Yorkshire's self-defence

Article Abstract:

Yorkshire Electricity is seeking to fend off bids and may announce a special payment to shareholders. The company is seen as a potential takeover target and Management is seeking to retain Yorkshire's independence. The company will be a less attractive target if it boosts borrowings. The National Grid flotation is scheduled for Oct 1995 and any announcement of a dividend is likely to follow this flotation. Yorkshire's proceeds from the flotation will go to its shareholders, the company has stated.

Electric Utilities, Electric Power Generation, Transmission and Distribution, Mergers, acquisitions and divestments, Yorkshire Electricity PLC

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Companies' financial secrets stay hidden

Article Abstract:

UK companies tend to publish little information on their pension funds. Pension fund surpluses have been declining, and decisions on contributions tend not to be announced to shareholders who thus do not know how prudent companies are being in this area. The UK Accounting Standards Board is seeking comments to formulate new proposals on disclosure requirements. Greater disclosure was noted in 1994 but this improvement has not gone far enough.

Pension Funds & Benefit Plans, Pension Funds, Finance, Pensions, Corporations, Corporate finance

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