Charlton to quit Cruden

Article Abstract:

Cruden Bay plans to place out a stake held by Michael Charlton who is a major backer of speculative investment vehicles and Cruden is not this type of speculative investment. Cruden Bay, meanwhile, has acquired Technolog and appointed a new chief executive, Claude Yonnet. The company will also change its name, becoming Utilitec. Charlton's stake has been reduced to 15% from 25% since he did not take part in fund raising for the Technolog acquisition.

Navigational, Measuring, Electromedical, and Control Instruments Manufacturing, Measuring and Controlling Devices, Measuring & Control Instruments, Instrument industry, Instrument industry (Equipment), Cruden Bay

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Trifast

Article Abstract:

UK industrial fastenings distributor Trifast has been badly hit by the economic slowdown, and its shares now look overpriced. Trifast has seen orders from telecoms and IT firms fall by 40%, while demand is also weak in the automotive sector.

Bolt, Nut, Screw, Rivet, and Washer Manufacturing, Bolts, nuts, rivets, and washers, Metal Fasteners, Industrial Supplies Wholesalers, Hardware, Fasteners Wholesale, Wholesale trade, Fasteners, Hardware industry, Trifast PLC

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