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Commission factions fire their last salvoes

Article Abstract:

Plans by GEC to make a bid for submarine manufacturer VSEL have attracted mixed reactions. Some groups within the Monopolies and Mergers Commission were concerned that rationalising the shipbuilding industry in this way may mean that the ministry of defence would not obtain value for money, while Michael Heseltine, president of the Board of Trade, was prepared to accept the ministry of defence's view that it would still be in a strong negotiating position when awarding contracts. Both sides believe that it is inevitable that a number of shipyards will eventually have to close.

Author: Rodgers, Peter, Hotten, Russell
Publisher: Financial Times Ltd.
Publication Name: The Independent
Subject: Retail industry
ISSN: 0951-9467
Year: 1995
Planning, Mergers, acquisitions and divestments, Defense industry, General Electric Company PLC, VSEL Consortium PLC

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The battle for the iron in Birmingham's soul

Article Abstract:

In the West Midlands in 1971, half the working population were engaged in manufacturing but this figure has been falling ever since, to 39% in 1981 and 32% in 1989. In 1989 the service industry had 63% of the workforce but in 1992 this has fallen to 62% and manufacturing has increased its hold to 33.5%. This belated upturn in manufacturing has coincided with fierce argument in the business world about the future for the two sectors. The two sectors ought not to have to compete but they do, for money and trained staff, and the service sector seems to be winning.

Author: Hotten, Russell
Publisher: Financial Times Ltd.
Publication Name: The Independent
Subject: Retail industry
ISSN: 0951-9467
Year: 1992
Manufacturing industry, Manufacturing industries, Services industry, Service industries, Birmingham, England

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British arrive late in new Iran

Article Abstract:

Iran hopes to win funding from the World Bank and the International Monetary Fund for their five-year plan to increase mineral production, communications and agriculture and improve conditions for the 32 million of the 58 million population who live in poverty. UK exports increased to 512 million pounds sterling in 1991 from 399 million pounds sterling in 1986. Tehran requires suppliers to accept 360-day credit terms. Many British firms prefer to do business with Iran through Dubai.

Author: Hotten, Russell
Publisher: Financial Times Ltd.
Publication Name: The Independent
Subject: Retail industry
ISSN: 0951-9467
Year: 1992
United Kingdom, International trade, Iran

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Subjects list: Management
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