New blood breathes life into publisher

Article Abstract:

London and Edinburgh Publishing is involved in contract publishing and database management, and has become profitable following a move to streamline its activities and deal with debtors. The company is likely to make acquisitions, and has already acquired TLA, which has performed better than expected, due to tight cost control. 'Good Ski Guide' was acquired in Oct 1999. The company's profit is forecast at 1.1 million pounds sterling for 2000 by Charles Stanley.

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Pearson

Article Abstract:

Pearson is a UK company involved in the media and entertainment. The company has sold assets such as a stake in BSkyB and the proceeds of these sales have offset exceptional costs involved in shutting down the Financial Times East India Dock printing facilities. The company saw a rise in operating profit for its Information activities to 105 million pounds sterling for 1995 compared with 85 million pounds for the previous year. Profits were down in Education and Entertainment.

Television Broadcasting, Newspapers, Newspaper Publishers, Television broadcasting stations, Television broadcasting industry, Newspaper publishing, Leisure industry, Pearson PLC

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London and Edinburgh hopes to fulfil its promise

Article Abstract:

London and Edinburgh Publishing (LEP) joined the United Kingdom Alternative Investment Market in 1996 and has suffered bad debt problems. The company's management has been changed, and it has made a number of acquisitions, and has become more attractive to investors. Acquisitions include Woodgate, a publishing fulfilment company, and the Executive Golf Club (EGC). LEP could achieve a profit of 800,000 pounds sterling for 1999, and this could be higher if EGC makes a large contribution.

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