Personnel-services business buoys Hay's pretax profit

Article Abstract:

Hays PLC, the UK business-services group, reported a pretax profit of 197.3 million pound-sterling ($330 million) for the year ended June 30, 1998, up 34% from 147.8 million pound-sterling a year ago. Excluding exceptional items, pretax profit increased 30% to 201.2 million pound-sterling. The strong performance, which the company insisted was in line with projections, is attributed in large part to a 41% profit increase at the company's personnel-services division. Meanwhile, sales at continuing operations was reported to have increased 20% to 1.32 billion pound-sterling from 1.1 billion pound-sterling.

Comment:

Reports a pretax profit of 197.3 mil pound-sterling for year ended 630/98, up 34% from 147.8 mil pound-sterling a year ago

Professional, Scientific, and Technical Services, Business Services, Hays PLC

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Thomson Travel expects charges from Scandinavia units to grow

Article Abstract:

Thomson Travel Group PLC expects more exceptional financial charges from its Scandinavian operations, which the company is terminating by the end of September 1998. The company already has taken a charge of 3.6 million pound-sterling ($6 million) in the first six months of 1998 in relation to the closing of the Thomson Sverige operations, the company's first venture in the Nordic countries. The newly publicly-traded company posted a pretax profit of 5.5 million pound-sterling for the first half of 1998, down from 12.3 million pound-sterling a year ago.

Comment:

Expects more exceptional financial charges from its Scandinavian operations, which it is terminating by the end of 9/98

Travel Agents, Travel Agencies, Thomson Travel Group PLC

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Wolseley posts a 12% increase in pretax profit

Article Abstract:

Wolseley PLC posted an improvement of 12% in its pretax profits for the year ending on July 31, 1999. Wolseley reported 306.4 million pound sterling (482.2 million euros) in pretax profits for the year. The company was helped by a strong performance at its distribution operations in the UK and in the US. Wolseley also posted a 16% rise in sales to 5.51 billion pound sterling.

Hardware & Plumbing Whsle, Hardware, and Plumbing and Heating Equipment and Supplies Wholesalers, Finance, Wholesale industry, Wholesale trade, Wolseley PLC, Hardware industry

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