Daimler leads Germans into a cold new world

Article Abstract:

German companies are much less shareholder-friendly than firms in other countries and there have been several campaigns against suspect accounting methods, hidden reserves, low dividends and bad performance of shares. Daimler-Benz has been specifically mentioned as an example of how things can deteriorate when management goes along its own path regardless of shareholder opinion. This is to change for this company, as it has sought full listing on the New York Stock Exchange by the end of 1993, presumably with the permission of Deutsche Bank, the main shareholder. The running of the business will be required to be much more open.

Management, Daimler-Benz AG

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Carving a niche in the rubble

Article Abstract:

British diplomat Robert Barnett works in the Economics Ministry in Dresden, Saxony, where he advises British firms about openings in eastern Germany. He guides businessmen through the local administration system. Opportunities in the service sector, the infrastructure sector and environmental improvement are most common. British experience of mixing public and private finance is valued. Sensitive businessmen who can demonstrate a committed attitude and reliability with a cheerful sense of humour help the people through the period of change.

Diplomats, Saxony, Germany

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Banks awash with cash whet investors' appetites

Article Abstract:

The UK's high street banks have seen very high profit levels in recent years, and net return on equities for the whole of the banking sector averaged 20% in 1995. Most banks have extensive cash reserves, and their 1995 dividends are likely to be around 20% higher on average. They have benefited from a very low level of bad debt provisions and from the fact that corporate insolvencies have been running at only a modest level.

Banking industry, Finance

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