Not much cheer at the local off-licence

Article Abstract:

The merger by Allied Domecq and Whitbread of their Victoria Wine and Thresher off-licence chains will bring savings of between 10 million pounds sterling and 20 million pounds sterling a year. The merged operation will have 3,000 outlets and sales of 1.3 billion pounds sterling a year. This comes at a time when the UK's traditional off-licences face growing pressure from supermarkets and convenience stores. The large supermarkets hold 65% of the market for take-home drinks, with specialized off-licences at 31%.

Beverages, Beverage Manufacturing, Alcoholic Beverages, Mergers, acquisitions and divestments, Retail industry, Retail trade, Whitbread PLC, Thresher, Allied-Domecq PLC, Victoria Wine

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CBI hits the right wavelength for Downing Street

Article Abstract:

Many of the recommendations made by the Confederation of British Industry were effected in the Chancellor's Autumn Statement. During the 80s the government had ceased attending CBI meetings and trade unions disregarded it. In 1992 the CBI lobbied effectively and with excellent information. CBI director-general Howard Davies has Treasury experience and will submit 1993 budget proposals arguing for any tax increases to be kept to a minimum.

United Kingdom, Economic policy, Industrial development, Industrialization, Davies, Howard, Confederation of British Industry

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Half of all homes need replacing

Article Abstract:

Nato bomb attacks have caused extensive damage to government buildings, roads and bridges in Kosovo, Yugoslavia, while Serb ethnic cleansing has destroyed entire ethnic Albanian towns. It will be necessary to invest heavily in reconstructing Kosovo, with attention initially focusing on housing. It is anticipated that the European Union, in collaboration with the World Bank, will announce plans for an international donors' conference.

Yugoslavia, Economic assistance, Foreign economic assistance, Buildings and facilities, Kosovo

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