Hints and tips:
...Martens and Crocs raises doubts over whether any brand is immune to fashion trends, the FT’s John Gapper notes....
...The Ontario Teachers’ Pension Plan has promoted Bruce Crane to head of the Asia-Pacific region, succeeding Ben Chan, who retired earlier this month....
...The Tsuru banquet room at the Hotel New Otani in Tokyo is decorated with images of Japanese cranes in flight....
...In the 52-storey “The Tower” on St John’s Place, JLL is marketing an off-plan two-bedroom apartment for £445,000. The Tower is part of Allied London’s 25-acre mixed-use site on the river Irwell....
...“Shorts were the best-paid jobs, the best pension, the best conditions,” said John Gillespie, a bus driver who worked for Shorts for several years....
...He said: We anticipate a broad continuation of the trends experienced in 2016, with ongoing challenges in John Crane’s end markets being more than offset by moderate underlying revenue growth in our other...
...Smiths is also now expecting full year operating profit to exceeded expectations, although it will be down on 2015 following a reduction in profits at John Crane....
...Reflecting the malaise surrounding many of its engineering peers, such as Weir and IMI and Melrose, Smiths recorded a one-quarter fall in underlying operating profit at its John Crane division that makes...
...Crane....
...This was largely because of difficulties at its John Crane division, which makes equipment for the oil and gas sector, and accounts for more than one-third of group operating profit....
...ValueAct views Smiths’ medical devices business and its John Crane seals division as potential candidates for merger and acquisition activity, according to people close to the fund, and the UK group’s improving...
...“Despite better news from John Crane and Flex-Tek, we are reminded of the capacity to disappoint,” Mr Blogg said....
...That compares with the $467m in revenue from its crane business....
...The company’s John Crane business, which serves the oil and gas industry, and the Flex-Tek fluid management arm performed better....
...Adjusting for last year’s hefty exceptional charges such as £44m relating to asbestos litigation at its John Crane seals division, pre-tax profit was relatively flat at £498m in the 12 months to July 31....
...Chief executive John Stumpf, however, never sounds completely comfortable with overseas adventures or Wall Street, perhaps because the San Francisco-based bank’s premium rating has been earned in part by...
...Next to the Gerald Ford’s dry dock, cut steel and other early components for the USS John F Kennedy, its sister ship, lie waiting....
...Pre-tax profit, which fell from £398m a year earlier to £366m, was held back by exceptional charges, including £44m relating to asbestos litigation at its seals division John Crane....
...The rise was led by John Crane, which makes mechanical seals for use in pumps and compressors, where operating profits rose 15 per cent....
...Its John Crane energy equipment unit is the biggest contributor to group revenue (31 per cent in 2011), but has legacy asbestos litigation issues that require provisioning (£182m at the end of July)....
...Analysts predicted that trading would be unchanged since November as the strength of Smiths’ mechanical seals division, John Crane, countered weakness at its detection and radio component divisions....
...Mr Rowe will be replaced as chief executive by Exelon’s chief operating officer, Chris Crane. Mayo Shattuck, CEO of Constellation, will become chairman....
...But sales at John Crane, a maker of seals and couplings for the oil and gas industry, fell back, as did revenues at Smiths Interconnect and Flex-Tek amid weaknesses in a variety of end markets....
...John Crane designs and manufactures seals mainly for the booming oil & gas and mining sectors, Interconnect produces electrical components for mobile phone companies and mililtary use, while Flex-Tex supplies...
...On September 1, Exelon, the biggest nuclear generator in the US, announced plans to buy John Deere Renewables for as much as $900m to gain a foothold in the wind power industry....
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