Article Abstract:
Taylor Woodrow's chief executive, John Castle, plans an evolution of the company, rather than revolutionary change as undertaken by other United Kingdom construction companies. The group has moved into profit under its executive chairman, Colin Parsons, but can still improve its net returns. Castle plans to strip down construction and convert it into one operation with the different groupings brought together. The group will have completed its tidying up after a year, and the settling process will take a further year.
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Article Abstract:
Market pressures are forcing the world pharmaceuticals industry to focus on development, rather than research, according to Professor Salvador Moncada, who was formerly head of research at Wellcome and is now leading a team of 60 scientists researching the diseases which are responsible for most deaths. These include cancer and arteriosclerosis. His Cruciform project brings together scientists from many different disciplines, all of whom will use basic molecular science.
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Article Abstract:
The UK is believed to have seen merger and acquisition deals in 1995 worth more than the previous record of 47.2 billion pounds sterling, achieved in 1989. Some 950 million pounds sterling will have remained in the hands of professional consultants such as lawyers and stockbrokers. Deals have been driven by industrial logic, with many companies realising that conglomerates are not the way forward.
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