Hays: sure footing in Europe

Article Abstract:

Hays is a UK company specialising in personnel, office services and distribution. The company has implanted its distribution activities in Europe successfully and has made good choices in acquisitions which will contribute to profits in 1995. Distribution accounts for 53% of Hays' operating profit, and office support services for 29%. Hays pre-tax profit is forecast at 107 million pounds sterling for the 12 months to Jun 1995 by BZW, and the company's shares are recommended for investors in Jan 1995.

Employment Placement Agencies, Help supply services, General warehousing and storage, General Goods Warehousing, Office Service Temporaries, Warehousing, Hays PLC, Office workers, Temporary office employees

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Jones & Shipman: let the good times roll: Jones & Shipman's share prices fails to discount the group's tremendous recovery appeal. Swelling order books and a strong competitive footing will allow the company to rebound solidly into the black this year

Article Abstract:

Jones & Shipman (J&S) a machine tool designer and maker, has reported a pre-tax loss in its latest results and shares have been marked down 2 pence to 33 pence. However the company predicts a return to profit in the current year and shares should recover. The company has undergone major restructuring and it now concentrates on precision grinding and honing machine tools. It has seen an improvement in market demand and significant markets include North America, South Korea, and France.

Machine Tools, Metalworking Machinery Manufacturing, Finance, Tool industry, Jones and Shipman PLC

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Pex: improved footing

Article Abstract:

Pex produces children's socks and has aggregate losses of over 8 million pounds sterling for the five years to 1996. The company is expanding and has restructured. Pex ranks first in the UK market for children's socks and holds 18% of the market. Investment in capacity should improve reliability of supply by removing constraints. The company has debts of 2.2 million pounds sterling and could improve its margins. Pex's profit is forecast at 480,000 pounds sterling for 1996.

Hosiery, not elsewhere classified, Anklets & Knee Socks ex Men's, Other Hosiery and Sock Mills, Clothing industry, Socks, Pex

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