Charlton to quit Cruden

Article Abstract:

Cruden Bay plans to place out a stake held by Michael Charlton who is a major backer of speculative investment vehicles and Cruden is not this type of speculative investment. Cruden Bay, meanwhile, has acquired Technolog and appointed a new chief executive, Claude Yonnet. The company will also change its name, becoming Utilitec. Charlton's stake has been reduced to 15% from 25% since he did not take part in fund raising for the Technolog acquisition.

Publisher: FT Business
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1997
Navigational, Measuring, Electromedical, and Control Instruments Manufacturing, Measuring and Controlling Devices, Measuring & Control Instruments, Instrument industry, Instrument industry (Equipment), Cruden Bay

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Trifast

Article Abstract:

UK industrial fastenings distributor Trifast has been badly hit by the economic slowdown, and its shares now look overpriced. Trifast has seen orders from telecoms and IT firms fall by 40%, while demand is also weak in the automotive sector.

Publisher: FT Business
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 2001
Bolt, Nut, Screw, Rivet, and Washer Manufacturing, Bolts, nuts, rivets, and washers, Metal Fasteners, Industrial Supplies Wholesalers, Hardware, Fasteners Wholesale, Wholesale trade, Fasteners, Hardware industry, Trifast PLC

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Subjects list: Securities
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