Article Abstract:
Waddington's margins have improved, partly due to disposals of loss making businesses. The company's food services profit rose to 4.9 million pounds sterling for the six months to Sep 30 1996 compared with 3.1 million pounds, while pharmaceutical packing rose to 3.4 million pounds compared with 2.2 million pounds in this period. Profit rose by only 9% in cartons. The company is investing 40 million pounds sterling in its capital spending program for 1996 to 1997 and Waddington's profit is forecast at from 32 million pounds to 33 million pounds in this year.
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Article Abstract:
Adare Printing has acquired Prontaprint for 24 million pounds sterling and is seeking to boost franchising revenue. Mount Salus, a printing subsidiary, lost a major contract with Microsoft and this affected Adare's share price in Jun 1996. Mount Salus has reduced its work force to 70 employees from 120 employees. Adare may carry out further acquisitions but is concentrating on organic growth. The company's pre-tax profit is forecast at 10.2 million pounds sterling for 1996 to 1997.
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Article Abstract:
CA Coutts places importance on innovation and design, which it sees as important in persuading customers to buy products. The company is family-managed and point of sale displays account for 40% of its sales. The packaging division includes Essex Corrugated which was acquired in 1994. The company is likely to perform well in second half 1996 and Coutts' profit is forecast at 1.5 million pounds sterling for full-year 1996 by Beeson Gregory.
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