Emap lifts first-half profit 16% and seeks to reassure investors

Article Abstract:

Emap PLC of UK has exceeded analysts projections by posting an increase of 16% in pretax profit for the first six months ended September 1998 to $124.8 million. The company, which publishes some of the most popular consumer magazines in the UK, also sought to reassure investors concerned on effects of an economic slowdown in main markets, UK and France. Emap, which recently changed management, also reported a 9.1% increase in sales to 410.2 million pounds sterling, while dividend per share grew to 5.7 pence.

Comment:

Exceeds analysts projections by posting 16% hike in pretax profit for first six months ended September 1998 to $124.8 million

Sales, profits & dividends, Newspapers, Newspaper Publishers, Newspaper publishing, Article, Emap PLC

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Diageo picks Walsh, Blyth for top posts

Article Abstract:

Diageo PLC has appointed Paul Walsh, the head of its Pillsbury subsidiary, to replace retiring CEO John McGrath. Mr. McGrath will retire from his post by the end of the year 2000. Diageo is a food and drinks company that owns such well-known brands as Burger King and Johnnie Walker liquors. Mr. Walsh will takeover as chief operating officer at the start of 2000 before becoming CEO at the end of that year.

Executive changes & profiles, Liquor, Distilleries, Officials and employees, Appointments, resignations and dismissals, Diageo PLC, Liquor industry, McGrath, John Peter, Walsh, Paul S.

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Tarmac's demerger proposals are passed

Article Abstract:

Tarmac PLC demerger plans were overwhelmingly approved by its stockholders despite the fact that private and institutional investors offered strong opposition to them. According to Sir John Banham, the chairman of Tarmac, the resolutions were approved by over 94% of the shares that were voted. Mr. Banham also said that more than 50% of Tarmac's share capital was voted.

Comment:

Demerger plans overwhelmingly approved by stockholders

Diversified Companies, Stockholder data, Tarmac PLC, Investor relations

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