Fashion victim
Article Abstract:
Tomkins has suffered a share price fall following the acquisition of Stant, a manufacturer of windscreen wipers. Tomkins acquired Gates Rubber, a company making automobile fan belts, in 1996 and the Stant acquisition fits well with this. Tomkins' share price has underperformed in the four years to 1997, despite the company's progress. There has been a debate on the company's surplus capital which the chief executive sees as better invested in acquisitions than returned to shareholders.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1997
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Junk threat to T and N's stalker
Article Abstract:
Federal-Mogul, which is making a bid for T and N, could face a debt downgrade. Federal would probably have to use debt to fund a bid for T and N. Federal's debt is rated by Moody's as borderline between junk debt and investment grade, and a downgrade could affect Federal's ability to acquire T and N. A bid for T and N from a United Kingdom company appears unlikely, according to investment analysts. T and N's stock price has underperformed since 1994.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1997
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No rush to end car strike
Article Abstract:
General Motors is faced with strikes at two automotive parts plants in Ohio. The strike could have a beneficial impact on the company which can thus reduce inventories. Lost production costs could rise and affect earnings eriously, however. This is especially likely if a parts shortage affects plants making utility and sport vehicles. The strike could also have a longer term impact should General Motors appear to give in to the United Auto Workers.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1996
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