Housing boom good news for quarries

Article Abstract:

Alexander Russell is benefiting from strong demand for its concrete and quarry products. The company was approached by RMC, which was interested in making a bid, but no price could be agreed. Scotland accounts for some 75% of sales, and Pittsburgh, US, for 5%. Sales for the US quarry division have risen strongly as the result of a federal road building program. The company's profit is forecast at 6.1 million pounds sterling for full-year 1999 by Bell Lawrie White.

Alexander Russell PLC

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Digging up assets

Article Abstract:

Ennstone is seeking to acquire Bruntcliffe Aggregates. Bruntcliffe's board has recommended the bid, and institutions with 41.5% of Bruntcliffe have accepted it. These acceptances depend on no rival offering more for their stakes. Ennstone's Vaughan McLeod sees Bruntcliffe has having been affected by its debt level. He may sell two quarries in the US and focus on quarries in Scotland and a pits fro gravel and sand in Rugby, England, while seeking to boost margins.

Mergers, acquisitions and divestments, Bruntcliffe Aggregates PLC, Ennstone

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Back on track

Article Abstract:

Bardon is a UK quarry products company which has restructured and is embarked on a recovery. The company has diversified into sports surfaces to offset a drop in demand for road surfaces. Trading volumes look set to increase as the company expands in Scotland. Bardon is also seeing an improvement in its dredging business. Bardon Trimount has signed contracts in the US and profits are increasing. The company's shares are recommended for investors in June 1995.

Bardon Group PLC

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