Thursday 20 March 1997
A dramatic increase in outsourcing revenue, from pounds 116m to pounds 359m, helped British management consultancies' income rise 35 per cent to pounds 1.7bn, according to figures from the Management Consultancies Association. However, the industry body's annual report, published yesterday shows declines in public- sector and information-technology work.
Aegis, the media group, is making three acquisitions in the US and Sweden for a total of up to pounds 30m. In the biggest deal it is paying up to pounds 18m for International Communications Group, an independent media specialist with headquarters in Los Angeles. The news came as Aegis reported an 18 per cent improvement in pre-tax profits to pounds 39.6m last calendar year on turnover 2 per cent higher at pounds 3.45bn. Earnings per share rose 17 per cent to 3.0p while a 0.6p dividend is recommended.
Bowthorpe's shares rose 5.5p to 394.5p as the UK electronics maker announced a better-than-expected growth in underlying earnings. Its 1996 pre-tax profit fell 6 per cent as it made an pounds 8.5m provision to close three companies in the data-acquisition and environmental industries. Pre-tax profit fell to pounds 72.9m for the year ended 31 December 1996, down from pounds 77.5m last time.
Simon Engineering plunged to a loss for 1996 of pounds 50.6m against a profit of pounds 8.4m last time, largely due to an exceptional charge of pounds 57.4m regarding the sale of the engineering businesses of the access division. Simon's management now says the reorganisation is complete.
Britain's top vet sparks controversy with call for ban on slashing animals' throats in 'ritual' slaughters for halal and kosher meat products
If you're horrified by a flame-roasted dog, you should be shocked at a hog roast
Poor 'live like animals' says Boris's privately educated sister after going on 'poverty safari'
Exclusive: Impact of immigrants on British workers ‘negligible’
Vince Cable: Teachers 'know absolutely nothing' about the world of work
Ukraine crisis: Russia pledges to 'retaliate against sanctions' as Ukrainian president says Crimea vote will not be recognised
- 1 International Women's Day 2014: The shocking statistics that show why it is still so important
- 2 Orgasm machine to deliver climax at the push of a button
- 3 Dear 'The Sun', breast cancer isn't sexy
- 4 Teacher shows sex tape featuring herself to pupils during class by mistake
- 5 Singapore sting: Sky-high prices are pushing locals to the edge of affordability
iJobs Money & Business
£12000 per annum: Inspiring Interns: The company works with Tier 1 FTSE 100 Ba...
£32000 - £36000 per annum + generous benefits: Pro-Recruitment Group: * TAX * ...
£37000 - £40000 per annum + £20000 benefits package: Pro-Recruitment Group: **...
£30000 - £35000 per annum + generous benefits: Pro-Recruitment Group: Mixed Ta...