Sunday Express - Sun 23 Dec 2001 - Page 72

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Struggle to achieve profits in year racked by turmoil

500 SR PHARMA REFLECTIONS AND PREDICTIONS September as a host of companies were booted out of the FTSE 100. The first shock was the collapse of Independent Insurance as its party-loving founder Michael Bright went from hero to disgraced bankrupt in months. Four reinsurance contracts apparently arranged by him were not as valuable as claimed.

AKEOVER battles, collapses of spectacular proportions and rollercoaster share prices - 2001 has had the lot in a year many would rather forget. Vodafone shares went into freefall too, and Cable & Wireless had to axe 4,000 jobs, its shares later losing onefifth of their value. The telecoms crunch came in 300 250 200 150 100 50 0 SUPERSCAPE D J FMA M J J A SO N D INVESTORS in software group Superscape saw their shares crash from nearly 250p to a low of 18mp. A partnership with a major player in the wireless sector is also expected soon, which should open up lucrative revenue streams. IN A tough year for fashion retailers, High Street chain Next has managed to outstrip the competition and strengthen its grip on the middle market.

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