Companies that made their mark

Article Abstract:

MD Foods, Inchcape, Canal Plus, Iberdrola and British Rail were among the EC companies with the most notable performances in 1991. Danish firm MD Foods reported one of the most impressive profitability growth for the year, with net earnings jumping from 373 million Denmark kroner (DKr) to DKr825 million. British trading company Inchcape distinguished itself productivity-wise, mainly because of the sale of its labor-intensive tea interests for 30 million pounds sterling. French pay-television station Canal Plus reported one of the best financial performances when its return on capital rose to 30%. Iberdrola, a Spanish electric utility, made its mark in terms of turnover growth. Formed in 1991 through the merger between Iberduero and Hidrola, the new firm posted a 9% increase in pre-tax profits in the first nine months of 1992. British Rail, unlike the other preceding firms, distinguished itself as one of the biggest lossmakers in the EC.

Television broadcasting stations, Electric services, Dairy Products, Railroads, line-haul operating, WHOLESALE TRADE--DURABLE GOODS, Evaluation, Electric utilities, Finance, Food industry, MD Foods International, Trading companies, Canal Plus S.A., Television stations, Iberdrola, Railroad holding companies, British Rail, Inchcape PLC

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Brussels calls for a clean fight

Article Abstract:

The European Commission is pushing for a comprehensive environmental program that is expected to dramatically change the conduct of business in the EC. The Commission's green agenda include passing regulations on integrated pollution control, environmental auditing, waste from packaging, car recycling, and environmental labelling. The Brussels-based Commission also plans to extend civil liability for cleaning waste and industrial pollution beyond manufacturers to other business sectors. However, the proposed environmental measure that has been causing much controversy is the planned imposition of the 'eco-tax.' The EC wants to tax energy sources to reduce carbon dioxide emissions. The business sector strongly opposes this proposal, arguing that it would unduly burden European businesses and make them less competitive than their US and Japanese counterparts who will not be subjected to the same tax.

Economic aspects, Laws, regulations and rules, Cover Story, European Union. European Commission, Environmental policy, Environmental protection

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