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Like almost every utility it tried diversifying spent millions buying up unrelated

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Like almost every utility, it tried diversifying, spent millions buying up unrelated businesses, and fell flat on its face. . MANY chief executives and finance directors will be keenly watching City reaction to the decision by East Midlands Electricity to pay out a bumper dividend. Mr Turner feels the same.'Terry Curzon, a Shelley, Pinnick partner at the time and now partner of a successor firm, Shelley Simmons Pinnick, said: 'We have received Mr Tillman's writ and I have no comment.'. That claim is now worth pounds 17m.Mr Pinnick, who is finance director of an entirely separate quoted company, Securitised Endowment Contracts, said: 'There is no substance whatever in the allegations, and I intend to vigorously defend it. He then aims to make a stock market comeback as head of two fashionable London bars, the O Bar and Bar Royale. He has served High Court writs for damages on Jeffrey Pinnick, Raymond Turner, and Shelley, Pinnick & Co.

Mr Turner and Mr Pinnick, a former partner of Shelley, Pinnick, were directors of Gallini Group, a casual wear wholesaler which Honorbilt bought in 1988. Shelley, Pinnick was Gallini's auditor.Honorbilt collapsed two years later and its receiver, Ernst & Young, issued a writ against Shelley, Pinnick. If successful, Mr Tillman believes it will help to clear his name. THE ENTREPRENEUR Harold Tillman, whom the Department of Trade and Industry is threatening to disqualify as a director, is suing a firm of auditors and two former directors involved in the collapse of his former quoted company, the Honorbilt menswear group, writes William Kay.

However, institutional shareholders, including Allied Dunbar and Charterhouse Venture Capital, professed themselves content with Mr Budge's plans, although they would still want to question him on his detailed proposals.Brunner Mond, formerly part of ICI, has been seen as a candidate for a pounds 250m stockmarket flotation, although it is thought this will not take place for at least 12 months.. You'd have to have a number of stations of this size to create coal demand of the size RJB seems to be anticipating.'A spokesman for RJB said the company never commented on contracts.RJB is now in detailed negotiations on the British Coal purchase amid questions about the viability of its bid, which was 50 per cent higher than any rival offer. But 300 megawatts is only half a per cent of available capacity in the UK. It's at an early stage.' Bill Dale, an energy analyst with Warburg, commented: 'This obviously won't do RJB or the coal industry any harm.

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