It's a formula for disaster

Article Abstract:

Terri Teasdale is disappointed that the Thames Valley Police is facing budget constraints as she assumes the position of director of finance and services for the force. The limited budget is the result of the latest government funding formula which incorporates a concept known as the establishment factor. This element counts the number of officers in a particular force and has led to a reduction of four million pounds sterling in the budget of the Thames Valley Police. Consequently, the group is left with a measly 7.5 million pounds for 1995/1996. Teasdale laments that this will force the police to reduce its spending on services, transport and training. More devastating, however, is the need to cut down on manpower to enable the force to survive on its miniscule funding. This will mean 200 vacancies by the end of the current fiscal year.

United Kingdom, Law enforcement officers, Police, Police officers

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Scotland's plans to invade the south

Article Abstract:

Scottish Power PLC Finance Director Duncan Whyte notes that the Scottish electricity company had the advantage of being able to prepare for privatization, four years before its successful stock market flotation. Whyte attributes the company's successful transition to its excellent plant efficiency record, its ability to switch fuels, and to several organizational measures that were instituted to prepare the company for privatization. These measures include: the break-up of the business into individual profit-oriented units, the establishment of a Total Quality Management program, and an electricity export program to England and Wales. It is now marketing its expertise in the operation and construction of power generating stations and is assessing the opportunities that may be opened up by the creation of a single energy market in Europe.

Electric services, Electric utilities, Energy policy, Scotland, Privatization, Privatization (Business), Company Profile, Corporate reorganizations, Scottish Power PLC, Whyte, Duncan

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Racing past the winning post

Article Abstract:

The British firm Ladbroke Group PLC has reported high profits since 1984. Pre-tax profits have risen from 1984's 50.2 million pounds sterling to 160.2 million pounds sterling; turnover went from 1,115.9 million pounds sterling to over 2 billion pounds sterling. Ladbroke controls 25% of the betting market in the UK and it is purchasing horse racing tracks in the US in anticipation of states approving off-track betting. The company also has a profitable real estate and property division.

Leisure industry, Horse racing, Ladbroke Group PLC, Horse-racing, O'Mahoney, Jeremiah, U.LAD

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