Tomkins says pretax profit rose 16% for year

Article Abstract:

Tomkins PLC said it was able to generate more than 500 British pounds sterling ($829.6 million) profit for the first time. The milling-to-automotive component group said pretax profit for the year ended May 2, 1998 increased by 16% to 500.4 million British pounds sterling compared to 432 million British pounds sterling a year ago. Tomkins has raised its dividend by no less than 15% or to 11.45 pence from 13.17 pence, the 15th consecutive year it has done so. The firm said it will seek a recall of its powers from its investors to buy back its own stock.

Comment:

Says it was able to generate more than 500 British pounds sterling ($829.6 million) profit for the first time

Sawmill and Woodworking Machinery Manufacturing, Millwork Equipment, Tomkins PLC, Sawmill equipment

Allders expects earnings to fall short of estimates

Article Abstract:

Department store and specialty chain Allders PLC expects fiscal 1998 profit to be short of market expectations, wiping almost 27% off its stock-market value. According to the company, a slowdown in consumer spending could result to a profit of less than 19 million pounds sterling for the year ending Sep. 30, 1998. Analysts expected the company to post a profit of 23 million pounds sterling after it posted a 5.6% increase in profit in the first half of the year. The company cited rising interest rates as the reason for its weak performance.

Comment:

Expects fiscal 1998 profit to be short of market expectations, wiping almost 27% off its stock-market value

Department Stores, Allders PLC

Iceland says sales continue to fall

Article Abstract:

Iceland PLC said its frozen food sales are continuing to decline. The company posted 40.1 million pounds in pretax profits for the 15-month period to April 2001. This is compared to 64.3 million pounds for the 12 months to January 2000.

Food Stores, Food and Beverage Stores, Finance, Grocery industry, Grocery stores, Iceland Foods PLC