New pub operators: pleased as a newt

Article Abstract:

New retailers are entering the UK pub market and are benefiting from changes allowing pubs to be opened more easily on premises which were previously not licensed. Examples of the new retailers include JD Wetherspoon which seeks large sites to benefit from high volume sales. Yates Brothers and Regent Inns both have expansion plans. Some analysts argue that this type of investment will not be profitable in the long term. Large brewers are affected by the new retailers and they could solve the problem through takeovers.

Beer & Other Malt Beverages, Breweries, Drinking Places, Drinking Places (Alcoholic Beverages), Malt beverages, Bars, saloons, etc., Bars (Drinking establishments), Brewing industry

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BT television threat battles cable shares

Article Abstract:

The UK Labor Party plans to allow British Telecom (BT) to construct the information superhighway for the UK. This announcement has led to a drop in the price of cable television company shares. TeleWest saw a drop of 14%, Nynex saw a drop of 12% and General cable dropped by 9% after the announcement. The cable TV companies are building networks rapidly to prepare for the entry of BT into the market. BT is not permitted to use its wires for braodcasts prior to 2002 according to existing regulations.

Specialized Telecom Services, Wired Telecommunications Carriers, Cable Networks, Cable TV Entertainment Networks, Internet, Internet services, Cable television, Cable networks (Television), Entertainment networks (Television)

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Economy

Article Abstract:

South Africa's macroeconomic policy set out in Jun 1996 is geared to business and focuses on growth, jobs and redistribution. The plan sees a 6% growth rate and investment from abroad. There has been concern as to whether the government could deliver and the South African rand has been affected by concerted selling. Interest rates have been raised but this increases the cost of borrowing. Meanwhile, inflation has fallen and has been aided by the elimination of tariffs for many imports.

Economic Programs, Administration of Economic Programs, Economic policy, South Africa, Economic development

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