Blue Circle warning

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The Independent Online
Blue Circle warned yesterday that its 1995 figures would be hit by a pounds 63m provision to restructure its heating and bathrooms businesses, together with the underperforming home products division. The impact of the exceptional charge should be mitigated, however, by a one-off pounds 55m profit from the sale of the company's landfill operation. The creation of centres of excellence for its different boiler and radiator products in the UK, France and Germany follows a review announced in September and the departure of Charles Young, the division's pounds 193,000-a-year chief executive.

Investment column, page 26

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