Takare homes open new doors for the elderly
Article Abstract:
Providing elderly care is a booming business in the UK. The British are currently living 30 years longer than during the 19th century, while the numberof people aged 85 and older is expected to reach 1.2 million by the start of the 21st century. Takare PLC, the market leader of the nursing home leader, is confident that it will be able to meet the growing demand for elderly care in the UK. Starting as a single nursing home under the government's Business Expansion Scheme, Takare is now a fully listed company with profits already growing to 11.84 million pounds sterling in 1992. It currently offers 4,785 beds while 720 more are under construction. The company's turnover has jumped from 8.45 million pounds to 48 million pounds while earnings per share was up from 4.5 pence to 12.1 pence. Deputy Managing Dir Hamilton Anstead believes that within ten years' time, Takare will have increased its market share three times.
Publication Name: Accountancy
Subject: Business
ISSN: 0001-4664
Year: 1993
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Power house gets ready for take-off after market crash
Article Abstract:
Rolls-Poyce (RR) PLC is poised for a comeback after suffering huge losses in recent years. Since the start of the 1990s, the company's power and aerospace businesses have been declining due to radical changes in the market. However, under the management of Finance Dir. Michael Townsend, RR is now gradually returning to profitability. To ensure the company's survival, the finance executive introduced radical measures such as the closure of several plants and the reduction of the workforce by 35% since 1990. RR is also currently pursuing a strategy of expanding its product range, searching for the broadest possible applications for its products and shortening the lead-time on research and development projects. In addition, the company is trying to establish a strong presence in the US market. It recently bought the US Allison Engine Co. to achieve this objective.
Publication Name: Accountancy
Subject: Business
ISSN: 0001-4664
Year: 1995
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On the right track
Article Abstract:
The costs of transportation represent a significant expense for manufacturers and commercial firms. The UK recession has necessitated that firms analyze their transportation needs to ensure that they are receiving the most economical and efficient service. Picking the right mix of transportation is dependent on the unique circumstances of individual firms. Railway transport is a cost-effective means for transporting large loads of bulk goods, while road haulage is a cost-effective alternative for most other markets. Firms should implement transport modeling systems as a means of keeping costs down and deliveries efficient.
Publication Name: Accountancy
Subject: Business
ISSN: 0001-4664
Year: 1991
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