Abstracts » Business

Reach for the stars

Article Abstract:

Arch dealers are those who deal constantly in stakes in companies and they include David Williams, Michael Edelson and Hugh Osmond and Nigel Wray. Williams' deals include the 1994 flotation of Waste Recycling which has since grown though two major acquisitions and organically and has become a key player in the industry. Wray's deals include the acquisition of a 20% stake in Domino Pizza in 1997 which increased in value by 2 million pounds sterling between then and the stock flotation of Dec 1999. Edelson's deals include the stock flotation of Oxygen Holdings, while Osmond's deal involving PizzaExpress has performed well.

Mergers & Acquisitions, Analysis, Acquisitions and mergers, Cover Story, Surveys, Businessmen

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Improving annual reports

Article Abstract:

'Prototype plc' was published by the Institute of Chartered Accountants in England and Wales, collaborating with the Centre for Tomorrow's Company. It is a blueprint for annual reports that places emphasis on stakeholder issues and people. A social and environmental audit appears alongside the financial audit. Intangible assets are also included in this blueprint, including spending on training. There is little on comparing performance with that of other companies. PricewaterhouseCoopers has also made suggestions for changing annual reports, which in some ways are more exciting.

Management-Communications, Finance, Corporate finance, Corporation reports, Company reports, Organizational communication

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Power to offend

Article Abstract:

Arrogance and stupidity are offensive among companies. This is the case for Glaxo Wellcome when it sought to have British taxpayers fund a trial of its anti-flu product, Relenza. Barclaycard could have reduced charges, and it is losing market share as a result of not doing so. Tobacco companies wrongly kept quiet about evidence of the damage to health done by tobacco. Robert Mons has listed a number of faults of companies, which include payment levels for chief executives that are not jusified, and corrupting legal processes due to the amount that can be invested in litigation.

Ethical aspects, Capitalism

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