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Economic situation (extract from Practical Financial English)

English for financial specialists

Upper-Intermediate

1. TASK: Insert the appropriate word in the text below:

affected  -  concentrate  -  executives   -  hospitality 
hotel   -  chain  -  lighten  -  ratio   -  solution 

…Today on our radio programme, I'll be discussing changes in the ____________ industry, and what one local ____________ is doing about it.
The strong economy means more tourists than ever are coming to New Port City, which should be good news for our hotels. But ____________ in the hotel industry say that problems in the property market have ____________ their ability to do business. The Eaton Group, the owners of five hotels in the New Port City area, have decided to sell their properties and ____________ on their core business, operating the hotels. Darren Eaton, the CEO of the Eaton Group, says selling their property and focusing on managing the hotels will help ____________ their balance sheets while raising capital, which he says is the best ____________ for the long run. Eaton has said the main financial goal for the coming year is to reduce their debt to improve their debt-to-equity ____________.

2. CHECK YOUR SPEAKING

 

hospitality

ˌhɔspɪˈtælətɪ

гостеприимность, гостеприимство

hotel chain

həʊˈtel ˈtʃein

сеть гостиниц

executive

ɪgˈzekjutɪv

должностное лицо, руководитель

to affect

tə əˈfekt

влиять

to concentrate on

təˈkɔnsənˌtreɪt ˈɔn

сконцентрироваться на

core business

ˈkɔ: ˈbɪznəs

центральный, основной бизнес

to focus on

təˈfəʊkəs ˈɔn

сфокусироваться на

to lighten the balance sheet

təˈlaɪtən ðəˈbæləns ˈʃi:t

уменьшить валюту баланса

to raise capital

tə reɪz ˈkæpɪtəl

привлечь капитал

solution

səˈlu:ʃən

решение

for the long run

fɔ: ðəˈlɔŋ ˈrʌn

на длительную переспективу

to improve

tə ɪmˈpru:v

улучшить

equity

ˈekwɪti

капитал

ratio

ˈreɪʃɪəu

коэффициент

 

Choose the correct variant:

1. According to executives in the hotel industry, what is one effect of the strong economy?

·         An overall increase in tourism

·         More companies can reduce their debt

2. What do executives in the hospitality industry say is hurting their business?

·         Problems in the hotel industry

·         Problems in the property market

3. How are the Eaton Group going to ‘concentrate on their core business’?

·         Sell their properties to another business and focus on operating the hotels

·         Focus on raising capital

4. Which sentence below do you think the CEO of the Eaton Group would agree with?

·         The Eaton Group needs more assets

·         The Eaton Group needs more capital

5. What does Darren Eaton say is his company’s main financial goal for the coming year?

·         A lighter balance sheet and improving the profitability ratio

·         Less debt and improving the debt-to-equity ratio.

 


 3. SEE CORRECT ANSWER

[ Див. вірну відповідь ]

ANSWERS:

…Today on our radio programme, I'll be discussing changes in the hospitality industry, and what one local hotel chain is doing about it.

The strong economy means more tourists than ever are coming to New Port City, which should be good news for our hotels. But executives in the hotel industry say that problems in the property market have affected their ability to do business. The Eaton Group, the owners of five hotels in the New Port City area, have decided to sell their properties and concentrate on their core business, operating the hotels. Darren Eaton, the CEO of the Eaton Group, says selling their property and focusing on managing the hotels will help lighten their balance sheets while raising capital, which he says is the best solution for the long run. Eaton has said the main financial goal for the coming year is to reduce their debt to improve their debt-to-equity ratio.

 

1. According to executives in the hotel industry, what is one effect of the strong economy?

• An overall increase in tourism (The strong economy means more tourists than ever are coming to New Port City)

• More companies can reduce their debt

2. What do executives in the hospitality industry say is hurting their business?

• Problems in the hotel industry

• Problems in the property market (that problems in the property market have affected their ability to do business)

3. How are the Eaton Group going to ‘concentrate on their core business’?

• Sell their properties to another business and focus on operating the hotels (The Eaton Group, the owners of five hotels in the New Port City area, have decided to sell their properties and concentrate on their core business, operating the hotels.)

• Focus on raising capital

4. Which sentence below do you think the CEO of the Eaton Group would agree with?

• The Eaton Group needs more assets

• The Eaton Group needs more capital (selling their property and focusing on managing the hotels will help lighten their balance sheets while raising capital, which he says is the best solution for the long run)

5. What does Darren Eaton say is his company’s main financial goal for the coming year?

• A lighter balance sheet and improving the profitability ratio

• Less debt and improving the debt-to-equity ratio (to reduce their debt to improve their debt-to-equity ratio).


 

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«Дебет-Кредит»
Рубрика:
«Дебет-Кредит» / Новини партнерів
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financial english

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