ICL stumbles on Pathway to hell

Article Abstract:

UK computer services concern ICL will be very negatively affected if the 1.5 billion pounds sterling Pathway project to computerize social security benefit payments through the Post Office, which it is leading, is abandoned. The project has gone a long way over budget and is three years behind schedule. Abandoning Pathway could have an impact on the planned flotation of ICL in 2000. It is estimated that ICL has spent more than 200 million pounds sterling on the scheme already, but total costs could reach 500 million pounds sterling.

Comment:

Has reported fears that Pathway project will be shut down by UK government

Computer Services, Computer Systems Design and Related Services, Services, Computer services industry, Information technology services industry, Information technology services, Prevention, Contracts, Welfare recipients, Welfare fraud, Fujitsu-ICL Systems Inc. (Dallas, Texas)

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BMW to invest 3.3bn pounds sterling in Rover over five years

Article Abstract:

German car manufacturer BMW plans to invest a total of DM30 billion in the period to the middle of the first decade of the 21st century. Of this, a third will go to Rover, which will receive 3.3 billion pounds sterling in the period to 2004. This will allow output to rise to 800,000 cars a year. BMW has also revealed plans to boost the productivity drive at Rover and to give more work to component companies and foreign suppliers.

Germany, Capital expenditures, Motor Vehicles, Automobile and Light Duty Motor Vehicle Manufacturing, Investments, Automobile industry, BMW AG, Rover Group PLC

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Lloyd's registers its interest in making the railways safe

Article Abstract:

It is important to foster a positive public image for Lloyd's Register, according to Chmn and Chief Executive David Moorhouse. He indicates that the organization will move into areas other than monitoring merchant ships, including road and rail.

All Other Information Services, Business services, not elsewhere classified, Info Services ex Database, Management, Brief Article, Abstract, Interview, Information services, Information services industry, Cargo ships, Lloyd's Register, Moorehouse, David

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