Eurotunnel is still the pits, say company directors
Monday 02 December 1996
This is the third year running Eurotunnel has languished in the bottom three rankings of the annual survey from Management Today, a specialist magazine. Even the progress on debt rescheduling earlier this year failed to push it higher up the table.
"Eurotunnel is joined in the doghouse by PR disaster-prone British Gas, which fell 38 places to 254th," Charles Skinner, editor of Management Today, said.
The survey is based on the views of the directors of the 10 largest quoted companies in 26 industrial sectors.
Carried out in association with Loughborough University Business School, it asks the directors to rate the companies in their sector on the basis of nine key criteria - quality of management, financial soundness, value as long-term investment, capacity to innovate, quality of marketing, community and environmental responsibility, and the use of corporate assets.
Tesco, the supermarket chain, tops the table as the most admired company, pushing Cadbury Schweppes from the pole position it achieved in 1995.
"The UK's food retailers are the best in the world. Sainsbury's has usually been ahead and Tesco has now broken free of the pack to establish itself as the market leader," Mr Skinner said, pointing to the success of Tesco's loyalty scheme.
In contrast, Kwik Save, caught between superstores such as Tesco and Sainsbury's and the cheaper continental discounters such as Aldi, found itself the least admired company after Eurotunnel.
Last month Kwik Save, run by Graeme Bowler, revealed a plunge in pre- tax profits from pounds 125m to pounds 2.8m. The chain has recently conducted an eight- month review with Andersen Consulting and concluded that it should retain its marketing position as a discount supermarket while moving slightly up-market.
The second most admired company was Burford, a quoted property company run by Nigel Wray. Its shares have more than doubled since the beginning of 1995 and risen fivefold in the past four years.
Deals such as the acquisition of Trocadero, an underperforming leisure site in central London, have helped win it admiration in getting in and out of the property market at the right time, Mr Skinner said.
He said Next, now third in the admiration stakes, had achieved one of the "greatest ever turnarounds" after its disaster status of the late 1980s.
Marks & Spencer, fourth most admired company by its peers, was once again top of the league table in the "free" vote allowed to directors to cast their opinions outside their sector.
Year after year, the same companies rank highly in the table - including M&S, Glaxo Wellcome, SmithKline Beecham and Reuters.
For the first time, a clutch of engineering companies rank highly, according to Mr Skinner.
Spirax Sarco, a Cheltenham-based steam engineering specialist, enters the table for the first time at 9th, despite the slower-than-expected rise in first-half profits it reported in September.
- 1 Saudi preacher who 'raped and tortured' his five -year-old daughter to death is released after paying 'blood money'
- 2 Michelle Obama highlights harsh restrictions faced by Saudi women after meeting King Salman without wearing a headscarf
- 3 Amal Clooney gives excellent answer to fashion question at European Court of Human Rights
- 4 A bottle of wine a day is not bad for you and abstaining is worse than drinking, scientist claims
- 5 Isis publicly behead man in Syrian town square for 'insulting Allah' as he screams for help
Michelle Obama highlights harsh restrictions faced by Saudi women after meeting King Salman without wearing a headscarf
Amal Clooney gives excellent answer to fashion question at European Court of Human Rights
Sir David Attenborough interview: The one question about life that still baffles him
Isis publicly behead man in Syrian town square for 'insulting Allah' as he screams for help
One spelling error costs Companies House up to £9 million after being sued for ruining business
'We would evict Queen from Buckingham Palace and allocate her council house,' say Greens
9 reasons Greece's experiment with the radical left is doomed to failure
Greece elections: Syriza and EU on collision course after election win for left-wing party
British Muslim school children suffering a backlash of abuse following Paris attacks
British grandmother Lindsay Sandiford faces execution by firing squad in Indonesia
Liberal Democrat minister defends comments suggesting immigration causes pub closures
iJobs Money & Business
£23000 - £26000 per annum + Benefits: Ashdown Group: Market Research Executive...
£25000 - £35000 per annum: Recruitment Genius: A Technical Report Writer is re...
Competitive salary & benefits!: MBDA UK Ltd: MBDA UK LTD Indirect Procurement...
£16500 - £16640 per annum: Recruitment Genius: This fast growing Finance compa...