With its famous brands seemingly in demand from overseas suitors, undercapitalization still prevalent and profit margins remaining squeezed, a wave of takeovers is set to change the UK’s Food Manufacturing sector forever.
The ongoing story of United Biscuits being courted by prospective new owners suggests that British brands remaining in high demand from major overseas players. Overall, UK based Food Manufacturers are facing weak growth and the prospect of a double dip recession. So, should UK based manufacturers be openly courting the attentions of buyers now to get the best value for their shareholders?
For example, should other major players such as Northern Foods (who posted their half year results today) also explore the possibility of attracting outside investment into the company to help it prosper in a difficult market?
93 UK based manufacturers would benefit from being taken over – Click here to find out who.
Showing posts with label plimsoll uk. Show all posts
Showing posts with label plimsoll uk. Show all posts
Tuesday, 5 October 2010
Wednesday, 15 September 2010
The union representing British Airways cabin crew, Unite, has threatened to increase the intensity of their dispute with the airline.
Earlier this year, BA cabin crew went on strike for a total of 22 days costing the airline approximately £150m. Although facing tremendous losses as well as having to cancel hundreds of flights, BA tried to make the best of a bad situation by bringing in employees from other parts of the company to take over cabin crew duties.
Unite has now warned that any further strike action would include any ground staff currently working for BA, including check-in workers and baggage handlers. Introducing these members of BA staff to strike action could potentially be catastrophic to the company.
The union needs to accept that conditions in the post recession industry are such that the airline simply cannot sustain the level of reward its members have become accustomed to. For example, salaries as a percentage of sales for British Airways are 26% compared to 14% at Virgin and 10% at Ryanair. Without a plausible alternative, the board have to cut staff, remuneration and perks if the airline is to survive.
To see how British Airways compares to other Airlines click here and read the following analysis on the Global Airlines
Unite has now warned that any further strike action would include any ground staff currently working for BA, including check-in workers and baggage handlers. Introducing these members of BA staff to strike action could potentially be catastrophic to the company.
The union needs to accept that conditions in the post recession industry are such that the airline simply cannot sustain the level of reward its members have become accustomed to. For example, salaries as a percentage of sales for British Airways are 26% compared to 14% at Virgin and 10% at Ryanair. Without a plausible alternative, the board have to cut staff, remuneration and perks if the airline is to survive.
To see how British Airways compares to other Airlines click here and read the following analysis on the Global Airlines
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