After 166 years, Pilkington sheds its paternal image

Article Abstract:

Sir Anthony Pilkington is a fifth-generation direct descendant of William Pilkington, who founded the firm in 1826, and it has always been run by a Pilkington. Changes are on the way, however, one being that when Sir Anthony retires the run of Pilkingtons at the top will cease, since none of his three sons are working for the firm. The firm is to move part of its headquarters from St Helens, where it has been since the start, to Brussels. Jobs will also be eliminated and the town is unhappy about this, although it realises it is inevitable. The firm had a turnover of 2.6 billion pounds sterling in the last financial year and employs 50,000 staff.

Officials and employees, Finance, Glass industry, Pilkington Glass Ltd.

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Senior Wickes management was aware of bogus profits 6 months before disclosure

Article Abstract:

DIY store chain Wickes is currently attempting to explain to shareholders how serious accounting regularities came to be made and why they were concealed for at least six months. A report into the company's activities reveals that managers systematically tried to conceal the accounting problems, which were based on the buying department. The Senior Fraud Office has stated that it is not yet investigating the issue, and the DTI is not banning any of the company's managers from acting as a director.

Accounting and auditing, Building materials industry, Do-it-yourself products industry, Wickes

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No frills and low fares are winning battle of the skies

Article Abstract:

The popularity of low cost airlines with passengers is examined in detail. These relatively small companies have increased passenger numbers in 2001, reacting better to the downturn in the economy than their larger rivals.

TRANSPORTATION BY AIR, Air Transportation, Economic aspects, Airlines, Travel industry, Air transportation industry, Civil aviation

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