Tomkins
Article Abstract:
Tomkins acquired Rank Hovis McDougall (RHM) in 1992 and this acquisition has not been especially successful though RHM's operating profit has increased. Gates, which specialises in power transmission belts, and Stant, which supplies windscreen wipers, are seen as acquisitions that offer more opportunities. The executive chairman, Greg Hutchings, is aiming for 15% dividend growth, and the group has a strong capability for generating cash. Stock buy-backs could also bring benefits.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1997
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Daily bread puts spice into Tomkins: Tomkins' acquisition of Ranks Hovis McDougall was considered a deal too far by many. But things are improving at RHM and Tomkins is set to recoveer some of its former zip
Article Abstract:
Tomkins purchase of Ranks Hovis McDougall, a food group, in 1992 was criticised by many analysts, but British Bakeries has held the line on prices against supermarket pressure, and Millings & Baking could lift profits to 45-55 million pounds sterling in 1995. However group results will be affected by the weakening dollar in the second half, as the US represents half of sales and 53% of operating profits.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1995
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Tomkins
Article Abstract:
The performance of Tomkins is examined, with reference to the impact of developments in the US economy.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 2001
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