A city whose welfare is driven by oil

Article Abstract:

Aberdeen, Scotland has a flourishing economy because of North Sea oil. As long as the oil market is secure, Aberdeen prospers. Property prices go up by 5% when those elsewhere in the UK fall by 3%. They were lower, and unemployment was above average in the mid 1980s when the price of oil fell. Aberdeen usually has reverse economic conditions from the rest of the UK. The other industries in the region, fishing, food processing, agriculture and textiles have been badly affected by the recession. The costs of deep water exploration also have to be considered.

United Kingdom, Economic aspects, Petroleum industry, Scotland, Aberdeen, Scotland

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Risk is spread by a share in the money pool

Article Abstract:

Investment trusts are similar to unit trusts but are also public companies. Investment trusts allows risks to be spread evenly between the trusts. Investment decisions are usually made by a financial adviser. To avoid the financial adviser's commission information on investment trusts are given in Money Magazine and from The Association of Investment Trust Companies. One of the advantages is that the trusts can be divided into separate parts to allow more tailor made investment. Losses can be great if company investments go wrong.

Analysis, Mutual funds

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Crossflatts faces its grim future

Article Abstract:

Kalon made a hostile 105 million pounds sterling for the paint maker Manders and would close its subsidiary, Windeck Paints, in Crossflatts, Bradford, Yorkshire, England. Besides the 180 Windeck employees, many small local businesses would fold. After two year of uncertainty, Windeck hoped for stability when Manders brought technical and financial resources in Jan 1992. Manders' Chief Executive, Mr Mike Hennessy, plans to offer all shop floor workers jobs at Kalon's nearest factory 18 miles away.

Mergers, acquisitions and divestments, Paint industry, Kalon Group PLC, Manders (Holdings) PLC, Windeck Paints

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