Review will not stem the tide of mergers
Article Abstract:
The UK government's recent Building Societies Review contains recommendations including measures to encourage building society customers to participate more in the running of the society. It is hoped in this way to increase customer accountability, but some observers are expressing doubts about whether this will really happen. The review also looks at the ways in which societies raise funds, and proposes that they could raise up to half their funds from the money markets.
Publication Name: The Independent
Subject: Retail industry
ISSN: 0951-9467
Year: 1995
User Contributions:
Comment about this article or add new information about this topic:
City reels as rescue collapses
Article Abstract:
The image of London as a leading world financial centre will be damaged by the failure of City institutions to put together a rescue scheme for merchant bank Barings. Top Barings executives must now start to assess the bank's outstanding positions in the derivatives markets, and observers expect total losses to be much higher than the current 600 million pounds sterling. The bank's corporate finance operation will now be supervised by administrators Ernst and Young.
Publication Name: The Independent
Subject: Retail industry
ISSN: 0951-9467
Year: 1995
User Contributions:
Comment about this article or add new information about this topic:
BET turns up heat in bid battle
Article Abstract:
It is rumoured that business services concern BET will undertake an extensive sell-off in order to fight off a hostile 1.8 billion pounds sterling takeover bid from Rentokil. However, BET has denied this. It is instead emphasising how successfully chief executive John Clark has managed the company. Rentokil has denied that it is planning extensive job cuts at BET.
Publication Name: The Independent
Subject: Retail industry
ISSN: 0951-9467
Year: 1996
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: Streetwise way to cut the cost of software. How to make an impact in print. Ball-point finds niche market on the margins
- Abstracts: Help from the heavens. Massage in a bottleneck. If you're superstitious, good luck to you
- Abstracts: Trainers go to the back of the class. Will dons make the grade in class? The class ceiling
- Abstracts: Phones downsize for the digital age. Beware the contract that binds. A phone is not just for Christmas
- Abstracts: Mightier than the sword. The master of spin goes in to bat. Prince Rupert at a dangerous gallop