Net book prices - can they last?
Article Abstract:
The Uk book retailing industry is regulated by the Net Book Agreement (NBA), which fixes prices. Under the NBA, recently published books are sold at a standard price and booksellers are not allowed to offer discounts. Publishers determine the minimum or net price a book will be sold at, although publishers are free to make prices non-net to encourage competition among retailers. While many school books are non-net and are sold at discount, most general books have net prices. The NBA has survived legal scrutiny and was upheld by the Restrictive Practices Court in 1957 as being in the public interest since it was believed to support the publication of serious works with smaller print runs. In 1989, the Office of Fair Trading refused to remand the NBA back to the Restrictive Practice Court, and for the future, book retailers will compete in areas other than price as book sellers disregarding the NBA and offering discounts could be denied titles as retaliation.
Publication Name: The Accountant's Magazine
Subject: Business
ISSN: 0001-4761
Year: 1990
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The silence that won't be golden
Article Abstract:
Thorold Mackie was the first ever prominent investment analyst in Scotland to be convicted for insider trading. The case stemmed from claims that Mackie received price-sensitive information from Shanks & McEwan (SME) Chmn Peter Runciman and subsequently advised stockbrokersfor Bell Lawrie White to sell the SME shares ofthe organization. The case directs the attention of concerned parties on the inferiority of UK's regulatory bodies as compared to the US SEC. Unlike the overlapping UK agencies, the American department is supported by other securities regulators. Most securities cases in the US are relegated under state, not federal, jurisdiction. Moreover, administrative and civil actions, such as plea bargaining, can be taken as alternative procedures for securities cases in the US. Meanwhile, proposals are being put forward and considered in the UK, such as the Criminal Justice Bill, in efforts to toughen laws on insider dealing.
Publication Name: The Accountant's Magazine
Subject: Business
ISSN: 0001-4761
Year: 1993
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