Crunch time for Golden Wonder

Article Abstract:

The management buyout team which has acquired Golden Wonder's bagged snacks business aims to capitalise on recent gains in market share and make the firm leaner and more efficiently managed. The 68 million pounds sterling purchase, from Dalgety, was backed by venture capital firm Legal & General Ventures. Golden Wonder had already begun to win back market share from its biggest rival Walkers, helped by Golden Walkers' introduction of foil packaging. However, the buyout team believes there is room in the market for two large players and does not aim to overtake Walkers.

Management, Mergers, acquisitions and divestments, Snack foods industry, Golden Wonder Ltd., Dalgety PLC

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Snap, crackle and crunch

Article Abstract:

Interest rate cuts in the US, Japan and Britain are failing to stimulate economic recovery. But fears of a credit crunch are exaggerated, according to a study by the British stockbroking firm James Capel. However, the debt of consumers and corporations is slowing down economic recovery.

Reports, Interest rates, Debt, Credit

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Snap and crackle over the pops

Article Abstract:

Symphony orchestras in the US had a deficit of $23 million in 1991, and many are paring down radio broadcasts of live performances and debuts of new works. Many symphony orchestras may hold more 'pop' concerts of popular classics to boost finances.

Economic aspects, Finance, Symphony orchestras, Concerts

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