High-flying service
Article Abstract:
Firth acquired Airinmar in 1996, and moved into helping airlines to repair parts, an activity with growth potential and based on information technology. The business is unique and is developing its own market, with a rise in turnover growth of almost threefold over three years. The growth has involved costs, which has affected profits. The company is also involved in specialist steel products. The management may wish to separate the two businesses. Market conditions may prevent a demerger or sale of the steel business, but it could be exchanged for a stake in a larger company. Firth's profit is likely to be stable at 1 million pounds sterling for 1998, with a rise of over 100% for 1999, according to Beeson Gregory.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1998
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Fit and healthy
Article Abstract:
Severfield-Reeve is a UK structural steel company which has invested in new palnt and is seeing a rise in profit margins with the UK economic recovery. The company held a rights issue during 1993, and is seeking to progress to the main stock market from the unlisted securities market. The company's pre-tex profit is forecast at 1.5 million pounds sterling for 1995 by Hoare Govett, and Severfield-Reeve shares are recommended for investors in April 1995.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1995
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The only way is down for British Steel
Article Abstract:
British Steel has met resitance to a price rise in July 1995 and the peak of the cycle for the steel industry may have been reached. The company has benefited from a rise in the value of the German mark, and a drop in the value of the US dollar has cut costs of scrap and iron ore. These currency conditions are reversing in 1995. The company is well place to combat a downturn since British Steel became more efficient in the early 1990s recession.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1995
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