Knitting its own recovery story: a bleak high street has meant hard times for textiles maker Martin International and its employees. But is ties with Marks and Spencer remain in place and seem to be strengthening
Article Abstract:
Martin International of Nottingham, UK, a textiles group, expects to enter a period of steady growth. It is an underwear supplier to Marks & Spencer, but also manufactures knitwear, leisurewear and nightwear. More than half of group turnover was represented by sales to Marks & Spencer in 1994. The company's share price nearly halved in 1993 to 49p and it was also criticised for failing to appoint suitable independent non-execs for the Postel pension fund. However it has covered its cash needs for the foreseeable future following 5.9 millio pounds sterling fund raising in 1994.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1995
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Wall Street's wage dangers
Article Abstract:
US stock prices could drop if wages appear to be rising unduly, since higher wages costs imply a rise in costs if there is not also a rise in productivity. This could mean that inflation rises, or profits are squeezed. Wage inflation has risen previously but then fallen back. The rate of unemployment at which inflation becomes a problem may have fallen due to lower import prices. This could change as the US dollar drops in value, though labor shortages could also mean that labor intensive goods are imported rather than that wages rise.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1999
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Recovery builds
Article Abstract:
Eleco, a building materials specialist, has been transformed over recent years, since John Ketteley too over as executive chairman. He has sold off loss making businesses, reducing debt levels, and reducing gearing to 25%. Its main Building Systems division generated turnover of 81% in the year to June 1998, and rail and marine measuring instruments make up the remainder of its business.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1999
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