Abstracts » Business

Great Universal Stores

Article Abstract:

Great Universal Stores (GUS) has seen a drop in its stock price which means that it could attract a takeover bid. The company's catalog sales operations appear to be diminishing, and its financial information subsidiary, Experian, was meant to provide growth, but its performance is causing some concern. ABN Amro rates GUS stocks a buy, while Commerzbank rates them a hold, and Merrill Lynch is neutral. The company could benefit from its internet strategy.

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Great Universal Stores

Article Abstract:

Great Universal Stores has seen a disappointing performance from its mail order business with a drop in profit of 6% to 236 million pounds sterling for 1995 to 1996. The Business Information division has achieved a stronger performance and demand for credit card processing has increased. Burberrys has performed well with a 17% rise in profit at 70 million pounds sterling. Furniture retailing in South Africa has also been boosted with 16 new stores added.

Mail Order Houses, Electronic Shopping and Mail-Order Houses, Catalog and mail-order houses, Mail-order industry, Mail order business

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A hero makes zero

Article Abstract:

GUS has seen a drop in its stock market value to 3.6 billion pounds sterling in 1999 from 6 billion pounds when Lord Wolfson became chairman in 1996. He has carried out acquisitions worth 3.5 billion pounds sterling. The company's stock prices has dropped by 60% since the acquisition of Argos. Nine directors of the company have invested more than 1 million pounds in buying GUS stocks, which has positive implications for the company's prospects. GUS is a stock worth keeping an eye on.

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