A matter of survival
Article Abstract:
Financial institutions in the UK are preparing for the introduction of a single European currency even though the national government has yet to decide whether it will support or oppose participation in the European Monetary Union (EMU). While Members of Parliament argue about the pros and cons of EMU membership, the business community appears to have accepted the inevitability of the new currency, the Euro. Many London bankers realize that readiness for the monetary union will not only generate a commercial advantage, but may also ensure their survival. However, shifting to the Euro presents numerous problems. These includes complex technical issues, including those pertaining to computer clearing systems, as well as serious legal problems, such as the force majeure clause included in many long-term financial arrangements that allows parties to withdraw from the deal in the event of significant unforeseen events.
Publication Name: Accountancy
Subject: Business
ISSN: 0001-4664
Year: 1996
User Contributions:
Comment about this article or add new information about this topic:
A chance they mustn't waste
Article Abstract:
UK's water companies are actively involved in investment diversification activities.As of Jun 1993, the utilities have already allocated 250 million pounds sterling for diversified investments. The flurry of investments stems from the need to raise more funding for the mandated water clean-up duties of the utilities. Moreover, under-utilization of resources and the dwindling inflow ofrevenues from investment in core activities have prompted them to branch out. Since their privatization in 1989, the 10 biggest water companies have diversified, most notably in the ever-growing waste management sector. Others have made investments on waste transportation and waste treatment operations. The biggest diversification deal by any of the privatized water utility companies is Severn Trent's 212 million pounds investment on the Redhill refusesite in Surrey.
Publication Name: Accountancy
Subject: Business
ISSN: 0001-4664
Year: 1993
User Contributions:
Comment about this article or add new information about this topic:
Under surveillance: If employers are going to spot fraud in the workplace they've got to be vigilant - but they can go too far
Article Abstract:
Serious fraud is increasing and new technology means more scope for fraud in the workplace, but also means more scope for countering fraud, using hidden cameras, email logs and telephone monitoring. However employers can become over-zealous, undermining staff morale. Rigorous surveillance is justified in certain areas, such as in the City markets, but many companies have delayered middle management and inadvertently reduced human checks on fraud.
Publication Name: Accountancy
Subject: Business
ISSN: 0001-4664
Year: 1999
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: Performance differences between the Wrigley-Rumelt strategic categories. On 'dominant logic', relatedness and the link between diversity and performance
- Abstracts: Market leaders: all change at the top. Aviation in the 90s: what Europe can learn from the States. On the move but in touch
- Abstracts: The birth of clinical accounting: a study of the emergence and transformations of discourses on costs and practices of accounting in U.S. hospitals
- Abstracts: An application of metric conjoint analysis for the evaluation of top managers' individual strategic decision making processes: a research note
- Abstracts: WordStar International Inc. Designer trucking sets tone for independent USA Truck