If you're standing still you're dead!

Article Abstract:

The UK advertising agency Gold Greenlees Trott (GGT) went through three stages of development since its creation in 1980. Initially, the firm built up its business until it reached approximately 30 million pounds sterling of revenue at the time the firm made an initial public offering in Mar 1986. The subsequent two stages involved acquisitions of other advertising firms, first in the UK and then in the US. The firm had revenue of under 200 million pounds for 1989/1990, and the firm had a pre-tax profit of 7.7 million pounds for the year to 20 Apr 90. The firm took on long-term financing to pay for its acquisitions, borrowing $30 million for 10 years at a 10.43% fixed rate. Despite the downturn in both the UK and US advertising industries, the firm should remain profitable for it has a well-structured debt and a good cash flow.

Advertising agencies, Accounting, auditing, & bookkeeping, Advertising, Accounting firms, Accounting services, Great Britain, Gold Greenlees Trott PLC

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Are the City's analysts being gagged?

Article Abstract:

The reputation of London-based financial analysts dedicated to presenting an accurate view of a company's financial position is being threatened by published cases of suppressed financial analysis. One such case involved a prematurely published draft note by Barclays de Zoete Wedd (BZW), which identified five companies as having strained financial reports. This document was later suppressed without any error verification by the five companies involved. Aside from putting analysts' reputations into question, prematurely published cases of financial-research suppression can complicate accounting rules. The BZW note specifically implicated proposed revisions to accounting rules, including a proposal by the Accounting Standards' Board (ASB) to abolish extraordinary items in financial statements, called FRED 1.

Investment advice, Laws, regulations and rules, Reports, Accounting, Practice, Investment advisers, Barclays de Zoete Wedd Securities Ltd.

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A taste for independence

Article Abstract:

David S. Smith (Holdings) PLC CEO Richard Brewster was a successful finance director and deputy managing director of Giltspur when he had the opportunity to buy David S. Smith with personal savings, bank backing, and the participation of other investors in 1983. He then built up the ailing cigarette carton manufacturer by acquiring related companies such as hard board manufacturer Western Board Mills, corrugated board manufacturer Abbitrin, and paper and pulp manufacturer St. Regis. David S. Smith developed into a holding company based on wood-product packaging and containerization. New plans include expanding business into the US and new packaging materials such as plastics.

Packaging machinery, Wood pulp industry, Paper industry, Packaging industry, Container industry, Pulp industry, Brewster, Richard, David S. Smith (Holdings) PLC

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