Old flame, new fire
Article Abstract:
Centrica, the trading company formed when British Gas was split up in 1997, faced significant difficulties, especially because British Gas had a very poor reputation. However, Centrica's fortunes have actually improved considerably, and it has now reported its first profit. Its share of the domestic market has declined to 80%, but it is now gaining more customers than it is losing. It is now drawing up expansion plans, including the purchase of the RAC's motoring services division and a consortium bid for the Drax power station.
Comment:
Has reported that its earnings have improved
Publication Name: The Independent
Subject: Retail industry
ISSN: 0951-9467
Year: 1999
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Rover bets the company on the new, all-British 75 model
Article Abstract:
Extensive publicity will surrounding the launch of the Rover 75, a retro-style model strongly based on Rovers of the past. This car will be critical to Rover's future. In particular, it will be vital for Rover to address the quality problems that have been associated with previous models. Some observers feel that the fact that Rover has decided not to introduce the basic model in the 75 range until the end of 1999 may be an indication of difficulties at its production line in Cowley, England.
Comment:
Has introduced its retro Rover 75
Publication Name: The Independent
Subject: Retail industry
ISSN: 0951-9467
Year: 1999
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Runaway growth at Stansted airport
Article Abstract:
There has been significant growth in passenger numbers at Stansted airport in Essex, England. This airport handled 1.14 million passengers in Aug 1999, up by 42% from Aug 1998 and a larger increase than at Heathrow and Gatwick airports combined. An estimated 9 million passengers will pass through Stansted in 1999, from 5.5 million in 1997. It is predicted that passenger numbers will have risen to 11 million when expansion work is completed in 2002.
Publication Name: The Independent
Subject: Retail industry
ISSN: 0951-9467
Year: 1999
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