Private capital is a haven in the storm

Article Abstract:

It has become increasingly common in the UK for quoted companies to take themselves private. This trend has help to push up the sums of money being committed to management buyouts to record high levels. In the first nine months of 1998, transactions worth more than 12 billion pounds sterling were completed, compared with 10.5 billion pounds sterling for the whole of 1997. However, observers believe that the value of management buyouts and buyins will drop significantly. Venture capitalists will have to invest more cautiously, and will have to spend more time with existing investments as economic conditions worsen.

Capital Management-Venture Capital, Investments, Statistics, Venture capital companies, Venture capital, Management buyouts

---

More share buybacks on the way as companies swap equity for debt

Article Abstract:

It has become increasingly common for UK companies to distribute spare cash to their shareholders in the form of share buybacks. Indeed, it is estimated that share buybacks alone will reach 7 billion pounds sterling in 1998, from 3 billion pounds sterling in 1997. This trend is being fuelled by the view that increased levels of debt will cut a company's overall cost of capital. Companies to have made such a move include Anglo-Australian mining group Rio Tinto, which plans to buy in 10% of its share capital.

Mining & Extractive Industries, Mining, Analysis, Mining industry, Securities, Debt equity conversion, Rio Tinto PLC

---

Rosy prospects for chip makers despite layoffs

Article Abstract:

The world semiconductor industry is experiencing difficulties at present, but is expected to see a revival in its fortunes. Indeed, the industry's revenues will grow by an average of 11.5% a year in the period 1997 to 2002, according to Dataquest. The expected rise in demand is prompting the construction of new manufacturing facilities, but manufacturers are also seeking to make existing facilities more flexible, thus allowing them to respond more quickly to changing demand patterns.

Semiconductors and related devices, Semiconductor Devices, Semiconductor and Related Device Manufacturing, Semiconductor industry, Economic aspects

Similar abstracts:

• Abstracts: The return of the cash plan. How to cash in on the competition for maturing Tessas. No pain, no gain is the transfer rule
• Abstracts: Key account management in the business to business field: the key account's point of view. Switching costs in key account relationships
• Abstracts: Key account management in the business to business field: the key account's point of view. part 2 Managing compensation caps in key accounts
• Abstracts: Waxing lyrical about the light. Roddick brings image of plenty to farmers in Italian backwater
• Abstracts: Next step: Banking on the Net A division of the spoils. Put trust in the telephone, and invest down the line

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.