Article Abstract:
Claremont Garments has closed capacity and shifted production abroad, but has still been affected by a downturn. The company shed some 720 jobs and cut 7.1 million pounds sterling worth of costs, but losses increased to 12 million pounds sterling in 1997 compared with 3 million pounds for the previous year. Potential orders were lost due to job losses. The company's profit is forecast at some 4 million pounds sterling for 1998, but disposals could mean a drop in profit. The company's stock price has risen, but from a low level.
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Article Abstract:
Marling Industries is a UK industrial textiles concern which is seeing growth in all its activities. Forty per cent of turnover is accounted for by seat belt webbing, and the company holds a 50% stake in the European market for this product. Some 75% of total turnover is accounted for by overseas sales. The company aims to make acquisitions in the UK and is involved in a JV to produce seat belt webbing in China. A profit of 5.95 million pounds sterling is forecast for 1995 by Beeson Gregory.
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Article Abstract:
Colefax faces problems in its market but has a strong portfolio, and a good track record.
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