Engineers continue to suffer

Article Abstract:

United Kingdom engineering firms have seen a drop in stock prices due to concerns about pound sterling and the Asian crisis. Export orders have dropped in the 18 months to Aug 1998 and new domestic orders have also dropped sharply. Capital spending plans of engineering firms are cautious with only 4% more firms planning capital spending increases than reductions in spending. Investors may find opportunities in this sector due to low stock prices.

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Jackson gets on track

Article Abstract:

Jackson is a civil engineer set up in 1956, which specialises in tunnelling and bridges. Jackson Rail was set up in Jul 1998 and aims to offer a full service. Jackson also owns investment real estate valued at 6 million pounds sterling. The company's profit is forecast at 3.5 million pounds sterling for 1998 by Credit Lyonnais, which has upgraded its forecast. Jackson Foundation holds a 50% stake in the company, and may sell some of this stake.

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Fountains

Article Abstract:

Fountains has a strong order book and is a leader in the field of utilities management, though the company's core business has yet to be developed fully.

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