UK riots: Jaguar Land Rover boss joins chorus of business concern

[nadinbrzezinski]

The chief executive of Jaguar Land Rover has added his voice to business concerns over the London riots amid fears that the images of Britain flashed across the world this week could damage confidence for inward investors.

Ralf Speth was quoted as saying that he was alarmed by "some of the pictures", adding that he had not expected to see riots in the UK.

Jaguar Land Rover's owner, Tata, is a major investor in the UK and one of the country's biggest manufacturing employers.

Jaguar Land Rover reported sales growth of 4.9% for the quarter to the end of June, with strong growth in China and Russia in particular. Revenues were £2.7bn, while profits before tax were £248m, up from £239m for the same period the previous year. It also said it intended to turn increasingly to India for car parts and other components.

http://www.guardian.co.uk/business/2011/aug/11/jaguar-boss-concerned-by-riots?CMP=twt_fd

I understand the concerns, investors tend to move away from unstable areas, whether it is perception or reality is another matter.

Necessary disclaimer, getting it does not mean one condones it.

[Rosa Luxemburg]

1. riots don't stop them investing in Iraq and Afghanistan though?

[nadinbrzezinski]

2. I don't think Jaguar has opened a factory

in Balad though.

THey do sell a few Land Rovers though...

[Rosa Luxemburg]

3. I think he was talking in general not just for his own company?

[nadinbrzezinski]

4. Yes but the companies that have

are tied to the defense establishment, mostly. (ANd yes mining in Afghanistan by the Chinese)

[Rosa Luxemburg]

5. but KFC

I agree many are still tied to defense but nation building needs fast foods?


Interesting to see: 5. HSBC £36.88m
HSBC is the third biggest financial institution in the world. Has bought 70 per cent of a recently established Iraqi bank, Dar es Salaam Investment Bank, which has assets of $91.1m. HSBC's share is therefore £36,881,225. Its profit from Middle East business rose 25%.



http://www.dinarindex.com/#/companies-in-iraq/4516067995