UK: GOLDSHIELD TO MOVE INTO N.AMERICAN MARKET

Article Abstract:

Consumer healthcare business, Goldshield, is pushing for a role in North America and Canada, possibly through acquisitive measures. Restructuring has taken place in order for the company to prepare. Mr Ajit Patel is to become executive chairman, Kirti Patel will become chief operating officer and Rakesh Patel and Ajay Patel will continue in their roles as finance directors. Mr Ajit Patel will take a GB[pound] 35,00 increase in pay for his new role, which will up his salary to GB[pound] 270,000. Mr Patel maintains that each of the men have more money than they need and that this rise is not about the money. Another non-executive member will be introduced into the company within the next eighteen months. Table: Goldshield Figures in GB[pound] mn Current Previous/Change Sales 52.5 52% Pre-tax Profits 9.4 68%

Goldshield

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Merger mania won't go away

Article Abstract:

It is likely that significant developments will take place in 1999 in utilities, retail, information technology, telecommunications, pharmaceuticals and defence in the UK. Defence and aerospace companies will be under strong pressure to consolidate, and there could also be merger activity among medium-sized pharmaceuticals companies. The utilities sector could see some unexpected moves, while information technology companies will be under pressure to prove that they can manage their growth. The retail sector could enjoy a revival, while the telecommunications sector will be dominated by consolidation, regulation and new technology.

Electronic computers, Prepackaged software, Computer Software, Computers, Software Publishers, Electronic Computer Manufacturing, Forecasts, trends, outlooks, COMMUNICATION, Communications, Broadcasting and Telecommunications, Retail Trade, Aircraft & Parts, Aerospace Product and Parts Manufacturing, Aircraft and Parts, Computer software industry, Computer industry, Software industry, Software, Electric utilities, Water utilities, Telecommunications services industry, Telecommunications industry, Retail industry, Forecasts and trends, Gas utilities, Defense industry

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SmithKline Beecham set for record 77bn pounds sterling merger with US pharmaceuticals giant

Article Abstract:

The planned merger of American Home Products (AHP) and SmithKline Beecham would create the largest pharmaceuticals group in the world, with turnover of more than 16 billion pounds sterling a year. Experts believe that the merger would bring cost savings of 1.5 billion pounds sterling by the end of the 1990s as SmithKline Beecham and AHP make use of each other's sales and distribution networks. It would be possible to invest more than 1.5 billion pounds sterling a year in researching and developing drugs.

SmithKline Beecham Group PLC, AHP, Wyeth

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