Get in on the ground floor

Article Abstract:

Shares in building group Galliford have slumped following the announcement of profits below the levels anticipated by the stock market. However, the company has the potential to produce benefits for investors. Its performance will be boosted by the revival in the house construction sector, and it is involved in a number of interesting projects. Its financial position is likely to improve from Jun 1999, and profits in 2000 should be close to 6 million pounds sterling.

Comment:

Has reported profit projection of 6 million pounds sterling for 2000

Strategy & planning, Residential Buildings, Residential Building Construction, Personal Investing, Management, Construction industry, Residential construction, Personal finance, Investments, Securities, Galliford PLC

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Stress and strain savage the tiddlers

Article Abstract:

United Kingdom stock prices have dropped, and smaller companies have seen sharper falls in their stock prices, which peaked in May 1998, earlier than larger firms's stock prices. Lack of liquidity is one explanation for smaller firms' stocks performing less well. Manufacturers have also been affected by the high value of pound sterling, and manufacturers tend to be smaller firms. Engineers account for only 2.6% of the FTSE 100 index, while banks account for 18.78%.

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And the closing Footsie number will be...

Article Abstract:

It is widely recognized that stock market conditions will be very unstable in the UK in 1999. For this reason, forecasts for the level of the FTSE index at the end of 1999 vary considerably. HSBC has issued the most optimistic forecast, at 6,800 points, while Chase Manhattan is more cautious, at 5,400. Most forecasts are above 6,000, and it is widely expected that the 21st century will begin with the FTSE index at 6,250.

Forecasts, trends, outlooks, Securities prices, Forecasts and trends, Financial Times Stock Exchange 100 Index (Index)

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