Airtours

Article Abstract:

Airtours' stock price has performed well since 1987 when the company came to the stock market, though the stock price has dropped in 1998. The company plans international expansion for long-term growth, and has the will and financial strength to do so. There is a strong chance of acquisitions, which should boost earnings. The company has had problems in Scandinavia, but these are receding. There is a possibility that Carnival Corp., which holds 26% of Airtours, could make a bid for the company.

Management, Airtours PLC

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Windfall? 'No chance!'(Lanica Trust bid for Co-operative Wholesale Society)

Article Abstract:

Lanica Trust has bid for the Co-operative Wholesale Society (CWS). CWS members do not have voting rights and are not likely to receive windfall gains from the sale, the company argues. The CWS board has to agree to the bid, which it opposes. The board members can reject a bid whatever shareholders may desire, though pressure from shareholders could have some impact. CWS is involved in a range of activities including chemists, travel agencies and funeral services.

Wholesale Trade, Funeral Homes and Funeral Services, Funeral service and crematories, Funeral Services, Mergers, acquisitions and divestments, Wholesale industry, Co-operative Wholesale Society, Funeral industry, Lanica Trust

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First Choice: Banishing the ghosts

Article Abstract:

First Choice is undergoing a three year plan which is in its final stages. It is offering 4% fewer holidays in summer 1999, but bookings already look healthy with like-for-like sales up 14%. The global tour operating business is seeing major changes, with consolidation the main part of business development. First Choice's balance sheet of 154 million pounds sterling of net cash, is strong, and there is rumour that it could become a target itself.

Finance, First Choice Holidays PLC

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