Reece: a lack of focus

Article Abstract:

Reece suffered problems in the door panels and industrial fastenings market which affected the group's results for 1995. Weak demand from construction companies led to a rise in losses for fasters, while the door panels division also reported a loss. The company has been affected by the UK housing market and these businesses could be sold, leaving a cycle and cycle parts company and an engraver dealing with glass and ceramics. The company's profit is forecast at 400,000 pounds sterling for 1996.

Nonmetallic Mineral Product Manufacturing, STONE, CLAY, AND GLASS PRODUCTS, Construction Materials, Sporting Goods, Bicycle Stores, Sporting Goods Stores, Sporting goods and bicycle shops, Building materials, Bicycle stores, Reece PLC

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Suter

Article Abstract:

Suter is a UK conglomerate corporation which is becoming leaner in line with pressure from financial markets for a stronger focus. The company faces exceptional costs from this strategy with businesses sold for under asset value. Suter focuses on chemicals, specialist engineering and refrigeration following these disposals. These three activities have performed well and the company may make acquisitions in these sectors. Suter's shares are seen as offering good value in Mar 1996.

Chemicals & Allied Products, Chemical Manufacturing, CHEMICALS AND ALLIED PRODUCTS, Refrigeration service and repair, Refrigeration & Air Condition Svc, Commercial and Industrial Machinery and Equipment (except Automotive and Electronic) Repair and Maintenance, Chemicals, Cooling system repair, Suter PLC

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New ingredients

Article Abstract:

Sara Lee is ending a period of restructuring and may carry out an acquisition. The group is involved in a wide range of activities including coffee and groceries, and areas of possible interest include packaged meats. The European packaged meats industry is fragmented and Sara Lee already has interests in this sector. The group was affected by problems in its hosiery division in 1994 and has since improved efficiency, so performance should improve in 1995.

Prepared Meats, Meat Processed from Carcasses, Sausages and other prepared meats, Sara Lee Corp.

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