Shipbuilder's shares list on talk of rosy forecasts

Article Abstract:

Far East Levingston Shipbuilding Ltd.'s (FELS) stocks declined by as much as 13% during the start of Jun. 1996 due to speculations that its 1996 profit forecast was 'over optimistic.' Several weeks after, however, the company's share prices began to recover at the Singapore Stock Exchange. The dramatic recovery of FELS' stocks was due mainly to an expected increase in the number of oil rig orders in 1998. Buoyed such expectations, investment analysts predict that FELS' stocks may increase by more than 25% over the next 12 months.

Ship Building and Repairing, Shipbuilding & Repair, Offshore Mobile Rigs, Securities, Shipbuilding industry, Offshore oil drilling rigs, Far East Levingston Shipbuilding Ltd.

---

ICA Handlarnas, Hakon Gruppen to merge into holding firm ICA

Article Abstract:

ICA Handlarnas AB and Hakon Gruppen AS will merge into a 53 billion Swedish kronor ($6.65 billion) holding company, ICA AB, beginning 1999. The consolidated holding company will operate 3,300 stores and employ 47,000 workers. It has appointed Roland Fahlin as chairman and Svante Nilsson and Peter Ruzicka as operating heads of its Swedish and Norwegian operations, respectively. According to Fahlin, the merger will generate more income and will enable ICA to become competitive in the grocery store market in Northern Europe.

Comment:

To merge w/ ICA Handlarnas AB into a $6.65 bil holding company, ICA AB, beginning 1999

Acquisitions & mergers, Organizational history, Sweden, Grocery Stores, Supermarkets and Other Grocery (except Convenience) Stores, Norway, Article, ICA AB, ICA Handlarnas AB, Hakon Gruppen AS

---

Similar abstracts:

• Abstracts: Daimler, Nissan discuss link focused on Asia. Germany bristles at Nokia's plan to move plant, jobs to Romania
• Abstracts: A cross-national study on the impact of management teams on the rapid internationalization of small firms. The impact of efficacy on work attitudes across cultures
• Abstracts: Mechanisms for local search. Random search in the one-dimensional cutting stock problem. The influence of the fitness evaluation method on the performance of multiobjective search algorithms
• Abstracts: The new marketing: what does 'customer focus' now mean? Ferraris belong to the road, not in the garage. Russians opt for car imports despite Lada maker's shuffle
• Abstracts: For the love of Pete. Made to measure

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.