Kvaerner bid throws Trafs a lifeline
Article Abstract:
Kvaerner has made an agreed offer for Trafalgar House which has led to a rise in Trafalgar's share price of 20%. The bid has to be cleared by competition authorities in the European Union (EU) and will not be unconditional at least until April 1996. Kvaerner is interested in Trafalgar's construction and engineering activities, and Cunard is likely to be disposed of if the deal goes ahead. Shareholders are faced with a wait and a possible disappointment in terms of bad financial news from Trafalgar House, so they may be better off selling before the deal is agreed.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1996
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Philipp Holzmann: developments turn ugly
Article Abstract:
Philipp Holzmann will report a loss for 1995 and there will be no dividend. The company's auditors have located losses which had not been anticipated. Charges of 460 million German marks will be included in the 1995 figures, giving a 360 million mark net loss. Surprise has been expressed by some analysts over the company's lack of awareness that projects had been valued too highly. The company is seeking to retain its independent while Hochtief, a rival, is accumulating a stake in Holzmann.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1996
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Alfred McAlpine
Article Abstract:
UK firm Alfred McAlpine could reap large benefits from its new focus on construction, and its shares are currently seen as a 'buy'. The firm is to withdraw from the housebuilding sector and is concentrating on both traditional and non-traditional construction contracts.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 2001
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