the financial year were affected by lower
mining output.

This resulted from the unplanned face gap at Daw Mill, the
closure of Ellington in January, completion of coaling at four
surface mines and lower production in certain collieries during
the planned equipping of six new coal faces in the period to
June.

The Board currently anticipates reporting a loss before tax for
the six months ended 30 June 2005 of around GBP30.0 million on
sales of approximately GBP164 million after profit on the
disposal of property of approximately GBP4.5 million and net
rental income of approximately GBP1.4 million.

CONTACT:  U.K. COAL PLC
          Harworth Park, Blyth Rd.
          Harworth, Doncaster
          South Yorkshire DN11 8DB, United Kingdom
          Phone: +44-1302-751751
          Fax: +44-1302-752420
          Web site: http://www.ukcoal.com

          Inquiries
          Gavin Anderson
          Phone: 020 7554 1400


WESTLOC LIMITED: Administrator from Purnells Moves in
-----------------------------------------------------
Name of company: WESTLOC LIMITED
                 (Company No 03319250)

Nature of Business: Letting of Own Property

Registered Office of Company: Purnells, Trewoon, Poldhu Cove,
Mullion, near Helston, Cornwall TR12 7JB

Date of Appointment: July 4, 2005

Administrator's Name and Address: R. H. Purnell (IP No 2745),
Purnells, Trewoon, Poldhu Cove, Mullion, near Helston, Cornwall
TR12 7JB.

CONTACT:  PURNELLS
          Trewoon, Poldhu Cove,
          Mullion, near Helston,
          Cornwall TR12 7JB
          Phone: 01633 214712
          Fax: 01633 246599
          E-mail: ray@purnells.co.uk


WH SMITH: Appoints New Non-executive Director
---------------------------------------------
WH Smith PLC has appointed Luke Mayhew as a non-executive
director with immediate effect.

From 2000 to December 2004, Luke Mayhew was Managing Director of
John Lewis.  Prior to this, from 1992 to 2000, he was Development
Director of the John Lewis Partnership, which is made up of 27
John Lewis department stores, 166 Waitrose supermarkets and its
Direct and textile manufacturing businesses.

Luke Mayhew previously spent 12 years in senior positions at
Thomas Cook and British Airways as well as being Chief Executive
of Shandwick's European business.

WH Smith Chairman Robert Walker said: "We are delighted to
welcome Luke Mayhew to the Board.  With his extensive retail and
services experience, Luke will be a great asset to the Company as
we implement our turnaround plans for the Group."

                            *   *   *

WH Smith plc has named Merill Lynch as its new joint corporate
broker, dropping ABN Amro Hoare Govett in the process.

According to The Telegraph, the British bookseller stressed that
the move was only partly influenced by the high-profile exits at
its former broker.

In June, Fitch Ratings affirmed WH Smith Plc's ratings at Senior
Unsecured 'BB-' and Short-term 'B'.  The Outlook remains Stable.

The ratings reflect WH Smith's relatively high leverage,
increasingly competitive markets in the core U.K. retail
business, the seasonality of this business, and the execution
risk involved in the turnaround strategy for its U.K. retail
business.

On the other hand, WH Smith's strong brand recognition in the
U.K. market, its location at prime retail sites, its considerable
market positions in book, newspaper, magazine and stationery
retail as well as its U.K. number one market position in news
distribution continue to support the rating.

CONTACT:  WH SMITH PLC
          Nations House, 103 Wigmore St.
          London
          W1U 1WH, United Kingdom
          Phone: +44-20-7409-3222
          Fax: +44-20-7514-9633
          Web site: http://www.whsmithplc.com

          Louise Evans
          Media Relations
          Phone: 020 7514 9624
          Mark Boyle
          Investor Relations
          Phone: 020 7514 9630


WOOLWORTHS GROUP: Sales Drop 4.4% as Trading Remains Difficult
--------------------------------------------------------------
Woolworths Group plc has updated the market on trading for the 24
weeks to 16 July 2005 ahead of entering its half year closed
period.

Since the update given in June, the retail climate has remained
difficult.  Woolworths Mainchain like-for-like sales decreased by
4.4% in the 24 weeks to 16 July 2005.  Woolworths gross margin
remains slightly below last year, however the group is beginning
to see the impact of actions taken to improve gross margin
delivery.

