MJ Gleeson: solid foundations

Article Abstract:

M.J. Gleeson is a construction contractor with a strong order book and net asset base. The company is invloved in real estate, housebuilding and construction and these three businesses are performing well. The company has been awarded contracts by the water industry and has survived a recession in the construction industry. Housing appears likely to see a rise in demand. The company's profit is forecast at 10 million pounds sterling for 1997 by NatWest Securities.

Real Estate, Real Estate and Rental and Leasing, Management, M.J. Gleeson Group PLC

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Asset-swap builders in strategic breakthrough

Article Abstract:

Tarmac and Wimpey are two UK construction concerns which aim to exchange assets as part of a restructuring process. Tarmac's house building division will be acquired by Wimpey, the biggest UK housebuilder. Wimpey's construction and minerals division will go to Tarmac. This move allows the two companies to restructure without having to sell assets too cheaply. Wimpey will have a stake of some 10% in the UK market and aims to build over 13,000 homes annually.

Mergers, acquisitions and divestments, Tarmac PLC, George Wimpey PLC

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