Abstracts » Business

Weaving the right stuff

Article Abstract:

Yorklyde is a United Kingdom textile company, and the sector has faced problems which have affected stock prices. Yorklyde is well placed within the market and focuses on upmarket goods. Orders have dropped, but less than average for the sector. The company also has hopes for a fabric called Replin which is aimed at the transportation industry. The company's profit is forecast at 500,000 pounds sterling for 1998 to 1999 by Bell Lawrie White. Yorklyde should benefit from an upturn due to high fixed costs which mean that rises in sales push up profits rapidly.

Yorklyde PLC

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BBA

Article Abstract:

BBA is a UK producer of aviation, automotive and industrial products, and has acquired a paper and textile concern, Holvis, in 1995. The company acquired Holvis for 239 million pounds sterling then sold the paper interests for 116 million pounds to Arjo Wiggins Appleton. BBA has also sold its clutch and brake division to management, and has resources to continue with acquisitions. The company has cut costs and should achieve a profit of 117 million pounds sterling for full-year 1995.

Motor Vehicle Parts, Motor Vehicle Parts Manufacturing, Automobile equipment and supplies industry, Automotive parts industry, Automotive parts

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BBA

Article Abstract:

BBA has improved its margins by selling off underperforming activities. The company invested 257 million pounds sterling in acquisitions in 1995, most of which was accounted for by Holvis, a Swiss fabric manufacturer. The company aims to improve earnings through reducing costs and further acquisitions. A profit of 140 million pounds sterling is forecast for BBA for 1996 by Merrill Lynch, which forecasts 156 million pounds for 1997.

Transportation, Transportation industry

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