PolyGram blames slipped discs for 18% downturn

Article Abstract:

Net income at PolyGram, the largest record company in the world, fell by 18% in 1996 from 1995 to 608 million Dutch guilders. This was the result of a general lack of new, highly popular bands and maturing markets for compact discs. In the company's music division, operating profits fell to 1.1 billion Dutch guilders, from 1.15 billion Dutch guilders, and a heavy charge was taken as a result of making around 550 employees redundant. It is now to reorganise its European music distribution and marketing and to restructure the classical music division.

Finance, Sound recording industry, Recording industry, PolyGram B.V.

---

Football clubs may invest in foreign teams

Article Abstract:

UK football clubs are looking at ways of limiting the risk to investors of supporting only one club. A possible solution may be to take cross-shareholdings in top continental European football teams. This could lead to merchandising, marketing and broadcasting deals. Financial experts believe that cross-shareholding would be a feasible way of spreading risk, but such a move would be unlikely to appeal to football supporters.

Football teams

---

Ominous silence in the engine room

Article Abstract:

Aerospace concern Rolls-Royce has given little indication about how it plans to address the problems arising from the terrorist attacks in the US. Civil aerospace accounts for 54% of its sales, and since the attacks its stock market value has almost halved.

Aircraft & Parts, Aerospace Product and Parts Manufacturing, Aircraft and Parts, Aerospace industry, Company Profile, Rolls-Royce Ltd.

Similar abstracts:

• Abstracts: Cruise missiles won't stop the dangers facing US democracy. Lobbyists in the driving seat. A perfect sex scandal for the New Puritans
• Abstracts: Income plays off the return. No win, no fee, no risk. Caution's the watchword
• Abstracts: Nato should have good news for Alexander Lebed. He's coming, he just hasn't arrived yet. He may look medieval, but Bin Laden is a modern tactician of rare genius
• Abstracts: Hit and run television. If it helps, I'll carry an identity card
• Abstracts: Conning the Cali cartel. A trillion dollars in dirty money keeps island tax havens afloat

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.