UK: DECLINE IN BANKING MARKET CONFIDENCE
Article Abstract:
Confidence within the UK bank and building society arena declined markedly during the third quarter of 2000, revealed the Financial Services Survey from the Confederation of British Industry (CBI). The study revealed a major gap between areas within the financial services sector that were pessimistic about the future and those that were upbeat. Banks cited intense competition as a reason for the bleak performance, with 55% revealing they had cut costs since end-1992 by the highest level. Business volumes increased in the fund management and insurance sector and confidence was expressed, while among banks a large number had seen business tail off since March 1992.
Publication Name: The Independent
Subject: Retail industry
ISSN: 0951-9467
Year: 2000
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NORWAY: KVAERNER IN BLACK FOR 2000
Article Abstract:
Kvaerner, the Anglo-Norwegian engineering reported profits for the first half of the year 2000, of GB[pound] 40mn. The group previously reported losses of GB[pound] 327mn.
Publication Name: The Independent
Subject: Retail industry
ISSN: 0951-9467
Year: 2000
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