Future shock
Article Abstract:
The financial futures and options market in Europe has grown dramatically since the early 1980s. With regulatory barriers being relaxed throughout Europe, futures activity has exploded, with London, Paris and Frankfurt emerging as the three principal centers of activity. The London International Financial Futures Exchange (Liffe), which was founded in 1982, has witnessed exponential growth with volume turnover in 1991 rising to 38.6 million contracts from 8.6 million in 1986. Le Marche a Terme International de France (Matif), which opened in 1986, has grown even faster, with turnover hitting 37.1 million in 1991. At the Deutsche Terminborse (DTB), which opened in 1990, turnover has reached 15.4 million contracts after just two years. The Liffe, Matif and DTB are widely expected to continue their rapid growth as the market expands with increased participation from institutional investors.
Publication Name: International Management
Subject: Business, international
ISSN: 0020-7888
Year: 1992
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The labours of Ollila
Article Abstract:
The Finnish technology group Nokia is banking on its new CEO Jorma Ollila to bring the firm back to profitability. Nokia reported a net loss of 211 million markka in 1991, a tremendous drop from its 1987 profit of 1.2 billion markka. The company's problems began with the ambitious expansion policy of former CEO Kari Kairamo, and compounded by the Finnish recession and the collapse of Finland's long-time trading partner, the Soviet Union. Many are pinning their hopes on Ollalia to turn the technology group around. After, he did transform Nokia Mobile Phones from a loss-maker into one of Nokia's most profitable divisions with the relatively short period of two-years. Ollalia foresees the company's growth in the coming years will mostly be in the area of telecommunications and mobile phones. As for 1992, he is optimistic that Nokia will improve on its 1991 performance.
Publication Name: International Management
Subject: Business, international
ISSN: 0020-7888
Year: 1992
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Europe's privatization party
Article Abstract:
Many western European countries have adopted large-scale privatization programs. The financial benefits associated with privatization have played a key role in influencing governments to sell off state assets. The UK has been the undisputed leader in Europe's privatization drive, raising some 29 billion pounds sterling from the sale of its interests in former government-controlled enterprises since 1979. Sweden, Germany and Spain have also raised several billion dollars each in their respective privatization programs. The trend towards less government intervention in the economy has become unmistakable with privatization programs being expanded in virtually all western European countries.
Publication Name: International Management
Subject: Business, international
ISSN: 0020-7888
Year: 1991
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