Bitter battles in the beer business
Article Abstract:
The British beer industry is suffering from the combined effects of the recession and the failure of the Monopolies and Mergers Commission's (MMC) report to meet its objectives regarding the supply of beer. Brewers and publicans have to contend with a slowdown in business due to the economic downturn, as well as with the chaos brought on by the 'Beer Orders,' as the MMC report is called. The Beer Orders were issued with the goodintention of breaking up the monopoly of the big national brewers in the UK. The MMC was of the opinion that these brewers' control over their large pub estates limited consumer choice and caused beer prices to go up. Unfortunately this attempt to regulate the beer industry backfired, with big brewers complying with the letter but not with spirit of the law. The result is higher market shares for the big producers and less choice for pubs as to the beers they stock.
Publication Name: Accountancy
Subject: Business
ISSN: 0001-4664
Year: 1993
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Outsiders on the inside
Article Abstract:
The British government's plans for the privatization of prisons is encountering resistance from the Prison Officers Asociation (POA). While the government's move towards prison privatization is based on cost-reduction, the POA asserts that the plan is intended as a union-bashing scheme. The Wold's remand center, the first privately-operated prison will open its doors in Humberside and will be managed by the Group 4 Security. All Wold's staff will be US-trained but British citizens. The POA is protesting the dual standard system of Wold's, claiming that one group of prisoners would enjoy the holiday camp environment of one facility while the other group would have to bear with the usual 23-hour locked environment of older correctional institutions. The opening of the Wold's facility has encouraged companies such as Securicor and Wackenhut to go the way of Group 4 Security.
Publication Name: Accountancy
Subject: Business
ISSN: 0001-4664
Year: 1992
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Pleasure domes in the bunker
Article Abstract:
Luxury golf courses in the UK that were planned during the 1980s are wallowing in the hands of receivers. These golf and country clubs, such as the Loch Lomond, Slaley Hall and Quietwaters, all feature top-class facilities including lodges, hotels, marinas and clubhouses. However, the cost of these features led to the depletion of funding of developers. To add to the travails of developers, economic hardships and other factors such as location and high prices shunted away potential buyers that could have provided needed financing for the completion of the projects and the payment of incurred debts. As a result, the developments are placed under the management of receivers who are tasked to look for purchasers. One luxury golf development that succeeded is the Wisley Club where members not only join it but also buy shares in it.
Publication Name: Accountancy
Subject: Business
ISSN: 0001-4664
Year: 1992
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