Definition of Asset Stripping. Asset stripping refers to people selling off parts of a company to raise money. Asset stripping is often thought of in a negative way. For example, an under-performing company may be bought by private equity investors. They sell of the profitable aspects of a business and then close down the rest, …
The mobile phone market is a good example of how to explain some basic concepts of supply and demand. For example, it shows how improved technology and increased supply – can reduce price, even as demand rises. According to Evalueserve – Nokia, one of the world’s largest mobile manufacturer, recorded an approximately 39 per cent …
Directors of big multinationals such as Amazon, Google and Starbucks received a challenging investigation by MPs annoyed that big multinationals are avoiding paying corporation tax. An Amazon director was described as being ‘deliberately evasive’ and being unacceptably ignorant of who owned the Luxembourg based Amazon company – used to avoid UK tax. According to Conservative …
The UK construction sector remains largely depressed with construction volumes still below pre-recession levels. In headline figures produced by the ONS, the estimated level of the total volume of construction output in the third quarter of 2012 was the lowest since the second quarter of 1999. The construction sector is one of the most volatile …
Apart from economics my big interest is in cycling. This weekend, I’m doing the UK national hill climb championships, a short race up a steep hill in Ramsbottom (the Rake). First prize is a nice cloth cotton cap and a pat on the back. It is unlikely there will be any dope tests (though there …
The amount of UK retail sales increased by 2.5% in the 12 months from September 2011 to September 2012. This measure includes the amount (quantity) of goods in all retailing, seasonally adjusted. The amount spent (value of goods) increased by 3.2% Annual store price inflation was estimated to be 0.7 %. This suggests that the …
A takeover of Gala casinos by Rank casino has been referred to the competition commission because it would create a firm with 44% market share.
This is an article published in the LSE about the Austrian view of the Eurozone crisis ‘The Work of Hayek shows why EU governments can’t spend their way out of problems‘ I’ve attempted to summarise the article, but I advise reading it for yourself: The recent boom and bust was caused by artificially low interest …