Cosalt gets the right mix
Article Abstract:
Cosalt has performed better than most UK conglomerates since 1994 when the company became profitable again. Cosalt's profit is forecast at 4.45 million pounds sterling by Charterhouse Tilney, which is an upgrade. Cosalt's caravan manufacturing division is performing well and is geared to hi-spec products with better margins. Caravans could be one market that benefits from UK windfall spending in 1997. Crewsaver, a producer of life jackets, has not performed well, affected by the high value of pound sterling, but Crewsaver should perform better over the longer term.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1997
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BTR
Article Abstract:
BTR plans to reduce the number of its subsidiaries to four divisions from seven, having already shed divisions. The company aims to become a focused growth engineer but BTR is afflicted by shrinking margins and the businesses to be sold are not poorer performers than those that are being retained. Only power drives has shown strong annual average profit growth of the four divisions to be kept. The future of BTR will also be affected by the price it receives for the businesses being sold.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1997
User Contributions:
Comment about this article or add new information about this topic:
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