Benefits of blood and breeding
Article Abstract:
The UK bloodstock industry is enjoying a renaissance in the 1990s as it slowly reclaims its former position as the world leader in the breeding and trading of thoroughbreds. The internationalization of the bloodstock trade, billion-dollar investments by wealthy Arabs such as the Maktoum brothers of Dubai, the coarsening of bloodlines in the US, and the doubling of breeding capacity with the transport of stallions between both hemispheres have all contributed to the improved fortunes of the industry. Reforms in UK horseracing, whose fate is intertwined with that of the horsebreeding trade, have also contributed to the bloodstock industry's renewed vitality. These reforms include the transfer of control over horseracing to the British Horseracing Board (BHB) and the BHB's program to improve race attendance. The growing popularity of race horses as an investment has also helped.
Publication Name: Accountancy
Subject: Business
ISSN: 0001-4664
Year: 1996
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Literally behind the times
Article Abstract:
The problems of the UK book industry are not solely the result of economic hardships but are also the consequences of shortcomings of the industry itself. Foremost of this is the resale price maintenance policy advocated by the Net Book Agreement (NBA). Reed Consumer Books reported that this system limits profitabality, as proven by the publisher's increased sale as a result of denetting the prices of its books after it bolted out of the NBA. However, some sectors continue to argue the practicality of such discounting schemes. Other issues include the sale-or-return system of ordering where books that are not sold are returned to the publisher and the failure of the industry to avail of technological innovations. The impact of different formats such as hardback, paperback, floppy disk, CD-rom and compact discs were also evaluated.
Publication Name: Accountancy
Subject: Business
ISSN: 0001-4664
Year: 1992
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