Plans to go private drag AEA into the 1990s
Article Abstract:
The UK Atomic Energy Authority (AEA) is planning to join the private sector. The government agency has been restructuring itself since 1990 to become a more commercial organization. AEA's ambition to privatize is supported by a report from the Monopolies and Mergers Commission which stated that the AEA would be better off in the private sector. However, there are certain problems that AEA has to work out before it can privatize. These include the lack of the government's express approval for the plan, the AEA's huge debt problem, the decommissioned sites whose safety AEA has to ensure, and the agency's limited trading ability due to legal constraints. AEA CEO Brian Eyre believes that AEA's privatization plan should be considered by the government at the soonest time possible, and not in 1994 when the government undertakes a review of the nuclear industry's future.
Publication Name: Accountancy
Subject: Business
ISSN: 0001-4664
Year: 1992
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Challenging China's Chinese walls
Article Abstract:
Since 1979, when foreign investors were first allowed into China's domestic markets, to 1984, more than $17 billion has been invested by overseas industries, resulting in a 67 percent increase in Chinese agricultural production, a 166 percent increase in farmers' incomes, a 66.8 percent increase in industrial production, a 56.5 percent increase in industrial workers' salaries, and a 10 percent growth in gross national product for China during this same period. These improvements have been accompanied by job losses in China's agricultural sectors, which the country intends to offset by improving its services industries. To ensure the improvement in this area, China's seventh five-year plan will restrict foreign participation in services industries such as banking and accounting. These restrictions are detailed.
Publication Name: Accountancy
Subject: Business
ISSN: 0001-4664
Year: 1985
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Acquisitions as a cure for boredom
Article Abstract:
Williams Holdings PLC was an unprofitable foundry on the brink of bankruptcy when it was bought by Brian McGowan and Nigel Rudd in 1981. Ten years later, after a series of successful acquisitions, Wales-based Williams Holdings is now a high-profile international conglomerate valued at 1.2 billion pounds sterling. Williams' transnational interests are wide-ranging, including military bridges, curtains, greenhouses, aerospace fire protection, paints, and electronic microswitches. CEO McGowan credits Williams Holdings' success mainly to luck, accident and opportunity.
Publication Name: Accountancy
Subject: Business
ISSN: 0001-4664
Year: 1991
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