Word: ferranti
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Dates: during 1970-1979
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...Bank of England report last week cited some of the weaknesses that plague British corporations and could trigger a rash of bankruptcies: chronically low profit margins, diminished cash flow and tight money. Just as the bank's report appeared, London's financial community learned that Ferranti, a leading electronics and defense contractor, could not meet its obligations and had exhausted its lines of credit. Financiers in the City immediately began to worry about which company would be next...
...dollar sales were about the same in 1968, but only because of higher prices. None-theless, their big sale doesn't start for a couple of weeks. But you can get a pair of bright red boots now for $10 off. (Reduced from $40-figure it out.) Next door, Ferranti-Dege is offering half-off on fresh Gevart-Agfa photographic paper-500 8x10 sheets only...