Menu
05/04/2004
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. It shows that 'value added' by the top UK companies has increased by 4%, compared to a European increase of 1%.
The UK also has the highest number of companies in the top 600 businesses in Europe with 165; Germany has 89 and France 83.
The wealth created by a company, measured as value added, is defined as sales less the cost of bought-in materials, components and services. The scoreboard ranks companies by their value added, and also gives details of areas like sales, profits and productivity.
Trade and Industry Secretary Patricia Hewitt said the scoreboard highlighted the "importance of investment" in areas like research and development.
"These results show the UK's strong position in Europe, and are very encouraging. Efficient wealth creation and re-investment by business is vital to the continued growth of the UK economy and our future prosperity," she said.
As a group, the 'value added' for the 165 UK companies in the European 600 increased by 5%. The 89 German companies increased their value added by 1% and the 'value added' for the 83 French companies dropped by 1%.
(gmcg)
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. It shows that 'value added' by the top UK companies has increased by 4%, compared to a European increase of 1%.
The UK also has the highest number of companies in the top 600 businesses in Europe with 165; Germany has 89 and France 83.
The wealth created by a company, measured as value added, is defined as sales less the cost of bought-in materials, components and services. The scoreboard ranks companies by their value added, and also gives details of areas like sales, profits and productivity.
Trade and Industry Secretary Patricia Hewitt said the scoreboard highlighted the "importance of investment" in areas like research and development.
"These results show the UK's strong position in Europe, and are very encouraging. Efficient wealth creation and re-investment by business is vital to the continued growth of the UK economy and our future prosperity," she said.
As a group, the 'value added' for the 165 UK companies in the European 600 increased by 5%. The 89 German companies increased their value added by 1% and the 'value added' for the 83 French companies dropped by 1%.
(gmcg)
Related UK National News Stories
Click here for the latest headlines.
14 April 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.
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.
03 March 2014
Sony To Create 26 Jobs In Wales
Sony is to create 26 new jobs at its manufacturing base in Bridgend, Wales. In a statement, the firm said the roles would be on the production line and at its UK Technology Centre (UKTEC) in Pencoed.
Sony To Create 26 Jobs In Wales
Sony is to create 26 new jobs at its manufacturing base in Bridgend, Wales. In a statement, the firm said the roles would be on the production line and at its UK Technology Centre (UKTEC) in Pencoed.
05 April 2012
Talks Over Fuel Tank Driver Strike Resume
Talks, which will aim to try and stop a possible strike by fuel tank drivers, have resumed. Officials from the Unite union and seven distribution companies met under the chairmanship of the conciliation service yesterday. During the talks they were trying to reach a deal over drivers' terms and conditions and other issues such as health and safety.
Talks Over Fuel Tank Driver Strike Resume
Talks, which will aim to try and stop a possible strike by fuel tank drivers, have resumed. Officials from the Unite union and seven distribution companies met under the chairmanship of the conciliation service yesterday. During the talks they were trying to reach a deal over drivers' terms and conditions and other issues such as health and safety.
30 July 2009
Government Action To Tackle Road Works Disruption
A package of measures to tackle disruption caused by road works was announced by Transport Minister Sadiq Khan today as he approved the country's first ever road works permit scheme.
Government Action To Tackle Road Works Disruption
A package of measures to tackle disruption caused by road works was announced by Transport Minister Sadiq Khan today as he approved the country's first ever road works permit scheme.
20 November 2008
Chancellor's Aid For Small Businesses
A raft of new measures to support small firms, across the UK, to secure loans will be unveiled by the Chancellor next week, the Financial Times has reported. Mr Darling will aim to help ailing companies gain finance and insurance against the backdrop of a wider economic slowdown, the FT said.
Chancellor's Aid For Small Businesses
A raft of new measures to support small firms, across the UK, to secure loans will be unveiled by the Chancellor next week, the Financial Times has reported. Mr Darling will aim to help ailing companies gain finance and insurance against the backdrop of a wider economic slowdown, the FT said.
-
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.
