Booker
Article Abstract:
Booker has issued a profit warning and has a large amount of debt, which means that non-core businesses have to be sold to reduce the company's debt level. The company estimates its pre-tax profit as 22 million pounds sterling for 1998, excluding exceptionals. This will give insufficient interest cover. Chief executive, Stuart Rose, aims to focus on Booker's cash and cash business, and the catering supplies side could be sold. Disposals may not raise as much as expected since these are forced sales.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1998
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S Daniels: full of juice
Article Abstract:
S Daniels is a food distributor which has reported losses over ten years, but has changed direction since 1995. The company has moved out of the dried fruit business and made two new acquisitions that dovetail with its existing operations. They are Johnsons Fresh Products, a fruit juice distributor, and Brash, a distributor of coffee and tea. Further acquisitions are likely. The company's pre-tax profit is forecast at 400,000 pounds sterling for 1996 by Beeson Gregory.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1996
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A feast to come?
Article Abstract:
John Lusty distributes branded foods to independents and major retailers. Trustin Foods is at the heart of the business and distributes brands such as Bonne Maman jam and San Pellegrino mineral water. Independent retailers offer test beds for offerings that could appeal to the big multiples which account for 70% of John Lusty's turnover and 20% of the product lines. John Lusty's profit is forecast at 1.9 million pounds sterling for 1997 to 1998 by Beeson Gregory.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1997
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