Economy set for a strong run
Article Abstract:
The West Midlands region of England has seen an improvement in business confidence. Manufacturing companies reporting a rise in orders in Sep 1996 rose to 35% compared to 29% of companies at year-end 1995. The figures for services companies was 43% compared to 39% in this period. Services companies have seen more instability in exports but generally exports have been stable in the region. Unit labor costs are low but the currency advantage has been eroded as pound sterling has risen in value.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1996
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Automotive industry races ahead
Article Abstract:
The West Midlands region of England accounts for more than 40% of car production in the UK and this share is increasing as investment increases in the region. Companies planning to invest include BMW which will construct a 400 million pounds sterling engine plant, and Peugeot, which is expanding production. Components companies face increased pressure from their customers which seek better delivery schedules, lower defect percentages and aim to deal with fewer suppliers.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1996
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Venture capital market strengthens
Article Abstract:
The West Midlands region of England accounted for 4.3% of total buy-out value for the UK in 1st half 1996 compared to 7% for 1995. The market has strengthened and prices paid for buyouts have risen. Engineering accounts for much buy-out activity in the region. Capital raising through the equity market has not been as buoyant. A UK general election is to be held and financial uncertainty is likely to increase which could dampen corporate financial activity.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1996
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