PolyGram blames slipped discs for 18% downturn
Article Abstract:
Net income at PolyGram, the largest record company in the world, fell by 18% in 1996 from 1995 to 608 million Dutch guilders. This was the result of a general lack of new, highly popular bands and maturing markets for compact discs. In the company's music division, operating profits fell to 1.1 billion Dutch guilders, from 1.15 billion Dutch guilders, and a heavy charge was taken as a result of making around 550 employees redundant. It is now to reorganise its European music distribution and marketing and to restructure the classical music division.
Publication Name: The Independent
Subject: Retail industry
ISSN: 0951-9467
Year: 1997
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Football clubs may invest in foreign teams
Article Abstract:
UK football clubs are looking at ways of limiting the risk to investors of supporting only one club. A possible solution may be to take cross-shareholdings in top continental European football teams. This could lead to merchandising, marketing and broadcasting deals. Financial experts believe that cross-shareholding would be a feasible way of spreading risk, but such a move would be unlikely to appeal to football supporters.
Publication Name: The Independent
Subject: Retail industry
ISSN: 0951-9467
Year: 1997
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Ominous silence in the engine room
Article Abstract:
Aerospace concern Rolls-Royce has given little indication about how it plans to address the problems arising from the terrorist attacks in the US. Civil aerospace accounts for 54% of its sales, and since the attacks its stock market value has almost halved.
Publication Name: The Independent
Subject: Retail industry
ISSN: 0951-9467
Year: 2001
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