Ricardo: engine of growth

Article Abstract:

Ricardo is a UK engineering firm which is involved in testing engines, and has also acquired an aerospace business. The company will focus on its engineering business, and Ricardo's shares would rise if the aerospace activities could be sold. The company is helped by strong demand from the Far East, and the need to comply with regulations relating to exhaust emissions. The company has cut costs and profits of 6.7 million pounds sterling are forecast for 1996 to 1997 by Williams de Broe.

Aircraft & Parts, Aerospace Product and Parts Manufacturing, Aircraft and Parts, Ricardo International PLC

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Buying growth

Article Abstract:

United Industries is an engineering firm which announced a loss of 446,000 pounds sterling in 1997, largely due to problems at Holden Hydroman, which paints car bumpers. Holden Hydroman was sold and the company had a strong balance sheet, but its stock price suffered. The company has since acquired Neepsend and Hi-Tech Hose. Neepsend is being examined with the help of Knox D'Arcy, a management consultant which holds 10% of United Industries through its investment arm.

United Industries PLC

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