Close encounters of the wrong kind

Article Abstract:

The UK saw the opening of 267 new multiplex cinema screens in 1998, according to a report by Dodona Research. The report forecasts that there will be 632 more screens by 2000 than the 1,725 open in 1998. Admissions per screen are likely to decline, having a negative impact on operators' profits. It is likely that some operators will withdraw from the market, with some cinemas being closed down. The possible purchase by Paramount Pictures of Universal's 50% stake in United Cinemas International could spark off significant competition between cinema operators.

Motion Picture Theaters, Motion Picture and Video Exhibition, Forecasts and trends, Movie theaters

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Central London land values at risk

Article Abstract:

There should be a substantial rise in public subsidies from the government to poorer parts of London, England, to prompt developers to construct more homes, according to the 'Affordable Housing in London' report from Three Dragons and Nottingham Trent University. It is recommended that the Greater London Authority controls land prices by giving public subsidies to areas where the land value is less than 15 million pounds sterling per ha.

Prices and rates, Real estate, Real property

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Urban builders jib at Ken's target

Article Abstract:

Ken Livingstone, Mayor of London, England, wishes to increase the amount of social housing available in the capital by increasing the proportion of low-cost homes that house builders have to include in their developments.

Political activity, Design and construction, Livingstone, Ken

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