The outsider
Article Abstract:
Tomkins, which has a wide range of activities including food, components and engineering, has seen strong financial performance since Chmn Greg Hutchings joined the company in 1983. However, its share price has failed to reflect this. The low share price mainly reflects the fact that conglomerates have fallen from favour among investors. In particular, the stock market did not like the purchase by Tomkins of bread, cakes and grocery group Rank Hovis McDougall in 1992. Tomkins has sold more than 20 businesses since 1997, and is now focusing on food manufacturing, industrial and automotive engineering and construction components.
Comment:
Has reported strong financial performance under its chairman, Greg Hutchings
Publication Name: The Independent
Subject: Retail industry
ISSN: 0951-9467
Year: 1999
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When the great and good are hard to find
Article Abstract:
British people have traditionally been very tolerant of patronage, accepting that key public appointments could remain the domain of the aristocracy, politicians and the church. In recent decades many areas of patronage have been reduced, but there were still numerous opportunities to reward political friends in areas such as education and the health service. However, there is now growing public concern about public standards and accountability.
Publication Name: The Independent
Subject: Retail industry
ISSN: 0951-9467
Year: 1995
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Control freaks or trust in people?
Article Abstract:
US-based international conglomerate ITT has been considerably hampered by paying excessive attention to financial controls. Top managers believed that the company must be subject to very strict financial monitoring, which overshadowed the human element and prevented the company from building on its very wide commercial base. This situation could now change as the company is split up into three parts.
Publication Name: The Independent
Subject: Retail industry
ISSN: 0951-9467
Year: 1995
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