The store refurbishment program is on schedule to convert 50
stores this year to the 10/10 format with 20 converted so far.
Sales and margin performance from the 10/10 estate continues to
be ahead of the Mainchain.

Third party sales at Entertainment U.K. for the 24-week period
were up 16.1%.  2entertain, the Group's 40%-owned entertainment
publishing joint venture with BBC Worldwide continues to trade in
line with its plans.  Progress continues with the sale of MVC,
the Group's specialist chain of entertainment stores.

The Group will announce its interim results for the 26 weeks to
30 July 2005 on Wednesday 21 September 2005.  These results will
be prepared under International Financial Reporting Standards,
but reconciliation to U.K. GAAP will also be provided.  Interim
figures for the prior year, restated under IFRS will be published
shortly before 21 September 2005.

Trevor Bish-Jones, Chief Executive, said: "The retail environment
remains challenging and against this background we continue to be
disciplined about controlling costs and stock while taking action
to improve the Group's businesses."

CONTACT:  WOOLWORTHS GROUP PLC
          Woolworth House, 242-246 Marylebone Rd.
          London
          NW1 6JL, United Kingdom
          Phone: +44-20-7262-1222
          Fax: +44-20-7706-5416
          Web site: http://www.woolworthsgroupplc.com

          Tulchan Group
          Kate Inverarity
          Phone: 020 7353 4200
          Celia Gordon-Shute
          Phone: 020 7353 4200


ZENECA INTERNATIONAL: Chemical Product Distributor Liquidates
-------------------------------------------------------------
At an Extraordinary General Meeting of Zeneca International
Limited, duly convened, and held at Syngenta European Regional
Centre, Priestley Road, Surrey Research Park, Guildford, Surrey
GU2 7YH, on 11 July 2005, the following Special Resolution was
duly passed:

"That the Companies be wound up voluntarily, that Patrick Joseph
Brazzill and Alan Lovett, of Ernst & Young LLP, 1 More London
Place, London SE1 2AF, be and they are hereby appointed Joint
Liquidators for the purposes of such windings-up, that any power
conferred on them by law or by this Resolution may be exercised,
and any act required or authorized under any enactment to be done
by them may be done by them jointly or by each alone."

A Johnson, Chairman

                            *   *   *

Zeneca International sells chemical products.

CONTACT:  ERNST & YOUNG LLP
          1 More London Place
          London SE1 2AF
          Phone: +44 [0] 20 7951 2000
          Fax:   +44 [0] 20 7951 1345
          Web site: http://www.ey.com


ZENECA TURKIYE: Names Ernst & Young Liquidator
----------------------------------------------
At an Extraordinary General Meeting of Zeneca Turkiye Limited
(formerly ICI Turkiye Limited; Imperial Chemical Industries
(Turkey) Limited), duly convened, and held at Syngenta European
Regional Centre, Priestley Road, Surrey Research Park, Guildford,
Surrey GU2 7YH, on 11 July 2005, the following Special Resolution
was duly passed:

"That the Companies be wound up voluntarily, that Patrick Joseph
Brazzill and Alan Lovett, of Ernst & Young LLP, 1 More London
Place, London SE1 2AF, be and they are hereby appointed Joint
Liquidators for the purposes of such windings-up, that any power
conferred on them by law or by this Resolution may be exercised,
and any act required or authorized under any enactment to be done
by them may be done by them jointly or by each alone."

A Johnson, Chairman

CONTACT:  ERNST & YOUNG LLP
          1 More London Place
          London SE1 2AF
          Phone: +44 [0] 20 7951 2000
          Fax:   +44 [0] 20 7951 1345
          Web site: http://www.ey.com


                            *********


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,
Julybien Atadero and Jay Malaga, Editors.

Copyright 2005.  All rights reserved.  ISSN 1529-2754.

This material is copyrighted and any commercial use, resale or
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Information contained herein is obtained from sources believed to
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The TCR Europe subscription rate is US$575 per half-year,
delivered via e-mail.  Additional e-mail subscriptions for
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contact Christopher Beard at 240/629-3300.


                 * * * End of Transmission * * *