UK: RESTRUCTURING PLANS BY SENIOR ENGINEERING

Article Abstract:

UK-based Senior Engineering, which announced a strategic review in December 1999, and effectively put itself up for sale, has confirmed that it is no longer holding talks with possible bidders. One consortium retains an interest in the company, however, and its former chief executive Andrew Parrish is thought to be linked to the group. Senior has announced plans to sell its largest division, the Specialised Industrial arm, a move that would leave it with automotive and aerospace divisions. The Specialised Industrial unit may, however, prove difficult to sell, as it is spread across 12 countries, producing a diverse range of products. Analysts believe that predators may yet target the group.

Misc. Fabricated Metal Products, Fabricated Metal Products NEC, All Other Miscellaneous Fabricated Metal Product Manufacturing, Metal products, Metal products industry, Metalworking industry, Senior Engineering Group PLC

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UK: DIXON MOTORS IN CAR PRICING MOVE

Article Abstract:

Dixon Motors decided as of 1 June 2000 to end the promotion of what are classed as recommended retail prices amid expectations that the UK government will crack down on the ability of manufacturers to fix car prices. The listed car dealer's chief executive, Paul Dixon, noted that a degree of clarity was required in a marketplace where consumers were bemused over the variation between prices in the UK compared with those in Europe. Savings on headline prices of 10% to 32% are expected as a result of the Dixon Real Price List, which shuns prices imposed by manufacturers and which retailers have up to now been obliged to advertise.

Motor Vehicle Dealers, Motor Vehicle and Parts Dealers, New and used car dealers, Automotive dealers, Automobile dealers, Dixon Motors PLC

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UK: DIXONS HAS HIRED GOLDMAN TO REVIEW FREESERVE

Article Abstract:

Dixons, the UK's electrical retailer, has hired Goldman Sachs investment bank to review its Freeserve subsidiary. This could lead to a merger or outright sale of the Internet service provider. Dixons currently has an 80% stake in Freeserve. This is speculation that Dixons is keen to find a partner for Freeserve. Deutsche Telekom's Internet unit T-Online and British Telecom may bid for Freeserve. Freeserve is valued at GB[pound] 4bn and pioneered subscription-free Internet access by taking a share of the telephone charges although its competitors have followed suit.

Asset sales & divestitures, Telegraph & other communications, Internet service providers, Contracts, Goldman Sachs and Co., Freeserve PLC, Dixons Group PLC

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