SGB climbs free

Article Abstract:

SGB is a scaffolding company carrying out a share issue in May 1997. The company is capitalised at some 130 million pounds sterling through the flotation, with 51% of the stocks retained by John Mowlem, which acquired SGB in 1986. SGB aims to close five plants of a total of seven in the UK in order to cut costs, in addition to reducing its product range. The UK accounts for a little more than half the company's profit and the bulk of the remainder comes from the Far East.

Sheet Metal Work Manufacturing, Sheet metalwork, Metal Scaffolding, Building materials industry, Securities, SGB Group PLC

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Building progress

Article Abstract:

Avonside is a construction company focused on building materials distribution, and subcontracting for construction firms involved in housebuilding. The company's roofing division has performed well, and Avonside should benefit from the increased usage of partnerships by major housebuilders. Distribution has benefited from cheaper imports due to a strong pound sterling. The company's profit is forecast at 3.75 million pounds sterling for 1998 by Albert E Sharp.

Residential Building Construction, Private Housing, Nonfarm, Management, Construction industry, Residential construction, Housing, Avonside Group PLC

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