No more tomorrows
Article Abstract:
Roxspur is undergoing a recovery following a rescue rights issue in 1996. The company encountered problems following the acquisition of Wills, a rival, in 1995. Margins have also been improved cash strong cash flow has allowed Roxspur to reduce its debt level. The problems at Wills have been tackled, partly through closing down sites, and this has allowed more attention to be paid to boosting sales. The company's profit is forecast at 2.2 million pounds sterling for 1997 and 2.8 million pounds for 1998 by Peel Hunt.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1997
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Staveley Industries
Article Abstract:
Staveley Industries has carried out a two year restructuring process and the company's total restructuring charge has reached nearly 12 million pounds sterling. The Chronos Richardson plant was relocated to Nottingham, England from Germany and the cost of this move was 2 million pounds more than budgeted. The company's maintenance activities have performed well with an increase in profit of over 100% to 5 million pounds sterling. There was a 20% underlying increase as well as a contribution from an acquisition.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1996
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Measuring success
Article Abstract:
Servomex produces industrial instrumentation and would have performed exceptionally well in 1997 except for the high value of pound sterling. The company's core business is gas analysers, and operating margins are good. The other two businesses are likely to provide more growth, and they are instruments for locating cable faults, and water monitoring equipment. Servomex could achieve a profit of 3.8 million pounds sterling in 1998, according to Charterhouse Tilney.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1998
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