Inspec shares become a commodity
Article Abstract:
Inspec carried out a flotation in 1994 when it described itself as a specialty chemicals concern. The company has since acquired two commodity chemicals businesses from BP which account for half of Inspec's profit. Inspec's specialty chemicals include hydroxy monomers used for producing coatings for automobiles. The company is vulnerable to changes in the commodity chemicals market because it is not a large firm, unlike ICI which is in a stronger position because of its size.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1996
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Hercules limps away
Article Abstract:
US concern Hercules has stated that it is no longer willing to compete with Ciba Speciality Chemicals to gain control of speciality chemicals concern Allied Colloids. Ciba is now making a 205p per share offer, more than double Allied Colloids' share price in Nov 1997. Some observers believe that this offer is excessive. There are rumours that another US chemicals concern is raising funds to fight for Allied Colloids, and the battle could therefore continue.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1998
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Hickson's no longer a laughing stock
Article Abstract:
Hickson International has been recovering following the appointment of chief executive, David Wilbraham, in 1996. The company was hit by an explosion at a subsidiary which resulted in the deaths of five people. The loss of a contract with Unilever added to Hickson's problems, and the company increased debt and losses. Net debt peaked in Nov 1995 and has since been reduced, helped by disposals, while underlying earnings per share have also improved.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1997
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