London International

Article Abstract:

London International (LIG) has made good progress though this is masked by restructuring costs amounting to 8.4 million pounds sterling. The group's operating profit from continuing activity increased to 11.6 million pounds from 9.3 million pounds in the six months to Sep 30 1996. European operations were profitable though profits dropped in southern Europe due to the weak economy of Spain. LIG has more competition in the US condom market where it is not market leader and faces a price cut from Trojan, which ranks first in the market. LIG should achieve a profit of over 36 million pounds sterling for 1996 to 1997.

Fabricated rubber products, not elsewhere classified, All Other Rubber Product Manufacturing, Prophylactics & Diaphragms, Surgical Rubber Gloves, Contraceptives industry, Rubber gloves, London International Group PLC

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Meyer International

Article Abstract:

Meyer International has invested 22 million pounds sterling in its Jewson building materials stores and Jewson should benefit from a revival in the UK housing market. Jewson's margins are low compared to some of its competitors. The company has been affected by a drop in profit from timber distribution when softwood prices dropped in 1995. A charge of 7 million pounds for improving the comupter system at Pont Meyer, Meyer's Dutch business, has depressed that operation's results. Meyer's profit could increase to 54 million pounds sterling in 1997.

Building Materials, Retail, Building Material and Supplies Dealers, Lumber and other building materials, Building materials industry, Meyer International PLC

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South African mining giant weighs up London listing

Article Abstract:

Anglogold has been set up from Anglo American Corp's gold mining assets and will be the biggest gold mining company world wide, with Anglo American holding a 40% stake. Anglogold is studying a listing in London, England, as well as Johannesburg, South Africa. Some Anglogold executives are also on De Beers' board so are unable to present in the US, where De Beers has had problems with anti-trust authorities. Anglo American may also seek dual listing for Minorco and De Beers.

Gold Mines, Gold Ore Mining, Gold ores, Gold industry, Gold mining, Securities, AngloGold Ltd.

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