Hanson scion steps out of father's footsteps
Friday 21 November 1997
Hanson junior has followed in his father's footsteps by appearing regularly in the society columns with young ladies on his arm. Once thought by analysts to be the heir to his father's business empire, Robert Hanson appears to be distancing himself from it by this move.
Hanson is the building materials company that remained after the break- up of the amous tobacco to coal mining conglomerate was completed earlier this year. The remaining, smaller Hanson subsequently fell out of the leading FTSE 100 index. The Hanson empire reached its peak during the Thatcher boom years but split up after conglomerates went out of fashion. Its shares lagged the FTSE 100 index for a year, and investors saw it as unwieldy and unable to add value following the recession of the early 1990s.
Robert Hanson is corporate development director of Hanson, and his principal remaining responsibility is to find a buyer for Grove Worldwide, the company's US-based crane-making unit, which analysts value between pounds 300m and pounds 400m.
The company declined to comment on whether a sale was imminent.
Hanson shares rose half a penny to 285.5p.
- 2 Man who held up 'hire me' sign at Waterloo station returns a year later with 'I'm hiring' sign
Rowan Atkinson to sell £10 million McLaren 'supercar' he crashed into a tree and a lamppost
UK weather: Snow to fall in the coming week with sub-zero temperatures to last until early February
Saudi preacher who 'raped and tortured' his five -year-old daughter to death is released after paying 'blood money'
Warriors in ancient Iraq suffered Post-Traumatic Stress Disorder more than 3,000 years ago, say researchers
US blames Russia after rocket attacks in Ukraine kill at least 30
Nigel Farage: NHS might have to be replaced by private health insurance
'We would evict Queen from Buckingham Palace and allocate her council house,' say Greens
French court convicts three over homophobic tweets, in case hailed as a 'significant victory' by LGBT rights campaigners
British Muslim school children suffering a backlash of abuse following Paris attacks
George Galloway condemns 'racist, Islamophobic, hypocritical rag' Charlie Hebdo at freedom of speech rally
Islamic history is full of free thinkers - but recent attempts to suppress critical thought are verging on the absurd
iJobs Money & Business
Negotiable: Recruitment Genius: A Tax Assistant is required to join a leading ...
£16000 - £25000 per annum: Recruitment Genius: This is an exciting opportunity...
£45000 - £47000 per annum + bonus + benefits: Ashdown Group: Java Developer / ...
£35000 - £38000 per annum + Benefits: Ashdown Group: Marketing Manager - Marke...