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Presents information on the British train system which is run mostly by private owners. Improvement in service after one year's privatization; Close scrutiny of system by governments elsewhere; Views of critics of system; How system has positively affected stockholders; Stock performance of companies bidding for franchises to operate trains; Detailed information on issue.

Reports on the steps taken by chief executive officer of Cable & Wireless PLC, Richard Brown, in reorganizing the company. Background information on Brown; Effects of Brown's strategies on the company's stock prices; Detailed information on the reorganization of the company. INSET: New era at Cable & Wireless..