Menu
14/04/2003
UK's companies top European wealth-creation list
Government figures released today have shown that the UK is leading Europe in a list of top wealth-creating companies.
The Department of Trade and Industry's 2003 Value Added Scoreboard published today has revealed that, despite "difficult economic conditions", 56 out of the top 100 UK companies successfully increased their wealth compared to 48 of the top 100 European companies.
Trade and Industry Secretary Patricia Hewitt said: "There is little doubt that companies in Britain and across Europe face tough times, but the fact that British companies continue to dominate this important list offers some comfort
"The figures shows that the most successful companies are the ones who are investing heavily in R&D and capital equipment."
The Value Added Scoreboard ranks companies by value added, and also gives details of sales, profits, productivity and efficiency, cost of funds and investment in R&D and Capex. It has been expanded this year to cover the top 600 European companies by value added and the top 800 from the UK, all classified by FTSE sector.
The UK was found to have more companies - just under 30% - than any other country listed in a new league table of Europe's top 600 wealth creating companies.
The findings of the Scoreboard indicate that last year was difficult for companies in Europe, with operating profits for the European 600 (178 of which were from the UK) falling by an average of 35%.
Of the companies that managed to generate above sector average value added given the resources of labour and equipment used, 70% shared a common characteristic - investment in the future – with above average R&D investment intensity or capital equipment backing up each employee or both.
(GMcG)
The Department of Trade and Industry's 2003 Value Added Scoreboard published today has revealed that, despite "difficult economic conditions", 56 out of the top 100 UK companies successfully increased their wealth compared to 48 of the top 100 European companies.
Trade and Industry Secretary Patricia Hewitt said: "There is little doubt that companies in Britain and across Europe face tough times, but the fact that British companies continue to dominate this important list offers some comfort
"The figures shows that the most successful companies are the ones who are investing heavily in R&D and capital equipment."
The Value Added Scoreboard ranks companies by value added, and also gives details of sales, profits, productivity and efficiency, cost of funds and investment in R&D and Capex. It has been expanded this year to cover the top 600 European companies by value added and the top 800 from the UK, all classified by FTSE sector.
The UK was found to have more companies - just under 30% - than any other country listed in a new league table of Europe's top 600 wealth creating companies.
The findings of the Scoreboard indicate that last year was difficult for companies in Europe, with operating profits for the European 600 (178 of which were from the UK) falling by an average of 35%.
Of the companies that managed to generate above sector average value added given the resources of labour and equipment used, 70% shared a common characteristic - investment in the future – with above average R&D investment intensity or capital equipment backing up each employee or both.
(GMcG)
Related UK National News Stories
Click here for the latest headlines.
05 April 2004
UK businesses lead Europe in wealth creation: DTI figures
British companies are creating wealth faster than businesses in the rest of Europe, according to government figures released today. The 2004 'value added scoreboard', published today by the Department of Trade and Industry (DTI), lists the wealth created by the top 600 European and top 800 UK companies.
UK businesses lead Europe in wealth creation: DTI figures
British companies are creating wealth faster than businesses in the rest of Europe, according to government figures released today. The 2004 'value added scoreboard', published today by the Department of Trade and Industry (DTI), lists the wealth created by the top 600 European and top 800 UK companies.
25 June 2003
Software sets about corporate 'bull'
The days of management double-speak – of boardroom pledges to provide "repurposeable, value added knowledge capital", and corporate reports offering "robust, leveragable mindshare solutions delivery" – could be numbered.
Software sets about corporate 'bull'
The days of management double-speak – of boardroom pledges to provide "repurposeable, value added knowledge capital", and corporate reports offering "robust, leveragable mindshare solutions delivery" – could be numbered.
24 February 2015
UK Companies Named For Not Paying Minimum Wage
Seventy companies across the UK have been named by the government for failing to pay the minimum wage. It is the latest list of firms to be named since the new rules were introduced in 2013, in an effort to "shame" companies into complying. Not paying staff the minimum wage for people over 21 - £6.
UK Companies Named For Not Paying Minimum Wage
Seventy companies across the UK have been named by the government for failing to pay the minimum wage. It is the latest list of firms to be named since the new rules were introduced in 2013, in an effort to "shame" companies into complying. Not paying staff the minimum wage for people over 21 - £6.
11 May 2004
Chinese and UK companies sign billion-dollar trade deals
British companies BP, Shell, Kingfisher and B&Q (China) have today announced their new joint ventures in China with a total value of over US$1.5 billion.
Chinese and UK companies sign billion-dollar trade deals
British companies BP, Shell, Kingfisher and B&Q (China) have today announced their new joint ventures in China with a total value of over US$1.5 billion.
11 July 2003
UK companies benefit from Eureka funding
Thirty-six UK companies involved in 17 research projects are set to benefit from multi-million pound funding through their involvement in Eureka – the Europe-wide, government-funded technology initiative.
UK companies benefit from Eureka funding
Thirty-six UK companies involved in 17 research projects are set to benefit from multi-million pound funding through their involvement in Eureka – the Europe-wide, government-funded technology initiative.
-
Northern Ireland WeatherToday:After a dry start this morning rain will spread from the northwest across all parts. This afternoon will be dull with some patchy rain and drizzle. Becoming much milder through the afternoon. Maximum temperature 11 °C.Tonight:A cloudy evening and night with a little light rain or drizzle, perhaps some clear periods developing along the east coast. A very mild night everywhere. Minimum temperature 10 °C.
