Norcros: dog days are over

Article Abstract:

Norcros expanded during the 1980s and was hit by recession in the construction industry in the 1990s. The company has had to reorganize and carry out disposals and is left with a shower and tiles business which should benefit from a recovery in the UK housing market which is likely to mean more is spent on bathrooms. The company plans to sell its printing and packaging activities. Norcros' profit is forecast at 12.5 million pounds sterling for 1996 rising to 18 million pounds for 1997, according to NatWest Securities.

Other Structural Clay Product Manufacturing, Structural clay products, not elsewhere classified, Metal sanitary ware, Vitrified Tiles, Metal Bathtubs, Enameled Iron and Metal Sanitary Ware Manufacturing, Tiles, Structural clay products, Ceramic industry, Bathtubs, Metal plumbing fixtures, Norcros PLC

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Heritage Bathrooms: making a splash

Article Abstract:

Heritage Bathrooms has seen a rise in its share price since a flotation was carried out in 1995. The company is geared to the luxury end of the market and this is less sensitive to prices. Heritage specialises in traditional-style bathrooms and deal with specialist retailers. The company's sales have increased despite changes in the condition of the UK housing market. The company is also carrying out vertical integration by buying producers of pottery and bathroom furniture.

Bath & Shower Fittings, Bath fittings, Heritage Bathrooms

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Delta

Article Abstract:

Delta is a UK producer of plumbing and electrical components which saw its dividend boosted by foreign income tax treatment in 1995. The company has closed down its commodity operations in cables. The engineering division has performed well, as have various service and distribution businesses in Australia and South Africa. The company's pre-tax profit is forecast at 75 million pounds sterling for 1996 by Smith New Court, and its shares appear fairly priced in Mar 1996.

Plumbing Fittings, Delta PLC

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