Article Abstract:
BTR is a UK industrial conglomerate which has seen a rise in its share price which is linked to plans to increase sales and cut the number of business units. Profits for 1995 were better than forecast, though BTR's profit is not expected to grow strongly in 1996. BTR has sold businesses following the appointment of Ian Strachan as chief executive, and disposals in 1995 had sales amounting to 930 million pounds sterling annually. BTR's shares are seen as offering good value in Mar 1995.
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Article Abstract:
Wassall's share price has been affected by a view of conglomerate corporations as unfashionable. The group's operating subsidiaries are well placed and tightly managed with the US accounting for 80% of sales. The group's acquisitions include General Cable which has increased its profit to 31.6 million pounds sterling in 1995 from some 1.5 million pounds since it was acquired by Wassall in 1994. Wassall's profit could increase by 11% in 1996 and some 21% in 1997.
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Article Abstract:
Tenneco has floated Allbright and Wilson, a UK chemicals concern, and has reduced its stake in a farming equipment producer, Case, which had suffered losses. Tenneco has reinvested over $2.1 billion including the acquisition of a plastics division from Mobil for $1.3 billion. Packaging has become the biggest source of income for Tenneco. The group's chairman, Dana Mead, sees an immediate benefit in terms of earnings per share from the Mobil acquisition.
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