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Latest News

UK firms in top 15 wealth creators

by Personnel Today 17 May 2002
by Personnel Today 17 May 2002

There
are five UK companies among Europe’s top 15 wealth creators according to new
league tables published by the DTI.

Shell,
BP, HSBC, GlaxosmithKline and BT are all in the top 15 and a total of 24 UK
organisations are included in the top 100 on the DTI’s Value Added Scoreboard.

Trade
and Industry Secretary Patricia Hewitt said: "Today’s value added
scoreboard shows that where companies invest in plant, in skills training, in
R&D and in fresh and innovative products, they can compete successfully
against the best in the world."

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The
scoreboard measures wealth as value added – sales less the cost of bought-in
materials, components and services. The value added figure represents the
wealth created to pay employees and shareholders, invest in future success and
pay taxes for investment in public services.

By Ben Willmott

Personnel Today

Personnel Today articles are written by an expert team of award-winning journalists who have been covering HR and L&D for many years. Some of our content is attributed to "Personnel Today" for a number of reasons, including: when numerous authors are associated with writing or editing a piece; or when the author is unknown (particularly for older articles).

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Personnel Today
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