Look back in disbelief
Article Abstract:
SmithKline Beecham's LYMErix should add up to $500 mill a year of new revenue by 2005. The company also over 50 other medicines in various stages of clinical trial, some of which are potentially much bigger than LYMErix. However the company only added 8% to pharmaceutical sales in 1998, and analysts in 1996 believed SKB would make around 25p of earnings in 1998, whereas the figure was 20.3p, from which is deducted the 9.3p exceptional loss on the sale of DPS. SKB's share price was 344p in 1996, but it is currently over 800p.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1999
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Magnolia: back in the frame
Article Abstract:
Magnolia is a UK producer of picture frames which hasseen a drop in its share price following a profits warning. The company also imports frames fromoutside the UK. Magnolia has been affected by a slow moving UK housing market. Thecompany reported a pre-tax loss of 2.4 million pounds sterling for its operations in Ireland andthe UK for 1994. Costs will be reduced by bringing two operations into a single site. Thecompany's non-UK sales are performing well, and borrowing should be reduced by real estatesales.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1995
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BG joins the party with mega buy-back
Article Abstract:
BG plans a stock buy-back which the company argues is geared to cutting capital costs for Transco, BG's distribution division. BG's profit could be reduced by 20% if proposals by the Monopolies and Mergers Commission are accepted. BG is to reduce staff levels by 2,500 jobs. The stock buy-back will be put to stockholders for approval in Oct 1997 and it is scheduled to be carried out in Nov 1997. Not all analysts see the buyback as related to reducing costs.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1997
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