Labour may keep bid veto

Article Abstract:

The UK government is privatizing AEA Technology, and engineering and science services concern, and is retaining a stake which will permit it to block acquisitions above 15%. The UK Labor party has stated that it will provide indefinite protection for the company against takeovers due to the sensitive work it is involved in such as projects involving nuclear submarines belonging to the Royal Navy. AEA's chairman argues that privatization should not lead to concern about security since the private sector already deals with sensitive projects.

Defense industry

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AEA Technology: no giveaway

Article Abstract:

AEA Technology is an engineering services and science concern which is being privatized by the UK government. Private investors have up to a tenth of the shares reserved for them. The company will have to boost sales since it has already reduced costs. This may be possible in areas such as developing new products, and engineering consultancy work where the company is performing well. A profit of 22 million pounds sterling is forecast for 1996 to 1997.

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Roxspur looks messy - again

Article Abstract:

The problems of Roxspur, an engineering firm, are examined in detail. Acquisitions such as Wills Group and Clayhithe have been problematic for this company.

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

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