Article Abstract:
The quality of a website, in terms of navigation, information on products and services, financial data, online ordering capacity and design, is a good indicator of a company's share performance, according to a new survey of 1,400 European companies by Dresdner Kleinwort Benson. The better the site, the better the share performance, regardless of sector, the survey concludes. Although technology, media and telecoms companies predictably tend to have good quality sites, water, chemicals and paper also had good sites and stock performance. Across Europe, German companies on the Neuer Markt tended to have the better websites. In the UK, the survey gave the best ratings to banks, advertising agencies, construction and chemicals. Insurers, food retailers and beverage companies performed less well.
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Article Abstract:
Confidence within the UK bank and building society arena declined markedly during the third quarter of 2000, revealed the Financial Services Survey from the Confederation of British Industry (CBI). The study revealed a major gap between areas within the financial services sector that were pessimistic about the future and those that were upbeat. Banks cited intense competition as a reason for the bleak performance, with 55% revealing they had cut costs since end-1992 by the highest level. Business volumes increased in the fund management and insurance sector and confidence was expressed, while among banks a large number had seen business tail off since March 1992.
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Article Abstract:
Kvaerner, the Anglo-Norwegian engineering reported profits for the first half of the year 2000, of GB[pound] 40mn. The group previously reported losses of GB[pound] 327mn.
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