Lonrho split to hand reins to South Africans

Article Abstract:

Dieter Bock, chief executive of Lonrho, plans to divide the company into three by the end of 1996. This plan includes the flotation of the group's hotel interests and then a separate float of non-mining interests related to African trading. Lonrho will continue to focus on mining. Anglo American looks set up have an important degree of control of the group's mining assets through an option agreed with Bock whereby Anglo can buy the 18% stake held by Bock. Anglo already holds a 7.3% stake in Lonrho.

Mergers, acquisitions and divestments, Lonrho PLC

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Attacks cloud airlines' future

Article Abstract:

The already weak airline sector has been badly hit by the recent terrorist attacks on the US, with passenger numbers falling and losses rising. Airlines must now concentrate on crisis management, and if government regulation is eased, some airlines could even become stronger.

Scheduled Passenger Air Transportation, Domestic Scheduled Air Service, Domestic airlines

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Companies count the cost

Article Abstract:

The Sep 11, 2001, terrorist attacks on the World Trade Centre in New York will affect most economic sectors to some degree. Those most affected in human or economic terms include investment banking, airlines and insurance.

Investment Banking and Securities Dealing, Construction, Investment Banking, Insurance, Insurance Carriers and Related Activities, Passenger Air Transport, Scheduled Air Transportation, Security brokers and dealers, INSURANCE CARRIERS, United States, Construction industry, Investment banks, Insurance industry, Petroleum industry, Leisure industry, Defense industry, Bombings

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