Chaotic financial markets in the Far East have dented the world air-conditioning market, reports the Building Services Research and Information Association. Global market value is expected to drop 7 per cent to £30.8 billion. But some parts of the world are seeing a boom with the market in India expected to grow 15 per cent.
In the first year since privatisation, bre's income has risen 48 per cent compared to the previous year. It made an operating profit of £2.5 million on turnover of £36.2 million in 1997/8, although after interest and restructuring costs this becomes a net loss of £4.1 million.
The biggest 'pub' in the world, the 21st Great British Beer Festival at London's Olympia, aims to sell over 250,000 pints, enough to fill 1250 baths, to 45,000 visitors over four days, or 1.6 pints a second. The event, from 4-8 August, will include 300 British real ales, 40 ciders and 200 foreign beers. A quarter of festival-goers are women. If it was moved to Calais, the organiser would save £65,000 in tax.
The Millennium Dome and associated infrastructure cost £73.8 million, the New Millennium Experience Company states in its first financial report. Set-up, staff, it and legal costs were £8.1 million, £3.6 million has been spent on exhibits and attractions development, £2.9 million on commercial, communications and marketing, and £1.3 million on uk Challenge, Learning Experience and the Millennium Festival. Total expenditure to March was £89.7 million.
. ep undertook a development programme of £315 million (excluding work at the Greenwich Peninsula) during the year to 31 March 1998, creating 29,000 jobs, attracting £767 million of private finance, facilitating construction of 7540 housing units and 860,000m2 of commercial and industrial floorspace. It also regenerated 1350ha of vacant, derelict and contaminated land.
. English Partnerships' chief executive Anthony Dunnett was paid £140,000 in 1998, including a bonus of £16,000 and £6000 of benefits (company car). In 1997 the job paid £71,000.