Britain's network of canals is returning to its former glory. The revamped network has recouped a record income of £224 million for reinvestment in further improvements, an increase of 14 per cent on last year, says a report from British Waterways.
lnward investment into the UK has fallen in the wake of the global economic slowdown.Foreign investment into the UK created 34,087 new jobs in 2001-02, compared with 71,488 in 2000-01, a drop of 52 per cent (source Invest.UK).
Crown Estates'profits rose 10.6 per cent to £163 million in the year ending 31 March 2002.
Meanwhile, the total value of the group's portfolio increased by 4.4 per cent to £4.3 billion.However, chief executive Roger Bright warned that he expected next year's profit growth to slow.